Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 216 Airport Drive ROCHESTER NH 03867 |
Tel: | 1-603-3305897 |
Website: | https://www.albint.com |
IR: | See website |
Key People | ||
Gunnar Kleveland President, Chief Executive Officer, Director | Robert D. Starr Chief Financial Officer, Treasurer | Daniel A. Halftermeyer President '�� Machine Clothing |
Gregory N. Harwell President '�� Albany Engineered Composites | Alice Mccarvill Chief Human Resource Officer, Executive Vice President - Human Resources | Robert Alan Hansen Senior Vice President, Chief Technology Officer |
John J. Tedone Chief Accounting Officer, Vice President, Controller | Joseph M. Gaug Vice President, General Counsel, Secretary |
Business Overview |
Albany International Corp. is a global advanced textiles and materials processing company. Its segments include Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment supplies consumable permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. It designs, manufactures, and markets paper machine clothing for each section of the paper machine and for every grade of paper. The MC segment also supplies engineered processing belts used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and textile industries. The AEC segment provides engineered, advanced composite structures to customers in the commercial and defense aerospace industries. The AEC segment includes Albany Safran Composites, LLC. AEC also supplies vacuum waste tanks for most Boeing commercial aircraft, as well as the fan case for the GE9X engine. |
Financial Overview |
For the fiscal year ended 31 December 2023, Albany International Corp. revenues increased 11% to $1.15B. Net income increased 16% to $111.1M. Revenues reflect Machine Clothing segment increase of 10% to $670.8M, Albany Engineered Composites segment increase of 12% to $477.1M, United States segment increase of 11% to $649.5M, Other Foreign segment increase of 83% to $79.9M, Brazil segment increase of 9% to $69.5M. |
Employees: | 5,600 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,035M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,148M as of Dec 31, 2023 |
EBITDA (TTM): | $244.70M as of Dec 31, 2023 |
Net annual income (TTM): | $111.12M as of Dec 31, 2023 |
Free cash flow (TTM): | $32.46M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $283.47M as of Dec 31, 2023 |
Shares outstanding: | 31,200,000 as of Feb 16, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |