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
Sector
Industry (SIC)
SEC CIK
Corporate docs
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
News

12 Industrials Stocks Moving In Monday's After-Market Session
25 Jul 22
Albany International Q2 Adj. EPS $1.06 Beats $0.83 Estimate, Sales $261.37M Beat $240.18M Estimate, Co. Raises Guidance
25 Jul 22
Earnings Scheduled For July 25, 2022
25 Jul 22
Earnings Preview For Albany International
22 Jul 22
Compass Diversified Acquires Synthetic Insulation Maker PrimaLoft For $530M
6 Jun 22
Press releases
Albany International Reports Second-Quarter 2022 Results, Raises 2022 Guidance
25 Jul 22
Compass Diversified Completes Acquisition of Leading Synthetic Insulation Provider PrimaLoft
13 Jul 22
Albany International Schedules Earnings Release Date
30 Jun 22
Compass Diversified to Acquire PrimaLoft
6 Jun 22
Albany International to Host Investor Day May 25
23 May 22
Calendar
26 Jul 22
12 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
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 |
Institutional ownership, Q1 2022
89.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 234 |
Opened positions | 25 |
Closed positions | 21 |
Increased positions | 89 |
Reduced positions | 78 |
13F shares | Current |
---|---|
Total value | 2.67B |
Total shares | 31.51M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.95M | $417.22M |
Vanguard | 3.44M | $290.43M |
Earnest Partners | 2.71M | $228.75M |
Kayne Anderson Rudnick Investment Management | 1.95M | $164.51M |
BAC Bank Of America | 1.42M | $119.89M |
Dimensional Fund Advisors | 1.15M | $97.08M |
STT State Street | 1.07M | $90.31M |
William Blair Investment Management | 866.62K | $73.07M |
PFG Principal Financial Group Inc - Registered Shares | 725.01K | $61.13M |
Loomis Sayles & Co L P | 714.38K | $60.24M |
Financial report summary
?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
?Positive | ||
Negative | ||
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H.S. sophomore Avg
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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
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
25 Jul 22
8-K
Regulation FD Disclosure
25 May 22
8-K
Submission of Matters to a Vote of Security Holders
24 May 22
8-K
Results of Operations and Financial Condition
25 Apr 22
8-K
Russell E. Toney Elected to Albany International Corp. Board of Directors
21 Mar 22
8-K
Results of Operations and Financial Condition
15 Feb 22
8-K
CHRISTINA ALVORD Elected to
10 Feb 22
8-K
Announces $200 Million Share Repurchase Authorization
25 Oct 21
8-K
Albany International Corp. Announces the Closing of a Secondary Offering
10 Aug 21
8-K
Albany International Corp. Announces the Launch of a Secondary Offering
5 Aug 21
Registration and prospectus
424B7
Prospectus with selling stockholder info
9 Aug 21
424B7
Prospectus with selling stockholder info
5 Aug 21
424B7
Prospectus with selling stockholder info
3 Jun 19
424B7
Prospectus with selling stockholder info
28 May 19
S-3ASR
Automatic shelf registration
28 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 18
S-8
Registration of securities for employees
18 May 17
S-8
Registration of securities for employees
18 May 17
S-8
Registration of securities for employees
14 Apr 14
S-8
Registration of securities for employees
21 Aug 13
Other
SD
Conflict minerals disclosure
23 May 22
SD
Conflict minerals disclosure
20 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
28 Jan 18
CORRESP
Correspondence with SEC
15 Jan 18
CORRESP
Correspondence with SEC
18 Dec 17
UPLOAD
Letter from SEC
17 Dec 17
SD
Conflict minerals disclosure
30 May 17
Ownership
11-K
Annual report of employee stock purchases
24 Jun 22
4
ALBANY INTERNATIONAL / ERLAND E KAILBOURNE ownership change
23 May 22
4
ALBANY INTERNATIONAL / KATHARINE PLOURDE ownership change
23 May 22
4
ALBANY INTERNATIONAL / John Michael McQuade ownership change
23 May 22
4
ALBANY INTERNATIONAL / John Scannell ownership change
23 May 22
4
ALBANY INTERNATIONAL / KENNETH W KRUEGER ownership change
23 May 22
4
ALBANY INTERNATIONAL / Christina M Alvord ownership change
23 May 22
4
ALBANY INTERNATIONAL / Russell Toney ownership change
23 May 22
4
ALBANY INTERNATIONAL / Mark J. Murphy ownership change
23 May 22
4
ALBANY INTERNATIONAL / Stephen M Nolan ownership change
5 Apr 22
Patents
Utility
Method and a machine for of making tissue paper
29 Mar 22
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.
Utility
Three-dimensional woven preforms for omega stiffeners
7 Dec 21
Disclosed is a method of forming a 3D woven omega-shaped stiffener by flat weaving a plurality of layers of interwoven warp and weft fibers to form a flat woven fabric having a cap portion, a first and a second web portion, a first and second foot portion, and an inner wrap portion.
Utility
Reinforced Structure Having Continuous Fiber Reinforced Elements and Method of Making Thereof
2 Dec 21
Disclosed are reinforced structures.
Utility
Rod End with Locking Device for Struts
14 Oct 21
The present invention concerns a rod end that has a locking mechanism where the locking mechanism has an insert, a fork end, a female torque locking element, and a male torque locking element.
Utility
Methods for making improved cellulosic products using novel press felts and products made therefrom
24 Aug 21
The present application discloses improved cellulosic products and methods of making improved cellulosic products using split base core wet press felt designs having at least a first woven base core material and a second woven base core material, wherein the first and second base core materials are separated by at least one fibrous batting material.
Transcripts
2022 Q2
Earnings call transcript
26 Jul 22
2022 Q1
Earnings call transcript
26 Apr 22
2021 Q4
Earnings call transcript
16 Feb 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
11 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
2 May 20
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