Albany International Corp. (AIN)
| Market Cap | 2.74B |
| Revenue (ttm) | 1.15B |
| Net Income (ttm) | 111.12M |
| Shares Out | 31.24M |
| EPS (ttm) | 3.55 |
| PE Ratio | 24.68 |
| Forward PE | 21.92 |
| Dividend | $1.04 (1.19%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 74,370 |
| Open | 87.80 |
| Previous Close | 87.38 |
| Day's Range | 87.33 - 88.11 |
| 52-Week Range | 78.20 - 99.41 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 110.50 (+26.03%) |
| Earnings Date | Apr 29, 2024 |
About AIN
Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications. This segment offers paper machine clothing forming... [Read more]
Financial Performance
In 2023, AIN's revenue was $1.15 billion, an increase of 10.92% compared to the previous year's $1.03 billion. Earnings were $111.12 million, an increase of 16.04%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for AIN stock is "Buy." The 12-month stock price forecast is $110.5, which is an increase of 26.03% from the latest price.
News
Albany International Announces Discontinuation of Manufacturing Capacity in South Korea
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Korea, Inc., an affiliate of Albany International Corp. (NYSE:AIN), announced today its plan to discontinue manufacturing at its operations in Ch...
Albany International Schedules Earnings Release Date
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) will release 2024 first-quarter results Monday, April 29, 2024 after the market closes. The Company will host a webcast to discu...
Albany International Issues 2023 Sustainability Report
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today the publication of its 2023 Sustainability Report, outlining its commitment to sustainable practices in business...
Albany International Reports Fourth-Quarter 2023 Results
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2023, which ended December 31, 2023. "In 2023, our busi...
Albany International Declares Dividend
ROCHESTER, N.H.--(BUSINESS WIRE)--The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.26 per share on the Company's Class A Common Stock. The div...
Bonnie C. Lind Elected to Albany International Corp. Board of Directors
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appoi...
Albany International Reports Third-Quarter 2023 Results
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its third quarter of 2023, which ended September 30, 2023. "We are reporting another strong...
Albany International Completes Acquisition of Heimbach Group
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today it has completed its acquisition of Heimbach Group (Heimbach). Headquartered in Düren, Germany, Heimbach is a gl...
Albany International Appoints Gunnar Kleveland as President and Chief Executive Officer
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins ...
Albany International Reports Second-Quarter 2023 Results
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2023, which ended June 30, 2023. “We are reporting another strong qua...
Albany International Delivers Advanced 3D Woven VTP Fitting to Aernnova for Clean Sky 2 Technology Demonstrator
LE BOURGET, France--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today its subsidiary Albany Engineered Composites (AEC) has delivered its first composite vertical tail plane (VTP...
Albany International Is Excited to Deliver Its Advanced 3D Woven Rib to the Airbus Wing of Tomorrow Program
LE BOURGET, France--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) recently delivered the first components it is produci...
Albany International Enters Definitive Agreement to Acquire Heimbach Group for €153 Million
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) announced today it has entered into a definitive agreement to acquire privately held Heimbach Group...
Albany International Issues 2022 Sustainability Report
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today published its 2022 Sustainability Report, which expands on the Company's previous reporting and disclosures. This enhanced...
Albany International Reports First-Quarter 2023 Results
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2023, which ended March 31, 2023. "We are pleased to report another st...
Albany Engineered Composites Awarded Army Contract to Develop Near-net Shape 3D Weaving Technology for Hypersonic Applications
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) has received a $4 million contract award from the U.S. A...
Albany International Announces CFO Transition
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, ...
Albany International to Present at the J.P. Morgan Industrials Conference March 16
ROCHESTER, N. H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) President and CEO, Bill Higgins, will speak at the J.P. Morgan Industrials Conference on Thursday, March 16, 2023 at 2:10 p.m. ...
Albany International Announces CEO Succession Plan
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that President and CEO Bill Higgins has notified the company's Board of Directors of his desire to retire. The C...
Albany International Reports Fourth-Quarter 2022 Results
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its fourth quarter of 2022, which ended December 31, 2022. "We are pleased to report anothe...
Albany International to Present at the Cowen 44th Annual Aerospace/Defense and Industrials Conference
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) Chief Financial Officer and Treasurer, Stephen Nolan, will speak at the Cowen 44th Annual Aerospace/Defense and Industrials Conf...
Albany International Increases Dividend
ROCHESTER, N.H.--(BUSINESS WIRE)--The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.25 per share on the Company's Class A Common Stock, an in...
Albany International Reports Second-Quarter 2022 Results, Raises 2022 Guidance
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2022, which ended June 30, 2022. "We are pleased to report another qu...
Albany International to Host Investor Day May 25
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International (NYSE: AIN), a leading developer and manufacturer of engineered components, will host an Investor Day at The Langham, Boston hotel on Wednesday, ...