Earnings Call Summary | Albany International(AIN.US) Q4 2023 Earnings Conference
Earnings Call Summary | Albany International(AIN.US) Q4 2023 Earnings Conference
The following is a summary of the Albany International Corp. (AIN) Q4 2023 Earnings Call Transcript:
以下是奥尔巴尼国际公司（AIN）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Albany International Corp reported Q4 net sales of $324 million, a 20.4% increase from Q4 2022, driven primarily by Heimbach.
Gross profit for Q4 was $120 million, reflecting an increase of $23 million or 22.5% compared to last year.
GAAP net income for Q4 was $30.5 million, a significant rise from last year's $18.1 million.
Adjusted EBITDA for Q4 was $75 million, a 28% increase from the prior year.
Albany generated $39 million of free cash flow and reduced its debt by over $30 million during Q4.
In 2023, Albany reported annual consolidated revenue of $1.15 billion, an 11% increase from 2022. Adjusted EBITDA rose to $265 million, a 5% increase.
Net income for 2023 was $111 million or $3.55 per share, up from $96 million or $3.04 per share in 2022.
2023 free cash flow reached $64 million, up from $32 million in 2022.
奥尔巴尼国际公司报告称，第四季度净销售额为3.24亿美元，较2022年第四季度增长20.4％，这主要是由海姆巴赫推动的。
第四季度的毛利为1.2亿美元，与去年相比增长了2300万美元，增长了22.5％。
第四季度的GAAP净收入为3,050万美元，较去年的1,810万美元大幅增长。
第四季度调整后的息税折旧摊销前利润为7,500万美元，比上年增长28％。
奥尔巴尼在第四季度创造了3,900万美元的自由现金流，并减少了超过3000万美元的债务。
2023年，奥尔巴尼公布的年度合并收入为11.5亿美元，比2022年增长11％。调整后的息税折旧摊销前利润增至2.65亿美元，增长5％。
2023年的净收入为1.11亿美元，合每股收益3.55美元，高于2022年的9,600万美元或每股3.04美元。
2023 年的自由现金流达到 6400 万美元，高于 2022 年的 3200 万美元。
Business Progress:
业务进展：
The company expects 2024 to be another strong year with double-digit top-line growth and continued attractive EBITDA margins.
Growth in the Machine Clothing business will be driven by the Heimbach acquisition, with revenues projected between $760 million to $790 million and an adjusted EBITDA between $230 million to $250 million.
The company predicts initial revenue between $500 million to $540 million and an adjusted EBITDA of between $97 million and $107 million for the AEC segment.
Their long-term growth will continue to be driven by increasing production across commercial, defense, and space programs.
The Heimbach integration efforts are on track and Albany is confident in its ability to meet the financial targets outlined at the time of the acquisition.
Albany plans to increase dividends to shareholders while continuing to prioritize capital-efficient investment in strategic partners and programs.
该公司预计，2024年将是又一个强劲的一年，收入将实现两位数的增长，息税折旧摊销前利润率持续诱人。
对海姆巴赫的收购将推动机械服装业务的增长，预计收入在7.6亿美元至7.9亿美元之间，调整后的息税折旧摊销前利润在2.3亿美元至2.5亿美元之间。
该公司预计，AEC板块的初始收入在5亿美元至5.4亿美元之间，调整后的息税折旧摊销前利润在9,700万美元至1.07亿美元之间。
它们的长期增长将继续受到商业、国防和太空计划产量的增加的推动。
海姆巴赫整合工作已步入正轨，奥尔巴尼对其实现收购时概述的财务目标的能力充满信心。
奥尔巴尼计划增加股东分红，同时继续优先考虑对战略合作伙伴和计划的资本效率投资。
More details: Albany International IR
更多详情： 奥尔巴尼国际 IR
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