Albany International(US:AIN)2021-12-15 20:03Company Overview - Albany International Corp operates in two segments: Albany Engineered Composites (AEC) and Machine Clothing (MC)[12] - The company has a global operating footprint of 23 plants across 11 countries and over 4,000 employees[12] - Albany International Corp has paid cash dividends each quarter since Q4 2001, currently at $0.20 per share[12] Financial Performance - Albany International Corp's net sales grew 11% CAGR from 2016 to 2019[15] - Net sales declined 15% from 2019 to 2020[15] - Adjusted EBITDA increased 50% from 2017 to 2020[15] - The company's revenue outlook for FY 2021 is $900 million - $920 million[77] - Capital expenditures for FY 2021 are projected to be $40 million - $50 million[77] - Adjusted EBITDA for FY 2021 is forecasted to be $230 million - $240 million[77] Segment Performance - AEC's revenue in FY2020 was $328 million[62] - MC holds approximately 30% global market share of fabrics and process felts[37] - The company's net debt (absolute) is $80 million, with a net leverage (absolute) of 032x as of Q3 2021[102]