News & Events zu Albany International Corp (AIN)AINAlbany International Corp

Albany International Agrees with Boeing to Continue 787 Fuselage Frame Production

Albany International (AIN) segment Albany Engineered Composites reached an agreement with Boeing (BA) to continue composite fuselage frame manufacturing for the 787 Dreamliner. Under the agreement, Albany continues to manufacture about 300 unique composite fuselage frames for the 787 Dreamliner. Albany has produced composite fuselage frames for Sections 41 and 43 since Boeing's original award in 2014. The Boeing 787 work is performed at Albany's facility in Salt Lake City, Utah.

Albany International CFO Willard on Medical Leave, Sean Appointed Acting CFO

Albany International announced that Willard Station, EVP and CFO, is taking a medical leave of absence. The Albany International Board of Directors has appointed Sean Valashinas, the Company's Controller and Chief Accounting Officer, as acting CFO.

Albany International Reports Q2 Revenue of $329.5M

Reports Q2 revenue $329.5M, consensus $340.1M. Gunnar Kleveland, Albany International's President and Chief Executive Officer, said, "Our second-quarter performance delivered the strongest Adjusted EBITDA we have achieved in the past two years and grew 11.5% year-over-year, despite modestly lower-than-expected revenue due to several discrete factors. This result reflects the progress we have made to build a more nimble company and underscores the strength of our operating model, our focus on profitable growth, and the dedication of the Albany team."