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 (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIN at https://www.zacks.com/ap/AIN