Albany international updates expectations for aerospace business and the company's 2024 full year outlook

Rochester, n.h.--(business wire)--albany international corp. (nyse: ain) announced today that it is providing a preliminary update to its full year outlook largely to reflect revised revenue and profitability expectations for the aerospace business within its engineered composites (aec) segment. following its regular quarterly review of program costs and estimates relative to certain large complex aerospace contracts the company has updated its labor, material input and scrap cost assumptions o.
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