Articles from Albany International Corp.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.27 per share on the Company’s Class A Common Stock, an increase of 4%, or $0.01 per share, from the prior dividend.

Heimbach Switzerland AG, an affiliate of Albany International Corp. (NYSEAIN), announced today that it will initiate consultations with employee representatives regarding a proposal to discontinue manufacturing operations in Olten, Switzerland, and to transfer production to other Heimbach GmbH manufacturing facilities. The reduction is subject to local law and will be implemented in accordance with such law and in consultation with the employees’ representative body.

Albany International Corp. (NYSEAIN) today reported operating results for its third quarter of 2024, which ended September 30, 2024.

Albany International Corp. (NYSEAIN) will release 2024 third-quarter results Wednesday, October 30, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Thursday, October 31, 2024. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.

Albany International Corp. (NYSEAIN) announced today the publication of its 2023 Taskforce on Climate-related Financial Disclosures (TCFD) Report. The TCFD provides a common framework to articulate to stakeholders the Company’s strategy for managing its climate-related risks and opportunities, and to show how its products and operations are aligned with the transition to a low-carbon, sustainable global economy.

Albany International Corp. (NYSEAIN) announced today that Gunnar Kleveland, President and CEO, and Robert Starr, Executive Vice President and CFO, will participate in a presentation at 10:50 a.m. Central Time, on Thursday November 14, 2024 at Baird’s Global Industrial Conference in Chicago.

Albany International Corp. (NYSEAIN) announced today that it is providing a preliminary update to its full year outlook largely to reflect revised revenue and profitability expectations for the aerospace business within its Engineered Composites (AEC) segment.

Albany International Corp. (NYSEAIN) announced today that its Board of Directors has appointed Merle Stein as President of its Machine Clothing business segment, and elected him an officer of the Company effective September 1, 2024, to succeed Daniel Halftermeyer, who has stepped down from the position to focus his time and energies on the continued integration of the Heimbach acquisition and the successful transition to Mr. Stein.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock.

Albany International Corp. (NYSEAIN) today reported operating results for its second quarter of 2024, which ended June 30, 2024.

Albany International Corp. (NYSEAIN) announced today that its Board of Directors has appointed Christopher Stone as President, Albany Engineered Composites, Inc., and elected him an officer of the Company, effective August 12, 2024, to succeed Gregory Harwell, who no longer serves as President of Albany Engineered Composites, Inc.

Albany International Corp. (NYSEAIN) will release 2024 second-quarter results Tuesday, August 6, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Wednesday, August 7, 2024. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock.

Albany International Corp. (NYSEAIN) President and Chief Executive Officer, Gunnar Kleveland, will speak at the Bank of America Transportation, Airlines, and Industrials Conference on Wednesday, May 15, 2024 at 3:40 p.m. Eastern Time.

Albany International Corp. (NYSEAIN) today reported operating results for its first quarter of 2024, which ended March 31, 2024.

Albany International Korea, Inc., an affiliate of Albany International Corp. (NYSEAIN), announced today its plan to discontinue manufacturing at its operations in Chungju, South Korea, and to transfer production to other Albany International manufacturing facilities.

Albany International Corp. (NYSEAIN) will release 2024 first-quarter results Monday, April 29, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Tuesday, April 30. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.

Albany International Corp. (NYSEAIN) announced today the publication of its 2023 Sustainability Report, outlining its commitment to sustainable practices in business, work environment, and communities. Sustainability highlights include the commitment to set near-term company-wide emission reduction targets aligned with the Science Based Targets initiative (SBTi) and their advances in materials recycling.

Albany International Corp. (NYSEAIN) today reported operating results for its full year and fourth quarter of 2023, which ended December 31, 2023.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock. The dividend is payable April 5, 2024, to shareholders of record on March 15, 2024.

Albany International Corp. (NYSEAIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board.

Albany International Corp. (NYSEAIN) will release 2023 fourth-quarter and full year financial results Monday, February 26, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Tuesday, February 27. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock, an increase of 4%, or $0.01 per share, from the prior dividend. The dividend is payable January 8, 2024, to shareholders of record on December 19, 2023.

Albany International Corp. (NYSEAIN) today reported operating results for its third quarter of 2023, which ended September 30, 2023.

Albany International Corp. (NYSEAIN) will release 2023 third-quarter financial results Monday, November 6, 2023 after the market close. The Company will host a webcast to discuss results at 10:00 a.m. Eastern Time on Tuesday, November 7. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.

Albany International Corp. (NYSEAIN) announced today it has completed its acquisition of Heimbach Group (Heimbach). Headquartered in Düren, Germany, Heimbach is a global supplier of paper machine clothing for the production of all grades of paper and cardboard on all machine types as well as high-tech textile products used in a variety of sectors, such as the food processing, chemicals, construction materials and automotive industries.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.25 per share on the Company’s Common Stock. The dividend is payable October 6, 2023, to shareholders of record on September 5, 2023.

