AIN Albany International Dashboard

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