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AIN

Albany InternationalA
NYSE / Capital Goods
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2026-06-02
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2026-05-12
Investor release

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Earnings documents stored for AIN.

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Investor releaseQuarter not tagged2026-05-12

Assessing Albany International (AIN) After Q1 Earnings Update And New Revenue Guidance

Simply Wall St.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Albany International (AIN) has drawn fresh attention after reporting first quarter 2026 results that combined higher sales with lower net income, alongside new revenue guidance for the second quarter. See our latest analysis for Albany International. Investors have reacted to the Q1 update and new Q2 revenue guidance with a mixed tone, as the share price is at $61.42 and the stock shows a 17.35% year to date share price return. However, the 5 year total shareholder return is down 23.89%, suggesting that recent momentum contrasts with weaker longer term outcomes. If this kind of earnings driven move has you looking beyond Albany International, it could be a good moment to widen your search with the 19 top founder-led companies With Albany International trading at $61.42, carrying a low value score of 2, a recent decline in annual net income, and a 5 year total return down 23.89%, is there genuine upside here, or has the market already priced in future growth? At a last close of $61.42 versus a narrative fair value of $56.25, Albany International is framed as modestly overvalued, with that view built on detailed long term forecasts and a 9.04% discount rate. Read the complete narrative. The core narrative leans on a sharp swing from losses to profits, coupled with a future earnings multiple that sits well below many peers. Curious which revenue path and margin profile need to materialise, and how buybacks and discounting tie those moving parts into one price tag driven story? Result: Fair Value of $56.25 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on the paper-focused Machine Clothing segment avoiding deeper structural declines, and on concentrated aerospace programs not hitting delays or contract setbacks. Find out about the key risks to this Albany International narrative. While the narrative model suggests Albany International is overvalued by around 9%, the simple P/S yardstick paints a more mixed picture. The stock trades on a 1.4x P/S, cheaper than the US Machinery peer average of 2.1x and above its own 1x fair ratio, pointing to some valuation stretch. That gap implies the market already prices in a better future t...

Investor releaseQuarter not tagged2026-05-01

Albany International Q1 Earnings Call Highlights

MarketBeat

Albany reported Q1 revenue of $311.3 million (up 7.8% YoY) but adjusted EBITDA declined to $48.2 million from $55.7 million as the mix shifted toward Engineered Composites (lower margins) and foreign-exchange and Machine Clothing volume headwinds weighed on results. Segments diverged: Engineered Composites revenue jumped to $145.4 million driven by program ramps (S35, LEAP, 787, CH-53K) and a new Pratt & Whitney contract, while Machine Clothing fell to $166 million amid China softness and earlier equipment downtime that management expects to recover by year-end. Looking ahead Albany guides Q2 revenue of $335–$345 million and adjusted EPS of $0.70–$0.80, expects modest sequential improvement in Machine Clothing and continued composites growth, and finished the quarter with net debt of about $354 million and roughly $446 million of available capital. Interested in Albany International Corporation? Here are five stocks we like better. Albany International (NYSE:AIN) reported first-quarter 2026 revenue of $311.3 million, up 7.8% year-over-year, as growth in Engineered Composites more than offset softer Machine Clothing volumes in Asia. The company delivered adjusted EBITDA of $48.2 million, down from $55.7 million a year ago, as the revenue mix shifted toward Engineered Composites, which CFO Will Station said carries “structurally lower margins,” and as foreign exchange and Machine Clothing volume headwinds weighed on results. President and CEO Gunnar Kleveland said the company entered 2026 as “a more focused and disciplined organization with a clear strategy centered on our core strengths,” emphasizing safety, quality, and on-time delivery. Kleveland also addressed the conflict in the Middle East, saying Albany has been “continuously monitoring and working closely with our suppliers and customers,” and that the company had not seen impacts to date beyond “slight adjustment to delivery routes.” He added that raw materials are generally protected through long-term or customer-directed contracts. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Kleveland said demand conditions across end markets “stabilized in the Q1,” while noting increased demand tied to certain weapons programs. He said the company is “maximizing production on key programs” and highlighted that Engineered Composites volume increased across key programs due to higher production rates a...

