ALBANY INTERNATIONAL CORP DE
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
AIN$68.92-1.6%Stored close · as of Nov 10, 2026
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Consolidated statements of income – three months ended and
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net revenues | $313,330 | $269,096 |
| Cost of goods sold | 204,644 | 169,778 |
| Gross profit | 108,686 | 99,318 |
| Selling, general, and administrative expenses | 54,835 | 48,479 |
| Technical and research expenses | 12,665 | 10,277 |
| Restructuring expenses, net | 2,209 | 20 |
| Operating income | 38,977 | 40,542 |
| Interest expense/(income), net | 3,319 | 3,290 |
| Other (income)/expense, net | (2,982) | (455) |
| Income before income taxes | 38,640 | 37,707 |
| Income taxes | 11,271 | 10,621 |
| Net income | 27,369 | 27,086 |
| Net income attributable to the noncontrolling interest | 78 | 197 |
| Net income attributable to the Company | $27,291 | $26,889 |
| Earnings per share attributable to Company shareholders - Basic | $0.87 | $0.86 |
| Earnings per share attributable to Company shareholders - Diluted | $0.87 | $0.86 |
| Shares of the Company used in computing earnings per share: | ||
| Basic | 31,209 | 31,131 |
| Diluted | 31,291 | 31,217 |
| Dividends declared per Class A share | $0.26 | $0.25 |
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