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Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company operates through 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, paperboard, tissues, towels, pulps, building products, tannery, and textiles, as well as nonwovens, fiber cement, and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as processing belts; and engineered fabrics. Its AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. The company sells its products to commercial and defense markets, space-launch vehicles and the emerging advanced air mobility market, as well as to customer end-users. Albany International Corp. was incorporated in 1895 and is headquartered in Portsmouth, New Hampshire.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $52M | $-57M | $81M | -7.9% | -3.9% | -165.4% |
| 2024 | $1.2B | $223M | $88M | $137M | 9.3% | 7.2% | -21.1% |
| 2023 | $1.1B | $257M | $111M | $64M | 11.6% | 10.9% | 16.0% |
| 2022 | $1.0B | $219M | $96M | $32M | 11.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,034.89 | 1,147.91 | 1,230.62 | 1,182.81 |
| Operating Revenue | - | 1,034.89 | 1,147.91 | 1,230.62 | 1,182.81 |
| Cost Of Revenue | - | 645.10 | 724.19 | 828.84 | 938.89 |
| Gross Profit | - | 389.78 | 423.72 | 401.78 | 243.92 |
| Operating Expense | - | 208.65 | 255.54 | 256.98 | 266.34 |
| Research And Development | - | 39.94 | 40.63 | 46.10 | 48.02 |
| Selling General And Administration | - | 168.71 | 214.92 | 210.88 | 218.33 |
| Total Expenses | - | 853.76 | 979.73 | 1,085.82 | 1,205.23 |
| Operating Income | - | 181.13 | 168.18 | 144.80 | -22.42 |
| Total Operating Income As Reported | - | 181.02 | 167.89 | 131.36 | -36.10 |
| EBITDA | - | 218.86 | 257.36 | 223 | 51.89 |
| Normalized EBITDA | - | 208.46 | 254.37 | 235.99 | 70.72 |
| EBIT | - | 149.82 | 180.62 | 133.70 | -36.02 |
| Interest Income | - | 3.84 | 6.57 | 4.06 | 5.16 |
| Interest Expense | - | 17.84 | 20.17 | 16.61 | 25.76 |
| Net Interest Income | - | -14.31 | -13.60 | -12.55 | -20.60 |
| Other Non Operating Income Expenses | - | -45.23 | 2.90 | -2.16 | 0.07 |
| Other Income Expense | - | -34.84 | 5.88 | -15.16 | -18.76 |
| Interest Income Non Operating | - | 3.84 | 6.57 | 4.06 | 5.16 |
| Interest Expense Non Operating | - | 17.84 | 20.17 | 16.61 | 25.76 |
| Net Non Operating Interest Income Expense | - | -14.31 | -13.60 | -12.55 | -20.60 |
| Pretax Income | - | 131.98 | 160.46 | 117.09 | -61.79 |
| Tax Provision | - | 35.47 | 48.85 | 29.03 | -4.83 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.80 | 0.91 | -3.22 | -1.47 |
| Net Income Continuous Operations | - | 96.51 | 111.61 | 88.06 | -56.96 |
| Net Income From Continuing And Discontinued Operation | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Net Income From Continuing Operation Net Minority Interest | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Net Income | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Net Income Common Stockholders | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Net Income Including Noncontrolling Interests | - | 96.51 | 111.61 | 88.06 | -56.96 |
| Normalized Income | - | 88.16 | 109.04 | 97.40 | -39.98 |
| Diluted NI Availto Com Stockholders | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Basic Average Shares | - | 31.34 | 31.17 | 31.23 | 29.57 |
| Diluted Average Shares | - | 31.46 | 31.28 | 31.34 | 29.57 |
| Reconciled Depreciation | - | 69.05 | 76.73 | 89.29 | 87.91 |
| Reconciled Cost Of Revenue | - | 645.10 | 724.19 | 828.84 | 938.89 |
| Total Unusual Items | - | 10.40 | 2.98 | -13 | -18.83 |
| Total Unusual Items Excluding Goodwill | - | 10.40 | 2.98 | -13 | -18.83 |
| Minority Interests | - | -0.75 | -0.49 | -0.43 | -0.38 |
| Special Income Charges | - | -0.11 | -0.28 | -13.44 | -13.68 |
| Restructuring And Mergern Acquisition | - | 0.11 | 0.28 | 13.44 | 13.68 |
| Gain On Sale Of Security | - | 10.50 | 3.27 | 0.44 | -5.15 |
| General And Administrative Expense | 160.13 | 168.71 | - | - | - |
| Other Gand A | 160.13 | 168.71 | - | - | - |
| Salaries And Wages | 0 | - | - | - | - |
| Total Other Finance Cost | 0.37 | 0.31 | 0.18 | 0.23 | - |
| Other Operating Expenses | -5.83 | - | - | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Albany International Corp.this co. | AIN | $1.9B | -33.97 | 2.68 | -7.9% | 44.38 |
| Six Flags Entertainment Corporation | FUN | $2.2B | -1.40 | 3.94 | -281.8% | -8.62 |
| Brightstar Lottery PLC | BRSL | $2.1B | 14.48 | 2.43 | 16.8% | 5.24 |
| Driven Brands Holdings Inc. | DRVN | $2.1B | 15.17 | 2.77 | 18.3% | 11.93 |
| FIGS, Inc. | FIGS | $2.0B |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.06 |
| 4.47 |
| 7.8% |
| 40.96 |
| United Parks & Resorts Inc. | PRKS | $1.9B | 11.42 | -4.41 | -38.6% | 7.79 |
| Kohl's Corporation | KSS | $1.8B | 6.59 | 0.44 | 6.7% | 5.85 |
| Adient plc | ADNT | $1.8B | -6.37 | 1.01 | -15.9% | 7.37 |
| Interface, Inc. | TILE | $1.7B | 14.88 | 2.70 | 18.1% | 9.75 |
| Peer Median | - | 12.95 | 2.56 | 7.3% | 7.58 | |