Investor releaseQuarter not tagged2026-05-01

Albany International Corp. Q1 2026 Earnings Call Summary

Moby

Performance was driven by broad-based growth in Engineered Composites (AEC), specifically across F-35, LEAP, and 787 programs, which offset volume declines in Machine Clothing (MC). Management attributed the MC revenue decline to overcapacity in the Chinese paper market, where high investment in new machines has led to overproduction and limited visibility. Operational recovery from an early Q1 equipment failure in the MC segment progressed faster than anticipated, with plans to relocate machinery from a closed facility for a long-term fix. The AEC segment is prioritizing higher-value applications like 3D weaving and resin transfer molding to serve propulsion, missile, and space exploration markets. Geopolitical tensions in the Middle East have not materially impacted the supply chain, though management has made slight delivery route adjustments and is maximizing production for weapons programs. AEC margins were impacted by a shift in revenue mix, specifically the inclusion of CH-53K AFT program revenue which is currently booked at zero margin following 2025 strategic actions. Q2 consolidated revenue is projected between $335 million and $345 million, assuming modest sequential volume improvement in Machine Clothing following typical seasonality. The company expects to fully recover lost production volume from the Q1 equipment malfunction by the end of the year, contingent on current equipment operating as expected. Management maintains a conservative outlook for the China market due to uncertainty regarding how long it will take for paper inventory levels to normalize. The strategic review of the Salt Lake City facility is on schedule, with marketing materials being finalized for interested parties following a stand-alone analysis with PwC. Growth in the AEC segment is expected to continue, supported by a robust pipeline of new business opportunities and increasing production rates for the LEAP engine and missile systems. The effective tax rate increased to 33.1% from 26.6% due to the absence of favorable discrete items present in the prior year. Operating income was pressured by higher nonrecurring and restructuring expenses, contributing to a margin decline to 8.1%. A new contract was secured with Pratt & Whitney for composite components on the Geared Turbofan, leveraging AEC's high-performance composite expertise. Customer requests have pushed production...

Investor releaseQuarter not tagged2026-04-30

What To Expect From Albany’s (AIN) Q1 Earnings

StockStory

Industrial equipment and engineered products manufacturer Albany (NYSE:AIN) will be announcing earnings results this Thursday before market open. Here’s what to expect. Albany beat analysts’ revenue expectations last quarter, reporting revenues of $321.2 million, up 12% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates. Is Albany a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Albany’s revenue to decline 2.7% year on year, improving from the 7.8% decrease it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Albany has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Albany’s peers in the general industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Crane delivered year-on-year revenue growth of 24.9%, beating analysts’ expectations by 3.8%, and GE Aerospace reported revenues up 29%, topping estimates by 8.3%. Crane traded down 2.9% following the results while GE Aerospace was also down 9%. Read our full analysis of Crane’s results here and GE Aerospace’s results here. There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 14.1% on average over the last month. Albany is up 8.2% during the same time and is heading into earnings with an average analyst price target of $56.25 (compared to the current share price of $54.59). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

