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Albany International Corp   (AIN)
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Price: $92.1800 $0.70 0.765%
Day's High: $92.375 Week Perf: -2.94 %
Day's Low: $ 90.90 30 Day Perf: 2.15 %
Volume (M): 298 52 Wk High: $ 99.41
Volume (M$): $ 27,433 52 Wk Avg: $89.80
Open: $90.90 52 Wk Low: $78.20



 Market Capitalization (Millions $) 2,885
 Shares Outstanding (Millions) 31
 Employees 3,900
 Revenues (TTM) (Millions $) 1,148
 Net Income (TTM) (Millions $) 112
 Cash Flow (TTM) (Millions $) -118
 Capital Exp. (TTM) (Millions $) 84

Albany International Corp
Albany International Corp. and its subsidiaries are engaged in two business segments.

The Machine Clothing (MC) segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel pulp, nonwovens, fiber cement and several other industrial applications.

We design, manufacture, and market paper machine clothing for each section of the paper machine and for every grade of paper. We manufacture and sell approximately twice as much paper machine clothing worldwide than any other company. Paper machine clothing products are customized, consumable products of technologically sophisticated design that utilize polymeric materials in a complex structure. The design and material composition of paper machine clothing can have a considerable effect on the quality of paper products produced and the efficiency of the paper machines on which it is used. Principal products in the paper machine clothing segment include forming, pressing, and dryer fabrics, and process belts. A forming fabric assists in paper sheet formation and conveys the very wet sheet (more than 75% water) through the forming section. Press fabrics are designed to carry the sheet through the press section, where water is pressed from the sheet as it passes through the press nip. In the dryer section, dryer fabrics manage air movement and hold the sheet against heated cylinders to enhance drying. Process belts are used in the press section to increase dryness and enhance sheet properties, as well as in other sections of the machine to improve runnability and enhance sheet qualities.

The Machine Clothing segment also supplies customized, consumable fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries.

We sell our Machine Clothing products directly to customer end-users. Our products, manufacturing processes, and distribution channels for Machine Clothing are substantially the same in each region of the world in which we operate. The sales of paper machine clothing forming, pressing, and dryer fabrics, individually and in the aggregate, accounted for more than 10 percent of our consolidated net sales during one or more of the last three years.

The Albany Engineered Composites (AEC) segment, including Albany Safran Composites, LLC (ASC), in which our customer SAFRAN Group owns a 10 percent noncontrolling interest, provides highly engineered, advanced composite structures based on proprietary technology to customers in the aerospace and defense industries. AEC’s largest program relates to CFM International’s LEAP engine, which is scheduled to enter into service in 2016. AEC, through ASC, is the exclusive supplier to this program of advanced composite fan blades and cases under a long-term supply contract.

We invest in research, new product development, and technical analysis with the objective of maintaining our technological leadership in each business segment. While much of our research activity supports existing products, we also engage in significant research and development activities for new technology platforms, products and product enhancements.


Machine Clothing is custom-designed for each user, depending on the type, size, and speed of the machine, and the products being produced. Product design is also a function of the machine section, the grade of product being produced, and the quality of the stock used. Technical expertise, judgment, and experience are critical in designing the appropriate clothing for machine, position, and application. As a result, we employ highly skilled sales and technical service personnel who work directly with each customer’s plant operating management. Our technical service programs give our service engineers field access to the measurement and analysis equipment needed for troubleshooting and application engineering in many areas. Sales, service, and technical expenses are major cost components of the Company. Many employees in sales and technical functions have engineering degrees, paper mill experience, or other manufacturing experience in the markets in which they operate. Our market leadership position reflects our commitment to technological innovation. This innovation has resulted in a stream of new Machine Clothing products and enhancements, including the INLINE forming fabric family including KRAFTLINE and PRINTLINE; press fabrics such as HYDROCROSS, SEAM HYDROCROSS, SEAMPLANE, Seam KMX, and SPRING; process belts such as VENTABELT EVM, VENTABELT XTS and TRANSBELT GX; dryer fabrics such as SPIRALTOP, AEROPULSE and AEROPOINT; DURASPIRAL corrugator belts; and TOPSTAT, SUPRASTAT and NOVALACE fabrics for the nonwovens industry.

