Last $34.20 USD
Change Today -0.11 / -0.32%
Volume 27.4K
AIN On Other Exchanges
Symbol
Exchange
New York
As of 11:46 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

albany intl corp-cl a (AIN) Snapshot

Open
$34.22
Previous Close
$34.31
Day High
$34.64
Day Low
$34.20
52 Week High
01/22/14 - $37.69
52 Week Low
04/22/13 - $27.24
Market Cap
1.1B
Average Volume 10 Days
124.6K
EPS TTM
$1.26
Shares Outstanding
28.6M
EX-Date
03/20/14
P/E TM
27.1x
Dividend
$0.60
Dividend Yield
1.74%
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

Safran and Albany International Inaugurate New Plant for 3D Woven RTM Composite Aircraft Engine Parts, in Rochester

Safran and Albany International Corp., inaugurated a new plant in Rochester, New Hampshire, that will produce 3D woven RTM composite parts for aircraft engines. The Rochester operations of Safran and Albany International are located in a new facility, about 300,000 square feet, situated in the Granite State Business Park. The plant, which opened during 2013, was built to produce 3D woven composite parts using RTM technology for aircraft engine parts. A total of 130 people currently are employed at the joint operation, with a total of 400-500 envisioned when full-rate production is attained.

Albany International Corp. Declares Quarterly Dividend, Payable on April 7, 2014

The Board of Directors of Albany International Corp. declared a quarterly dividend of $0.15 per share on the Company's Class A and Class B Common Stock, payable on April 7, 2014, to shareholders of record on March 24, 2014.

Albany International Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for 2014

Albany International Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of $189,639,000 against $194,335,000 a year ago. Operating income was $19,831,000 against $19,665,000 a year ago. Income before income taxes was $15,509,000 against $13,107,000 a year ago. Income from continuing operations was $8,523,000 or $0.26 per share against $7,980,000 or $0.25 per share a year ago. Net income attributable to the company was $8,687,000 or $0.27 per share against $8,218,000 or $0.26 per share a year ago. Net cash used in operating activities was $423,000 against net cash provided by operating activities of $44,785,000 a year ago. Purchases of property, plant and equipment were $15,658,000 against $11,809,000 a year ago. Purchased software was $1,237,000 against $7,000 a year ago. Net debt was $81,834,000. EBITDA was $34,249,000 against $32,833,000 a year ago. Adjusted EBITDA was $33,555,000 against $37,760,000 a year ago. The net income were increased by a net reduction in restructuring costs of $2.1 million and income tax adjustments of $0.6 million, and were decreased by foreign currency revaluation losses of $1.6 million. For the year, the company reported net sales of $757,414,000 against $760,941,000 a year ago. Operating income was $52,091,000 against operating loss of $44,136,000 a year ago. Income before income taxes was $31,076,000 against loss before income taxes of $68,366,000 a year ago. Income from continuing operations was $17,704,000 or $0.55 per share against loss from continuing operations of $40,843,000 or $1.30 per share a year ago. Net income attributable to the company was $17,517,000 or $0.55 per share against $30,977,000 or $0.99 per share a year ago. Net cash provided by operating activities was $62,631,000 against $34,507,000 a year ago. Purchases of property, plant and equipment were $61,844,000 against $37,046,000 a year ago. Purchased software was $2,613,000 against $161,000 a year ago. EBITDA was $108,624,000 against $11,302,000 a year ago. Adjusted EBITDA was $135,395,000 against $145,448,000 a year ago. The company expects expect full-year 2014 sales to grow by roughly 10%, while full-year Adjusted EBITDA has the potential to nearly double. The most important performance milestone for the business will be on-time delivery of parts for LEAP engine tests.

 

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Industry Analysis

AIN

Industry Average

Valuation AIN Industry Range
Price/Earnings 62.4x
Price/Sales 1.4x
Price/Book 2.0x
Price/Cash Flow 62.3x
TEV/Sales 0.7x
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