Albany International ( (AIN) ) has shared an announcement.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Albany International Corp. has revised its full-year forecast, adjusting revenue and profitability expectations, particularly for its aerospace business due to increased costs and production delays from a key customer’s union negotiations. Despite these challenges, the company remains optimistic, citing strong demand, substantial new orders, and a solid backlog. The updated full-year 2024 guidance anticipates total company revenue of $1.22 to $1.26 billion, with adjusted EBITDA projected between $230 to $250 million, reflecting confidence in its financial strength and growth potential.
For a thorough assessment of AIN stock, go to TipRanks’ Stock Analysis page.
