AIN Q1 2023 Earnings — Albany International Corp. Revenue & Financial Results | Market Cap Arena

AINAlbany International Corp.

$2B

Q1 2023 Earnings

Consumer Cyclical Apparel - Manufacturers

Income Statement

Revenue

$269M+10.2% YoY

Gross Profit

$99M36.9% margin

Operating Income

$41M15.1% margin

Net Income

$27M10.0% margin

EPS (Diluted)

$0.86

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$33M

Stock-Based Comp.

$378,000

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$798M

Stockholders' Equity

$893M

Cash & Equivalents

$304M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$269M	$244M	+10.2%
Gross Profit	$99M	$92M	+8.4%
Operating Income	$41M	$39M	+4.6%
Net Income	$27M	$28M	-3.1%

Revenue Segments

Machine Clothing

$52M53%

Albany Engineered Composites

$45M47%