Albany Engineered Composites designs, develops and manufactures advanced composite parts for complex aerospace and other high-performance applications, using a range of core technologies, including its proprietary 3D woven reinforced composites technology. AEC is capable of designing and manufacturing 3D composite structures that are reinforced in multiple directions. By controlling the fiber and matrix materials, as well as the weaving architecture, we are able to engineer components that meet specific performance goals while also meeting cost, qualification, certification and production needs. AEC’s other core technologies include traditional and non-traditional 2D laminated composite structures, contour weaving, steered weaving, discrete through-thickness reinforcement technologies (such as Z-fiber™ reinforcements), and sandwich structures (X_COR™, K_COR™ and Ceramic Truss Core or CTC™). AEC’s research and technology team also works actively with existing and potential customers on applications involving other emerging technologies, such as ceramic matrix composites, pin insertion and 3D fiber placement.

 



   Company Address: 216 Airport Drive Rochester 3867 NH
   Company Phone Number: 330-5800   Stock Exchange / Ticker: NYSE AIN
    Next quarterly dividend pay out on April 05, 2024.


Customers Net Income fell by AIN's Customers Net Profit Margin fell to

-37.88 %

8.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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Albany International Corp

Albany International Corp. Continues to Shine with Impressive Top-line Growth in 2023

Albany International Corp., a leading developer and manufacturer of engineered components, recently reported impressive financial results for the fiscal year closing December 31, 2023. The company showed significant improvement, with a 65.43% year-on-year increase in income to $0.97 per share and a 20.417% increase in revenue to $323.66 million.
One notable aspect is that Albany International Corp. has outpaced its peers in the Apparel, Footwear & Accessories sector, which only saw a 1.78% revenue improvement in the same period. This suggests that Albany International Corp. has a strong competitive edge and is able to generate a higher top-line growth compared to its industry counterparts.

Dividend

Albany International Corp. Declares Quarterly Dividend, Shareholders Benefit as Company's Shares Continue to Trend Higher

Published Fri, Feb 23 2024 9:20 PM UTC


Sophisticated
ROCHESTER, N.H. - Albany International Corp. (NYSE: AIN), a leading developer and manufacturer of engineered components, has announced its quarterly dividend of $0.26 per share on the Company's Class A Common Stock. The dividend will be paid on April 5, 2024, to shareholders of record as of March 15, 2024. This news has come amidst a period of signifi...

Management Changes

Albany International Corp.: Reinvigorating Leadership and Navigating Financial Performance for a Promising Future

Published Fri, Feb 23 2024 9:19 PM UTC

1. Article for Forbes Magazine: Assessing the Impact of Recent Board Appointments and Financial Performance on Albany International Corp.
Albany International Corp. (NYSE:AIN) has recently made significant changes to its Board of Directors, with the election of Bonnie C. Lind and the appointment of John R. Scannell as Chairman. These moves signal a shift in the company's...

Dividend

Albany International Corp. Boosts Dividend, Demonstrating Confidence in Future Growth.

Published Fri, Dec 8 2023 9:20 PM UTC

Albany International Corp. Increases Dividend, Reflecting Positive Outlook for Shareholders
Rochester, N.H. - In a recent press release, Albany International Corp. (NYSE: AIN), a leading developer and manufacturer of engineered components, announced an increase in its quarterly dividend for its Class A Common Stock. The Board of Directors has declared a dividend of $0.26...

Albany International Corp

Albany International Corp Shines with Impressive Profitability Surge and Revenue Growth in Fiscal Year Ending September 30, 2023

The stock market has seen a pleasing surge during the third quarter of the 2023 earnings season, with revenue increasing by an impressive 7.78%. The Apparel, Footwear & Accessories company has been a standout in this period, posting a remarkable profitability advance of 155.88%, reaching $0.87 per share compared to $0.34 in the prior year's quarter.
Furthermore, net income has experienced a substantial growth of 150.89%, amounting to $27.154 million in the third quarter of 2023 earnings season, as compared to $10.823 million in the same period of the previous year. These figures serve as a testament to the company's strong performance and ability to generate consistent profits.






 

Albany International's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Albany International does not provide revenue guidance.

Earnings Outlook
Albany International Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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