Albany International (AIN) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Albany International reported a revenue of $323.58 million for the quarter ended December 2023, reflecting a year-over-year increase of 20.4% [1] - The earnings per share (EPS) for the quarter was $1.22, up from $0.75 in the same quarter last year, indicating a significant improvement [1] - The revenue exceeded the Zacks Consensus Estimate by 7.13%, while the EPS surpassed the consensus estimate by 45.24% [1] Revenue Performance - Albany Engineered Composites generated revenue of $131.84 million, exceeding the average estimate of $113.92 million by two analysts, marking an 11.3% year-over-year increase [2] - Machine Clothing revenue was reported at $191.74 million, surpassing the average estimate of $188.12 million, with a year-over-year change of 27.5% [2] Segment Income - Segment income for Albany Engineered Composites was $14.13 million, compared to the estimated $12.23 million by two analysts [2] - Segment income for Machine Clothing was reported at $45.98 million, slightly below the average estimate of $47.58 million [2] Stock Performance - Albany International's shares have returned +2.2% over the past month, while the Zacks S&P 500 composite increased by +4.7% during the same period [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]