Intrinsic value of Albany International Cl A - AIN

Previous Close

$68.87

  Intrinsic Value

$22.23

stock screener

  Rating & Target

str. sell

-68%

Previous close

$68.87

 
Intrinsic value

$22.23

 
Up/down potential

-68%

 
Rating

str. sell

We calculate the intrinsic value of AIN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  18.90
  17.51
  16.26
  15.13
  14.12
  13.21
  12.39
  11.65
  10.98
  10.39
  9.85
  9.36
  8.93
  8.53
  8.18
  7.86
  7.58
  7.32
  7.09
  6.88
  6.69
  6.52
  6.37
  6.23
  6.11
  6.00
  5.90
  5.81
  5.73
  5.65
Revenue, $m
  1,027
  1,207
  1,403
  1,615
  1,843
  2,087
  2,345
  2,619
  2,906
  3,208
  3,524
  3,854
  4,198
  4,556
  4,929
  5,316
  5,719
  6,137
  6,572
  7,024
  7,494
  7,983
  8,491
  9,020
  9,571
  10,146
  10,744
  11,368
  12,019
  12,699
Variable operating expenses, $m
  902
  1,056
  1,224
  1,405
  1,601
  1,809
  2,030
  2,264
  2,511
  2,769
  3,017
  3,300
  3,594
  3,901
  4,220
  4,552
  4,897
  5,255
  5,628
  6,015
  6,417
  6,835
  7,271
  7,724
  8,196
  8,687
  9,200
  9,734
  10,292
  10,874
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  902
  1,056
  1,224
  1,405
  1,601
  1,809
  2,030
  2,264
  2,511
  2,769
  3,017
  3,300
  3,594
  3,901
  4,220
  4,552
  4,897
  5,255
  5,628
  6,015
  6,417
  6,835
  7,271
  7,724
  8,196
  8,687
  9,200
  9,734
  10,292
  10,874
Operating income, $m
  125
  151
  179
  210
  243
  278
  315
  354
  395
  439
  506
  554
  603
  655
  708
  764
  822
  882
  945
  1,010
  1,077
  1,147
  1,220
  1,297
  1,376
  1,458
  1,544
  1,634
  1,728
  1,825
EBITDA, $m
  219
  257
  299
  344
  393
  444
  499
  558
  619
  683
  750
  821
  894
  970
  1,050
  1,132
  1,218
  1,307
  1,400
  1,496
  1,596
  1,700
  1,808
  1,921
  2,038
  2,161
  2,288
  2,421
  2,560
  2,704
Interest expense (income), $m
  0
  28
  36
  45
  54
  65
  76
  88
  101
  114
  129
  143
  159
  175
  192
  210
  228
  247
  267
  288
  309
  332
  355
  379
  404
  430
  457
  486
  515
  546
  578
Earnings before tax, $m
  98
  115
  135
  156
  178
  202
  227
  253
  281
  310
  363
  395
  428
  463
  498
  536
  575
  615
  657
  700
  745
  793
  841
  892
  946
  1,001
  1,059
  1,119
  1,182
  1,247
Tax expense, $m
  26
  31
  36
  42
  48
  54
  61
  68
  76
  84
  98
  107
  116
  125
  135
  145
  155
  166
  177
  189
  201
  214
  227
  241
  255
  270
  286
  302
  319
  337
Net income, $m
  71
  84
  98
  114
  130
  147
  165
  185
  205
  227
  265
  288
  312
  338
  364
  391
  419
  449
  479
  511
  544
  579
  614
  652
  690
  731
  773
  817
  863
  910

