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Jan. 17, 2006, 10:10 a.m. EST

Albany Intl expects Q4 earnings at 36c

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By Thomas Middleton

AIN

NEW YORK (MarketWatch) -- Albany International Corp. /zigman2/quotes/208627197/composite AIN +1.62% said Tuesday it expects fourth-quarter earnings of about 36 cents a share, including 20 cents in restructuring charges and an 8 cent gain on tax adjustments. The Albany, N.Y., company said it earned 38 a share in the 2004 fourth quarter. The company said fourth-quarter sales increased 4% to $247.9 million. The company also said it expects full-year earnings of about $2.18 a share. Meanwhile, the board also authorized the repurchase of up to 3.5 million Class A common shares.

/zigman2/quotes/208627197/composite
US : U.S.: NYSE
$ 48.86
+0.78 +1.62%
Volume: 248,324
Aug. 3, 2020 4:00p
P/E Ratio
14.28
Dividend Yield
1.56%
Market Cap
$1.56 billion
Rev. per Employee
$223,291
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