Movers and SHAKERS
Thursday, May 2, 2019
Albany International (AIN)
What's in management's secret recipe for margin enhancement?
Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
Christian Herbosa, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Profitability Boost. In Q1, AIN saw meaningful improvements in profitability, increasing gross profit, operating profit, and adjusted EBITDA over Q1 last year by 18%, 135%, and 22.3% respectively. These improvements were largely driven higher net sales, as well as, labor productivity gains and overall equipment effectiveness improvements.
- Additional Guidance Provided. Management updated the previously provided 2019 guidance with enhanced details. Notably, managem...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.