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Albany International Corp (AIN) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Albany International Corp

CIK: 1848323 Ticker: AIN

Exhibit 99.1

Albany International Reports Fourth-Quarter Results

Fourth-Quarter Financial Highlights

  • Net sales were $191.7 million, an increase of 1.1 percent compared to Q4 2013.
  • Adjusted EBITDA for Q4 2014 was $36.3 million, compared to $33.6 million in Q4 2013 (see Tables 6 and 7).
  • Q4 2014 income attributable to the Company was $0.25 per share. Earnings were reduced by restructuring charges of $0.04 and a pension settlement charge of $0.16, and were increased by foreign currency revaluation gains of $0.10 (see Tables 10 and 14).
  • Q4 2013 income attributable to the Company was $0.27 per share. Earnings were reduced by foreign currency revaluation losses of $0.03, and were increased by a credit to restructuring of $0.03, income tax adjustments of $0.02 and income from discontinued operations of $0.01 (see Tables 11 and 14).

ROCHESTER, N.H.--(BUSINESS WIRE)--February 9, 2015--Albany International Corp. (NYSE:AIN) reported Q4 2014 income attributable to the Company of $7.9 million, including charges of $0.2 million for income tax adjustments. Income attributable to the Company in Q4 2013 was $8.7 million, including favorable income tax adjustments of $0.6 million and income from discontinued operations of $0.3 million.

Income before taxes in Q4 2014 was $12.4 million, including restructuring charges of $1.7 million, a pension settlement charge of $8.2 million, and gains of $4.9 million from foreign currency revaluation. Income before taxes in Q4 2013 was $15.5 million, including a credit to restructuring of $2.1 million and foreign currency revaluation losses of $1.6 million.


The following information was filed by Albany International Corp (AIN) on Monday, February 9, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income/(loss)
Consolidated Statements Of Income
Accounting Policies
Accounting Policies (narrative) (details)
Accounting Policies (policies)
Accounting Policies (schedule Of Accounts Receivable) (details)
Accounting Policies (schedule Of Foreign Currency Transaction Gains And Losses) (details)
Accounting Policies (schedule Of Inventories) (details)
Accounting Policies (tables)
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (narrative) (details)
Accumulated Other Comprehensive Income (schedule Of Accumulated Other Comprehensive Income) (details)
Accumulated Other Comprehensive Income (schedule Of Items Reclassified To Statement Of Income) (details)
Accumulated Other Comprehensive Income (tables)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (schedule Of Changes In Claims) (details)
Commitments And Contingencies (tables)
Discontinued Operations
Discontinued Operations (narrative) (details)
Discontinued Operations (schedule Of Operating Results) (details)
Discontinued Operations (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair-value Measurements
Fair-value Measurements (narrative) (details)
Fair-value Measurements (schedule Of (losses)/gains On Changes In Fair Value Of Derivative Instruments) (details)
Fair-value Measurements (schedule Of Fair Value Of Financial Assets And Liabilities) (details)
Fair-value Measurements (tables)
Financial Instruments
Financial Instruments (narrative) (details)
Financial Instruments (schedule Of Long-term Debt) (details)
Financial Instruments (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (schedule Of Changes In Intangible Assets And Goodwill) (details)
Goodwill And Other Intangible Assets (schedule Of Estimated Amortization Expense) (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits) (details)
Income Taxes (reconciliation Of The U.s. Federal Statutory Tax Rate To The Company's Effective Income Tax Rate) (details)
Income Taxes (schedule Of Amounts Previously Reported In 2013 Consolidated Balance Sheet, Correction, And 2013 Amounts In Accompanying Consolidated Balance Sheet) (details)
Income Taxes (schedule Of Components Of Deferred Income Tax Expense/(benefit)) (details)
Income Taxes (schedule Of Components Of Income Tax Expense) (details)
Income Taxes (schedule Of Current Taxes Payable And Deferred) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Income/(loss) From Continuing Operations) (details)
Income Taxes (schedule Of Non-current Income Taxes Receivable And Deferred) (details)
Income Taxes (tables)
Noncontrolling Interest
Noncontrolling Interest (details)
Noncontrolling Interest (tables)
Other (income)/expenses, Net
Other (income)/expenses, Net (details)
Other (income)/expenses, Net (tables)
Other Noncurrent Liabilities
Other Noncurrent Liabilities (details)
Other Noncurrent Liabilities (tables)
Pensions And Other Postretirement Benefit Plans
Pensions And Other Postretirement Benefit Plans (narrative) (details)
Pensions And Other Postretirement Benefit Plans (reconciliation Of Level 3 Assets) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of (gains)/losses Recognized In Other Comprehensive Income) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Amounts That Will Be Amortized From Accumulated Other Comprehensive Income) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Asset Allocation) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Error Correction And Reclassification Of Plan Assets) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Expected Cash Flows) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Fair Value Of Plan Assets) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Funded Status Of Plans And Composition Of Accrued Pension Cost) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Net Periodic Benefit Plan Cost) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Pension Plans With Projected Benefit Obligation And Accumulated Benefit Obligation In Excess Of Plan Assets) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Plan Assets) (details)
Pensions And Other Postretirement Benefit Plans (schedule Of Plan Benefit Obligations) (details)
Pensions And Other Postretirement Benefit Plans (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Quarterly Financial Data
Quarterly Financial Data (narrative) (details)
Quarterly Financial Data (schedule Of Quarterly Data) (details)
Quarterly Financial Data (tables)
Reportable Segments And Geographic Data
Reportable Segments And Geographic Data (narrative) (details)
Reportable Segments And Geographic Data (schedule Of Financial Data By Geographic Area) (details)
Reportable Segments And Geographic Data (schedule Of Financial Data By Reporting Segment) (details)
Reportable Segments And Geographic Data (schedule Of Operating Assets And Capital Expenditures By Reporting Segment) (details)
Reportable Segments And Geographic Data (schedule Of Restructuring Costs By Reporting Segment) (details)
Reportable Segments And Geographic Data (tables)
Restructuring
Restructuring (narrative) (details)
Restructuring (schedule Of Restructuring Charges) (details)
Restructuring (schedule Of Restructuring Liability) (details)
Restructuring (tables)
Shareholders' Equity
Shareholders' Equity (narrative) (details)
Shareholders' Equity (schedule Of Activity In Shareholders' Equity) (details)
Shareholders' Equity (tables)
Stock Options And Incentive Plans
Stock Options And Incentive Plans (narrative) (details)
Stock Options And Incentive Plans (schedules Of Executive Management Share-based Compensation Activity) (details)
Stock Options And Incentive Plans (schedules Of Other Share-based Compensation Activity) (details)
Stock Options And Incentive Plans (schedules Of Stock Option Activity) (details)
Stock Options And Incentive Plans (tables)
Translation Adjustments
Translation Adjustments (schedule Of Cumulative Translation Adjustments) (details)
Translation Adjustments (schedule Of Effect Of Translation On Cash Flow) (details)
Translation Adjustments (tables)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (details)
Ticker: AIN
CIK: 819793
Form Type: 10-K Annual Report
Accession Number: 0000891092-15-001671
Submitted to the SEC: Fri Feb 27 2015 11:50:53 AM EST
Accepted by the SEC: Fri Feb 27 2015
Period: Wednesday, December 31, 2014
Industry: Broadwoven Fabric Mills Man Made Fiber And Silk

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