Latest news with #AlbanyInternationalCorp
Business Wire
9 hours ago
- Business
- Business Wire
Albany International to Present at the Wells Fargo 2025 Industrials & Materials Conference
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) President and Chief Executive Officer, Gunnar Kleveland, will speak at the Wells Fargo 2025 Industrials & Materials Conference on Wednesday, June 11, 2025 at 4:45 p.m. ET. Interested parties are invited to listen to the webcast via the Company's Investor Relations website at A replay of the webcast will be available on the website following the event. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials‑based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 30 facilities in 13 countries, employs approximately 5,400 people worldwide, and is listed on the New York Stock Exchange (Symbol: AIN). Additional information about the Company and its products and services can be found at
Yahoo
9 hours ago
- Business
- Yahoo
Albany International to Present at the Wells Fargo 2025 Industrials & Materials Conference
ROCHESTER, N.H., June 09, 2025--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) President and Chief Executive Officer, Gunnar Kleveland, will speak at the Wells Fargo 2025 Industrials & Materials Conference on Wednesday, June 11, 2025 at 4:45 p.m. ET. Interested parties are invited to listen to the webcast via the Company's Investor Relations website at A replay of the webcast will be available on the website following the event. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials‑based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 30 facilities in 13 countries, employs approximately 5,400 people worldwide, and is listed on the New York Stock Exchange (Symbol: AIN). Additional information about the Company and its products and services can be found at View source version on Contacts Investor / Media Contact: JC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-06-2025
- Business
- Yahoo
Albany International Corp. (NYSE:AIN) Stock Goes Ex-Dividend In Just Four Days
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Albany International Corp. (NYSE:AIN) is about to go ex-dividend in just four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Albany International's shares on or after the 6th of June will not receive the dividend, which will be paid on the 8th of July. The company's next dividend payment will be US$0.27 per share, and in the last 12 months, the company paid a total of US$1.08 per share. Based on the last year's worth of payments, Albany International has a trailing yield of 1.6% on the current stock price of US$66.07. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. That's why it's good to see Albany International paying out a modest 42% of its earnings. A useful secondary check can be to evaluate whether Albany International generated enough free cash flow to afford its dividend. It paid out 23% of its free cash flow as dividends last year, which is conservatively low. It's positive to see that Albany International's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. View our latest analysis for Albany International Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with falling earnings are riskier for dividend shareholders. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Readers will understand then, why we're concerned to see Albany International's earnings per share have dropped 8.9% a year over the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Albany International has delivered an average of 5.4% per year annual increase in its dividend, based on the past 10 years of dividend payments. Should investors buy Albany International for the upcoming dividend? Albany International has comfortably low cash and profit payout ratios, which may mean the dividend is sustainable even in the face of a sharp decline in earnings per share. Still, we consider declining earnings to be a warning sign. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Albany International's dividend merits. On that note, you'll want to research what risks Albany International is facing. Every company has risks, and we've spotted 1 warning sign for Albany International you should know about. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Business
- Business Wire
Albany International Announces CFO Transition
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has accepted the resignation of its Chief Financial Officer, Robert Starr, effective May 23, 2025. The Company further announced that its Board of Directors has appointed Jairaj (JC) Chetnani, its Vice President – Investor Relations and Treasurer, as interim Chief Financial Officer as it conducts a formal search for Mr. Starr's successor. Mr. Chetnani also assumes the role of Principal Accounting Officer. Mr. Starr has informed the Company that he is stepping away from his role to evaluate and pursue other opportunities. 'It has been my pleasure to serve as CFO of Albany International and to work with such a talented team of professionals.' said Mr. Starr. 'I am proud of the role I have played at the Company and am confident that it is well placed for long term success.' Gunnar Kleveland, Albany's President and Chief Executive Officer, said 'I have valued my time and collaboration with Rob. He had answered the call of my predecessor to fill an unexpected vacancy in the CFO position, notwithstanding the fact that the Company had already announced its plan to embark on a new CEO search. I appreciate all that he has done to welcome me and ease my transition into the role. I am happy for Rob and join with the rest of the Albany team in wishing him all the best.' Mr. Chetnani has been with the Company since 2023, first as Vice President – FP&A & Treasurer, then as Vice President – Investor Relations & Treasurer. He has over 27 years of extensive financial experience in various industries, including the last 12 years in Aerospace & Defense. His experience spans a breadth of corporate finance functions, including treasury, capital markets, M&A, financial planning and analysis, as well as investor relations. 'I am very pleased the Board has appointed JC as our interim CFO,' Kleveland continued 'He will provide continuity as we conduct our search. His experience and familiarity with the Company, its strategy and its stakeholders will ensure a seamless transition.' About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials‑based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 30 facilities in 13 countries, employs approximately 5,400 people worldwide, and is listed on the New York Stock Exchange (Symbol: AIN). Additional information about the Company and its products and services can be found at
Yahoo
19-05-2025
- Business
- Yahoo
Albany International Announces CFO Transition
ROCHESTER, N.H., May 19, 2025--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has accepted the resignation of its Chief Financial Officer, Robert Starr, effective May 23, 2025. The Company further announced that its Board of Directors has appointed Jairaj (JC) Chetnani, its Vice President – Investor Relations and Treasurer, as interim Chief Financial Officer as it conducts a formal search for Mr. Starr's successor. Mr. Chetnani also assumes the role of Principal Accounting Officer. Mr. Starr has informed the Company that he is stepping away from his role to evaluate and pursue other opportunities. "It has been my pleasure to serve as CFO of Albany International and to work with such a talented team of professionals." said Mr. Starr. "I am proud of the role I have played at the Company and am confident that it is well placed for long term success." Gunnar Kleveland, Albany's President and Chief Executive Officer, said "I have valued my time and collaboration with Rob. He had answered the call of my predecessor to fill an unexpected vacancy in the CFO position, notwithstanding the fact that the Company had already announced its plan to embark on a new CEO search. I appreciate all that he has done to welcome me and ease my transition into the role. I am happy for Rob and join with the rest of the Albany team in wishing him all the best." Mr. Chetnani has been with the Company since 2023, first as Vice President – FP&A & Treasurer, then as Vice President – Investor Relations & Treasurer. He has over 27 years of extensive financial experience in various industries, including the last 12 years in Aerospace & Defense. His experience spans a breadth of corporate finance functions, including treasury, capital markets, M&A, financial planning and analysis, as well as investor relations. "I am very pleased the Board has appointed JC as our interim CFO," Kleveland continued "He will provide continuity as we conduct our search. His experience and familiarity with the Company, its strategy and its stakeholders will ensure a seamless transition." About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials‑based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 30 facilities in 13 countries, employs approximately 5,400 people worldwide, and is listed on the New York Stock Exchange (Symbol: AIN). Additional information about the Company and its products and services can be found at View source version on Contacts Investor / Media Contact: JC ChetnaniVP-Investor Relations and Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