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,590
  1,868
  2,172
  2,500
  2,854
  3,230
  3,631
  4,053
  4,499
  4,966
  5,455
  5,966
  6,498
  7,053
  7,629
  8,229
  8,853
  9,500
  10,174
  10,873
  11,601
  12,357
  13,144
  13,963
  14,816
  15,705
  16,631
  17,597
  18,605
  19,657
Adjusted assets (=assets-cash), $m
  1,590
  1,868
  2,172
  2,500
  2,854
  3,230
  3,631
  4,053
  4,499
  4,966
  5,455
  5,966
  6,498
  7,053
  7,629
  8,229
  8,853
  9,500
  10,174
  10,873
  11,601
  12,357
  13,144
  13,963
  14,816
  15,705
  16,631
  17,597
  18,605
  19,657
Revenue / Adjusted assets
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
  0.646
Average production assets, $m
  654
  769
  894
  1,029
  1,174
  1,329
  1,494
  1,668
  1,851
  2,043
  2,245
  2,455
  2,674
  2,902
  3,140
  3,386
  3,643
  3,909
  4,187
  4,474
  4,774
  5,085
  5,409
  5,746
  6,097
  6,463
  6,844
  7,241
  7,656
  8,089
Working capital, $m
  238
  280
  325
  375
  428
  484
  544
  608
  674
  744
  818
  894
  974
  1,057
  1,143
  1,233
  1,327
  1,424
  1,525
  1,630
  1,739
  1,852
  1,970
  2,093
  2,221
  2,354
  2,493
  2,637
  2,788
  2,946
Total debt, $m
  665
  829
  1,008
  1,202
  1,410
  1,633
  1,869
  2,118
  2,381
  2,657
  2,945
  3,246
  3,561
  3,888
  4,228
  4,582
  4,950
  5,332
  5,729
  6,142
  6,571
  7,018
  7,482
  7,965
  8,469
  8,993
  9,539
  10,109
  10,704
  11,325
Total liabilities, $m
  938
  1,102
  1,281
  1,475
  1,684
  1,906
  2,142
  2,392
  2,654
  2,930
  3,218
  3,520
  3,834
  4,161
  4,501
  4,855
  5,223
  5,605
  6,002
  6,415
  6,844
  7,291
  7,755
  8,238
  8,742
  9,266
  9,813
  10,383
  10,977
  11,598
Total equity, $m
  652
  766
  890
  1,025
  1,170
  1,324
  1,489
  1,662
  1,844
  2,036
  2,236
  2,446
  2,664
  2,892
  3,128
  3,374
  3,630
  3,895
  4,171
  4,458
  4,756
  5,067
  5,389
  5,725
  6,075
  6,439
  6,819
  7,215
  7,628
  8,060
Total liabilities and equity, $m
  1,590
  1,868
  2,171
  2,500
  2,854
  3,230
  3,631
  4,054
  4,498
  4,966
  5,454
  5,966
  6,498
  7,053
  7,629
  8,229
  8,853
  9,500
  10,173
  10,873
  11,600
  12,358
  13,144
  13,963
  14,817
  15,705
  16,632
  17,598
  18,605
  19,658
Debt-to-equity ratio
  1.020
  1.080
  1.130
  1.170
  1.210
  1.230
  1.260
  1.270
  1.290
  1.300
  1.320
  1.330
  1.340
  1.340
  1.350
  1.360
  1.360
  1.370
  1.370
  1.380
  1.380
  1.390
  1.390
  1.390
  1.390
  1.400
  1.400
  1.400
  1.400
  1.410
Adjusted equity ratio
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  71
  84
  98
  114
  130
  147
  165
  185
  205
  227
  265
  288
  312
  338
  364
  391
  419
  449
  479
  511
  544
  579
  614
  652
  690
  731
  773
  817
  863
  910
Depreciation, amort., depletion, $m
  93
  106
  119
  134
  150
  167
  185
  204
  223
  244
  244
  267
  291
  315
  341
  368
  396
  425
  455
  486
  519
  553
  588
  625
  663
  702
  744
  787
  832
  879
Funds from operations, $m
  165
  190
  218
  248
  280
  314
  350
  388
  429
  471
  509
  555
  603
  653
  705
  759
  815
  874
  934
  998
  1,063
  1,131
  1,202
  1,276
  1,353
