Local News

Albany International Reports First Quarter Results


Albany International employs about 50 at its plant in Homer making the raw filament used in the company’s Machine Clothing products.

Just out are operating results for the first quarter of 2022. The company ceased doing business in Russia, exiting a very small joint venture in its Machine Clothing segment. Even with that, Machine Clothing sales increased 5.7%. Other reports: Operating income was slightly lower than the year-ago level. Net sales were $244.2 million, up 10% compared to the prior year, again led by the Machine Clothing segment. Gross profit was 3% higher in the same period of 2021. Operating income was down 7%.

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