Albany International reports Q4 adjusted EPS 65c, consensus 70c

Reports Q4 revenue $321.21M, consensus $292.32M. Gunnar Kleveland, Albany International’s (AIN) president and CEO said, “We are underway with the previously announced strategic review of our structures assembly business and its associated production site in Salt Lake City, and have engaged an advisor to help guide this transaction. This action will position the remaining Aerospace portfolio to align more closely with our strategic priorities and to pursue growth opportunities where our differentiated technologies provide a clear competitive advantage and stronger returns.”