Albany International Sees FY24 EPS $3.55-$4.05 Vs $3.97 Est.; Revenue $1.26B-$1.33B Vs $1.3B Est.
Albany International Corp. Class A -1.63%
Albany International Corp. Class A AIN | 72.27 | -1.63% |
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.
