secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000819793-24-000050
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International Q2 revenue up 21% to $332M; net income down to $0.79 EPS; adj. EPS flat at $0.89
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- Revenue $332M, up 21.1% YoY; Heimbach acquisition and AEC growth offset organic MC decline.
- GAAP EPS $0.79 vs $0.85 YoY; adjusted EPS $0.89, flat; gross margin down 350+ bps to 33.9%.
- MC segment revenue $194M (+21.6% ex-currency); Heimbach inclusion, but organic demand weak in Europe/NA.
- AEC segment revenue $138M (+20.5%); growth on CH-53K, commercial/space; lower JASSM/JSF partly offset.
- FY2024 guidance reaffirmed: revenue $1.26-1.33B, adj. EPS $3.55-4.05, adj. EBITDA $260-290M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000050/0000819793-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000050/ain-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000050

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