Albany International (AIN) Misses Q1 EPS by 3c
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Albany International Reports First-Quarter Results
May 4, 2015 5:00 PM EDTFirst-Quarter Financial Highlights
Net sales were $181.3 million, an increase of 0.6 percent compared to Q1 2014. Excluding currency effects, net sales increased 7.0 percent (see Table 1). Adjusted EBITDA for Q1 2015 was $41.5 million, compared to $37.8 million in Q1 2014 (see Tables 6 and 7). Q1 2015 income attributable to the Company was $0.38 per share. Earnings were reduced by restructuring charges of $0.18 and income tax adjustments of $0.01, and were increased by foreign currency revaluation gains of $0.10 and a gain on the sale of an investment of $0.02 (see Table 10). Q1 2014 income attributable... More