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Exhibit 99.1
Albany International Reports Fourth-Quarter Results
Fourth-Quarter Financial Highlights
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.
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Albany International Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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Albany International Corp provided additional information to their SEC Filing as exhibits
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