Last $34.15 USD
Change Today -0.54 / -1.56%
Volume 59.9K
AIN On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

albany intl corp-cl a (AIN) Snapshot

Open
$34.86
Previous Close
$34.69
Day High
$34.86
Day Low
$34.10
52 Week High
07/1/14 - $39.02
52 Week Low
10/15/14 - $31.92
Market Cap
1.1B
Average Volume 10 Days
82.9K
EPS TTM
$1.17
Shares Outstanding
28.6M
EX-Date
09/4/14
P/E TM
29.1x
Dividend
$0.64
Dividend Yield
1.82%
Current Stock Chart for ALBANY INTL CORP-CL A (AIN)

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albany intl corp-cl a (AIN) Details

Albany International Corp. is engaged in the textile and materials processing businesses worldwide. The company operates in two segments, Machine Clothing and Engineered Composites. The Machine Clothing segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts. This segment also provides consumable fabrics used to process paper pulp; engineered fabrics; belts used to make nonwovens; fiber cement building products; roofing shingles; and corrugated sheets used in boxboard, as well as belts used in tannery and textile applications. It sells its products directly to customer end-users, which include paper industry companies, nonwovens manufacturers, and building products companies. The Engineered Composites 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.

4,100 Employees
Last Reported Date: 02/26/14
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 Declares Dividend

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 October 7, 2014, to shareholders of record on September 8, 2014.

Albany International Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditures Guidance for the Full Year of 2014 and 2018

Albany International Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $193,518,000 against $197,974,000 a year ago. Operating income was $18,977,000 against operating loss of $3,513,000 a year ago. Income before income taxes was $18,393,000 against loss before income taxes of $9,271,000 a year ago. Income from continuing operations was $11,177,000 or $0.35 per basic and diluted share against loss from continuing operations of $7,028,000 or $0.22 per basic and diluted share a year ago. Net income was $11,177,000 against net loss of $7,379,000 a year ago. Net income attributable to the company was $11,219,000 or $0.35 per basic and diluted share against loss of $7,379,000 or $0.23 per basic and diluted share a year ago. Net cash provided by operating activities was $32,689,000 against $28,147,000 a year ago. Purchases of property, plant and equipment was $12,799,000 against $14,620,000 a year ago. Purchased software was $21,000 against $555,000 a year ago. EBITDA was $37,207,000 against $10,357,000 a year ago. Adjusted EBITDA was $37,264,000 against $36,122,000 a year ago. The second quarter of 2014 was a strong quarter for the company, because both businesses performed well, and according to its expectation. For the six months, the company reported net sales of $373,825,000 against $384,628,000 a year ago. Operating income was $39,578,000 against $19,005,000 a year ago. Income before income taxes was $36,543,000 against $8,488,000 a year ago. Income from continuing operations was $21,870,000 or $0.68 per diluted share against $4,483,000 or $0.14 per basic and diluted share a year ago. Net income was $21,870,000 against $4,132,000 a year ago. Net income attributable to the company was $21,840,000 or $0.68 per diluted share against $4,132,000 or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $41,537,000 against $32,308,000 a year ago. Purchases of property, plant and equipment was $27,402,000 against $27,808,000 a year ago. Purchased software was $315,000 against $648,000 a year ago. Net debt was $78,225 at June 30, 2014. EBITDA was $74,183,000 against $48,015,000 a year ago. Adjusted EBITDA was $75,048,000 against $69,921,000 a year ago. The company expects full-year capital expenditures spending to total $60 to $70 million, and through 2018, to average about $70 million per year.

Albany International Corp. to Report Q2, 2014 Results on Aug 04, 2014

Albany International Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 04, 2014

 

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AIN

Industry Average

Valuation AIN Industry Range
Price/Earnings 31.8x
Price/Sales 1.5x
Price/Book 2.0x
Price/Cash Flow 31.3x
TEV/Sales 0.8x
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