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AIN| Name | Value |
|---|---|
| Revenues | 298.4M |
| Cost of Revenue | 208.0M |
| Gross Profit | 90.4M |
| Operating Expense | 65.2M |
| Operating I/L | 25.2M |
| Other Income/Expense | -5.7M |
| Interest Income | 0.0M |
| Pretax | 19.5M |
| Income Tax Expense | 1.3M |
| Net Income/Loss | 18.0M |
Albany International Corp. operates in the textile and materials processing business through its Machine Clothing (MC) and Albany Engineered Composites (AEC) segments. The MC segment designs, manufactures, and markets paper machine clothing for various paper and industrial applications, including forming, pressing, and drying fabrics, as well as process belts. The AEC segment specializes in 3D-woven and injected composite components for aircraft engines and composite airframe and engine components for military and commercial aircraft. The company generates revenue by providing these specialized materials and components to customers in the United States, Switzerland, Brazil, China, France, Mexico, and internationally.