Investor releaseQuarter not tagged2026-04-30

Albany International Reports First-Quarter 2026 Results

Business Wire

Q1 2026 net revenue of $311.3 million, compared to $288.8 million in Q1 2025. Q1 2026 net income attributable to the Company of $15.3 million, or diluted earnings per share (EPS) of $0.54, compared to net income of $17.4 million, or diluted EPS of $0.56, in the prior year. Adjusted EBITDA of $48.2 million in Q1 2026 and Adjusted EPS per diluted share of $0.60, compared to $55.7 million and $0.73 in Q1 2025. Paid $7.9 million in dividends and invested $9.3 million in capital in the first quarter, continuing its commitment of balanced capital allocation. PORTSMOUTH, N.H., April 30, 2026--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2026, which ended March 31, 2026. Gunnar Kleveland, Albany International’s President and Chief Executive Officer said, "Over the past year, we have taken steps to de-risk the business by addressing underperforming areas and sharpening our focus on profitable growth. This has driven a strong start to 2026, with results at the top end of our expectations." Kleveland continued, "Momentum built throughout the first quarter, with a particularly strong finish in March. Machine Clothing was able to recover a significant portion of lost production related to an equipment failure and Engineered Composites delivered solid performance driven by broad based volume growth across both commercial and defense." Consolidated Results The Company’s net revenues were $311.3 million in the first quarter of 2026, compared to $288.8 million in the prior year, or $302.1 million on a same currency basis. The increase was primarily driven by higher volume in the Engineered Composites business, partially offset by softness in the Asia markets and downtime related to an equipment failure in the Machine Clothing business. Gross profit of $99.8 million in the first quarter of 2026 was 3.4% higher than $96.5 million reported for the same period of 2025, as a result of strong sales in the Engineered Composites business. Selling, general, and administrative expenses were $58.3 million in the first quarter of 2026, compared to $53.8 million in the same period of 2025, driven primarily by increases in personnel costs as well as costs associated with the planned divestiture of the Amelia Earhart facility. Operating income was $25.4 million, compared to $28.3 million in the prior year, a decrease of 10...

Investor releaseQuarter not tagged2026-04-30

Albany International Shares Slightly Lower After Q1 Adjusted Earnings Decline

MT Newswires

Albany International (AIN) shares were down 0.1% in Thursday early trading after the company's Q1 ad

Investor releaseQuarter not tagged2026-04-30

Albany International (AIN) Q1 Earnings and Revenues Top Estimates

Zacks

Albany International (AIN) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.09%. A quarter ago, it was expected that this textile and composite maker would post earnings of $0.64 per share when it actually produced earnings of $0.65, delivering a surprise of +1.56%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Albany International, which belongs to the Zacks Textile - Products industry, posted revenues of $311.33 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 10.30%. This compares to year-ago revenues of $288.77 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Albany International shares have added about 14.4% since the beginning of the year versus the S&P 500's gain of 4.2%. While Albany International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Albany International was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You c...

Investor releaseQuarter not tagged2026-04-30

Albany International: Q1 Earnings Snapshot

Associated Press

PORTSMOUTH, N.H. (AP) — PORTSMOUTH, N.H. (AP) — Albany International Corp. (AIN) on Thursday reported first-quarter net income of $15.3 million. The Portsmouth, New Hampshire-based company said it had profit of 54 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share. The textile and composite maker posted revenue of $311.3 million in the period. For the current quarter ending in June, Albany International expects its per-share earnings to range from 70 cents to 80 cents. The company said it expects revenue in the range of $335 million to $345 million for the fiscal second quarter. Albany International shares have risen 14% since the beginning of the year. The stock has dropped 13% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIN at https://www.zacks.com/ap/AIN

TranscriptFY2026 Q12026-04-30

FY2026 Q1 earnings call transcript

Earnings source - 12 paragraphs
Operator

Thank you for standing by. My name is Cass, and I will be your operator for today. At this time, I would like to welcome everyone to the First Quarter 2026 Albany International Corp. Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Karen Blomquist, Director of Investor Relations. Please go ahead.

Karen Blomquist

Thank you, operator, and good morning, everyone. Welcome to Albany International's First Quarter 2026 Earnings Call. As a reminder for those listening on the call, please refer to our press release issued this morning detailing our quarterly financial results. Contained in the text of the release is a notice regarding our forward-looking statements and the use of certain non-GAAP financial measures and their reconciliation to GAAP. For the purposes of this conference call, those same statements apply to our verbal remarks this morning. Additionally, our remarks today may reference our earnings presentation, which is available on the Investor Relations section of our website, albint.com. Today, we will make statements that are forward-looking and contain a number of risks and uncertainties, which could cause actual results to differ from those expressed or implied. For a full discussion of these risks and uncertainties, please refer to both our earnings release of April 30, 2026, as well as our SEC filings, including our 10-Q and our 10-K. Now I'll turn the call over to Gunnar Kleveland, our President and CEO, who will provide opening remarks. Gunnar?

