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Albany International (AIN)

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of fabrics and process felts used in the manufacture of all grades of paper products. Albany Engineered Composites is a rapidly growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs more than 4,000 people worldwide.

Company profile

Ticker
AIN
Exchange
Website
CEO
A. William Higgins
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
AEC Advanced Programs, Inc. • Albany International Holdings • Albany International Research Co. • Albany Engineered Composites, Inc. • Albany Safran Composites, LLC • Brandon Drying Fabrics, Inc. • Geschmay Corp. • Geschmay Forming Fabrics Corp. • Geschmay Wet Felts, Inc. • Transglobal Enterprises, Inc. ...
IRS number
140462060

AIN stock data

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 Murphy Mark J. Class A Common Stock Grant Acquire A No No 0 2,079 0 7,753
20 May 22 Russell Toney Class A Common Stock Grant Acquire A No No 0 1,100 0 1,100
20 May 22 Alvord Christina M Class A Common Stock Grant Acquire A No No 0 1,467 0 1,467
20 May 22 Krueger Kenneth W Class A Common Stock Grant Acquire A No No 0 1,467 0 9,434
20 May 22 Scannell John Class A Common Stock Grant Acquire A No No 0 1,467 0 18,202
89.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 234 230 +1.7%
Opened positions 25 32 -21.9%
Closed positions 21 29 -27.6%
Increased positions 89 82 +8.5%
Reduced positions 78 82 -4.9%
13F shares Current Prev Q Change
Total value 2.67B 2.81B -4.8%
Total shares 31.51M 31.76M -0.8%
Total puts 0 0
Total calls 0 2.7K EXIT
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 4.95M $417.22M +1.1%
Vanguard 3.44M $290.43M +0.9%
Earnest Partners 2.71M $228.75M -0.9%
Kayne Anderson Rudnick Investment Management 1.95M $164.51M -1.4%
BAC Bank Of America 1.42M $119.89M +5.5%
Dimensional Fund Advisors 1.15M $97.08M +2.7%
STT State Street 1.07M $90.31M +3.6%
William Blair Investment Management 866.62K $73.07M +0.2%
PFG Principal Financial Group Inc - Registered Shares 725.01K $61.13M -0.8%
Loomis Sayles & Co L P 714.38K $60.24M -2.4%
Largest transactions Shares Bought/sold Change
WHG Westwood 578.39K +413.88K +251.6%
Norges Bank 0 -377.31K EXIT
American Century Companies 202.63K -296.5K -59.4%
Wellington Management 641.99K -234.14K -26.7%
WFC Wells Fargo & Co. 564.88K +85.05K +17.7%
UBS UBS Group AG - Registered Shares 32.38K -77.59K -70.6%
BAC Bank Of America 1.42M +73.6K +5.5%
BLK Blackrock 4.95M +51.6K +1.1%
Pembroke Management 414.62K -43.32K -9.5%
GS Goldman Sachs 61.72K -41.74K -40.3%

Financial report summary

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Risks
  • A number of industry factors have had, and in future periods could have, an adverse impact on sales, profitability and cash flow in the Company’s MC and AEC segments
  • The long-term organic growth prospects of AEC are subject to a number of risks
  • The U.S. Government’s Department of Defense (“DoD”) Cybersecurity Maturity Model Certification (“CMMC”) program introduces new and unique risks for DoD contractors
  • AEC is subject to significant risks related to the potential manufacture and sale of defective or non-conforming products
  • Deterioration of global economic conditions could have an adverse impact on the Company’s business and results of operations
  • The Company continues to experience increasing labor, raw material, energy, and logistic costs due to supply chain constraints and inflationary pressures
  • Our ability to attract and retain business and employees may depend on our reputation in the marketplace
  • Some of the Company’s competitors in the MC segment have the capability to make and sell paper machines and papermaking equipment as well as other engineered fabrics
  • Conditions in the paper industry have required, and could further require, the Company to reorganize its operations, which could result in significant expense and could pose risks to the Company’s operations
  • Natural disasters at one or more of our facilities could make it difficult for us to meet our supply obligations to our customers
  • The Company’s insurance coverage may be inadequate to cover other significant risk exposures
  • The Company has significant manufacturing operations outside of the U.S., which could involve many uncertainties
  • We might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses
  • AEC is subject to significant financial risk related to potential quality escapes that could cause customer recalls, or production shortfalls that could cause delays in customer deliveries
  • Long-term supply contracts in our Albany Engineered Composites segment pose certain risks
  • AEC derives a significant portion of its revenue from contracts with the U.S. Government's Department of Defense, which are subject to unique risks
  • The loss of one or more major customers could have a material adverse effect on sales and profitability
  • Fluctuations in currency exchange rates could adversely affect the Company’s business, financial condition, and results of operations
  • We have a substantial amount of indebtedness. At December 31, 2021, the Company had outstanding long-term debt of $350 million
  • The Company is exposed to the risk of increased expense in health-care related costs
  • The Company may fail to adequately protect its proprietary technology, which would allow competitors or others to take advantage of its research and development efforts
  • The Company is subject to legal proceedings and legal compliance risks
  • Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm our business
  • Certain provisions of our Certificate of Incorporation, our Bylaws and Delaware law could hinder, delay or prevent a change in control of us that you might consider favorable, which could also adversely affect the price of our Class A Common Stock
  • We may not pay cash dividends on our Common Stock
  • If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline
  • Future sales of shares by us or our existing stockholders could cause our stock price to decline

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: coupled, crude, expanded, fuel, incremental, larger, Lastly, muted, notably, passing, previously, pulp, repay, run, satisfaction, scope, trailing
Removed: China, family, intercompany, invoicing, Mexican

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