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Albany International: 1Q Earnings Snapshot

ROCHESTER, N.H. (AP) _ Albany International Corp. (AIN) on Tuesday reported first-quarter net income of $29.2 million.

On a per-share basis, the Rochester, New Hampshire-based company said it had net income of 90 cents. Earnings, adjusted for non-recurring gains, came to 87 cents per share.

The textile and composite maker posted revenue of $251.4 million in the period.

Albany International expects full-year earnings in the range of $3.05 to $3.35 per share, with revenue in the range of $1.05 billion to $1.08 billion.

Albany International shares have climbed 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $73.86, an increase of 25% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AIN at