Gunnar Kleveland

Thank you, Karen. Good morning, and welcome, everyone. Thank you for joining our first quarter earnings call. We entered 2026 as a more focused and disciplined organization with a clear strategy centered on our core strengths. Our culture begins with caring for our people, and it was an honor to recently have our Engineered Composites segment recognized as one of America's safest companies. Safety is a priority at Albany and is embedded in how we design processes and operate each day. And a strong safety culture translates to a strong quality culture. This operational philosophy is also manifested in our outstanding on-time delivery performance. Our focus on safety, quality and operational excellence creates a solid foundation for our reliable operations, while our value proposition remains grounded in our shared expertise in industrial weaving and material science, which connects our two businesses and differentiates us in the markets we serve. I'd like to take a minute to address the conflict in the Middle East. We're continuously monitoring and working closely with our suppliers and customers. And to date, we have not seen any impact and have made only slight adjustment to delivery routes. Raw materials are generally protected by either long-term contracts or customer-directed contracts. We will continue to monitor and work to minimize any supply chain risk. At the same time, we're seeing increased demand on our weapons programs and are maximizing production on key programs. In Machine Clothing, the team did an outstanding job taking corrective actions to make up the downtime of a machine malfunction, and we expect that recovery to be completed in the back half of the year. More broadly, demand conditions across our end markets stabilized in the first quarter. In Engineered Composites, our focus remains on refining our operating model and prioritizing higher value-add applications, particularly within our advanced weaving technologies, including 3D weaving, braiding, winding and resin transfer molding that serve end markets such as commercial and defense propulsion systems, missile production and space exploration. We're seeing volume increase across key programs, reflecting both higher production rates and the benefit of the actions we have taken over the past 12 months. Importantly, we're winning new business with new and existing customers and demand remains strong across defense platforms and the LEAP production continues to increase. Our current pipeline of new business opportunities remains robust and continues to expand as we focus on new applications where our expertise and products offer greater strength and lighter-weight solutions. We believe the actions we have taken and the trends we see across both segments position us well to drive strong free cash generation and build on the baseline we established exiting 2025. This provides us with the flexibility to continue allocating capital in a balanced and disciplined manner, including reinvesting in the business to support long-term growth while also returning cash to shareholders. Turning to the quarter. We're off to a solid start to 2026 with revenue of $311 million, up 7.8% year-over-year, which translated to adjusted EBITDA of $48 million. In Machine Clothing, revenue for the quarter was $166 million and came in ahead of our expectations across all regions, including North America, Europe and China. Despite the recent stabilization in China and improved order rates, which are positive developments, visibility beyond the near term remains limited. As we previously disclosed, at the start of the first quarter, we experienced an equipment failure at one of our facilities, and I'm pleased to report that we were able to recover more of the lost production related to the unplanned downtime than we initially anticipated in the first quarter. Assuming the equipment continues to operate as expected, we believe we are well positioned to recover the remaining lost volume by the end of the year. We are actively managing the situation and are relocating a machine from a closed facility to have a long-term solution in place by year-end. Adjusted EBITDA margin for MC was 25.9%. On a constant currency, margins were stable, driven by a meaningful improvement across Europe as we continue to realize the benefits of integration activities. Turning to Engineered Composites. Revenue for the quarter was $145 million compared to $114 million in the prior year. The increase was driven by broad-based growth across our programs with incremental contribution from F-35 Missile Systems, LEAP, 787 and the CH-53K. Segment adjusted EBITDA was $17 million or 11.7% of sales compared to $15 million or 13.5% of sales in the prior year. The increase in EBITDA reflects higher overall volume, while the margins in line with expectations were driven by mix, primarily the impact of CH-53K AFT program revenue, which is now booked at 0 margin following the actions taken in the third quarter of 2025. In new business developments, we're excited to announce our new contract with Pratt & Whitney for composite engine components for their Geared Turbofan. The Turbofan relies extensively on advanced composite materials to achieve its fuel efficiency, noise reduction and weight targets, which strongly leverages AEC's strengths in high-performance composite structures. For both JASSM and LRASM missiles, we have been requested by our customer to increase production, bringing output to the highest level achievable within our current capabilities, including through the use of overtime. Turning to the strategic review of the Amelia Earhart facility in Salt Lake City, which houses the CH-53K program. We continue to make progress and have completed the stand-alone analysis with PwC. While it is still too early in the process for us to share any conclusions, we remain on schedule and look forward to providing an update as we move towards the resolution. As we look ahead, our priorities remain clear: disciplined execution, continued progress across both segments and driving improved profitability and cash generation. In Machine Clothing, we saw stabilization in key markets and remain focused on execution and margin recovery. In Engineered Composites, we're scaling the business, refining our operating model and prioritizing higher-value application to support long-term growth and margin expansion. We believe Albany is well positioned to deliver sustainable value for our customers and shareholders, supported by our differentiated capabilities and a more focused, disciplined approach. I would like to thank our employees for their continued dedication as well as our customers, partners and shareholders for their ongoing support. With that, I will turn the call over to Will to review the financial results in more detail.

