Albany International (AIN) released a profit for fourth quarter that Drops, from last year
The company's earnings came in at $13.88 million, or $0.48 per share. This compares with $17.67 million, or $0.56 per share, last year.
Excluding items, Albany International reported adjusted earnings of $0.65 per share for the period.
The company's revenue for the period rose 12.0% to $321.20 million from $286.90 million last year.
Albany International earnings at a glance (GAAP) :
-Earnings: $13.88 Mln. vs. $17.67 Mln. last year.-EPS: $0.48 vs. $0.56 last year.-Revenue: $321.20 Mln vs. $286.90 Mln last year.
-Guidance:Next quarter EPS guidance: $ 0.50 To $ 0.60Next quarter revenue guidance: $ 275 M To $ 285 M
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.