Albany International board authorizes new $250M stock buyback

“With our proven ability to both grow and generate excess cash, as part of our capital allocation strategy, we have re-initiated our share repurchase program,” said CEO Gunnar Kleveland. “In the fourth quarter of 2024 we repurchased $15 million of shares. The Board has also authorized a new share repurchase program which supersedes our current program and is now up to $250 million.”