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Albany International Corp   (NYSE: AIN)
Other Ticker:  
 
 
Price: $67.9600 $0.61 0.906%
Day's High: $68.4 Week Perf: -0.79 %
Day's Low: $ 67.38 30 Day Perf: -2.07 %
Volume (M): 645 52 Wk High: $ 95.47
Volume (M$): $ 43,834 52 Wk Avg: $78.23
Open: $67.84 52 Wk Low: $57.71



 Market Capitalization (Millions $) 2,106
 Shares Outstanding (Millions) 31
 Employees 4,500
 Revenues (TTM) (Millions $) 1,206
 Net Income (TTM) (Millions $) 78
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) 70

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: 330-5850   Stock Exchange / Ticker: NYSE AIN


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

-55.26 %

5.74 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HXL   -0.66%    
MMM        1.2% 
OC   -1.96%    
• View Complete Report
   



Business Update

Albany International Secures Seven-Year Contract with Bell Textron, Shares Struggle in Market Performance,

Published Wed, Apr 30 2025 10:39 AM UTC

Albany International Corp. made an important announcement this month regarding its subsidiary, Albany Engineered Composites, Inc. (AEC), which has been awarded a substantial seven-year contract with Bell Textron, Inc. (Bell). This deal entails the production of 525 composite components, marking a significant partnership for both companies. The contract is poised to enhance A...

Business Update

Ascending to New Heights Albanys Strategic Alliance with Bell Textron Paves the Way for Composite Innovation,

Published Tue, Apr 29 2025 10:33 PM UTC

Composite Innovations Take Flight: Albany Engineered Composites Secures Strategic Partnership with Bell Textron In a significant development for the aerospace and composites industries, Albany Engineered Composites, Inc. (AEC), a subsidiary of Albany International Corp. (NYSE: AIN), has secured a prestigious seven-year contract with Bell Textron, Inc. This landmark agreement...

Business Update

Albany International Corp. Streamlines Global Manufacturing Operations Amid Strategic Restructuring

Published Fri, Nov 15 2024 1:56 PM UTC

Albany International Corp. (NYSE: AIN), a leading advanced textiles and materials processing company, has announced a strategic shift in its global manufacturing operations designed to optimize efficiencies and streamline production capacity. The company revealed plans to consolidate its manufacturing footprint, particularly focusing on the restructuring of its European oper...

Business Update

Albany International?s Strategic Realignments A Commitment to Sustainability Amidst Operational Shifts

Published Fri, Oct 11 2024 5:13 AM UTC

Albany International Corp. (NYSE: AIN), a key player in engineered textiles and aerospace materials, has set a significant precedent in corporate responsibility with its newly published 2023 Taskforce on Climate-related Financial Disclosures (TCFD) report. This initiative comes at a critical juncture for businesses worldwide as the need for transparency in climate-related ri...

Business Update

Albany Internationals 2023 TCFD Report Charting a Sustainable Future Amid Climate Change Challenges

Published Thu, Oct 10 2024 9:36 PM UTC

In a significant step toward environmental accountability, Albany International Corp. (NYSE: AIN) has unveiled its 2023 Taskforce on Climate-related Financial Disclosures (TCFD) Report, highlighting its fortified commitment to embracing a sustainable future. From the serene shores of Rochester, New Hampshire, the aerospace and textile giant continues to position itself as a ...







Albany International's Segments
Machine Clothing    60.56 % of total Revenue
Albany Engineered Composites    39.54 % of total Revenue
Point in Time Revenue Recognition    61.62 % of total Revenue
Over Time Revenue Recognition    38.48 % of total Revenue
Machine Clothing Point in Time Revenue Recognition    60.2 % of total Revenue
Machine Clothing Over Time Revenue Recognition    0.35 % of total Revenue
Albany Engineered Composites Point in Time Revenue Recognition    1.41 % of total Revenue
Albany Engineered Composites Over Time Revenue Recognition    38.13 % of total Revenue
ASC    13.49 % of total Revenue
ASC Over Time Revenue Recognition    13.49 % of total Revenue
Other AEC    26.05 % of total Revenue
Other AEC Point in Time Revenue Recognition    1.41 % of total Revenue
Other AEC Over Time Revenue Recognition    24.64 % of total Revenue
Machine Clothing Americas PMC    28.72 % of total Revenue
Machine Clothing Eurasia PMC    23.64 % of total Revenue
Machine Clothing Engineered Fabrics    8.2 % of total Revenue





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