Willard Station

Thank you, Gunnar, and good morning. Before turning to the financials, I would like to remind you that a reconciliation of GAAP to non-GAAP measures discussed today can be found in this morning's press release. First quarter revenue was $311.3 million, representing growth of 7.8% year-over-year. This increase was driven primarily by high volumes in Engineered Composites as key programs continue to ramp, partially offset by lower volumes in Machine Clothing, particularly in China. Adjusted EBIT for the quarter was $48.2 million compared to $55.7 million in the prior year, reflecting a margin of 15.5%. The year-over-year decline in margin was primarily driven by a higher mix of revenue from Engineered Composites, which carry structurally lower margins as well as lower volumes in Machine Clothing and the impact of foreign exchange. In Machine Clothing, results reflect continued softness in Asia markets, particularly in China, resulting in a modest year-over-year decline in revenue to $166 million compared to $174.7 million in the prior year. Despite this headwind, underlying trends remained stable and operational execution was solid. Adjusted EBITDA for the segment was $43 million with a margin of 25.9%. The year-over-year decline was driven primarily by foreign exchange impacts and lower volume in Asia. On a constant currency basis, margins were stable overall, supported by efficiency initiatives and integration progress. In Engineered Composites, performance was solid above our internal expectations. The revenue increased to $145.4 million from $114.1 million in the prior year. The growth was driven by higher volumes across multiple programs, including commercial aerospace platforms such as LEAP as well as defense program. The outperformance reflects both the timing of program ramps and strong execution, which enabled us to meet higher-than-anticipated demand in the quarter. Adjusted EBITDA for the segment was $16.9 million compared to $15.4 million last year. While margins declined to 11.7%, this reflects the impact of prior year items and mix, including 0 margin revenues associated with actions taken on the CH-53K AFT program in 2025. Gross profit for the quarter was $99.8 million with a margin of 32.1% compared to 33.4% in the prior year. The change reflects revenue mix with a greater contribution from Engineered Composites. Operating income was $25.4 million, representing a margin of 8.1% compared to 9.8% last year. The decline was driven by higher nonrecurring and restructuring expenses. Net interest expense increased to $5.5 million, reflecting higher borrowing costs. Other income was at a net benefit of $3.2 million, driven primarily by foreign currency and derivative impacts. The effective tax rate for the quarter was 33.1% compared to 26.6% in the prior year, largely due to the absence of favorable discrete items. Free cash flow was at a net use of $3.6 million compared to a net use of $13.5 million in the prior year period. The year-over-year improvement reflects timely customer collections. Capital expenditures totaled $9.3 million, focused on facility optimization and investments tied to key customer programs. R&D expense was $13 million, reflecting our continued commitment to innovation. We ended the quarter with $122.6 million in cash and $477 million in total debt, resulting in net debt of approximately $354 million. Including revolver availability, we have approximately $446 million of available capital, providing flexibility to support ongoing investments and return capital to shareholders. Looking ahead, current trends support a stable outlook across both segments. In Machine Clothing, we expect modest sequential improvement in volume in the second quarter following typical first quarter seasonality. Assuming no additional equipment downtime, we expect to recover the remainder of lost volume as the year progresses. In Engineered Composites, we expect continued growth supported by ongoing program ramps across both commercial and defense platforms. For the second quarter, we expect consolidated revenue in the range of $335 million to $345 million. We anticipate adjusted EPS in the range of $0.70 to $0.80 and an effective tax rate of approximately 31.5%. For the full year, in Machine Clothing, we continue to see stable demand in Europe and the Americas. And while China shows signs of stabilization, we still have limited visibility for the remainder of the year. In Engineered Composites, we expect continued growth driven by key platforms with margin levels normalizing relative to the prior year. Now I'd like to open the call up for questions.

