Albany International Corporation (AIN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 159,966 | 151,907 | 123,102 | 130,009 | 131,234 | 139,329 | 175,569 | 166,753 | 165,640 | 158,080 | 153,604 | 156,479 | 140,420 | 147,410 | 161,338 | 162,079 | 177,182 | 166,466 | 152,322 | 140,729 |
| 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 |
| Pretax margin | 14.19% | 13.99% | 11.49% | 12.36% | 12.77% | 13.98% | 18.24% | 17.79% | 18.14% | 17.55% | 17.41% | 17.92% | 15.78% | 15.94% | 16.36% | 15.61% | 16.81% | 15.88% | 14.81% | 13.93% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $159,966K ÷ $1,127,205K
= 14.19%
The pretax margin of Albany International Corp. has been relatively stable over the past eight quarters, ranging from a low of 11.53% in Q2 2023 to a high of 18.03% in Q3 2022. The company's pretax margin measures the efficiency of its operations in generating profits before accounting for taxes. The downward trend in the pretax margin from Q3 2022 to Q2 2023 may indicate a decrease in profitability or an increase in expenses during that period. However, the slight uptick in Q4 2023 suggests a potential improvement in profitability. It is essential for Albany International Corp. to closely monitor and manage its costs to sustain or enhance its pretax margin in the future.