Q4 Rundown: Albany (NYSE:AIN) Vs Other General Industrial Machinery Stocks

Q4 Rundown: Albany (NYSE:AIN) Vs Other General Industrial Machinery Stocks

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the general industrial machinery stocks, including Albany (NYSE:AIN) and its peers.

Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.

The 15 general industrial machinery stocks we track reported a slower Q4. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was 2.5% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17.8% since the latest earnings results.

Albany (NYSE:AIN)

Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries.

Albany reported revenues of $286.9 million, down 11.3% year on year. This print fell short of analysts’ expectations by 4.2%. Overall, it was a disappointing quarter for the company with full-year revenue guidance missing analysts’ expectations.

"We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer.

Q4 Rundown: Albany (NYSE:AIN) Vs Other General Industrial Machinery Stocks

Albany delivered the slowest revenue growth of the whole group. The stock is down 17.1% since reporting and currently trades at $65.38.

Read our full report on Albany here, it’s free .

Best Q4: GE Aerospace (NYSE:GE)

One of the original 12 companies on the Dow Jones Industrial Average, General Electric (NYSE:GE) is a multinational conglomerate providing technologies for various sectors including aviation, power, renewable energy, and healthcare.

GE Aerospace reported revenues of $10.81 billion, up 14.3% year on year, outperforming analysts’ expectations by 13.7%. The business had a stunning quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Q4 Rundown: Albany (NYSE:AIN) Vs Other General Industrial Machinery Stocks

GE Aerospace delivered the fastest revenue growth among its peers. The stock is down 2.2% since reporting. It currently trades at $184.26.

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