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Albany International (Albany International) EBIT : $181 Mil (TTM As of Dec. 2023)


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What is Albany International EBIT?

Albany International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $181 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Albany International's annualized ROC % for the quarter that ended in Dec. 2023 was 9.09%. Albany International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Albany International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.86%.


Albany International EBIT Historical Data

The historical data trend for Albany International's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Albany International EBIT Chart

Albany International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 197.86 155.41 183.32 149.82 180.62

Albany International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.94 41.00 50.01 40.01 49.60

Competitive Comparison of Albany International's EBIT

For the Textile Manufacturing subindustry, Albany International's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Albany International's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Albany International's EV-to-EBIT falls into.



Albany International EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $181 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Albany International  (NYSE:AIN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Albany International's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=167.344 * ( 1 - 22.64% )/( (1403.193 + 1443.672)/ 2 )
=129.4573184/1423.4325
=9.09 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1790.25 - 215.551 - ( 171.506 - max(0, 242.797 - 856.374+171.506))
=1403.193

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1835.014 - 217.922 - ( 173.42 - max(0, 248.679 - 877.964+173.42))
=1443.672

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Albany International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=198.4/( ( (566.974 + max(283.447, 0)) + (601.989 + max(258.664, 0)) )/ 2 )
=198.4/( ( 850.421 + 860.653 )/ 2 )
=198.4/855.537
=23.19 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(256.852 + 180.991 + 61.155) - (215.551 + 0 + 0)
=283.447

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(272.351 + 169.567 + 53.872) - (217.922 + 7.127 + 12.077)
=258.664

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Albany International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=180.623/3080.242
=5.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Albany International EBIT Related Terms

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Albany International (Albany International) Business Description

Traded in Other Exchanges
Address
216 Airport Drive, Rochester, NH, USA, 03867
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
Executives
Gunnar Kleveland director, officer: President and CEO C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Robert Alan Hansen officer: Senior Vice President & CTO C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
John J Tedone officer: VP - Controller & CAO 501 DUNN ROAD, COVENTRY CT 06238
Robert D. Starr officer: CFO & Treasurer 10 STOCKBRIDGE DRIVE, AVON CT 06001
Elisabeth Indriani officer: CAO & Corporate Controller C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
John Michael Mcquade director C/O ALBANY INTERNATIONAL CORP, 216 AIRPORT DRIVE, ROCHESTER NH 03867
Katharine Plourde director 120 EAST END AVE, NEW YORK NY 10028
Erland E Kailbourne director C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203
Russell Toney director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Christina M Alvord director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Daniel A Halftermeyer officer: President, MC C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Christine L Standish director C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
David M Pawlick officer: Vice President-Controller C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Alice Mccarvill officer: Exec VP Human Resources C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Gregory N Harwell officer: President- AEC C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867

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