Highest-materiality recent filing
Annual meeting results: all 8 directors elected, KPMG ratified, say-on-pay approved
Elected 8 directors with >22.8M votes for each; Bonnie Lind received 25.1M for, 264k withheld.
Albany International Q1 revenue up 7.8% to $311.3M; net income down to $15.3M
Net revenue $311.3M vs $288.8M; net income $15.3M ($0.54 diluted EPS) vs $17.4M ($0.56).
Albany Int'l Q4 revenue $321M (+12% YoY), AEC up 43%; Q1 guidance: rev $275-285M, adj EPS $0.50-0.60
Q4 adj EPS $0.65 beats $0.58 YoY; GAAP EPS $0.49 vs $0.57.
Albany International exploring sale of AED Facility; 10+ PE inquiries received
Selecting financial advisor and building financial models for potential sale of Amelia Earhart Drive Facility as a whole.
Albany Intl posts Q3 net loss of $97.8M on CH-53K charges; strategic review of structures assembly
Net loss of $97.8M ($3.37/diluted) vs net income of $18.0M ($0.57/diluted); includes $147.3M pre-tax CH-53K loss reserve.
Albany Intl to explore sale of structures assembly business; records $147M loss reserve on CH-53K
Reviewing strategic alternatives for structures assembly business, including potential sale of Salt Lake City facility.
Albany International appoints Willard Station as CFO effective Sept 1, 2025
Willard Station named EVP and CFO effective September 1, 2025; succeeds interim CFO JC Chetnani.
Albany International Q2 net income falls to $9M ($0.31 EPS) from $25M; revenue down 6.2%
Net revenues $311M, down 6.2% YoY (7.4% currency-adjusted).
Albany International to present at Wells Fargo Industrials Conference on June 11, 2025
President and CEO Gunnar Kleveland will present at the Wells Fargo 2025 Industrials & Materials Conference.
Albany International names Sean Valashinas as VP-Controller and Principal Accounting Officer
Sean Valashinas appointed VP-Controller and Principal Accounting Officer, effective June 9, 2025.
All nine director nominees elected; votes for ranged from 24,988,989 (Scannell) to 28,563,949 (Kleveland).
Albany International CFO Robert Starr resigns; JC Chetnani named interim CFO
CFO Robert Starr resigned effective May 23, 2025; receives $250K separation pay plus COBRA.
The Registrant, Albany International Corp. (the “Company”), has named Sean Valashinas its Vice President – Controller and Principal Accounting Officer and appointed him Principal Accounting Officer, both effective June 9, 2025.
The Company also announced that Jairaj (JC) Chetnani, its Vice President – Investor Relations and Treasurer, has been appointed interim Chief Financial Officer to succeed Mr. Starr while a formal search is conducted.
On May 16, 2025, the Albany International Corp. (“the Company”) Board of Directors accepted the resignation of Robert Starr, its Chief Financial Officer and interim Principal Accounting Officer, effective May 23, 2025
Max materiality 0.85 · Median 0.62 · Most common event other_material