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 (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.
Albany Engineered Composites (NYSE: AIN), a segment of Albany International, announced it will exhibit at CAMX 2026, held September 21–24, 2026 at the Georgia World Congress Center in Atlanta, at booth K26.
The company will feature its Advanced Composite Solutions portfolio, a vertically integrated suite of engineering and manufacturing capabilities for demanding aerospace and defense applications, including commercial aerospace, missiles, space and advanced air mobility. Albany will showcase eight solution areas: 3D-woven structures, out-of-autoclave processing, high-temperature composites, design for manufacturing, metal replacement solutions, braided architectures, autoclave processing and filament winding.
Albany International (NYSE: AIN) announced that its Board of Directors has declared a quarterly dividend of $0.28 per share on its Class A common stock. The dividend will be paid on October 7, 2026, to shareholders of record as of September 1, 2026.
Albany International (NYSE:AIN) reported Q2 2026 net revenue of $329.5 million, up 6% from $311.4 million in Q2 2025. Net income attributable to the company rose to $17.4 million, with diluted EPS of $0.61, increases of 90% and 97% year-over-year, respectively. Adjusted EBITDA was $57.8 million and Adjusted EPS $0.82, up 11.5% and 45%.
Engineered Composites net revenue grew 14.2% in constant currency, with Adjusted EBITDA margin improving to 13.3% from 8.5%, driven by commercial and defense programs. Machine Clothing net revenue declined 2.4% in constant currency and its Adjusted EBITDA margin slipped to 28.0%. Albany ended the quarter with $77.3 million in cash and $450.7 million of debt, and provided Q3 2026 revenue guidance of $320–$330 million and Adjusted EPS of $0.60–$0.70.