Albany International Adjusts 2024 Forecast Amid Aerospace Delays

Albany International ( (AIN) ) has shared an announcement.

Albany International Corp. has revised its full-year forecast, adjusting revenue and profitability expectations, particularly for its aerospace business due to increased costs and production delays from a key customer’s union negotiations. Despite these challenges, the company remains optimistic, citing strong demand, substantial new orders, and a solid backlog. The updated full-year 2024 guidance anticipates total company revenue of $1.22 to $1.26 billion, with adjusted EBITDA projected between $230 to $250 million, reflecting confidence in its financial strength and growth potential.

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