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Last $39.68 USD
Change Today 0.00 / 0.00%
Volume 106.7K
AIN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

albany intl corp-cl a (AIN) Snapshot

Open
$39.48
Previous Close
$39.68
Day High
$39.84
Day Low
$39.38
52 Week High
03/23/15 - $40.09
52 Week Low
10/15/14 - $31.92
Market Cap
1.3B
Average Volume 10 Days
92.6K
EPS TTM
$1.48
Shares Outstanding
28.6M
EX-Date
03/19/15
P/E TM
26.8x
Dividend
$0.64
Dividend Yield
1.61%
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: $811.0K
Chief Financial Officer and Corporate Treasur...
Total Annual Compensation: $391.3K
President of Machine Clothing
Total Annual Compensation: $632.2K
President of Albany Engineered Composites
Total Annual Compensation: $376.2K
Chief Technology Officer and Senior Vice-Pres...
Total Annual Compensation: $268.0K
Compensation as of Fiscal Year 2013.

albany intl corp-cl a (AIN) Key Developments

Albany International Corp. Declares Quarterly Dividend on its Class A and Class B Common Stock, Payable on April 7, 2015

The board of directors of Albany International Corp. declared a quarterly dividend of $0.16 per share on the Company's Class A and Class B Common Stock, payable on April 7, 2015, to shareholders of record on March 23, 2015.

Albany International Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Albany International Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $191,659,000 against $189,639,000 a year ago. Operating income was $12,624,000 against $19,831,000 a year ago. Income before income taxes was $12,421,000 against $15,509,000 a year ago. Income from continuing operations was $8,105,000 or $0.25 per basic and diluted share against $8,523,000 or $0.26 per basic and diluted share a year ago. Net income attributable to the company was $7,917,000 or $0.25 per basic and diluted share against $8,687,000 or $0.27 per basic and diluted share a year ago. Net cash provided by operating activities was $20,196,000 against net cash used in operating activities of $423,000 a year ago. Purchases of property, plant and equipment were $12,118,000 against $15,658,000 a year ago. Purchased software was $145,000 against $1,237,000 a year ago. Net debt was $92,970,000 compared to $81,834,000 a year ago. EBITDA was $31,564,000 against $34,249,000 a year ago. Adjusted EBITDA was $36,257,000 against $33,555,000 a year ago. Capital spending for equipment and software was $12.3 million, bringing the full-year total to $58.9 million. Basic net income attributable to the company, excluding adjustments were $1.44 per share compared to $1.00 a year ago. MC adjusted EBITDA was essentially flat in the quarter compared to last year, while AEC adjusted EBITDA improved, principally due to the higher sales. For the year, the company reported net sales of $745,345,000 against $757,414,000 a year ago. Operating income was $71,360,000 against $52,091,000 a year ago. Income before income taxes was $67,500,000 against $31,076,000 a year ago. Income from continuing operations was $41,749,000 or $1.30 per diluted share against $17,704,000 or $0.55 per basic and diluted share a year ago. Net income attributable to the company was $41,569,000 or $1.30 per diluted share against $17,517,000 or $0.55 per basic and diluted share a year ago. Net cash provided by operating activities was $84,196,000 against $62,631,000 a year ago. Purchases of property, plant and equipment were $58,224,000 against $61,844,000 a year ago. Purchased software was $649,000 against $2,613,000 a year ago. EBITDA was $142,505,000 against $108,624,000 a year ago. Adjusted EBITDA was $144,807,000 against $135,395,000 a year ago. Basic net income attributable to the company, excluding adjustments were $0.35 per share compared to $0.24 a year ago. For the year 2015, the outlook is for comparable performance to 2014, the year ahead will be a pivotal one for the long-term prospects of both their businesses. The company expects 2015 to be similar to 2014. The company expects machine clothing adjusted EBITDA in 2015 to be comparable to 2014 and 2015 AEC sales to be 5% to 10% ahead of 2014 sales, with a steadier run rate than they experienced in 2014.

Albany International Corp. to Report Q4, 2014 Results on Feb 09, 2015

Albany International Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 09, 2015

 

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Industry Analysis

AIN

Industry Average

Valuation AIN Industry Range
Price/Earnings 30.5x
Price/Sales 1.7x
Price/Book 2.5x
Price/Cash Flow 30.4x
TEV/Sales 1.1x
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