  1,433
  1,517
  1,604
  1,695
  1,790
Change in working capital, $m
  38
  42
  46
  49
  53
  56
  60
  63
  67
  70
  73
  77
  80
  83
  86
  90
  93
  97
  101
  105
  109
  113
  118
  123
  128
  133
  139
  145
  151
  158
Cash from operations, $m
  127
  148
  172
  198
  227
  257
  290
  325
  362
  401
  436
  479
  523
  570
  619
  669
  722
  777
  834
  893
  954
  1,018
  1,084
  1,153
  1,225
  1,300
  1,378
  1,459
  1,544
  1,632
Maintenance CAPEX, $m
  -60
  -71
  -84
  -97
  -112
  -128
  -144
  -162
  -181
  -201
  -222
  -244
  -267
  -291
  -315
  -341
  -368
  -396
  -425
  -455
  -486
  -519
  -553
  -588
  -625
  -663
  -702
  -744
  -787
  -832
New CAPEX, $m
  -103
  -115
  -125
  -135
  -145
  -155
  -165
  -174
  -183
  -192
  -201
  -210
  -219
  -228
  -237
  -247
  -257
  -267
  -277
  -288
  -299
  -311
  -324
  -337
  -351
  -366
  -381
  -398
  -415
  -433
Cash from investing activities, $m
  -163
  -186
  -209
  -232
  -257
  -283
  -309
  -336
  -364
  -393
  -423
  -454
  -486
  -519
  -552
  -588
  -625
  -663
  -702
  -743
  -785
  -830
  -877
  -925
  -976
  -1,029
  -1,083
  -1,142
  -1,202
  -1,265
Free cash flow, $m
  -37
  -37
  -36
  -34
  -30
  -25
  -19
  -11
  -3
  7
  12
  24
  37
  51
  66
  81
  97
  114
  132
  150
  168
  188
  208
  228
  250
  272
  294
  318
  342
  367
Issuance/(repayment) of debt, $m
  149
  164
  179
  194
  208
  222
  236
  250
  263
  276
  288
  301
  314
  327
  340
  354
  368
  382
  397
  413
  429
  446
  464
  483
  503
  524
  547
  570
  595
  621
Issuance/(repurchase) of shares, $m
  33
  30
  26
  21
  15
  7
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  182
  194
  205
  215
  223
  229
  236
  250
  263
  276
  288
  301
  314
  327
  340
  354
  368
  382
  397
  413
  429
  446
  464
  483
  503
  524
  547
  570
  595
  621
Total cash flow (excl. dividends), $m
  145
  157
  169
  181
  193
  204
  217
  238
  260
  283
  301
  326
  352
  378
  406
  435
  465
  496
  529
  562
  598
  634
  672
  712
  753
  796
  841
  888
  937
  988
Retained Cash Flow (-), $m
  -104
  -114
  -125
  -135
  -145
  -155
  -164
  -173
  -183
  -192
  -200
  -209
  -218
  -227
  -237
  -246
  -256
  -266
  -276
  -287
  -298
  -310
  -323
  -336
  -350
  -364
  -380
  -396
  -413
  -431
Prev. year cash balance distribution, $m
  22
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  63
  43
  45
  46
  48
  50
  53
  65
  78
  91
  100
  116
  133
  151
  170
  189
  210
  231
  253
  276
  299
  324
  349
  376
  403
  432
  461
  492
  523
  556
Discount rate, %
  6.30
  6.62
  6.95
  7.29
  7.66
  8.04
  8.44
  8.86
  9.31
  9.77
  10.26
  10.78
  11.31
  11.88
  12.47
  13.10
  13.75
  14.44
  15.16
  15.92
  16.72
  17.55
  18.43
  19.35
  20.32
  21.33
  22.40
  23.52
  24.70
  25.93
PV of cash for distribution, $m
  59
  38
  36
  35
  33
  31
  30
  33
  35
  36
  34
  34
  33
  31
  29
  26
  23
  20
  17
  14
  12
  9
  7
  5
  4
  3
  2
  1
  1
  1
Current shareholders' claim on cash, %
  98.3
  97.0
  96.1
  95.4
  95.1
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9
  94.9

