$2.1 B

AIN Mkt cap, 03-Aug-2018

$486.2 M

Albany International Corporation Revenue Q2, 2018
Albany International Corporation Gross profit (Q2, 2018)173.8 M
Albany International Corporation Gross profit margin (Q2, 2018), %35.8%
Albany International Corporation Net income (Q2, 2018)40.8 M
Albany International Corporation EBIT (Q2, 2018)63.5 M
Albany International Corporation Cash, 30-Jun-2018154.7 M
Albany International Corporation EV2.5 B

Albany International Corporation Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

745.3 m709.9 m779.8 m863.7 m

Revenue growth, %

(5%)10%

Cost of goods sold

431.2 m479.3 m567.9 m

Gross profit

278.7 m300.6 m295.8 m

Gross profit Margin, %

39%39%34%

General and administrative expense

146.2 m160.1 m165 m

Operating expense total

146.2 m160.1 m165 m

EBIT

63.9 m91.8 m76.2 m

EBIT margin, %

9%12%9%

Interest expense

11.8 m15.5 m18.6 m

Interest income

1.9 m2.1 m1.5 m

Pre tax profit

51.5 m78.3 m54.7 m

Income tax expense

25.5 m22.1 m

Net Income

17.7 m41.7 m57.3 m52.8 m32.6 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

172.3 m178.8 m172.3 m203.2 m191.3 m199.3 m215.6 m230 m486.2 m

Cost of goods sold

117.7 m103 m99.8 m124.9 m118.9 m123.4 m152.5 m148.3 m312.4 m

Gross profit

54.6 m75.7 m72.5 m78.3 m72.4 m75.9 m63.1 m81.7 m173.8 m

Gross profit Margin, %

32%42%42%39%38%38%29%36%36%

General and administrative expense

39.9 m35.5 m39.4 m43.5 m38 m40.9 m41.8 m41.9 m78.6 m

Operating expense total

39.9 m35.5 m39.4 m43.5 m38 m40.9 m41.8 m41.9 m78.6 m

EBIT

3 m25.8 m22.3 m17.9 m24.8 m22.1 m9.2 m20.8 m63.5 m

EBIT margin, %

2%14%13%9%13%11%4%9%13%

Interest expense

2.7 m2.7 m2.2 m3.7 m3.7 m4.3 m4.3 m4.3 m8.9 m

Pre tax profit

21.9 m20.4 m20.9 m17.5 m3 m15.1 m52.4 m

Income tax expense

(364 k)12.2 m7 m6.1 m7.5 m6.6 m1.8 m4.6 m11.6 m

Net Income

4.7 m10.7 m11.2 m11.8 m12.2 m(2.1 m)9.7 m13.3 m10.1 m13.4 m11 m1.2 m10.5 m40.8 m

Albany International Corporation Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

222.7 m179.8 m185.1 m181.7 m183.7 m

Accounts Receivable

163.5 m158.2 m146.4 m171.2 m202.7 m

Inventories

112.7 m107.3 m106.4 m133.9 m136.5 m

Current Assets

522.5 m460.1 m452.1 m501.3 m543.7 m

PP&E

418.8 m395.1 m357.5 m422.6 m454.3 m

Goodwill

78.9 m71.7 m66.4 m160.4 m166.8 m

Total Assets

1.2 b1 b1 b1.3 b1.4 b

Accounts Payable

36.4 m34.8 m26.8 m43.3 m44.9 m

Short-term debt

1.8 m

Current Liabilities

158.5 m183.4 m126.2 m200 m161.5 m

Long-term debt

300.1 m222.1 m265.1 m432.9 m514.1 m

Total Debt

432.9 m515.9 m

Total Liabilities

752.1 m788.2 m

Common Stock

40 k37 k37 k37 k37 k

Additional Paid-in Capital

416.7 m419 m423.1 m426 m428.4 m

Retained Earnings

434.6 m456.1 m492 m522.9 m534.1 m

Total Equity

547.8 m513.6 m502.6 m511.3 m573 m

Debt to Equity Ratio

0.8 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.1 x2 x2 x2.5 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

212.8 m208.4 m206.8 m195.5 m170.8 m182.5 m171.8 m169.6 m176 m196.2 m143.3 m138.8 m151.4 m154.7 m

Accounts Receivable

158.8 m152.4 m148.5 m147.5 m163.4 m161 m151.9 m150.8 m176.3 m170.7 m174.3 m193.1 m248.5 m249.5 m

Inventories

119 m121.4 m123.9 m121.6 m104.8 m109.6 m110.3 m110.4 m145.4 m138.7 m150.5 m151.5 m100 m97.7 m

Current Assets

522.7 m507.9 m503.2 m487.4 m456.1 m476.8 m454.5 m452.7 m513.6 m522.2 m484.6 m503.4 m567.7 m586.8 m

PP&E

416.4 m415.3 m414.8 m408.1 m380.9 m379.1 m365.7 m356.9 m440.2 m441.6 m432.5 m446.8 m459.4 m450.7 m

Goodwill

78 m78.9 m78.6 m74 m65.7 m67.5 m67.6 m68.4 m98.6 m134.7 m161.1 m164.3 m168.3 m165.5 m

