Albany International Reaffirms Q3 Revenue Range $320M - $330M, Raises Adjusted EPS Range From $0.60 - $0.70 To $1.40 - $1.50; Expects Q4 Adjusted EPS Range $0.65 - $0.75, Revenue Range $325M - $335M
Albany International Corp. (NYSE:AIN) today announced the completion of the strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah. Following new business wins, a renegotiated Boeing 787 contract
Albany International won new business and made a better Boeing deal, so they're now expecting to earn much more money than they thought before—about double their earlier profit forecast. When a company raises its earnings goals like this, it usually means things are going better than expected, which is worth noticing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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