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company's Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications. The Machine Clothing segment also supplies customized, consumable fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. Its Albany Engineered Composites segment includes Albany Safran Composites, LLC (ASC), in which its customer SAFRAN Group owns interest and provides engineered composite structures based on its technology to customers in the aerospace and defense industries.

FINANCIAL RATIOS  of  Albany International Cl A (AIN)

Valuation Ratios
P/E Ratio 41.7
Price to Sales 2.8
Price to Book 4.4
Price to Tangible Book
Price to Cash Flow 27.6
Price to Free Cash Flow 315.9
Growth Rates
Sales Growth Rate 9.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 43.1%
Cap. Spend. - 3 Yr. Gr. Rate 2.7%
Financial Strength
Quick Ratio 4
Current Ratio 0
LT Debt to Equity 85.2%
Total Debt to Equity 95.5%
Interest Coverage 0
Management Effectiveness
Return On Assets 4.7%
Ret/ On Assets - 3 Yr. Avg. 4.7%
Return On Total Capital 6%
Ret/ On T. Cap. - 3 Yr. Avg. 6.2%
Return On Equity 10.5%
Return On Equity - 3 Yr. Avg. 9.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 38.6%
Gross Margin - 3 Yr. Avg. 39%
EBITDA Margin 18.6%
EBITDA Margin - 3 Yr. Avg. 17.4%
Operating Margin 11.8%
Oper. Margin - 3 Yr. Avg. 10.2%
Pre-Tax Margin 10%
Pre-Tax Margin - 3 Yr. Avg. 8.8%
Net Profit Margin 6.8%
Net Profit Margin - 3 Yr. Avg. 6.8%
Effective Tax Rate 32.1%
Eff/ Tax Rate - 3 Yr. Avg. 19.5%
Payout Ratio 41.5%

AIN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AIN stock intrinsic value calculation we used $863.717 million for the last fiscal year's total revenue generated by Albany International Cl A. The default revenue input number comes from 0001 income statement of Albany International Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AIN stock valuation model: a) initial revenue growth rate of 18.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.3%, whose default value for AIN is calculated based on our internal credit rating of Albany International Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Albany International Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AIN stock the variable cost ratio is equal to 88.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AIN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Albany International Cl A.

Corporate tax rate of 27% is the nominal tax rate for Albany International Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AIN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AIN are equal to 63.7%.

Life of production assets of 9.2 years is the average useful life of capital assets used in Albany International Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AIN is equal to 23.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $569.768 million for Albany International Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 29 million for Albany International Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Albany International Cl A at the current share price and the inputted number of shares is $2.0 billion.

RELATED COMPANIES Price Int.Val. Rating
XRM Xerium Technol 13.49 6.38  str.sell
KAI Kadant 87.12 418.50  str.buy
NDSN Nordson 112.07 112.07  hold
CRWS Crown Crafts 5.81 5.79  hold
NCS NCI Building S 10.70 17.65  hold
RAVN Raven Industri 38.23 33.20  hold

COMPANY NEWS

▶ Albany International Declares Dividend   [Dec-14-18 11:26AM  Business Wire]
▶ Albany International: 3Q Earnings Snapshot   [06:55PM  Associated Press]
▶ Albany International Announces Earnings Release Date   [Oct-11-18 01:15PM  Business Wire]
▶ G.research Aerospace & Defense Conference   [Sep-12-18 09:06AM  Business Wire]
▶ Why Albany International Corp (NYSE:AIN) Could Be A Buy   [Sep-05-18 12:47PM  Simply Wall St.]
▶ Albany International Declares Dividend   [Aug-30-18 10:23AM  Business Wire]
▶ Gabelli & Companys Aerospace & Defense Conference   [Aug-07-18 07:30AM  Business Wire]
▶ Albany International: 2Q Earnings Snapshot   [06:53PM  Associated Press]
▶ Albany International Announces Earnings Release Date   [Jul-10-18 12:30PM  Business Wire]
▶ Gabelli & Companys Aerospace & Defense Conference   [Jun-28-18 07:30AM  Business Wire]
▶ Albany International Declares Dividend   [May-11-18 10:00AM  Business Wire]
▶ Albany International: 1Q Earnings Snapshot   [May-07-18 07:05PM  Associated Press]
▶ Albany International Announces Earnings Release Date   [Apr-12-18 12:00PM  Business Wire]
▶ Albany International Announces New Director Nominee   [Feb-23-18 05:00PM  Business Wire]
▶ Albany International Declares Dividend   [03:50PM  Business Wire]
▶ Albany International posts 4Q profit   [Feb-05-18 05:50PM  Associated Press]
▶ Albany International Announces New CEO   [05:00PM  Business Wire]
▶ Albany International Announces Earnings Release Date   [Jan-16-18 10:30AM  Business Wire]
▶ Albany International Declares Dividend   [Dec-15-17 10:40AM  Business Wire]
▶ Albany International posts 3Q profit   [Oct-30-17 06:23PM  Associated Press]
▶ Albany International Announces Earnings Release Date   [Oct-11-17 09:35AM  Business Wire]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.