Albany International

Albany International Corp. engages in textiles and materials processing. It operates through the following segments: Machine Clothing and Albany Engineered Composites. The Machine Clothing segment supplies fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. The Engineered Composites segment provides composite structures to customers in the commercial and defense aerospace industries. The firm offers regular fabric, consultative, diagnostic, and project specific services. The company was founded on March 8, 1895 and is headquartered in Rochester, NH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Albany International (AIN) reports robust 2022 performance amidst challenges

Albany International (AIN) navigated 2022's challenges well, showcasing resilience and strategic foresight. Strong financial performance, focus on innovation, and operational excellence position AIN for sustained growth. Addressing supply chain issues, managing costs, and seizing growth opportunities will be key focus areas for AIN in 2023.

Albany International posts robust Q1 results, eyes growth opportunities ahead

Albany International delivered strong Q1 results, driven by growth in Engineered Composites and robust profitability in Machine Clothing.
Strategic investments in innovation and partnerships position the company well for future growth and market leadership.
While facing leadership transition challenges, Albany International remains optimistic about its future prospects and maintaining financial guidance for 2023.

Albany International (AIN) reports strong Q2 results and strategic acquisitions

Albany International (AIN) delivered solid Q2 performance with revenue growth, strong margins, and strategic acquisitions driving future growth.
While facing CEO succession challenges and nonoperational impacts on EPS, the company's focus on operational efficiency and growth segments positions it well for the future.
With raised full-year guidance and promising acquisitions, Albany International is poised for continued success in specialized manufacturing markets.

Albany International (AIN) reports strong Q3 earnings and growth outlook

Albany International's Q3 performance reflects steady growth, operational efficiency, and strategic acquisitions. The company's focus on innovation, customer service, and financial strength positions it well for future opportunities in the aerospace and industrial sectors.

Albany International (AIN) reports strong Q4 performance and optimistic 2024 outlook

Albany International's Q4 2023 performance reflects robust financial growth, driven by revenue increases and improved EBITDA.
The company's strategic focus on operational excellence and customer satisfaction underscores its commitment to long-term success.
While facing challenges in maintaining growth and integrating acquisitions, Albany International remains optimistic about its 2024 outlook and growth prospects.

Albany International (AIN) reports stellar Q1 results and eyes strategic growth

Albany International (AIN) showcased a strong Q1 2024 performance, driven by robust sales growth in Machine Clothing and Engineered Composites segments, alongside operational efficiency improvements.
While facing challenges such as flat revenue expectations in the LEAP program and cash flow utilization, the company's strategic focus on profitability and operational enhancements positions it well for future growth.
By capitalizing on strengths like high-margin segments and significant contract wins, Albany International (AIN) can navigate challenges, leverage opportunities, and sustain its positive momentum.

Albany International (AIN) reports strong Q2 results and reaffirms 2024 outlook

Albany International (AIN) showcased robust financial performance in Q2 2024, driven by strong results in key segments.
Despite challenges like LEAP program adjustments, the company's strengths in net sales and EBITDA margins stand out.
Opportunities lie in market expansion, revenue diversification, and strategic leadership changes to drive future growth.
Overall, Albany International's reaffirmed 2024 outlook reflects confidence in navigating market conditions and program performance.

Albany International posts strong Q3 results, eyes growth opportunities ahead

Albany International (AIN) delivered a solid performance in Q3 2024, with strong revenues and free cash flow, despite facing challenges in certain regions and segments.
The company's focus on operational adjustments, integration efforts, and margin improvements bode well for future growth and stability.
Investors can look forward to the upcoming Investor Day for detailed insights on leadership, long-term guidance, and growth strategies.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today published its 2022 Sustainability Report, which expands on the Company's previous reporting and disclosures. This enhanced reporting reflects Albany International's ongoing commitment to its three core sustainability pillars of: accountability for its role as an environmental steward, respect for its people and communities, and integrity in how the business is governed. The 2022 Sustainability Report again includes di.

Albany International Issues 2022 Sustainability Report

Albany International Corp. (AIN) Q1 2023 Earnings Call Transcript.

Albany International Corp. (AIN) Q1 2023 Earnings Call Transcript

Albany International (AIN) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.91 per share a year ago.

Albany International (AIN) Q1 Earnings and Revenues Surpass Estimates

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) has received a $4 million contract award from the U.S. Army in support of hypersonic development. AEC will be utilizing its proprietary and fully industrialized near-net shape 3D weaving technology to further develop thermal protection systems for hypersonic applications. When compared to competing technologies, AEC's near-net shape 3D weaving technolog.

Albany Engineered Composites Awarded Army Contract to Develop Near-net Shape 3D Weaving Technology for Hypersonic Applications

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2023, which ended March 31, 2023. "We are pleased to report another strong quarter,” said Albany International President and Chief Executive Officer, Bill Higgins. "Both of our businesses segments performed well and are on-track with their near-term and strategic plans. "Our revenue of $269 million was up $25 million or 10% year-over-year. Engineered Composites grew.

