AIN Q3 2023 Earnings — Albany International Corp. Revenue & Financial Results | Market Cap Arena

AINAlbany International Corp.

$2B

Q3 2023 Earnings

Consumer Cyclical Apparel - Manufacturers

Income Statement

Revenue

$281M+7.9% YoY

Gross Profit

$102M36.2% margin

Operating Income

$40M14.3% margin

Net Income

$27M9.6% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

+2.5%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$45M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$869M

Stockholders' Equity

$915M

Cash & Equivalents

$172M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$281M	$261M	+7.9%
Gross Profit	$102M	$100M	+1.3%
Operating Income	$40M	$54M	-25.3%
Net Income	$27M	$11M	+153.5%

Revenue Segments

Machine Clothing

$167M59%

Albany Engineered Composites

$115M41%