Albany international corp. (AIN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net sales

1,054,132

982,479

863,717

779,839

709,868

745,345

757,414

760,941

787,287

742,887

737,621

Cost of goods sold

656,431

632,730

567,434

478,555

431,182

453,710

466,860

455,545

473,121

460,914

484,335

Gross profit

397,701

349,749

296,283

301,284

278,686

291,635

290,554

305,396

314,166

281,973

253,286

Selling, general, and administrative expenses

163,651

156,189

162,942

158,358

146,192

147,198

157,688

169,774

174,395

160,126

168,709

Technical and research expenses

37,569

40,582

41,174

40,306

44,753

59,128

55,667

52,962

55,846

53,391

52,529

Restructuring expenses, net

2,905

15,570

13,491

8,488

23,846

5,759

25,108

7,061

9,317

3,747

68,174

Pension settlement expense

-

-

-

-

-

-8,190

0

-119,735

0

0

-

Operating income

193,576

137,408

78,676

94,132

63,895

71,360

52,091

-44,136

74,608

64,709

-36,126

Interest income

2,729

2,118

1,511

2,077

1,857

1,541

1,468

1,517

2,027

1,165

741

Interest expense, net

19,650

20,242

18,602

15,541

11,841

12,254

15,227

18,118

20,148

18,405

21,368

Other expense/(income), net

1,557

-4,037

-6,877

-2,402

-2,433

6,853

-7,256

-7,629

-2,639

976

49,700

Income before income taxes

178,212

115,247

54,708

78,266

51,478

67,500

31,076

-68,366

53,848

48,445

-7,053

Income tax expense

44,829

32,228

22,123

25,454

-5,787

25,751

13,372

-27,523

32,582

21,022

14,440

Net income

133,383

83,019

32,585

52,812

57,265

41,749

17,658

30,977

34,938

-

-

Income from continuing operations before earnings of associated companies

-

-

-

-

-

-

-

-

-

-

-21,493

Equity in (earnings)/losses from associated companies

-

-

-

-

-

-

-

-

-

-

32

Income from continuing operations

-

-

-

-

-

-

17,704

-40,843

21,266

27,423

-21,461

Loss from operations of discontinued businesses

-

-

-

-

-

-

-75

4,776

24,101

16,073

-12,061

Gain on sale of discontinued businesses

-

-

-

-

-

-

-

92,296

0

0

-

Income tax benefit on discontinued operations

-

-

-

-

-

-

-29

25,252

10,429

5,860

-64

Loss from discontinued operations

-

-

-

-

-

-

-46

71,820

13,672

10,213

-11,997

Net (loss)/income attributable to the noncontrolling interest

985

128

-526

79

-14

180

141

0

0

-

-

Net income attributable to the Company

132,398

82,891

33,111

52,733

57,279

41,569

17,517

30,977

34,938

37,636

-33,458

Earnings per share attributable to Company shareholders - Basic
Less dividends declared

-

-

-

-

-

-

-

-

-

-

14,704

Income from continuing operations

-

-

-

-

-

-

0.55

-1.30

0.68

0.88

-0.70

Discontinued operations

-

-

-

-

-

-

0.00

2.29

0.44

0.33

-0.39

Earnings per share attributable to Company shareholders - Basic

4.10

2.57

1.03

1.64

1.79

1.31

0.55

0.99

1.12

1.21

-1.09

Earnings per share attributable to Company shareholders - Diluted
Income from continuing operations

-

-

-

-

-

-

0.55

-1.30

0.67

0.88

-0.70

Discontinued operations

-

-

-

-

-

-

0.00

2.27

0.44

0.33

-0.39

Earnings per share attributable to Company shareholders - Diluted

4.10

2.57

1.03

1.64

1.79

1.30

0.55

0.97

1.11

1.21

-1.09

Shares of the Company used in computing earnings per share:
Dividends declared per share, Class A and Class B

0.73

0.69

0.68

0.68

0.67

0.63

0.59

0.55

0.51

0.48

0.48