ALBANY INTERNATIONAL CORP. (NYSE:AIN) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On July 13, 2017, Albany International Corp. (the "Company") issued a press release announcing an anticipated second-quarter pre-tax charge of approximately $16 million associated with revisions in the estimated profitability of two contracts in the Albany Engineered Composites segment (AEC).
Item 7.01 Regulation FD Disclosure
A copy of the press release is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being furnished herewith:
99.1News release dated July 13, 2017.
ALBANY INTERNATIONAL CORP /DE/ ExhibitEX-99.1 2 e74867ex99-1.htm NEWS RELEASE Exhibit 99.1 NEWS RELEASE Albany International Announces Anticipated Charge for Revision in Estimated Contract Profitability Sets Q2 Earnings Release and Webcast Dates Rochester,…To view the full exhibit click here
About ALBANY INTERNATIONAL CORP. (NYSE:AIN)
Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications. The segment also supplies customized, consumable fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. Its AEC segment includes Albany Safran Composites, LLC (ASC), in which its customer SAFRAN Group owns interest and provides engineered, advanced composite structures based on its technology to customers in the aerospace and defense industries. The segment also designs, develops and manufactures advanced composite parts for aerospace and other applications, using a range of core technologies. It operates approximately 20 plants in over 10 countries.