Operator

[Operator Instructions] And your first question comes from the line of Peter Arment with Baird.

Peter Arment

Gunnar, maybe you could just give us an update on Salt Lake and discussions around CH-53K, what you can say about planned divestiture or any kind of -- anything you could kind of highlight? I know it's obviously challenging given there's ongoing negotiations.

Gunnar Kleveland

Yes. Arment, I think that the -- our performance out of our Salt Lake facility, as you can see with the performance in the first quarter has been very, very good. We stay very close to our customer and continue to deliver both for our customer on the CH-53 program as well as all the other programs as well as the war fighter. So that is the commitment that we have given through this process. The process of the strategic review is progressing to our schedule. We've -- we're in the process of finalizing the marketing material so that we can go more directly to the interested parties that have already contacted us and Guggenheim. So I would say we -- just like Will said, we are on schedule, and we are staying connected with our customer throughout this process.

Peter Arment

Appreciate that color. And if I could just ask a follow-up, unrelated, on the MC business, could you just give us a little more color on the overcapacity issue in Asia? The MC business has been such a resilient business over the years. And obviously, you've got different regions that it's in. But could you just give us a little more color on what's driving the overcapacity? Is it just economic activity or something specific?

Gunnar Kleveland

Yes. The investment in paper machines and new machines in China specifically has been very high in the last several years. And as you know, Peter, we -- to run a paper machine profitably, it needs to run at high speeds. That's where we come in, and we are -- we have the best belts for that, but they overproduced. And that overproduction, that's what we are uncertain about. How long does it take to get the paper back to a normal level so that production can pick up again. Then the other uncertainty is, is there too much production capability in China? And is this a cycle that they're going to go through because we see new builds there. The positive that we're seeing there is on tissue. We're seeing an increase in tissue and some of our process belts that are being used there continue to be in favor. So that's what we saw in the first quarter, the stabilization. We're taking a conservative outlook for the year in what's happening in China.

Operator

I'm not showing any further questions in the queue. I will now turn it back over to Gunnar Kleveland for closing remarks.

Gunnar Kleveland

All right. Thank you, Cass, and thank you, everyone, for joining us on the call today. We appreciate your continued interest in Albany. Thank you, and have a good day.

Operator

Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.