Total Assets

1.2 b1.1 b1.1 b1.1 b1 b1 b975.4 m1 b1.2 b1.3 b1.3 b1.3 b1.4 b1.4 b

Accounts Payable

39.2 m35.1 m35.7 m32.2 m36.4 m32.3 m28.7 m31.9 m40.6 m36.7 m43.8 m46.7 m45.7 m54.8 m

Short-term debt

1.8 m1.8 m

Current Liabilities

234.9 m141.6 m142 m139.5 m177.7 m174.1 m174.2 m120.4 m136.2 m147.1 m188.1 m204.2 m175 m196.5 m

Long-term debt

252.1 m299.1 m283.1 m283.1 m232.1 m252.1 m220.1 m255.1 m485.2 m490 m428.5 m444 m518.7 m523.2 m

Total Debt

252.1 m299.1 m283.1 m283.1 m232.1 m252.1 m220.1 m255.1 m485.2 m490 m428.5 m444 m520.5 m525 m

Total Liabilities

650.1 m597.1 m579.4 m572.5 m515.2 m531.6 m497.7 m492.2 m733.7 m740.5 m733.5 m766.2 m805.2 m830.8 m

Common Stock

40 k40 k40 k40 k37 k37 k37 k37 k37 k37 k37 k37 k37 k37 k

Additional Paid-in Capital

400 m417.4 m418.1 m418.5 m420.5 m422.2 m422.6 m424.2 m424.9 m425.3 m427 m427.5 m428.9 m429.6 m

Retained Earnings

430.7 m440.4 m446.6 m453.3 m463.2 m455.6 m459.8 m500 m504.9 m512.5 m528.2 m523.9 m533.8 m558.6 m

Total Equity

514.2 m549.4 m559.4 m539.5 m486.4 m491.9 m477.8 m522.7 m515.6 m525.1 m528.6 m542.1 m595.1 m591.7 m

Financial Leverage

2.3 x2.1 x2 x2.1 x2.1 x2.1 x2 x1.9 x2.4 x2.4 x2.4 x2.4 x2.4 x2.4 x

Albany International Corporation Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

17.7 m41.7 m57.3 m52.8 m32.6 m

Depreciation and Amortization

57.2 m56.6 m53 m58.1 m61.5 m

Accounts Receivable

(8.9 m)(6.6 m)(404 k)(12.7 m)(21.9 m)

Inventories

5.7 m(744 k)(8.3 m)(12.5 m)3.1 m

Accounts Payable

955 k640 k(6 m)2.1 m2.9 m

Cash From Operating Activities

62.6 m84.2 m95.9 m79.5 m64.2 m

Purchases of PP&E

(61.8 m)(58.2 m)(48.6 m)(71.2 m)(85.5 m)

Cash From Investing Activities

(41.4 m)(57.7 m)(253.6 m)(87.6 m)

Dividends Paid

(13.9 m)(19.7 m)(21.1 m)(21.8 m)(21.9 m)

Cash From Financing Activities

3.9 m(50.5 m)(27.3 m)173.5 m12.9 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

4.7 m10.7 m11.2 m11.8 m12.2 m(2.1 m)9.7 m13.3 m10.1 m13.4 m11 m1.2 m10.5 m40.8 m

Depreciation and Amortization

14.2 m14.1 m14.3 m13.7 m13.5 m13.4 m13 m13.1 m15.1 m16.5 m14.6 m15.2 m20.9 m40.6 m

Accounts Receivable

5.8 m11 m3.3 m(4.4 m)(13.7 m)4.2 m5.1 m(902 k)(10.4 m)4.8 m(741 k)(14.4 m)(31.5 m)(44.4 m)

Inventories

290 k(9 m)(2 m)(1.3 m)(3.1 m)(4.1 m)(3.6 m)(1.3 m)(6 m)(5.5 m)(14.9 m)1.7 m(9.2 m)(10.6 m)

Accounts Payable

4.5 m(1.3 m)555 k(2.1 m)3.5 m(4.9 m)(3.1 m)1.6 m1.3 m(4.4 m)3.5 m(1.5 m)(2.5 m)8.9 m

Cash From Operating Activities

8.8 m32.7 m22.5 m6.4 m10.9 m41.9 m4 m18.6 m29.2 m8.4 m(18.9 m)16.7 m

Purchases of PP&E

(18.4 m)(14.6 m)(12.8 m)(18.7 m)(12.2 m)(18.5 m)(9 m)(8 m)(20.1 m)(21.9 m)(25 m)(21.4 m)(15.8 m)(39.1 m)

Cash From Investing Activities

(6.1 m)(14.9 m)(11.9 m)(18.9 m)(9.4 m)(18.8 m)(9.3 m)(8.1 m)(206 m)(17.8 m)(25.1 m)(21.7 m)(15.8 m)(39.2 m)

Dividends Paid

(4.7 m)(4.8 m)(4.8 m)(5.1 m)(5.1 m)(5.1 m)(5.4 m)(5.4 m)(5.5 m)(5.5 m)(5.5 m)(5.5 m)(5.5 m)(11 m)

Cash From Financing Activities

(16 m)(6.7 m)(21.8 m)(6.3 m)5.7 m14.7 m(37.6 m)(15.4 m)194.7 m7 m(11.2 m)10.2 m(2.5 m)(3.6 m)

Albany International Corporation Ratios

USDY, 2018

EV/EBIT

38.7 x

EV/CFO

146.7 x

Financial Leverage

2.4 x
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