Albany International Reports Fourth-Quarter Results
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Albany International (AIN) Reports In-Line Q4 EPS, Revenues Beat
February 11, 2019 5:03 PM ESTAlbany International (NYSE: AIN) reported Q4 EPS of $0.74, in-line with the analyst estimate of $0.74. Revenue for the quarter came in at $251.6 million versus the consensus estimate of $242.23 million.
Net sales were $251.6 million, an increase of 11.0% compared to 2017 (see Table 2). Excluding the impact of adoption of the ASC 606 revenue recognition standard and currency translation effects, Net sales increased 14.5% (see Table 3).Net income attributable to the Company was $17.6 million ($0.55 per share), compared to $5.9 million ($0.18 per share) in Q4 2017. Q4 2018 Net income attributable to the Company was increased by $2.5 million ($0.08 per share) as a... More