Albany International Corp. (“Albany” or the “Company”) (NYSEAIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1. Mr. Kleveland will also join the Company’s Board at that time. Mr. Higgins, who previously announced his intention to retire as CEO, will remain a member of Albany’s Board.

Albany International Corp. (NYSEAIN) today reported operating results for its second quarter of 2023, which ended June 30, 2023.

Albany International Corp. (NYSEAIN) will release 2023 second-quarter financial results Wednesday, July 26, 2023 after the market close. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Thursday, July 27. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com.

Albany International Corp. (NYSEAIN) announced today its subsidiary Albany Engineered Composites (AEC) has delivered its first composite vertical tail plane (VTP) fitting to support the Aernnova Clean Sky 2 full composite rear-end fuselage technology demonstrator. AEC’s collaboration with Aernnova represents the companies shared efforts at developing high volume industrialized and sustainable manufacturing technologies for next generation light weight aerostructures. AEC’s composite VTP fitting has a uniquely designed hybrid preform of 3D woven and non-crimp fabric architectures for optimised load carrying capabilities.

Albany International Corp. (NYSEAIN) announced today that its subsidiary Albany Engineered Composites (AEC) recently delivered the first components it is producing for the Airbus Wing of Tomorrow Wing Box Assembly demonstrator program. AEC’s collaboration with Airbus represents an important part of its strategic efforts aimed at developing high volume industrialized and sustainable manufacturing technologies for next generation Airbus aircraft.

Albany International Corp. (“Albany” or the “Company”) (NYSEAIN) announced today it has entered into a definitive agreement to acquire privately held Heimbach Group (“Heimbach”), a leading supplier of paper machine clothing, in an all cash transaction valued at approximately €153 million, including the assumption of €21 million net debt. The transaction has been unanimously approved by the Albany Board of Directors and Heimbach’s shareholders. It is expected to close in the second half of 2023, subject to customary closing conditions and regulatory approvals. Albany will fund the transaction with cash held outside the United States.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.25 per share on the Company’s Class A Common Stock. The dividend is payable July 10, 2023, to shareholders of record on June 7, 2023.

Albany International Corp. (NYSEAIN) today published its 2022 Sustainability Report, which expands on the Company’s previous reporting and disclosures. This enhanced reporting reflects Albany International’s ongoing commitment to its three core sustainability pillars of: accountability for its role as an environmental steward, respect for its people and communities, and integrity in how the business is governed.

Albany International Corp. (NYSEAIN) today reported operating results for its first quarter of 2023, which ended March 31, 2023.

Albany International Corp. (NYSEAIN) announced today that its subsidiary Albany Engineered Composites (AEC) has received a $4 million contract award from the U.S. Army in support of hypersonic development. AEC will be utilizing its proprietary and fully industrialized near-net shape 3D weaving technology to further develop thermal protection systems for hypersonic applications. When compared to competing technologies, AEC’s near-net shape 3D weaving technology provides unique performance advantages with superior affordability and scalability to meet the demanding requirements of hypersonic vehicles.

Albany International Corp. (NYSEAIN) will release 2023 first-quarter financial results on Tuesday, April 25, 2023 after the market close.

Albany International Corp. (NYSEAIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, 2023. The Company further announced that its Board of Directors has appointed Robert D. Starr as Chief Financial Officer and Treasurer to succeed Mr. Nolan, effective April 10, 2023.

Albany International Corp. (NYSEAIN) President and CEO, Bill Higgins, will speak at the J.P. Morgan Industrials Conference on Thursday, March 16, 2023 at 2:10 p.m. Eastern Time.

Albany International Corp. (NYSEAIN) announced today that President and CEO Bill Higgins has notified the company’s Board of Directors of his desire to retire. The Company’s Board of Directors has retained executive search firm Spencer Stuart to begin a search for Mr. Higgins’ successor. Mr. Higgins will continue in his role as CEO until his successor is in place.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.25 per share on the Company’s Class A Common Stock. The dividend is payable April 10, 2023, to shareholders of record on March 17, 2023.

Albany International Corp. (NYSEAIN) today reported operating results for its fourth quarter of 2022, which ended December 31, 2022.

Albany International Corp. (NYSEAIN) Chief Financial Officer and Treasurer, Stephen Nolan, will speak at the Cowen 44th Annual Aerospace/Defense and Industrials Conference on Thursday, February 16, 2023 at 10:00 a.m. Eastern Time.

Albany International Corp. (NYSEAIN) will release 2022 fourth-quarter and full year financial results Monday, February 13, 2023 after the market close.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.25 per share on the Company’s Class A Common Stock, an increase of 19% over the prior quarterly dividend of $0.21. The dividend is payable January 9, 2023, to shareholders of record on December 27, 2022.

