Albany International Reaffirms Q3 Revenue Range $320M - $330M, Raises Adjusted EPS Range From $0.60 - $0.70 To $1.40 - $1.50; Expects Q4 Adjusted EPS Range $0.65 - $0.75, Revenue Range $325M - $335M
Benzinga Newsdesk 2 months ago
GuidanceNews
Albany International Corp. (NYSE:AIN) today announced the completion of the strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah. Following new business wins, a renegotiated Boeing 787 contract
Albany International Corp. (NYSE:AIN) today announced the completion of the strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah. Following new business wins, a renegotiated Boeing 787 contract for one-piece composite fuselage frames, and new contract terms with Sikorsky, a Lockheed Martin Company, on the CH-53K® program, Albany will retain the facility and end the previously announced strategic review.
Updated Outlook for the Third Quarter of 2026
- Consolidated net revenue outlook remains unchanged at between $320 million and $330 million
- Adjusted EPS increased from prior guidance of $0.60 to $0.70 to between $1.40 and $1.50
- Outlook for the Fourth Quarter of 2026
- Consolidated net revenue between $325 million and $335 million
- Adjusted EPS between $0.65 and $0.75