albany international is a global advanced textiles and materials processing company with two core businesses. machine clothing (mc) is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. mc has a global market share of approximately 30%, compared to 15% estimated share for the next largest competitor. albany engineered composites (aec ) is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. aec is the sole supplier of fan blades, fan cases and other advanced composite components for the cfm leap engine; current estimates for annual leap production rates are approximately 1600 engines by the end of the decade, for which aec will deliver approximately 100,000 parts per year. albany international is headquartered in rochester, new hampshire, and operates 18 plants in 11 countries (united states, canada, mexico, brazil, france, united kingdom, germany, italy,
Company profile
Ticker
AIN
Exchange
Website
CEO
A. William Higgins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AEC Advanced Programs, Inc. • Albany Advanced Air Mobility, LLC • Albany Aerostructures Composites, LLC • Albany Engineered Composites, Inc. • Albany International Holdings • Albany International • Albany International Research Co. • Albany Safran Composites, LLC • Brandon Drying Fabrics, Inc. • Geschmay Corp. ...
IRS number
140462060
AIN stock data
Latest filings (excl ownership)
SD
Conflict minerals disclosure
15 May 24
8-K
Submission of Matters to a Vote of Security Holders
14 May 24
15-15D
Suspension of duty to report
6 May 24
S-8 POS
Registration of securities for employees (post-effective amendment)
6 May 24
10-Q
2024 Q1
Quarterly report
29 Apr 24
8-K
Results of Operations and Financial Condition
29 Apr 24
8-K
Albany International Announces Discontinuation Of Manufacturing Capacity In South Korea
19 Apr 24
ARS
2023 FY
Annual report to shareholders
3 Apr 24
DEF 14A
Definitive proxy
28 Mar 24
8-K
Departure of Directors or Certain Officers
29 Feb 24
Transcripts
AIN
Earnings call transcript
2024 Q1
30 Apr 24
AIN
Earnings call transcript
2023 Q4
27 Feb 24
AIN
Earnings call transcript
2023 Q3
7 Nov 23
AIN
Earnings call transcript
2023 Q2
27 Jul 23
AIN
Earnings call transcript
2023 Q1
26 Apr 23
AIN
Earnings call transcript
2022 Q4
14 Feb 23
AIN
Earnings call transcript
2022 Q3
25 Oct 22
AIN
Earnings call transcript
2022 Q2
26 Jul 22
AIN
Earnings call transcript
2022 Q1
26 Apr 22
AIN
Earnings call transcript
2021 Q4
16 Feb 22
Latest ownership filings
4
KATHARINE PLOURDE
14 May 24
4
John Scannell
14 May 24
4
Christina M Alvord
14 May 24
4
Andrew William Higgins
13 May 24
4
Bonnie Cruickshank Lind
13 May 24
4
John Michael McQuade
13 May 24
4
ERLAND E KAILBOURNE
13 May 24
4
Russell Toney
13 May 24
4
Mark J. Murphy
13 May 24
4
KENNETH W KRUEGER
13 May 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 171.51 mm | 171.51 mm | 171.51 mm | 171.51 mm | 171.51 mm | 171.51 mm |
Cash burn (monthly) | 43.14 mm | 8.75 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 328.67 mm | 66.65 mm | n/a | n/a | n/a | n/a |
Cash remaining | -157.17 mm | 104.85 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -3.6 | 12.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
51.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 183 |
Opened positions | 26 |
Closed positions | 90 |
Increased positions | 60 |
Reduced positions | 70 |
13F shares | Current |
---|---|
Total value | 1.43 tn |
Total shares | 16.10 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 3.52 mm | $345.58 bn |
STT State Street | 1.17 mm | $115.49 bn |
MS Morgan Stanley | 1.08 mm | $106.20 bn |
Dimensional Fund Advisors | 1.04 mm | $101.74 bn |
Champlain Investment Partners | 1.03 mm | $101.53 bn |
William Blair Investment Management | 779.34 k | $76.55 bn |
Loomis Sayles & Co L P | 687.62 k | $67.54 mm |
Clearbridge Advisors | 598.04 k | $58.74 bn |
PFG Principal Financial Group Inc - Registered Shares | 593.35 k | $58.28 bn |
NTRS Northern Trust | 441.07 k | $43.32 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 May 24 | Krueger Kenneth W | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,519 | 0.00 | 12,278 |
10 May 24 | Murphy Mark J. | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,519 | 0.00 | 10,597 |
10 May 24 | Russell Toney | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,519 | 0.00 | 3,944 |
10 May 24 | Kailbourne Erland E | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,103 | 0.00 | 50,549 |
10 May 24 | John Michael McQuade | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,476 | 0.00 | 10,136 |
News
Analyst Expectations For Albany Intl's Future
3 May 24
JP Morgan Maintains Neutral on Albany Intl, Lowers Price Target to $96
3 May 24
TD Cowen Maintains Buy on Albany Intl, Lowers Price Target to $95
1 May 24
Truist Securities Maintains Buy on Albany Intl, Lowers Price Target to $104
1 May 24
Albany International Sees FY24 EPS $3.55-$4.05 Vs $3.97 Est.; Revenue $1.26B-$1.33B Vs $1.3B Est.
29 Apr 24
Press releases
Albany International Declares Dividend
10 May 24
Albany International to Present at the Bank of America Transportation, Airlines, and Industrials Conference 2024
7 May 24
Albany International Announces Discontinuation of Manufacturing Capacity in South Korea
19 Apr 24
Albany International Schedules Earnings Release Date
15 Apr 24
Albany International Issues 2023 Sustainability Report
20 Mar 24