Albany International Corp AIN Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Gaug Joseph M

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

500

Price:

$71.31
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Gaug Joseph M

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

500

Price:

$71.17
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Starr Robert D.

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

1,000

Price:

$71.38
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Hansen Robert Alan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

1,050

Price:

$71.26
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Kleveland Gunnar

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

1,400

Price:

$71.26
Nov 01, 2024 (filed on Nov 04, 2024)

Insider Name:

Purdum Suzanne K

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

4,315

Price:

--
Nov 01, 2024 (filed on Nov 04, 2024)

Insider Name:

Purdum Suzanne K

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

509

Price:

--
Sep 30, 2024 (filed on Oct 01, 2024)

Insider Name:

McCarvill Alice

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-1,093

Price:

--
Sep 30, 2024 (filed on Oct 01, 2024)

Insider Name:

McCarvill Alice

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-632

Price:

--
Sep 30, 2024 (filed on Oct 01, 2024)

Insider Name:

McCarvill Alice

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-357

Price:

--

Filings by filing date

Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Gaug Joseph M

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

500

Price:

$71.31
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Gaug Joseph M

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

500

Price:

$71.17
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Starr Robert D.

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

1,000

Price:

$71.38
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Hansen Robert Alan

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

1,050

Price:

$71.26
Nov 05, 2024 (filed on Nov 05, 2024)

Insider Name:

Kleveland Gunnar

Ownership Type:

Direct Ownership

Securities:

Class A Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

1,400

Price:

$71.26
Nov 01, 2024 (filed on Nov 04, 2024)

Insider Name:

Purdum Suzanne K

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

4,315

Price:

--
Nov 01, 2024 (filed on Nov 04, 2024)

Insider Name:

Purdum Suzanne K

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

509

Price:

--
Sep 30, 2024 (filed on Oct 01, 2024)

Insider Name:

McCarvill Alice

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-1,093

Price:

--
Sep 30, 2024 (filed on Oct 01, 2024)

Insider Name:

McCarvill Alice

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-632

Price:

--
Sep 30, 2024 (filed on Oct 01, 2024)

Insider Name:

McCarvill Alice

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-357

Price:

--

News

Biz Brief

Sector: Industrials	Industry: Industrial Machinery & Equipment

See Regulatory Filings on SEC

Company Contact

Address:	216 Airport Drive ROCHESTER NH 03867
Tel:	1-603-3305851
Website:	https://www.albint.com
IR:	See website

Key People

Gunnar Kleveland President, Chief Executive Officer, Director	Robert D. Starr Chief Financial Officer, Executive Vice President	Merle Stein President - Machine Clothing
Christopher E. Stone President - Albany Engineered Composites	Alice Mccarvill Chief Human Resource Officer, Executive Vice President - Human Resources	Robert Alan Hansen Senior Vice President, Chief Technology Officer
John J. Tedone Vice President - Controller and Chief Accounting Officer	Joseph M. Gaug Vice President, General Counsel, Secretary

Business Overview

Albany International Corp. is a global advanced textiles and materials processing company. Its segments include Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment supplies consumable permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. It designs, manufactures, and markets paper machine clothing for each section of the paper machine and for every grade of paper. The MC segment also supplies engineered processing belts used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and textile industries. The AEC segment provides engineered, advanced composite structures to customers in the commercial and defense aerospace industries. The AEC segment includes Albany Safran Composites, LLC. AEC also supplies vacuum waste tanks for most Boeing commercial aircraft, as well as the fan case for the GE9X engine.

Financial Overview

For the nine months ended 30 September 2024, Albany International Corp. revenues increased 14% to $943.7M. Net income decreased 13% to $69.9M. Revenues reflect Machine Clothing segment increase of 17% to $561.8M, Albany Engineered Composites segment increase of 11% to $381.9M. Net income was offset by Albany Engineered Composites segment income decrease of 70% to $8.3M, Machine Clothing segment income decrease of less than 1% to $153.3M.

Employees:	5,600 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$2,684M as of Sep 30, 2024
Annual revenue (TTM):	$1,267M as of Sep 30, 2024
EBITDA (TTM):	$239.35M as of Sep 30, 2024
Net annual income (TTM):	$100.39M as of Sep 30, 2024
Free cash flow (TTM):	$84.69M as of Sep 30, 2024
Net Debt Last Fiscal Year:	$234.97M as of Sep 30, 2024
Shares outstanding:	31,300,000 as of Oct 15, 2024
Index Membership:	S&P 600 Small Cap
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization