Albany International Announces Successful Completion of its Strategic Review and Schedules Investors Call
Albany International concluded its strategic review of the Salt Lake City facility, deciding to retain the site after securing amended terms with Sikorsky for the CH-53K program and a contract extension with Boeing for the 787 Dreamliner. The amended CH-53K contract reverses a previously projected reach-forward loss and is expected to generate positive cash flow starting in 2027, stabilizing production for the heavy lift helicopter.
Key figures
- Guidance
- Q3 revenue $320M-$330M, Adjusted EPS $1.40-$1.50; Q4 revenue $325M-$335M, Adjusted EPS $0.65-$0.75
- Effective tax rate q3
- 31.5%
- Effective tax rate q4
- 31.5%
- Q3 adj eps guidance new
- $1.40 - $1.50
- Q3 adj eps guidance prior
- $0.60 - $0.70
- Q3 revenue machine clothing
- $165 million - $170 million
- Q4 revenue machine clothing
- $170 million - $175 million
- Q3 revenue engineered composites
- $155 million - $160 million
- Q4 revenue engineered composites
- $155 million - $160 million
AI analysis
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