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AIN Albany International

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
Xerium ...
SEC CIK
IRS number
140462060

AIN stock data

(
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Calendar

28 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jun 21 Daniel A Halftermeyer Class A Common Stock Sell Dispose S No Yes 90.0255 5,000 450.13K 66,655
15 Jun 21 Daniel A Halftermeyer Class A Common Stock Sell Dispose S No Yes 89.0617 4,700 418.59K 71,655
11 Jun 21 Daniel A Halftermeyer Class A Common Stock Sell Dispose S No Yes 89 200 17.8K 76,355
9 Jun 21 Daniel A Halftermeyer Class A Common Stock Sell Dispose S No Yes 89 100 8.9K 76,555
8 Jun 21 Daniel A Halftermeyer Class A Common Stock Sell Dispose S No Yes 88.2013 5,000 441.01K 76,655

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

98.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 201 215 -6.5%
Opened positions 16 34 -52.9%
Closed positions 30 24 +25.0%
Increased positions 74 76 -2.6%
Reduced positions 81 75 +8.0%
13F shares
Current Prev Q Change
Total value 4.57B 3.21B +42.7%
Total shares 30.11M 30.3M -0.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 4.76M $397.39M +3.4%
Vanguard 3.28M $273.75M +1.2%
Earnest Partners 2.62M $218.58M +9.7%
Kayne Anderson Rudnick Investment Management 1.76M $146.99M +8.9%
BAC Bank Of America 1.23M $102.33M +16.4%
Dimensional Fund Advisors 1.15M $96.4M -3.2%
Wellington Management 1.06M $88.56M -11.5%
STT State Street 962.24K $80.51M +1.6%
PFG Principal Financial Group Inc - Registered Shares 853.45K $71.24M -3.0%
TROW T. Rowe Price 632.19K $52.77M -1.9%
Largest transactions
Shares Bought/sold Change
Loomis Sayles & Co L P 628.67K +485.93K +340.4%
Norges Bank 0 -387.89K EXIT
TimesSquare Capital Management 240.9K -366.15K -60.3%
Earnest Partners 2.62M +231.74K +9.7%
BAC Bank Of America 1.23M +172.36K +16.4%
Nuveen Asset Management 123.45K -167.46K -57.6%
BLK Blackrock 4.76M +158.62K +3.4%
Kayne Anderson Rudnick Investment Management 1.76M +143.65K +8.9%
Wellington Management 1.06M -137.34K -11.5%
American Century Companies 573.85K +122.73K +27.2%

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
  • 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 may experience supply constraints due to a limited number of suppliers of certain raw materials and equipment
  • 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
  • Inflation as a result of changes in prices of commodities and labor costs may adversely impact our financial results of operations
  • 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
  • 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, which are subject to unique risks
  • The loss of one or more major customers could have a material adverse effect on sales and profitability
  • The Company is increasingly dependent on information technology and our business, systems, assets and infrastructure face certain risks, including cybersecurity and data leakage risks. The failure to prevent attacks on our operational systems or infrastructure could result in disruptions to our businesses, or the loss or disclosure of confidential and proprietary intellectual property or other assets
  • 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, 2020, the Company had outstanding long-term debt of $398 million
  • Changes in actuarial assumptions and differences between actual experience and assumptions could adversely affect our pension and postretirement benefit costs and liabilities
  • The Company is exposed to the risk of increased expense in health-care related costs
  • Changes in or interpretations of tax rules, structures, country profitability mix, and regulations may adversely affect our effective tax rate
  • The Company has substantial deferred tax assets that could become impaired, resulting in a charge to earnings
  • Our business could be adversely affected by adverse outcomes of pending or future tax audits
  • 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, and has been named as defendant in a large number of suits relating to the actual or alleged exposure to asbestos-containing products
  • The Company is subject to laws and regulations worldwide, changes to which could increase our costs and have a material adverse effect on our financial condition or results of operations
  • The Standish Family continues to have considerable influence over the management and affairs of the Company and matters requiring stockholder approval
  • 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
Management Discussion
  • •Changes in currency translation rates had the effect of increasing 2020 Net sales by $2.9 million (0.3% of Net sales) compared to 2019. That currency translation effect was principally due to the stronger euro in 2020, as compared to 2019.
  • •Consolidated Net sales decreased 14.8%.
  • •Net sales in MC decreased 5.1% compared to 2019, principally due to decreases in sales for publication grades.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: assert, ASU, chain, input, July, slight, smaller, Yuan
Removed: examination, Germany, globally, indefinitely, individually, Italy, manner, Mexico, modified, open, performed, reduction, reinvested, repatriated, repatriation, residual, scheduled, targeted, taxing, withholding

Patents

APP
Utility
a Method and a Machine for of Making Tissue Paper
8 Jul 21
The invention relates to a method of making tissue paper in a machine for making tissue paper and in which method a fibrous web is passed through at least one press nip together with a texturing belt.
APP
Utility
Curved Preform and Method of Making Thereof
24 Jun 21
Disclosed is an apparatus and method for forming three-dimensional woven preforms that can be curved and have continuous fibers in the direction of curvature.
GRANT
Utility
Curved preform and method of making thereof
15 Jun 21
Disclosed is an apparatus and method for forming three-dimensional woven preforms that can be curved and have continuous fibers in the direction of curvature.
GRANT
Utility
Fiber structure and a composite material part incorporating such a structure
4 May 21
A fiber structure includes a plurality of weft layers and of warp layers interlinked by multilayer three-dimensional weaving, the fiber structure having at least first and second portions that are adjacent in the warp direction, the first portion presenting, in a direction perpendicular to the warp and weft directions, a thickness that is greater than the thickness of the second portion, wherein the first portion has at its core at least one fiber fabric obtained by three-dimensional weaving of warp yarns and weft yarns in the form of a Mock Leno weave grid, the at least one fabric being present between two skins present at the surface of the first portion and being linked to the skins by warp yarns belonging to the skins that are locally deflected into the fabric.
GRANT
Utility
Multilayer belt for creping and structuring in a tissue making process
30 Mar 21
A multilayer belt structure that can be used for creping or structuring a cellulosic web in a tissue making process.