ROCHESTER, N.H. (AP) — ROCHESTER, N.H. (AP) — Albany International Corp. (AIN) on Wednesday reported first-quarter net income of $17.4 million.
The Rochester, New Hampshire-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 73 cents per share.
The textile and composite maker posted revenue of $288.8 million in the period.
Albany International expects full-year earnings in the range of $3 to $3.40 per share, with revenue in the range of $1.17 billion to $1.26 billion.
Albany International shares have fallen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $65.76, a decrease of 18% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIN at https://www.zacks.com/ap/AIN
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
