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Albany International reports Q3 adjusted EPS 80c, consensus 57c

Albany International reports Q3 adjusted EPS 80c, consensus 57c

Reports Q3 revenue $298.39M, consensus $301.1M. “I am pleased with the overall results of the quarter as we focused on operational excellence evidenced by strong results at Machine Clothing and Free Cash Flow generation of $78 million year-to-date. We are addressing the issues announced earlier this month, with specific emphasis on our Salt Lake Facility. Revenues of $298 million was up $17 million or 6.1% over prior year,” said President and CEO, Gunnar Kleveland.

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