Albany International: Q3 Earnings Snapshot

PORTSMOUTH, N.H. (AP) — PORTSMOUTH, N.H. (AP) — Albany International Corp. (AIN) on Wednesday reported third-quarter net income of $41.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Portsmouth, New Hampshire-based company said it had net income of $1.46. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.68 per share.

The textile and composite maker posted revenue of $349.5 million in the period.

For the current quarter ending in December, Albany International expects its per-share earnings to range from 65 cents to 75 cents.

The company said it expects revenue in the range of $325 million to $335 million for the fiscal fourth quarter.

Albany International shares have climbed 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.47, a climb of slightly more than 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIN at https://www.zacks.com/ap/AIN