AIN Earnings Prediction
The chart below shows how AIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AIN sees a -0.13% change in stock price 10 days leading up to the earnings, and a +1.50% change 10 days following the report. On the earnings day itself, the stock moves by +0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
AIN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
298.39M
6.15%
-10.12%
Gross Margin
30.29%
-16.40%
-10.52%
Operating Margin
9.20%
-41.36%
-32.15%
Net Margin
6.11%
-36.75%
-17.99%
EPS
0.57
-34.48%
-27.85%
No Data Available
AIN Earnings Analysis
Albany International Corp Class A Corporation (AIN.N) Earnings Conference Call
Positive
Net Sales Increase: Consolidated net sales came in at $298 million, up 6.1% from the third quarter of last year.
Machine Clothing Sales Growth: Machine Clothing net sales of $183 million increased 9.9% versus the third quarter of the prior year, driven by Heimbach.
Free Cash Flow Increase: Free cash flow was $32 million with positive operating cash flow of $47 million, bringing year-to-date free cash flow to $78 million versus $25 million in the prior year.
Strong Financial Position: Our balance sheet remains strong with a cash balance of over $127 million and $440 million of borrowing capacity under our committed credit facility.
EBITDA Decline Analysis: Adjusted EBITDA was $54 million for the third quarter versus $65 million in the prior year period, reflecting improved operations across the business.
Negative
Sales Growth Analysis: Consolidated net sales came in at $298 million, up 6.1% from the third quarter of last year, but negatively impacted by continued weakness in Europe and mixed markets in Asia.
Sales Decline Analysis: Organic sales for Machine Clothing for the period declined 1% year-over-year, largely due to sales delays from the SAP implementation.
Net Sales Stability: A.E.C net sales of $115 million were largely flat versus the third quarter of 2023 on a GAAP basis, inclusive of a $16 million negative top line impact from the E.A.C adjustments in the quarter.
Quarterly Net Income Decline: GAAP net income attributable to the company for the quarter was $18 million compared to $27 million last year, with the reduction largely due to the E.A.C adjustments, negatively impacting net income by $17 million.
Earnings Per Share Decline: GAAP diluted EPS was $0.57 per share in this quarter versus $0.87 in the same period last year, with the reduction primarily related to the E.A.C adjustments, which negatively impacted diluted EPS by $0.55 per share.
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AIN Earning Call Sentiment
Albany International Corp. (AIN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AIN.N
2.29%Positive
The earnings call presents a mixed picture: strong cash flow and Machine Clothing performance are offset by challenges in AEC and declining margins. The Q&A reveals management's confidence in future growth but lacks specific guidance, particularly regarding the LEAP program and classified work. Despite positive elements like increased free cash flow and a strong balance sheet, the uncertainty and lack of detailed guidance temper enthusiasm. The market cap suggests moderate sensitivity to these factors, leading to a neutral prediction for stock price movement.