Albany International Corp. (NYSEAIN) today reported operating results for its third quarter of 2022, which ended September 30, 2022.

Albany International Corp. (NYSEAIN) will release 2022 third-quarter financial results Monday, October 24, 2022 after the market close.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.21 per share on the Company’s Class A Common Stock, payable October 7, 2022, to shareholders of record on September 6, 2022.

Albany International Corp. (NYSEAIN) today reported operating results for its second quarter of 2022, which ended June 30, 2022.

Albany International Corp. (NYSEAIN) will release 2022 second-quarter financial results Monday, July 25, 2022 after the market close.

Albany International (NYSEAIN), a leading developer and manufacturer of engineered components, will host an Investor Day at The Langham, Boston hotel on Wednesday, May 25, 2022. Featured speakers include:

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.21 per share on the Company’s Class A Common Stock, payable July 8, 2022, to shareholders of record on June 7, 2022.

Albany International Corp. (NYSEAIN) today reported operating results for its first quarter of 2022, which ended March 31, 2022.

Albany International Corp. (NYSEAIN) will release 2022 first-quarter financial results Monday, April 25, 2022 after the market close.

Albany International Corp. (NYSEAIN) President and Chief Executive Officer, Bill Higgins, will speak at the Sidoti & Company Small Cap Virtual Conference on Wednesday, March 23, 2022 at 1:45 p.m. Eastern Time.

Albany International Corp. (NYSEAIN) announced today that Russell E. Toney has been elected to its Board of Directors.

Albany International Corp. (NYSEAIN) Chief Financial Officer and Treasurer, Stephen Nolan, will speak at the J. P. Morgan Industrials Conference in New York City on Thursday, March 17, 2022 at 3:50 p.m. Eastern Time.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.21 per share on the Company’s Class A and Class B Common Stock, payable April 7, 2022, to shareholders of record on March 21, 2022.

Albany International Corp. (NYSEAIN), a leading developer and manufacturer of engineered components, has been recognized on the Forbes list of America’s Best Employers 2022.

Albany International Corp. (NYSEAIN) today reported operating results for its fourth quarter of 2021, which ended December 31, 2021.

Albany International Corp. (NYSEAIN) announced today that its subsidiary Albany Engineered Composites (AEC) has been selected by Sikorsky Aircraft to produce the complete CH-53K Aft Transition assembly in a competitively bid 10-year long term agreement (LTA) covering Lots 7 through 14. Long-lead funding is already underway to support the schedule and the contract is expected to be finalized in the first quarter of 2022 with first deliveries in 2023.

Albany International Corp. (NYSEAIN) announced today that Christina M. Alvord has been elected to its Board of Directors.

Albany International Corp. (NYSEAIN) will release 2021 full-year and fourth-quarter financial results Tuesday, February 15, 2022 after the market close.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.21 per share on the Company’s Class A and Class B Common Stock, payable January 10, 2022, to shareholders of record on December 28, 2021.

Albany International Corp. (NYSEAIN) released its inaugural Sustainability report, focused on the company’s management approach and accomplishments in key environmental, social and governance areas.

Albany International Corp. (NYSEAIN) today reported operating results for its third quarter of 2021, which ended September 30, 2021. Additionally, the company raised its full year financial guidance for 2021. Albany’s Board of Directors authorized a share repurchase program of up to $200 million.

Albany International Corp. (NYSEAIN) will release 2021 third-quarter financial results Monday, October 25, 2021 after the market close.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.20 per share on the Company’s Class A and Class B Common Stock, payable October 7, 2021, to shareholders of record on September 7, 2021.

Albany International Corp. (NYSEAIN) (the “Company”) today announced the closing of the previously announced secondary offering of shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”). Standish Family Holdings, LLC and J.S. Standish Company (collectively, the “Selling Stockholders”) sold 1,566,644 shares of Class A Common Stock. The total net proceeds to the Selling Stockholders before expenses were approximately $119 million. No shares were sold by the Company. J.P. Morgan Securities LLC has acted as the sole underwriter for the offering.

Albany International Corp. (NYSEAIN) (the “Company”) today announced the launch of a secondary offering of 1,566,644 shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”). The shares are being offered by Standish Family Holdings, LLC and J.S. Standish Company (collectively, the “Selling Stockholders”). The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.

Albany International Corp. (NYSEAIN) today reported operating results for its second quarter of 2021, which ended June 30, 2021. Additionally, the company raised its financial guidance for 2021.

Albany International Corp. (NYSEAIN) will release 2021 second-quarter financial results Monday, July 26, 2021 after the market close.

The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.20 per share on the Company’s Class A and Class B Common Stock, payable July 8, 2021, to shareholders of record on June 7, 2021.

Albany International Corp. (NYSEAIN) today reported operating results for its first quarter of 2021, which ended March 31, 2021.