Albany International Corp. reports developments for a materials science manufacturer with two core businesses: Machine Clothing, which produces custom-designed consumable belts for paper, paperboard, tissue, towel, pulp, non-wovens and industrial applications, and Albany Engineered Composites, which designs and manufactures advanced composite components for aerospace and defense platforms.
Recurring Albany International news includes operating results, dividend and capital-allocation updates, investor presentations, governance matters, and product or technology disclosures tied to engineered fabrics, high-speed process belts and advanced composite manufacturing. Company updates also cover aerospace composite applications for engine, airframe, missile, unmanned-vehicle, space and advanced air mobility markets.
Albany International (NYSE: AIN) will participate in upcoming industrial conferences hosted by Baird in Chicago and RBC Capital Markets in New York. CEO Gunnar Kleveland and Acting CFO Sean Valashinas will hold fireside chats on November 12, 2026, at 1:10 p.m. CT at Baird and November 17, 2026, at 2:00 p.m. ET at RBC. The RBC chat will be webcast live through the company’s investor relations website, with a replay available for 30 days.
Albany International (NYSE:AIN) returned to profitability in the third quarter of 2026 as revenue rose 34% from a year earlier. Revenue reached $349.5 million, and net income attributable to the company was $41.7 million, or $1.46 per diluted share, versus a $97.8 million loss, or $3.37 per share.
The completed Amelia Earhart Drive strategic review and CH-53K contract modifications contributed $44.4 million to adjusted EBITDA, which reached $100.1 million versus negative $91.1 million. Currency-adjusted Engineered Composites revenue rose 107.0%, while Machine Clothing revenue fell 3.0%. Quarterly free cash flow was approximately $36.5 million. For the fourth quarter, Albany expects revenue of $325 million–$335 million and adjusted EPS of $0.65–$0.75. Its revised effective tax rate estimate is 29.5%, down from 31.5%.
Albany International (AIN) segment Albany Engineered Composites joined a partnership to develop composite equipment for USA Bobsled/Skeleton athletes.
The collaboration includes 47G, USA Bobsled/Skeleton, Hexcel and Nammo Composite Solutions. Albany will work with USABS to manufacture next-generation composite bobsleds. Hexcel is contributing composite materials expertise, while Nammo will manufacture carbon-fiber cowlings for the team's two-man bobsleds. Announced at 47G's Zero Gravity Summit in Salt Lake City, the partnership brings aerospace and manufacturing expertise to sled development ahead of the 2034 Winter Olympics in Utah.
Albany International (AIN) expanded its hypersonic, solid rocket motor and space manufacturing capabilities through its AEC Advanced Programs subsidiary. Established in 2021, the subsidiary operates in Rochester, New Hampshire. Albany has invested more than $36 million in facilities, equipment and independent research and development.
A $21.2 million, 30-month U.S. government Industrial Base Analysis and Sustainment contract awarded in September supports carbon-carbon composite thermal protection systems. Funding will also support a teaming agreement with Lockheed Martin to pursue scalable U.S. hypersonic production. The company plans additional processing, machining and inspection capabilities as program requirements and production volumes grow.
Albany International (AIN) will host an Investor Day in New York City on December 15, 2026, featuring executive leadership presentations. Management will discuss strategic priorities, the business outlook and long-term value creation strategy.
The event begins at 8:30 a.m. ET and is expected to end at approximately noon ET. In-person attendance requires an invitation and advance registration; a live webcast will be available through the Investor Relations website.
Albany International (NYSE: AIN) will release its third-quarter 2026 results after market close on October 28, 2026.
A webcast to discuss the results will begin at 9:00 a.m. Eastern Time on October 29, 2026, accessible through investors.albint.com. An archive will be available on the website at approximately noon Eastern Time that day.
Albany International (AIN)'s AEC Advanced Programs business received a $21.2 million contract to develop thermal protection manufacturing.
The award has a 30-month period of performance under the U.S. government's Industrial Base Analysis and Sustainment program. It supports development of carbon-carbon composite thermal protection systems for hypersonic vehicles and solid rocket motors. The program focuses on establishing a vertically integrated production facility. Work includes engineering studies, facility planning, supplier selection, equipment procurement and installation, and development of production infrastructure.
Albany Engineered Composites (AIN) has reached an agreement with Boeing (BA) to continue manufacturing composite fuselage frames for the 787 Dreamliner.
The agreement covers about 300 unique composite frames, including forward sections 41 and 43 and aft section 47, produced at Albany’s Salt Lake City, Utah facility. Albany has supplied frames for sections 41 and 43 since the original Boeing award in 2014 and, in the company’s words, remains focused on supporting the 787 production ramp with consistent quality and manufacturing efficiency.
Albany International (NYSE:AIN) completed its strategic review of the Amelia Earhart Drive facility in Salt Lake City and decided to retain the site. The decision follows an amended CH-53K® helicopter contract with Sikorsky, a renegotiated Boeing 787 composite fuselage frame contract, and new defense program wins, which are expected to improve program economics and site profitability.
The CH-53K contract modification is expected to reduce program risk, reverse a reach-forward loss, and generate positive cash flow beginning in 2027 while maintaining current production scope. Albany updated its outlook: Q3 2026 consolidated net revenue guidance remains $320–$330 million, with Machine Clothing at $165–$170 million and Engineered Composites at $155–$160 million, but Adjusted EPS increases to $1.40–$1.50 from prior $0.60–$0.70. Q4 2026 guidance calls for consolidated net revenue of $325–$335 million, Machine Clothing of $170–$175 million, Engineered Composites of $155–$160 million, and Adjusted EPS of $0.65–$0.75, assuming a 31.5% effective tax rate for both quarters.
The company will host an investor webcast on September 2, 2026, at 8:30 a.m. ET.
Albany International (NYSE: AIN) announced that Executive Vice President and Chief Financial Officer Willard Station has taken a medical leave of absence. The Board appointed Sean Valashinas, currently Controller and Chief Accounting Officer, as acting CFO, effective immediately.
According to Albany International, Valashinas joined the company in 2025 after serving as Vice President of Accounting, Treasury, and Tax at Resonetics and holding senior accounting and treasury roles at Standex International from 2007 to 2024. He is a Certified Public Accountant with an Accounting degree from the University of Scranton and an MBA from Boston University. Albany International develops engineered components for paper and aerospace applications and operates 25 facilities in 12 countries with approximately 5,700 employees.