Albany International Corp. (AIN) Q3 2022 Earnings Call Transcript

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Q3: 2022-10-24 Earnings Summary

EPS of $1.15 beats by $0.29
 | Revenue of $260.56M (12.10% Y/Y) beats by $15.51M

Albany International Corp. (NYSE:AIN) Q3 2022 Earnings Conference Call October 25, 2022 9:00 AM ET

Company Participants

John Hobbs - Director, IR
Bill Higgins - President and CEO
Stephen Nolan - CFO

Conference Call Participants

Peter Arment - Baird
Michael Ciarmoli - Truist Securities
Pete Skibitski - Alembic Global
Gautam Khanna - Cowen

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Albany International Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. Later we'll conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions].

I'd now like to turn the conference over to your host, John Hobbs, Director of Investor Relations. Please go ahead.

John Hobbs

Thank you, Wallace [ph] and good morning, everyone. Welcome to Albany International’s third quarter 2022 conference call. As a reminder for those listing on the call, please refer to our press release issued last night, detailing our quarterly financial results.

Today we will make statements that are forward-looking that contain risks and uncertainties. We'll also reference certain non-GAAP measures on this call. Contained in the text of our press release, is a notice regarding our forward-looking statements and the use of certain non-GAAP financial measures and their associated reconciliation to GAAP. For the purposes of this conference call, the same statements apply to our verbal remarks this morning. Additional details can be found in our SEC filings, including our 10-K.

Now I'll turn the call over to Bill Higgins, our President and Chief Executive Officer who will provide opening remarks. Bill?

Bill Higgins

Thank you, John. Good morning and welcome everyone and thank you for joining our third quarter earnings call. Today, I'll comment on our third quarter business performance with some perspective on our markets and our strategy, and then Stephen will cover

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