Albany International (AIN) Tops Q2 EPS by 15c
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Albany International Reports Third-Quarter Results
October 30, 2017 5:00 PM EDTThird-quarter Financial Highlights
Net sales were $222.1 million, an increase of 16.1% compared to 2016 (see Table 1). Net income attributable to the Company was $15.3 million ($0.47 per share), compared to $13.1 million ($0.41 per share) in Q3 2016. Net income attributable to the Company, excluding adjustments (a non-GAAP measure), was $0.57 per share, compared to $0.41 per share in Q3 2016 (see Table 17). Adjusted EBITDA (a non-GAAP measure) was $51.9 million, compared to $42.7 million in Q3 2016 (see Tables 8 and 9). Q3 2017 Adjusted EBITDA includes a $2.0 million insurance recovery gain related to the theft... More