PORTSMOUTH, N.H. (AP) 鈥� PORTSMOUTH, N.H. (AP) 鈥� Albany International Corp. (AIN) on Tuesday reported second-quarter net income of $17.4 million.
The Portsmouth, New Hampshire-based company said it had net income of 61 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 82 cents per share.
The textile and composite maker posted revenue of $329.5 million in the period.
For the current quarter ending in September, Albany International expects its per-share earnings to range from 60 cents to 70 cents.
The company said it expects revenue in the range of $320 million to $330 million for the fiscal third quarter.
Albany International shares have risen 48% since the beginning of the year. The stock has risen 34% in the last 12 months.
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