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Tuesday, 11 May 2010 06:28

Albany International Reports First-Quarter Results

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First-Quarter Highlights

Net income per share was $0.14 in the first quarter of 2010, including restructuring charges of $0.07 per share.

Net loss per share was $0.63 in the first quarter of 2009, including restructuring charges of $0.51, and a gain of $0.06 related to an extinguishment of debt.

Q1 2010 net sales were $213.9 million, an increase of 2.2 percent compared to Q1 2009.

EBITDA was $26.2 million in the first quarter of 2010, compared to $2.0 million in the first quarter of 2009.  Q1 2010 EBITDA was reduced by restructuring charges of $3.1 million.  EBITDA in Q1 2009 was reduced by $17.2 million related to restructuring charges, while a gain on extinguishment of debt improved EBITDA by $2.8 million.

See attached file for entire release

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