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Spirit AeroSystems and Albany Engineered Composites Collaborate to Expand Hypersonic Capabilities benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Delta, BC, May 27, 2021 (T-Net) Avcorp Industries Inc. (TSX: AVP) today announced its financial results for the quarter ended March 31, 2021. All amounts are in Canadian currency unless otherwise stated. 2021 First Quarter Highlights First quarter 2021 revenue was $23,933,000 compared to $40,205,000 in 2020. 2021 revenue decreased by $16,272,000, in comparison to 2020. Revenue was affected by lower customer requirements due to the Coronavirus ( COVID-19 ). First quarter 2021 net income was $17,390,000 compared to net loss of $10,414,000 in 2020. The net income in the first quarter of 2021 was supported by the accommodation agreement. On March 12, 2021, the Company entered into a multiparty amended and restated Accommodation Agreement with a customer and Panta Canada B.V. ....
Share: The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.20 per share on the Company s Class A and Class B Common Stock, payable July 8, 2021, to shareholders of record on June 7, 2021. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world s leading producer of fabrics and process belts used in the manufacture of all grades of paper products. Albany Engineered Composites is a rapidly growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs more than 4,000 people worldwide, and is listed on the New York S ....
Operator Ladies and gentlemen, thank you for standing by. Welcome to the Albany International First Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to your host, Director of Investor Relations, Mr. John Hobbs. Please go ahead John Hobbs Director of Investor Relations Thank you, Greg, and good morning, everyone. Welcome to Albany International s First Quarter 2021 Conference Call. As a reminder, for those of you listening on the call today, please refer to our press release issued last night detailing our quarterly financial results. Contained in the text of the release are certain information regarding our forward-looking statements, and the use of non-GAAP financial measures and their associated reconciliation to GAAP. For the purposes of this conference call, those same statements apply to our verbal comments we make this morning. Today, we will make statements that are forward-looking that contain a n ....
Operator And ladies and gentlemen, thank you for standing by. Welcome to the Albany International Fourth Quarter Earnings 2020 Conference Call. [Operator Instructions] I would now like to turn the conference over to John Hobbs, the Director of Investor Relations. Please go ahead, sir. John Hobbs Director of Investor Relations Thank you, Brad, and good morning, everyone. Welcome to Albany International s Fourth Quarter 2020 Conference Call. As a reminder for those listening on the call, please refer to our detailed press release issued last night regarding our quarterly financial results with particular reference to the notice contained in the text of the release about our forward-looking statements that use and the use of certain non-GAAP financial measures and their associated reconciliation to GAAP. For the purposes of this conference call, those same statements apply to our verbal remarks this morning where we will make statements that are forward-looki ....