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Last $36.47 USD
Change Today -0.21 / -0.57%
Volume 56.9K
AIN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

albany intl corp-cl a (AIN) Snapshot

Open
$36.43
Previous Close
$36.68
Day High
$36.67
Day Low
$36.24
52 Week High
04/15/15 - $41.58
52 Week Low
10/15/14 - $31.92
Market Cap
1.2B
Average Volume 10 Days
62.1K
EPS TTM
$1.64
Shares Outstanding
28.8M
EX-Date
06/3/15
P/E TM
22.3x
Dividend
$0.68
Dividend Yield
1.78%
Current Stock Chart for ALBANY INTL CORP-CL A (AIN)

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albany intl corp-cl a (AIN) Details

Albany International Corp. engages in the textile and materials processing businesses worldwide. The company operates through Machine Clothing (MC) and Albany Engineered Composites (AEC) segments. The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts. It also provides customized and consumable fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries; and sells its products directly to customer end-users. The AEC segment offers custom-designed composite structures based on proprietary technology to customers in the aerospace and defense industries. The company was founded in 1895 and is based in Rochester, New Hampshire.

4,000 Employees
Last Reported Date: 02/27/15
Founded in 1895

albany intl corp-cl a (AIN) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $817.0K
Chief Financial Officer and Corporate Treasur...
Total Annual Compensation: $409.0K
President of Machine Clothing
Total Annual Compensation: $658.6K
President of Albany Engineered Composites
Total Annual Compensation: $409.0K
Chief Technology Officer and Senior Vice-Pres...
Total Annual Compensation: $276.0K
Compensation as of Fiscal Year 2014.

albany intl corp-cl a (AIN) Key Developments

Albany International Corp. Enters into A $400 Million Five-Year Revolving Credit Facility Agreement

Albany International Corp. entered into a $400 million, unsecured Five-Year revolving credit facility agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and other lenders. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Co-Lead arrangers and Joint Bookrunners for the syndication of the new agreement. The other lenders participating in the new agreement are Bank of America, N.A.; The Bank of Tokyo - Mitsubishi UFJ Ltd. and Wells Fargo Bank, National Association, (who acted as Documentation Agents); and Branch Banking and Trust Co., TD Bank, N.A., HSBC Bank USA N.A., Nordea Bank Finland Plc, New York Branch, Citizens Bank, N.A., First Niagara Bank, N.A. The new agreement replaced a $330 million five-year facility agreement, with the same agent and many of the same lenders. The new agreement contains customary terms, as well as affirmative covenants, negative covenants and events of default comparable to those in the old agreement. The borrowings are guaranteed by certain of the Registrant's subsidiaries, including all significant U.S. subsidiaries, as were borrowings under the old agreement. The applicable interest rate for borrowings under the new agreement, as well as under the old agreement, is LIBOR plus a spread, based on the registrant’s leverage ratio at the time of borrowing. Spreads under the New Agreement are equal to or lower than under the old agreement. The applicable interest rate for borrowings on June 18 was LIBOR plus 137.5 basis points (or 1.565% for a one-month borrowing), which is equal to the comparable rate under the Old Agreement.

Albany International Corp. Approves Amendments to Certificate of Incorporation

Albany International Corp. announced that at the company's annual meeting of stockholders held on May 29, 2015, security holders voted to approve the adoption of the company's amended and restated certificate of incorporation to clarify and update the provisions related to restrictions on the transfer of the company's Class B Common Stock.

Albany International Corp. Declares Quarterly Dividend on its Class A and Class B Common Stock, Payable on July 8, 2015

The board of directors of Albany International Corp. declared a quarterly dividend of $0.17 per share on the company’s Class A and Class B Common Stock, payable on July 8, 2015, to shareholders of record on June 5, 2015. This represents an increase of $0.01 from the most recent quarterly dividend.

 

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Industry Analysis

AIN

Industry Average

Valuation AIN Industry Range
Price/Earnings 27.2x
Price/Sales 1.6x
Price/Book 2.4x
Price/Cash Flow 27.2x
TEV/Sales 1.0x
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