Albany International (AIN) Tops Q4 EPS by 1c
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Albany International Reports Fourth-Quarter Results
February 5, 2018 5:00 PM ESTFourth-quarter Highlights
Net sales were $226.7 million, an increase of 6.4% compared to 2016 (see Table 1). Net income attributable to the Company was $3.7 million ($0.12 per share), including a net charge of $6.8 million ($0.21 per share) for income tax adjustments resulting primarily from changes in U.S. tax laws. Q4 2016 Net income attributable to the Company was $15.8 million ($0.49 per share), including a net benefit of $2.5 million ($0.08 per share) from income tax adjustments. Net income attributable to the Company, excluding adjustments (a non-GAAP measure), was $0.43 per share, compared to $0.36 per share in Q4 2016 (see Table 18).... More