Investor releaseQuarter not tagged2026-04-17

Albany International Schedules First-Quarter 2026 Earnings Release and Conference Call

Business Wire

PORTSMOUTH, N.H., April 16, 2026--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that it will release first-quarter 2026 results on April 30, 2026, before market open. The Company will host a webcast to discuss the results at 8:30 a.m. Eastern Time on Thursday, April 30, 2026. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com or by registering via the link here. The event can also be accessed by dialing +1 (800) 715-9871 and using the access code 2964255. An archive of the webcast will be available on the website at approximately noon Eastern Time on Thursday, April 30, 2026. About Albany International Corp. Albany is a leading materials science developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses: Machine Clothing is the world’s leading producer of custom-designed consumable belts, essential for the manufacture of paper, paperboard, tissue, and towel, as well as pulp, non-wovens, and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Portsmouth, New Hampshire, operates 25 facilities in 12 countries, employs approximately 5,700 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260416420939/en/ Contacts Investor / Media Contact: Karen Blomquist Director, Investor Relations Tel +603.330.2461 EMAIL [email protected] Media Contact: Sheri Tripp Senior Manager, Corporate Communications and Marketing Tel +603.330.8317 EMAIL [email protected]

Investor releaseQuarter not tagged2026-04-03

A Look Back at General Industrial Machinery Stocks’ Q4 Earnings: Albany (NYSE:AIN) Vs The Rest Of The Pack

StockStory

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Albany (NYSE:AIN) and the rest of the general industrial machinery stocks fared in Q4. Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings. The 14 general industrial machinery stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2.9% while next quarter’s revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.4% since the latest earnings results. Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries. Albany reported revenues of $321.2 million, up 12% year on year. This print exceeded analysts’ expectations by 9.9%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ EBITDA and EPS estimates. Gunnar Kleveland, Albany International’s President and Chief Executive Officer said, “We are underway with the previously announced strategic review of our structures assembly business and its associated production site in Salt Lake City, and have engaged an advisor to help guide this transaction. This action will position the remaining Aerospace portfolio to align more closely with our strategic priorities and to pursue growth opportunities where our differentiated technologies provide a clear competitive advantage and stronger returns.” Unsurprisingly, the stock is down 9.8% since reporting and currently trades at $52.27. Read our full report on Albany here, it’s free. With 19 different brands across the globe, Columbus McKinnon (NASDAQ:CMCO) offers material handling equipment for the construction, manufacturing, and tra...

Investor releaseQuarter not tagged2026-03-12

Albany (AIN): Buy, Sell, or Hold Post Q4 Earnings?

StockStory

Albany currently trades at $56.03 per share and has shown little upside over the past six months, posting a small loss of 3.5%. The stock also fell short of the S&P 500’s 3% gain during that period. Is there a buying opportunity in Albany, or does it present a risk to your portfolio? Get the full stock story straight from our expert analysts, it’s free. We don't have much confidence in Albany. Here are three reasons there are better opportunities than AIN and a stock we'd rather own. A company’s long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Regrettably, Albany’s sales grew at a tepid 5.6% compounded annual growth rate over the last five years. This was below our standard for the industrials sector. If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. As you can see below, Albany’s margin dropped by 10.7 percentage points over the last five years. Continued declines could signal it is in the middle of an investment cycle. Albany’s free cash flow margin for the trailing 12 months was 7%. ROIC, or return on invested capital, is a metric showing how much operating profit a company generates relative to the money it has raised (debt and equity). We like to invest in businesses with high returns, but the trend in a company’s ROIC is what often surprises the market and moves the stock price. Unfortunately, Albany’s ROIC has decreased significantly over the last few years. Paired with its already low returns, these declines suggest its profitable growth opportunities are few and far between. We see the value of companies helping their customers, but in the case of Albany, we’re out. With its shares lagging the market recently, the stock trades at 23.2× forward P/E (or $56.03 per share). At this valuation, there’s a lot of good news priced in - we think there are better stocks to buy right now. We’d suggest looking at our favorite semiconductor picks and shovels play. WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded th...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook