February 5, 2018 / 10:12 PM / 6 months ago

CORRECTED-(OFFICIAL)-BRIEF-Albany International Q4 EPS $0.18

(In Feb. 5 BRIEF, corrects EPS to $0.18 from $0.12 and adjusted EPS to $0.44 from $0.43 after the company amended its numbers) Albany International Corp:

* ALBANY INTERNATIONAL REPORTS FOURTH-QUARTER RESULTS

* Q4 SALES ROSE 6.4 PERCENT TO $226.7 MILLION

* Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.44 EXCLUDING ITEMS

* OLIVIER JARRAULT HAS BEEN NAMED PRESIDENT AND CHIEF EXECUTIVE OFFICER TO SUCCEED JOSEPH G. MORONE

* DISCRETE TAX ITEMS & EFFECT OF CHANGE IN ESTIMATED INCOME TAX RATE INCREASED INCOME TAX EXPENSE BY $6.8 MILLION IN Q4 2017

* ESTIMATE 2018 TAX RATE ON INCOME FROM CONTINUING OPERATIONS TO BE IN RANGE OF 27% TO 31%

* AS FOR OUTLOOK FOR 2018, EXPECT 20% TO 30% GROWTH IN FULL-YEAR SALES Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below