Stock AIN ALBANY INTERNATIONAL CORP.
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Company Albany International Corp.

Equities

AIN

US0123481089

Industrial Machinery & Equipment

Market Closed - Nyse
Other stock markets
 21:00:02 30/04/2024 BST 		5-day change 1st Jan Change
79.75 USD -9.68% Intraday chart for Albany International Corp. -9.46% -18.80%
04-30 Transcript : Albany International Corp., Q1 2024 Earnings Call, Apr 30, 2024
04-29 Albany Q1 Adjusted Earnings Fall, Revenue Rises; Guidance Reaffirmed MT

Business Summary

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.

Number of employees: 5,600

Sales per Business

USD in Million2022Weight2023Weight Delta
Machine Clothing
58.4 %
609 58.9 % 671 58.4 % +10.06%
Albany Engineered Composites
41.6 %
425 41.1 % 477 41.6 % +12.16%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
56.6 %
587 56.7 % 650 56.6 % +10.69%
Switzerland
10.0 %
119 11.5 % 115 10.0 % -3.24%
Other Countries
7.0 %
44 4.2 % 80 7.0 % +83.44%
France
6.8 %
77 7.4 % 78 6.8 % +0.97%
Brazil
6.1 %
66 6.4 % 70 6.1 % +5.07%
China
5.7 %
64 6.2 % 65 5.7 % +1.91%
Mexico
5.1 %
59 5.7 % 59 5.1 % +0.61%
Germany
2.8 %
0 0.0 % 32 2.8 % -

Managers

Managers TitleAgeSince
Gunnar Kleveland CEO
 Chief Executive Officer 55 31/08/23
Robert Daniel Starr DFI
 Director of Finance/CFO 56 09/04/23
Robert Hansen CTO
 Chief Tech/Sci/R&D Officer 66 31/12/80
Andrew Higgins BRD
 Director/Board Member 65 07/09/16
John B. Hobbs IRC
 Investor Relations Contact - -
Alice Mccarvill HRO
 Human Resources Officer 59 25/03/18
John Tedone AUD
 Comptroller/Controller/Auditor 59 -
Joseph Gaug LAW
 General Counsel 60 31/12/05
Daniel Halftermeyer PRN
 Corporate Officer/Principal 63 31/12/86

Members of the board

Members of the board TitleAgeSince
Erland Kailbourne BRD
 Director/Board Member 82 31/12/98
Andrew Higgins BRD
 Director/Board Member 65 07/09/16
Katharine Plourde BRD
 Director/Board Member 72 30/04/13
Kenneth Krueger BRD
 Director/Board Member 67 14/12/16
Christy Alvord BRD
 Director/Board Member 57 09/02/22
John Scannell CHM
 Chairman 60 15/02/12
Bonnie Lind BRD
 Director/Board Member 65 02-22
J. McQuade BRD
 Director/Board Member 68 09/12/20
Mark Murphy BRD
 Director/Board Member 56 30/04/19
Russell Toney BRD
 Director/Board Member 54 20/03/22

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 40,861,845 30,963,756 ( 75.78 %) 9,661,845 ( 23.65 %) 75.78 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.19 %
4,740,467 15.19 % 443 M $
The Vanguard Group, Inc.
11.28 %
3,518,426 11.28 % 329 M $
Vanguard Fiduciary Trust Co.
11.28 %
3,518,426 11.28 % 329 M $
EARNEST Partners LLC
8.121 %
2,533,638 8.121 % 237 M $
STATE STREET CORPORATION
3.759 %
1,172,753 3.759 % 110 M $
U.S. Trust Company of Delaware
3.593 %
1,121,091 3.593 % 105 M $
Eaton Vance Management
3.440 %
1,073,409 3.440 % 100 M $
Dimensional Fund Advisors LP
3.320 %
1,035,794 3.320 % 97 M $
Champlain Investment Partners LLC
3.313 %
1,033,720 3.313 % 97 M $
Kayne Anderson Rudnick Investment Management LLC
3.309 %
1,032,504 3.309 % 97 M $

Company contact information

Albany International Corp.

216 Airport Drive

03867, Rochester

+603 330 5800

http://www.albint.com
address Albany International Corp.(AIN)

Group companies

NameCategory and Sector
Heimbach Ibérica SAU
Logo Heimbach Ibérica SAU

Heimbach Ibérica SAU

TextilesProcess Industries

Part of Albany International Corp., Heimbach Iberica SA is a Spanish company that manufactures fabricated textile products. The private company is located in Spain.

Textiles

Sector

Industrials
Industrial Goods
Machinery, Equipment & Components
Industrial Machinery & Equipment
Industrial Machinery

Sales per Business

Sales per region

Ratings for Albany International Corp.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
79.75 USD
Average target price
104.6 USD
Spread / Average Target
+31.16%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial Machinery

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Industrial Machinery
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