​Albany International Press Releases

Albany Announces CEO Succession Plan
August 1, 2017
Albany Announces CEO Succession Plan
Albany announced today that President and CEO Joseph Morone has decided to retire in 2018. The Company’s Board has instituted a CEO search to consider candidates to succeed Dr. Morone, who will continue to serve as CEO until his successor is in place. Dr. Morone has also agreed to remain on the Board for an appropriate period of time to support the transition and ensure an orderly handoff to his successor. (more)
 
Albany Announces Second-Quarter Results
August 1, 2017
Albany Announces Second-Quarter Results
Net sales were $215.6 million, an increase of 6.1% compared to 2016 (see Table 1). As previously reported, in Q2 2017, the Company recorded a $15.8 million ($0.31 per share – see Table 13) charge to Cost of goods sold related to revisions in the estimated profitability of two contracts in the Albany Engineered Composites segment. Net income attributable to the Company was $1.1 million ($0.03 per share) in Q2 2017, compared to $10.4 million ($0.32 per share) in Q2 2016. Net income attributable to the Company, excluding adjustments (a non-GAAP measure), was $0.16 per share in Q2 2017, compared to $0.48 in Q2 2016 (see Table 17). Adjusted EBITDA (a non-GAAP measure) was $30.6 million in Q2 2017, compared to $46.6 million in Q2 2016 (see Tables 8 and 9). (more)
 
Albany International Announces Anticipated Charge for Revisions in Estimated Contract Profitability/ Sets Q2 Earnings Release and Webcast Dates
July 13, 2017
Albany International Announces Anticipated Charge for Revisions in Estimated Contract Profitability/ Sets Q2 Earnings Release and Webcast Dates
Albany International Corp. announced today that it expects to record a second-quarter pre-tax charge of approximately $16 million associated with revisions in the estimated profitability of two contracts in the Albany Engineered Composites segment. The Company will release second-quarter 2017 financial results after the close of the market on August 1, 2017, and it will host a webcast to discuss earnings at 9:00 a.m. Eastern Time on August 2. (more)
 
Albany International Declares Dividend
May 12, 2017
Albany International Declares Dividend
The Board of Directors of Albany International Corp. today declared a quarterly dividend of $0.17 per share on the Company’s Class A and Class B Common Stock. (more)
 

​Albany International In The News

LEAP of Faith
July 18, 2016
LEAP of Faith
Behind Albany International’s escalating success in aerospace composites is an inspiring story of management conviction based on a “cash and grow” strategy. Composites in Manufacturing's Adrian Wilson reports. (more)
 
Plug and Play - Aviation Week & Space Technology
September 4, 2014
Plug and Play - Aviation Week & Space Technology
787-based eco Demonstrator readied for second flight phase following CMC nozzle tests (more)
 
Fanning Out - Aviation Week & Space Technology
April 21, 2014
Fanning Out - Aviation Week & Space Technology
New fan blade factories underscore Safran's confidence in LEAP engine and US partnership (more)
 

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Press Contact
 

Heather Kralik

Senior Director, Communications & Investor Relations

+1 (801) 505-7001 heather.kralik@albint.com