Joseph Gaug - Albany International Associate General Counsel, Assistant Secretary

AIN Stock  USD 87.57  0.66  0.75%   

Executive

Mr. Joseph M. Gaug is the Associate General Counsel, Assistant Secretary of Albany International Corporation since 2020.
Age 61
Tenure 4 years
Phone603 330 5800
Webhttps://www.albint.com
Gaug joined the Company in 2004. He has served the Company as Associate General Counsel since 2004 and as Assistant Secretary since 2006. Prior to 2004, he was a principal with McNamee, Lochner, Titus & Williams, P.C., a law firm located in Albany, New York.

Albany International Management Efficiency

The company has Return on Asset of 0.0659 % which means that on every $100 spent on assets, it made $0.0659 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1217 %, implying that it generated $0.1217 on every 100 dollars invested. Albany International's management efficiency ratios could be used to measure how well Albany International manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of April 2024, Return On Tangible Assets is likely to grow to 0.07, while Return On Capital Employed is likely to drop 0.10. At this time, Albany International's Non Currrent Assets Other are very stable compared to the past year. As of the 23rd of April 2024, Other Current Assets is likely to grow to about 68.2 M, while Total Assets are likely to drop about 1.2 B.
The company has 514.86 M in debt with debt to equity (D/E) ratio of 0.55, which is OK given its current industry classification. Albany International has a current ratio of 4.18, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Albany International until it has trouble settling it off, either with new capital or with free cash flow. So, Albany International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Albany International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Albany to invest in growth at high rates of return. When we think about Albany International's use of debt, we should always consider it together with cash and equity.

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Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. Albany International Corp. was incorporated in 1895 and is headquartered in Rochester, New Hampshire. Albany International operates under Textile Manufacturing classification in the United States and is traded on New York Stock Exchange. It employs 4100 people. Albany International (AIN) is traded on New York Stock Exchange in USA. It is located in 216 Airport Drive, Rochester, NH, United States, 03867 and employs 5,600 people. Albany International is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

Albany International Leadership Team

Elected by the shareholders, the Albany International's board of directors comprises two types of representatives: Albany International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Albany. The board's role is to monitor Albany International's management team and ensure that shareholders' interests are well served. Albany International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Albany International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christine Standish, Independent Director
Joseph Morone, CEO and President and Executive Director
Joseph Gaug, Associate General Counsel, Assistant Secretary
Lee Wortham, Independent Director
John Cassidy, Independent Director
John Scannell, Independent Director
Katharine Plourde, Independent Director
Gunnar Kleveland, CEO President
J McQuade, Independent Director
Stephen Nolan, Chief Financial Officer, Treasurer
Olivier Jarrault, President, Chief Executive Officer, Director
Greg Harwell, Group President – Albany Engineered Composites (AEC)
John Standish, Independent Vice Chairman of the Board
David Pawlick, Principal Accounting Officer, Vice President, Controller
John Cozzolino, CFO and Corporate Treasurer
A Higgins, President, Chief Executive Officer, Director
Edgar Hotard, Independent Director
Christina Alvord, Director
John Hobbs, Director Relations
Diane Loudon, President - Albany Engineered Composites
William Higgins, Director
Kenneth Krueger, Independent Director
Andrew Higgins, CEO Pres
Robert Starr, Executive CFO
Mark Murphy, Independent Director
Susan Siegel, Vice Communications
Robert Hansen, Senior Vice President, Chief Technology Officer
Daniel Halftermeyer, President of Machine Clothing
Elisabeth Indriani, Principal Accounting Officer, Vice President Controller
John Tedone, Controller VP
Charles Silva, Vice President General Counsel, Secretary
Russell Toney, Director
Gregory Harwell, Group President – Albany Engineered Composites (AEC)
Dawne Wimbrow, Vice President - Global Information Services, CIO
Erland Kailbourne, Independent Chairman of the Board
Alice McCarvill, Chief Human Resource Officer, Executive Vice President - Human Resources

Albany Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Albany International a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Albany International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Albany International's short interest history, or implied volatility extrapolated from Albany International options trading.

Pair Trading with Albany International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Albany International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Albany International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Albany Stock

  0.69MI Marshall Ilsley Corp Downward RallyPairCorr

Moving against Albany Stock

  0.52DSHK Drive ShackPairCorr
  0.47VIRC Virco Manufacturing Report 26th of April 2024 PairCorr
The ability to find closely correlated positions to Albany International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albany International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Albany International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Albany International to buy it.
The correlation of Albany International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Albany International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albany International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Albany International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Albany International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Albany International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Albany International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Albany International Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albany International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Albany Stock, please use our How to Invest in Albany International guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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When running Albany International's price analysis, check to measure Albany International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Albany International is operating at the current time. Most of Albany International's value examination focuses on studying past and present price action to predict the probability of Albany International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albany International's price. Additionally, you may evaluate how the addition of Albany International to your portfolios can decrease your overall portfolio volatility.
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Is Albany International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Albany International. If investors know Albany will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Albany International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Albany International is measured differently than its book value, which is the value of Albany that is recorded on the company's balance sheet. Investors also form their own opinion of Albany International's value that differs from its market value or its book value, called intrinsic value, which is Albany International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Albany International's market value can be influenced by many factors that don't directly affect Albany International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.