secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000819793-24-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International Q3 net income falls to $18M; revenue up 6.1% to $298M
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- Net revenue $298M (+6.1% YoY); MC $183M (+9.9% on Heimbach), AEC $115M (flat).
- Operating income $25M vs $40M prior year; AEC gross margin fell to 1.3% from 19.7% on EAC adjustments.
- GAAP diluted EPS $0.57 (vs $0.87); adj. diluted EPS $0.80 (vs $1.02).
- FY2024 guidance: rev $1.23-1.25B, adj. diluted EPS $3.10-$3.30, adj. EBITDA $237-247M.
- Free cash flow YTD $78M; net debt $235M, net leverage 0.91x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000070/0000819793-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000070/ain-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000070

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