PORTSMOUTH, N.H. (AP) — PORTSMOUTH, N.H. (AP) — Albany International Corp. (AIN) on Tuesday reported fourth-quarter earnings of $13.9 million.
The Portsmouth, New Hampshire-based company said it had net income of 48 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 65 cents per share.
The textile and composite maker posted revenue of $321.2 million in the period.
For the year, the company reported a loss of $57.3 million, or $1.94 per share, swinging to a loss in the period. Revenue was reported as $1.18 billion.
For the current quarter ending in March, Albany International expects its per-share earnings to range from 50 cents to 60 cents.
The company said it expects revenue in the range of $275 million to $285 million for the fiscal first quarter.
Albany International shares have increased 14% since the beginning of the year. The stock has fallen 27% in the last 12 months.
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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
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