BNET Industries
Albany International Corp. (AIN) is in the Manufacturing Industry
- Revenue
- Dec 31 2007
- $1.0B
- Profit
- Dec 31 2007
- $17.7M
- Market Cap
- Oct 09 2008
- $510.8M
Latest News and Analysis
Albany International Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Sure. Thank you. Operator instructions One moment please for our first question. And we go to the line of Paul Mammola of Sidoti & Company. Please go ahead. Paul Mammola – Sidoti & Company Hi. Good morning, guys. Joseph Morone Good morning, Paul. Michael...
Albany International Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Your first question is from Mark Connelly – Credit Suisse. Mark Connelly – Credit Suisse Joe, when you look at this quarter, we certainly have seen a lot of paper companies missing, I’m curious how much of a surprise this was...
Albany International Corp. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Our first question comes from the line of John Emrich with Iron Works Capital. Please go ahead. John S. Emrich - Iron Works Capital Thanks. Hi, Joe. Hi, Michael. Joseph G. Morone - President, CEO Hi, John. Michael C. Nahl - EVP, CFO...
Additional Resources
Switzerland Announces Winners of Significant Investment Projects for 2007
Merck & Company, Albany International, Intuitive Surgical, and Johnson & Johnson to receive 'Tell Awards' During the Swiss Embassy's 7th Alumni Garden Party WASHINGTON, Sept. 18 /PRNewswire/ -- Merck & Company, Albany International, Intuitive Surgical, and Johnson & Johnson on September 24 will receive Tell Awards for...
Albany International Provides Update on Short-Term Prospects in the Composites Business
ALBANY, N.Y. -- Albany International Corp. (NYSE:AIN) reported today that Eclipse Aviation, a significant customer of Albany Engineered Composites AEC, has indicated that it was substantially reducing production of the Eclipse 500 jet, and planned purchases of components from AEC and other suppliers, for the remainder of 2008 and the...
Albany International Reports Second-Quarter Results
Second-Quarter Highlights * Net income per share was $0.20, after reductions of $0.47 from net restructuring charges, idle-capacity costs related to restructuring, and costs related to continuing performance-improvement initiatives. Discrete income tax adjustments reduced net income by $0.01 per share. Net income per share for Q2 2007 was...
Pilot safely lands after plane wheel falls off
Four members of a Cherry Hill family were unhurt after broken landing gear on their small plane forced an emergency landing at an Albany, N.Y., airport yesterday afternoon. James Stephans was flying his wife, 13-year-old daughter, and 7-year-old son back from a vacation in the Adirondacks in a rented single-engine...
Albany International
The board of directors of Albany International has elected Erland Kailbourne chairman of the board. He replaces Frank Schmeler who retired as chairman after 44 years of service to the company. Mr. Kailbourne has been a director of the company since 1999. He currently serves as chairman of...
Albany sells filtration business
Albany International has sold its global Albany Filtration Technologies business to Filtration Technologies Australia at a $45 million price tag. The buyer will acquire Albany's equity ownership of Albany International Applied Technology Suzhou as well as the remaining AFT business assets, most of which are located in Australia. ...
Albany International reports Q1 results
Albany International has reported quarterly financial results. Net sales from continuing operations were $273.2 million, an increase of 9% compared to the same period last year. Net sales in the engineered composites segment increased 42.6% compared to the same period last year. The quarter's operating loss was $1.8...
Stewart numbers down
Stewart International Airport is putting up some attention-getting numbers, forecasting a tripling of passengers in the next 17 years, but acknowledging a 15 percent tumble from expected numbers this year. A 45-minute presentation May 6 on the airports' future by transportation analysts Charles Van Cook and Matt Lee...
Albany International Declares Dividend
ALBANY, N.Y. -- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.12 per share on the Class A and Class B Common Stock, payable on July 8, 2008, to shareholders of record on June 6, 2008. Albany International is a...
Albany International Corp. Names New Chairman and Vice-Chairman
ALBANY, N.Y. -- At its regular meeting preceding the Annual Meeting of Stockholders today, the Board of Directors of Albany International Corp. (NYSE:AIN) elected Erland E. Erkie Kailbourne as Chairman of the Board. Frank R. Schmeler retired as Chairman, culminating 44 years of outstanding service to the Company. ...
Albany International Announces Sale of Filtration Business
ALBANY, N.Y. -- Albany International Corp. (NYSE:AIN) announced today that it had agreed to sell its global Albany Filtration Technologies ("AFT") business to All Filtration Technologies Australia Pty Ltd. for $45 million, subject to contractual closing adjustments. Under the terms of the agreement, the buyer will acquire Albany's equity ownership...
Albany International Reports First-Quarter Results
ALBANY, N.Y. -- First-Quarter Highlights * Net loss per share was $0.05, after reductions of $0.36 from net restructuring charges, idle-capacity costs related to restructuring, and costs related to continuing performance-improvement initiatives. Discrete income tax adjustments reduced net income by $0.13 per share. Net income per share for...
Albany International Plans Live Audio Webcast to Discuss First-Quarter 2008 Financial Results
ALBANY, N.Y. -- Albany International Corp. (NYSE:AIN) will host a live audio webcast on Monday, May 5, 2008, to discuss first-quarter 2008 financial results, which will be announced on May 5, 2008, at 7:00 a.m. Eastern Time. [TABLE OMITTED] About Albany International Corp. Albany International is...
Albany International Announces Closure of Mansfield, Massachusetts, Facility
ALBANY, N.Y. -- Albany International Corp. (NYSE:AIN) announced today that it plans to shut down its Mansfield, Massachusetts, facility, and consolidate its technical and manufacturing operations located there into other facilities in Europe and North America. The Mansfield closure, which will affect approximately 80 employees,...
School Without Walls Pushes the Envelope, The
Now involving four partners, this training model recognizes that a new approach to a very old problem is needed We cannot solve problems by using the same kind of thinking we used when we created them" Albert Einstein. This is a very strong statement that typifies...
It doesn't get easier
ONE OF THE BENEFITS OF MY WORK WITH RISI is that from time to time I write the special supplements that appear in our sister magazine, PPI. I was in Brazil in September gathering information about the massive billion dollar plus expansion/modernization at Klabin's Monte Alegre mill that included...
Albany International Declares Dividend
ALBANY, N.Y. -- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.11 per share on the Class A and Class B Common Stock, payable on April 7, 2008, to shareholders of record on March 14, 2008. Albany International is a...
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- Incorporated: 1895
- CEO: Dr. Joseph G. Morone
Albany International is engaged in three business segments. Co.'s Paper Machine Clothing segment designs, manufactures, and markets paper machine clothing for each section of the paper machine. Co.'s Applied Technologies segment comprises of various products, including composite structures for aircraft and other applications; fabrics, wires, belting products for nonwovens and pulp industries; filtration products for wet and dry applications; industrial belts for tannery, textile and corrugator applications as well as synthetic insulation for home furnishings and technical outerwear (PrimaLoft®). Co.'s Albany Door Systems segment manufactures, sells, and services Rapid Roll® doors.
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Albany International Corp. Company Info
Board of Directors
Mr. Frank R. Schmeler
Chairman
Mr. Thomas R. Beecher Jr.
Dr. Joseph G. Morone
Ms. Christine L. Standish
Mr. Erland E. Kailbourne
Mr. John C. Standish
Mr. Juhani Pakkala
Ms. Paula H. J. Cholmondeley
Dr. John F. Cassidy Jr.
Mr. Edgar G. Hotard
Contact Information
1373 Broadway
Albany, NY
518 445-2200