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)
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
10-K
2023 FY
Annual report
26 Feb 24
8-K
Results of Operations and Financial Condition
26 Feb 24
8-K
Bonnie C. Lind Elected to Albany International Corp. Board of Directors
23 Feb 24
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Results of Operations and Financial Condition
6 Nov 23
8-K
Albany International Completes Acquisition of Heimbach Group
31 Aug 23
Transcripts
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
AIN
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
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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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) | 298.17 mm | 60.47 mm | n/a | n/a | n/a | n/a |
Cash remaining | -126.67 mm | 111.04 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.9 | 12.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
98.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 247 |
Opened positions | 30 |
Closed positions | 24 |
Increased positions | 80 |
Reduced positions | 102 |
13F shares | Current |
---|---|
Total value | 2.65 tn |
Total shares | 30.83 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.72 mm | $406.95 bn |
Vanguard | 3.48 mm | $300.25 bn |
Earnest Partners | 2.34 mm | $201.51 bn |
STT State Street | 1.10 mm | $94.84 bn |
Kayne Anderson Rudnick Investment Management | 1.07 mm | $92.00 bn |
Dimensional Fund Advisors | 1.04 mm | $89.54 bn |
Champlain Investment Partners | 1.01 mm | $87.23 bn |
BAC Bank Of America | 969.08 k | $83.61 bn |
MS Morgan Stanley | 890.79 k | $76.86 bn |
WHG Westwood | 868.25 k | $75.21 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Tedone John J | Class A Common Stock | Sale back to company | Dispose D | No | No | 89.74 | 546 | 49.00 k | 0 |
1 Mar 24 | Tedone John J | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 546 | 0.00 | 546 |
1 Mar 24 | Tedone John J | Phantom Stock Units Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 546 | 0.00 | 1,091 |
1 Mar 24 | Robert Alan Hansen | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 748 | 0.00 | 748 |
1 Mar 24 | Robert Alan Hansen | Class A Common Stock | Sale back to company | Dispose D | No | No | 89.74 | 935 | 83.91 k | 0 |
1 Mar 24 | Robert Alan Hansen | Phantom Stock Units Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 748 | 0.00 | 748 |
1 Mar 24 | Robert Alan Hansen | Phantom Stock Units Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 935 | 0.00 | 0 |
1 Mar 24 | Robert Alan Hansen | Class A Common Stock | Sale back to company | Dispose D | No | No | 89.74 | 761 | 68.29 k | 0 |
1 Mar 24 | Robert Alan Hansen | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 761 | 0.00 | 761 |
1 Mar 24 | Robert Alan Hansen | Class A Common Stock | Sale back to company | Dispose D | No | No | 89.74 | 644 | 57.79 k | 0 |
Press releases
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
Albany International Declares Dividend
23 Feb 24
Bonnie C. Lind Elected to Albany International Corp. Board of Directors
23 Feb 24