Albany International Corporation · NYSE:AIN
Albany International — Q3 2017 Earnings Presentation
8 slides from Albany International's earnings presentation, Oct 30, 2017
Slide 1: Q3 Financial Performance
Q3 Financial PerformanceOctober 30, 2017
Slide 2: 'Non-GAAP' Items and Forward-Looking Statements
‘Non-GAAP’ Items and Forward-Looking StatementsThis 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 p
Slide 3: Net Sales by Segment
Net Sales by Segment 3 (in thousands, except percentages) Net SalesThree Months endedSeptember 30, 2017 2016 PercentChange Impact of Changesin CurrencyTranslation Rates Percent Changeexcluding Currency Rate Effect Machine Clothing (MC) $150,694 $143,248 5.2% $1,771 4.0% Albany Engineered Composites
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by QuarterPercentage of Net Sales 4 Includes 7.3% impact from profitability revision in two AEC contracts
Slide 5: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment - Three Months
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 5 Three Months ended September 30, 2017 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Operating income/(loss) (GAAP) $42,674 $(9,301) $(11,070) $22,303 Interest, taxes, other income/
Slide 6: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment - Nine Months
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 6 Nine Months ended September 30, 2017 (in thousands) Machine Clothing Albany Engineered Composites* Corporate expenses and other Total Company Operating income/(loss) (GAAP) $119,352 $(32,242) $(33,523) $53,587 Interest, taxes, other incom
Slide 7: Earnings Per Share
7 Earnings Per Share Per share amounts (Basic) Three Months endedSeptember 30, 2017 2016 Nine Months endedSeptember 30, 2017 2016 Net income attributable to the Company, as reported (GAAP) $0.47 $0.41 $0.85* $1.15 Adjustments: Restructuring expenses, net 0.11 0.01 0.20 0.15 Discrete tax adjustments
Slide 8: Total Debt (GAAP) and Net Debt (non-GAAP)
Total Debt (GAAP) and Net Debt* (non-GAAP)$ thousands 8 *Total debt less cash see table 19 for reconciliation of total debt to net debt