Albany International (AIN) Tops Q4 EPS by 23c, FY21 Guidance Misses

Albany International (NYSE: AIN) reported Q4 EPS of $0.89, $0.23 better than the analyst estimate of $0.66. Revenue for the quarter came in at $226.9 million versus the consensus estimate of $209.36 million.

GUIDANCE:

Albany International sees FY2021 EPS of $2.40-$2.80, versus the consensus of $3.11. Albany International sees FY2021 revenue of $850-890 million, versus the consensus of $900 million.

• Total company revenue of between $850 and $890 million;
• Effective income tax rate, including tax adjustments, of 28% to 30%;
• Total company depreciation and amortization of between $70 and $75 million;
• Capital expenditures in the range of $50 to $60 million;
• GAAP and Adjusted earnings per share of between $2.40 and $2.80;
• Total company Adjusted EBITDA of $195 to $220 million;
• Machine Clothing revenue of $570 to $590 million;
• Machine Clothing Adjusted EBITDA of between $195 and $205 million;
• Albany Engineered Composites (AEC) revenue between $275 to $295 million; and
• Albany Engineered Composites Adjusted EBITDA of $55 to $65 million.

For earnings history and earnings-related data on Albany International (AIN) click here.

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