Last $37.64 USD
Change Today +0.18 / 0.48%
Volume 49.7K
AIN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

albany intl corp-cl a (AIN) Snapshot

Open
$37.70
Previous Close
$37.46
Day High
$37.78
Day Low
$37.23
52 Week High
07/1/14 - $39.02
52 Week Low
10/15/14 - $31.92
Market Cap
1.2B
Average Volume 10 Days
102.9K
EPS TTM
$1.39
Shares Outstanding
28.6M
EX-Date
12/19/14
P/E TM
27.0x
Dividend
$0.64
Dividend Yield
1.67%
Current Stock Chart for ALBANY INTL CORP-CL A (AIN)

Related News

No related news articles were found.

albany intl corp-cl a (AIN) Related Businessweek News

No Related Businessweek News Found

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 Corp. Declares Quarterly Dividend on Class A and Class B Common Stock, Payable on January 8, 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 January 8, 2015, to shareholders of record on December 23, 2014.

Safran SA and Albany International, Corp. Open New Production Plant in Eastern France

Safran SA and Albany International Corp. have opened a new production plant in Commercy, eastern France. The plant makes parts for new-generation aircraft engines using an innovative composite material technology. The first application of this new technology is the production of fan blades and cases for the LEAP aircraft engine from CFM International, which will power the next generation of single-aisle commercial jets The LEAP engine incorporates advanced technologies in its aerodynamic design, materials and environmental protection measures. The 3D woven composite parts made by Safran and Albany are very strong and light, which will help reduce the LEAP's fuel consumption by 15% compared with current CFM engines. The manufacturing technology that is being applied here on an industrial scale, and the products designed with this technology, are truly innovative. And this specific capability is the exclusive property of Safran and Albany. Safran and Albany have invested a total of $200 million in these plants.

Albany International Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for 2014

Albany International Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net sales were $179.9 million against $183.1 million last year. Operating income was $19.2 million against $13.3 million last year. Income before income taxes was $18.5 million against $7.1 million last year. Income from continuing operations was $11.8 million or $0.37 per basic and diluted share against $4.7 million or $0.15 per basic and diluted share last year. Net income attributable to the company was $11.8 million or $0.37 per basic and diluted share against $4.7 million or $0.15 per basic and diluted share last year. Net cash provided by operating activities was $22.5 million against $30.7 million last year. Purchases of property, plant and equipment was $18.7 million against $18.4 million last year. Adjusted EBITDA was $33.5 million, compared to $31.9 million last year. Capital spending for equipment and software was $18.9 million. For the nine months, net sales were $553.7 million against $567.8 million last year. Operating income was $58.7 million against $32.3 million last year. Income before income taxes was $55.1 million against $15.6 million last year. Income from continuing operations was $33.6 million or $1.05 per diluted share against $9.2 million or $0.29 per basic and diluted share last year. Net income attributable to the company was $33.7 million or $1.05 per diluted share against $8.8 million or $0.28 per basic and diluted share last year. Net cash provided by operating activities was $64.0 million against $63.1 million last year. Purchases of property, plant and equipment was $46.1 million against $46.2 million last year. Capital spending for equipment and software was $46.6 million, which includes $24.1 million for the Engineered Composites business. Net debt (total debt less cash) increased to $88.2 million from $78.2 million at June 30, 2014, as total cash of $195 million, mostly held outside of the U.S., was negatively affected by about $7 million due to unfavorable changes in foreign currency rates as compared to the end of second quarter. The company continues to expect full year of 2014 spending of $60 to $70 million. The company continues to expect AEC sales to be roughly 10% ahead of full-year 2013 sales. As for the fourth quarter, the company expects both businesses to outperform fourth quarter of 2013. The company continues to expect full-year MC adjusted EBITDA to be comparable to last year.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AIN:US $37.64 USD +0.18

AIN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Interface Inc $16.60 USD +0.21
Kadant Inc $42.59 USD -0.02
Lydall Inc $32.78 USD -0.16
Unifi Inc $30.04 USD -0.20
Xerium Technologies Inc $15.40 USD +0.18
View Industry Companies
 

Industry Analysis

AIN

Industry Average

Valuation AIN Industry Range
Price/Earnings 28.7x
Price/Sales 1.6x
Price/Book 2.2x
Price/Cash Flow 28.4x
TEV/Sales 1.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ALBANY INTL CORP-CL A, please visit www.albint.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.