Albany International Reports First-Quarter 2023 Results

ABM Industries

Avient Corp

Bristol-Myers

Broadridge Financial

Brady Corporation

Chubb

Comcast

Chesapeake Utilities

Cisco Systems

Dollar General

Quest Diagnostics

Eastman Chemical

Erie Indemnity

Evans Bancorp

First Bancorp

Glacier Bancorp

Getty Realty

Horizon

Hartford Financial Services Group

Hamilton Lane

H&R Block

International Flavors & Fragrances

Independent Bank

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.

Dividend Champion, Contender, And Challenger Highlights: Week Of April 2

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, 2023. The Company further announced that its Board of Directors has appointed Robert D. Starr as Chief Financial Officer and Treasurer to succeed Mr. Nolan, effective April 10, 2023. Mr. Nolan has informed the Company that he has accepted an opportunity at a private company.

Albany International Announces CFO Transition

ROCHESTER, N. H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) President and CEO, Bill Higgins, will speak at the J.P. Morgan Industrials Conference on Thursday, March 16, 2023 at 2:10 p.m. Eastern Time. Interested parties are invited to listen to the webcast via the Company's Investor Relations website at investors.albint.com. A replay of the webcast will be available on the website for 30 days following the event. About Albany International Corp.

Albany International to Present at the J.P. Morgan Industrials Conference March 16

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that President and CEO Bill Higgins has notified the company's Board of Directors of his desire to retire. The Company's Board of Directors has retained executive search firm Spencer Stuart to begin a search for Mr. Higgins' successor. Mr. Higgins will continue in his role as CEO until his successor is in place. “I am proud to have led Albany during the past three years.

Albany International Announces CEO Succession Plan

Arbor Realty Trust

Agree Realty

Ameren

AGCO

Federal Agricultural

Assurant

Arthur J. Gallagher & Co.

Air Lease

Albemarle

Allegion

Alerus Financial Corp

Applied Materials

American National Bankshares

Amphenol

Arrow Financial

Associated Banc-Corp

Ashland Global Hlds

Atrion

Avista

Avnet

Avery Dennison

Armstrong World Industries

Brunswick

Bar Harbor Bankshares

Dividend Champion, Contender, And Challenger Highlights: Week Of March 12

Advanced Micro Devices

ArcBest

AMD, ARCB and AIN have been added to the Zacks Rank #5 (Strong Sell) List on March 9, 2023.

New Strong Sell Stocks for March 9th

Albany is executing a promising long-term strategy, but investors need to see more growth to support the stock's valuation.

Why Albany International Stock Was Falling Today

Albany International Corp. (NYSE:AIN ) Q4 2022 Earnings Conference Call February 14, 2023 9:00 AM ET Company Participants John Hobbs – Director-Investor Relations Bill Higgins – President and Chief Executive Officer Stephen Nolan – Chief Financial Officer Conference Call Participants Peter Arment – Baird Gautam Khanna – Cowen Sam Yellen – J.P. Morgan Pete Skibitski – Alembic Global Michael Ciarmoli – Truist Securities Operator Ladies and gentlemen, thank you for standing by.

Albany International Corp. (AIN) Q4 2022 Earnings Call Transcript

Albany International (AIN) delivered earnings and revenue surprises of 7.14% and 12.41%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Albany International (AIN) Beats Q4 Earnings and Revenue Estimates

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its fourth quarter of 2022, which ended December 31, 2022. "We are pleased to report another strong quarter to close 2022," said Bill Higgins, President and Chief Executive Officer. "Our teams successfully addressed multiple challenges throughout the past year.

Albany International Reports Fourth-Quarter 2022 Results

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) Chief Financial Officer and Treasurer, Stephen Nolan, will speak at the Cowen 44th Annual Aerospace/Defense and Industrials Conference on Thursday, February 16, 2023 at 10:00 a.m. Eastern Time. Interested parties are invited to listen to the webcast via the Company's Investor Relations website at investors.albint.com. A replay of the webcast will be available on the website for 90 days following the event.

Albany International to Present at the Cowen 44th Annual Aerospace/Defense and Industrials Conference

Albany International (AIN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Albany International (AIN) Upgraded to Strong Buy: Here's What You Should Know

Here is how Albany International (AIN) and Applied Industrial Technologies (AIT) have performed compared to their sector so far this year.

Are Industrial Products Stocks Lagging Albany International (AIN) This Year?

ROCHESTER, N.H.--( BUSINESS WIRE )--The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.25 per share on the Company's Class A Common Stock, an increase of 19% over the prior quarterly dividend of $0.21. The dividend is payable January 9, 2023, to shareholders of record on December 27, 2022.

Albany International Increases Dividend

Here is how Albany International (AIN) and O-I Glass (OI) have performed compared to their sector so far this year.

Is Albany International (AIN) Stock Outpacing Its Industrial Products Peers This Year?

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.

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

Albany International (AIN) delivered earnings and revenue surprises of 36.90% and 6.48%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Albany International (AIN) Q3 Earnings and Revenues Top Estimates

Albany International Reports Third-Quarter 2022 Results

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

After Golden Cross, Albany International (AIN)'s Technical Outlook is Bright

Is Albany International (AIN) Outperforming Other Industrial Products Stocks This Year?

News for Albany International Stock (AIN)