Albany International sees FY24 adjusted EPS $2.90-$3.40, consensus $3.74

Sees total company revenue between $1.22 billion to $1.26 billion, consensus $1.29B. Sees Effective income tax rate of approximately 27%; Capital expenditures in the range of $90 million to $95 million; Adjusted diluted earnings per share between $2.90 and $3.40, with the second half EPS weighted towards the fourth quarter; Total company Adjusted EBITDA between $230 million to $250 million; Machine Clothing revenue between $740 million to $760 million; Machine Clothing Adjusted EBITDA between $235 million and $245 million; Albany Engineered Composites revenue between $480 million to $500 million; and Albany Engineered Composites Adjusted EBITDA between $65 million to $75 million.