AIN Q1 2024 Earnings — Albany International Corp. Revenue & Financial Results | Market Cap Arena

AINAlbany International Corp.

$2B

Q1 2024 Earnings

Consumer Cyclical Apparel - Manufacturers

Income Statement

Revenue

$313M+16.4% YoY

Gross Profit

$109M34.7% margin

Operating Income

$39M12.4% margin

Net Income

$27M8.7% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

-$17M

Stock-Based Comp.

$810,000

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$825M

Stockholders' Equity

$967M

Cash & Equivalents

$125M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$313M	$269M	+16.4%
Gross Profit	$109M	$99M	+9.4%
Operating Income	$39M	$41M	-3.9%
Net Income	$27M	$27M	+1.5%

Revenue Segments

Machine Clothing

$185M59%

Albany Engineered Composites

$128M41%