Albany International Sees FY24 EPS $3.55-$4.05 Vs $3.97 Est.; Revenue $1.26B-$1.33B Vs $1.3B Est.

-1.91% Pre

Albany International Corp. Class A

AIN

67.19

-1.91%

0.00% Pre

Outlook for Full-Year 2024

The company has reaffirmed its guidance for the full year of 2024 as follows:

Total company revenue between $1.26 and $1.33 billion
Effective income tax rate between 29% and 31%
Capital expenditures in the range of $90 to $95 million
Adjusted diluted earnings per share between $3.55 and $4.05
Total company Adjusted EBITDA between $260 to $290 million
Machine Clothing revenue between $760 to $790 million
Machine Clothing Adjusted EBITDA between $230 and $250 million
Albany Engineered Composites revenue between $500 to $540 million, and
Albany Engineered Composites Adjusted EBITDA between $97 to $107 million.

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