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Albany International (AIN)
NYSE:AIN
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.9Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -4.86%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance. While Albany International achieved record revenues and strong cash flow, the AEC segment faced significant challenges leading to decreased revenues and profitability. The company is focusing on operational improvements and strategic initiatives, such as share repurchases and balancing the tax rate, to mitigate these issues. Despite these efforts, the financial headwinds and program-specific challenges in AEC weigh heavily on the overall outlook.Company Guidance
In the Albany International earnings call for the fourth quarter of 2024, several key metrics and guidance for 2025 were discussed. The company reported record revenues for the year at nearly $1.25 billion, driven by organic growth and the Heimberg acquisition. Free cash flow for the fourth quarter was $59 million, contributing to a full-year total of $137 million. A share repurchase program was initiated, with $15 million of shares repurchased in Q4, and a new $250 million program was authorized. For 2025, the company projects LEAP revenues of approximately $150 million and consolidated adjusted EBITDA growth of about 8%, despite foreign exchange headwinds. Expected EPS for 2025 is in the range of $3.00 to $3.40. The company has a strong cash position, with a balance of over $115 million and $482 million of borrowing capacity. The AEC backlog at year-end was $1.4 billion, providing visibility into business performance beyond 2025. The focus for 2025 includes growth in the machine clothing segment, leveraging opportunities in advanced air mobility, and maintaining a disciplined capital allocation strategy with $1 billion in dry powder for organic and inorganic growth opportunities.Record Revenues
Albany International reported record revenues of nearly $1.25 billion for the full fiscal year 2024, driven by organic growth at AEC and the Heimberg acquisition.
Strong Free Cash Flow
The company generated $59 million in free cash flow in Q4 and $137 million for the full year, highlighting strong cash management and operational performance.
Share Repurchase Program
Albany International initiated a share repurchase program, buying back $15 million worth of shares in Q4, with a new program authorized up to $250 million.
Machine Clothing Segment Performance
Machine clothing segment exhibited stable performance with a focus on consolidating operations and discontinuing unprofitable product lines, leading to improved bottom-line performance.
Strong Balance Sheet
The company maintains a strong balance sheet with over $115 million in cash and $482 million borrowing capacity, supporting its growth strategy.
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AIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $78.82 | $73.77 | -6.41% |
| Oct 30, 2024 | $70.52 | $67.69 | -4.01% |
| Aug 06, 2024 | $85.31 | $86.87 | +1.83% |
| Apr 29, 2024 | $87.50 | $79.03 | -9.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Albany International (AIN) report earnings?
Albany International (AIN) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Albany International (AIN) earnings time?
Albany International (AIN) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIN EPS forecast?
AIN EPS forecast for the fiscal quarter 2025 (Q1) is 0.63.
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