AIN Q2 2023 Earnings — Albany International Corp. Revenue & Financial Results | Market Cap Arena

AINAlbany International Corp.

$2B

Q2 2023 Earnings

Consumer Cyclical Apparel - Manufacturers

Income Statement

Revenue

$274M+4.9% YoY

Gross Profit

$103M37.5% margin

Operating Income

$46M16.6% margin

Net Income

$27M9.7% margin

EPS (Diluted)

$0.85

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$791M

Stockholders' Equity

$910M

Cash & Equivalents

$301M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$274M	$261M	+4.9%
Gross Profit	$103M	$101M	+2.1%
Operating Income	$46M	$51M	-10.3%
Net Income	$27M	$39M	-32.0%

Revenue Segments

Machine Clothing

$49M50%

Albany Engineered Composites

$48M50%