Benzinga | Jul 26, 2021 05:05PM EDT

Recap: Albany Intl Q2 Earnings

Shares of Albany Intl (NYSE:AIN) moved lower in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 7.34% over the past year to $1.01, which beat the estimate of $0.73.

Revenue of $234,519,000 higher by 3.77% from the same period last year, which beat the estimate of $219,450,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Albany Intl hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $93.43

52-week low: $46.31

Price action over last quarter: down 9.09%

Company Overview

Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.