Aug. 06--Albany International reported second-quarter net sales of $193.5 million, down 2.3 percent from a year ago.
Earnings were reduced by restructuring charges of $2 million and income tax adjustments of $0.8 million, and were increased by an insurance-recovery gain of $1 million and foreign currency revaluation gains of $1 million. In addition, income was reduced by $1.6 million to correct previously reported inventory values/
Albany International is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is a leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.
Albany International is headquartered in Rochester, N.H., and operates 20 plants in 11 countries, including Kaukauna and Menasha.
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