Albany International Corporation · NYSE:AIN
Albany International — Q3 2018 Earnings Presentation
8 slides from Albany International's earnings presentation, Oct 30, 2018
Slide 1: Q3 Financial Performance
Q3 Financial PerformanceOctober 30, 2018 www.albint.com | AIN | #albint
Slide 2: Non-GAAP Items and Forward-Looking Statements
‘Non-GAAP’ Items and Forward-Looking Statements This presentation contains the following non-GAAP measures:Percentage changes in net sales, excluding currency rate effects (for each segment, and the Company as a whole);Adjusted EBITDA (for each segment, and the Company as a whole; absolute and as a
Slide 3: Net Sales by Segment
Net Sales by Segment 3 (in thousands, except percentages) Net SalesThree Months endedSeptember 30, 2018 2017 PercentChange Impact of Changesin CurrencyTranslation Rates Increase /(decrease) due to ASC 606 Percent Changeexcluding Currency Rate and ASC 606 Effects Machine Clothing (MC) $158,971 $150,6
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by Quarter 4 Includes 7.3% impact from profitability revision in two AEC contracts
Slide 5: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 5 Three Months ended September 30, 2018 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Operating income/(loss) (GAAP) $50,310 $3,612 $(12,477) $41,445 Interest, taxes, other income/ex
Slide 6: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 6 Nine Months ended September 30, 2018 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Operating income/(loss) (GAAP) $131,921 $9,979 $(36,940) $104,960 Interest, taxes, other income/e
Slide 7: Earnings Per Share
Earnings Per Share 7 *Includes $0.31 charge for AEC contract revisions Per share amounts (Basic) Three Months endedSeptember 30, 2018 2017 Nine Months endedSeptember 30, 2018 2017 * Net income attributable to the Company, as reported (GAAP) $0.87 $0.47 $2.13 $0.85 Adjustments: Restructuring expenses
Slide 8: Total Debt (GAAP) and Net Debt (non-GAAP)
Total Debt (GAAP) and Net Debt* (non-GAAP) $ thousands 8 * Total debt less cash see table 22 for reconciliation of total debt to net debt