Albany International: Q2 Earnings Snapshot

Albany International Corp. reported second-quarter net income of $17.4 million (61 cents per share) with adjusted earnings of 82 cents per share. The company generated $329.5 million in revenue and forecasts third-quarter earnings of 60–70 cents per share with revenue between $320 million and $330 million. Its stock has risen 48% this year and 34% over the last 12 months.