Albany International Corporation (AIN)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	423,718	400,949	399,607	397,496	389,782	388,765	380,314	381,449	378,391	373,634	368,894	370,146	371,072	376,354	393,159	395,361	397,660	388,960	377,253	363,771
Revenue (ttm)	US$ in thousands	1,127,205	1,085,916	1,071,101	1,052,195	1,027,602	996,333	962,423	937,136	913,292	900,890	882,355	873,190	889,853	925,016	986,423	1,038,464	1,054,073	1,047,973	1,028,773	1,010,273
Gross profit margin		37.59%	36.92%	37.31%	37.78%	37.93%	39.02%	39.52%	40.70%	41.43%	41.47%	41.81%	42.39%	41.70%	40.69%	39.86%	38.07%	37.73%	37.12%	36.67%	36.01%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $423,718K ÷ $1,127,205K
= 37.59%

The gross profit margin for Albany International Corp. has shown a decreasing trend over the past eight quarters, with figures ranging from 36.91% in Q4 2023 to 40.11% in Q1 2022. This decline indicates that the company's profitability from its core business operations has been gradually diminishing over time. It is notable that the gross profit margin was at its peak in Q1 2022 at 40.11% and has since declined steadily. This may suggest challenges in managing the costs of goods sold relative to sales revenue, impacting the company's ability to generate profit from its core activities. Further analysis of the company's cost structure and pricing strategies may be warranted to address this declining trend in gross profit margin.