Macquarie Starts Albany International (AIN) at Outperform
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Albany International Reports Third-Quarter Results
October 27, 2015 5:00 PM EDTThird-Quarter Financial Highlights
Net sales were $178.8 million, a decrease of 0.6% compared to Q3 2014. Excluding currency effects, net sales increased 4.7% (see Table 1). Adjusted EBITDA was $42.0 million, compared to $33.5 million in Q3 2014 (see Tables 6 and 7). Q3 2015 income attributable to the Company was $0.30 per share, compared to $0.37 in Q3 2014. Excluding adjustments (see Table 15), income attributable to the Company was $0.47 per share, compared to $0.31 in Q3 2014. Year-to-date net sales were $532.4 million, a decrease of 3.8%. Excluding currency effects, year-to-date net sales increased 1.9% compared to 2014 (see Table 8).... More