Welcome to our dedicated page for Albany Intl news (Ticker: AIN), a resource for investors and traders seeking the latest updates and insights on Albany Intl stock.
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) reported Q2 2025 results with net revenues of $311 million, down 6.2% year-over-year. The company faced challenges as net income decreased to $9 million ($0.31 per share) compared to $25 million ($0.79 per share) in Q2 2024.
Key financial metrics include: gross profit of $98 million (down 13.2% YoY), operating income of $22 million (vs. $43 million in 2024), and Adjusted EBITDA of $52 million (down 17.8%). The company maintained its full-year 2025 guidance, projecting revenue between $1.165-1.265 billion and Adjusted EPS of $3.00-3.40.
Performance was impacted by reduced demand in Asia, unplanned equipment downtime in Machine Clothing, and lower revenues in certain commercial and space programs in Albany Engineered Composites (AEC).
Albany International (NYSE:AIN) has appointed Willard Station as Executive Vice President and Chief Financial Officer, effective September 1, 2025. Station, 49, will succeed interim CFO Jairaj Chetnani.
Station brings significant experience from his recent role as Senior Vice President of Primary Care Sales at McKesson Medical-Surgical, where he led a team of over 1,200 executives. His background includes serving as CFO at McKesson Medical-Surgical and 16 years at Boeing, where he held senior finance positions including VP and CFO of Commercial Derivatives Airplanes.
The appointment strengthens Albany International's senior leadership team as the company focuses on executing its growth and profitability objectives.
Albany International (NYSE:AIN) has scheduled its 2025 second-quarter earnings release for Wednesday, July 30, 2025 after market close. The company will host a webcast to discuss the results on Thursday, July 31, 2025 at 9:00 a.m. Eastern Time. Investors can access the live webcast through Albany International's Investor Relations website at investors.albint.com. A replay of the webcast will be available at approximately noon Eastern Time on July 31.
Albany International (NYSE:AIN) announced a leadership transition as Chief Financial Officer Robert Starr resigns effective May 23, 2025. The company has appointed Jairaj (JC) Chetnani, current Vice President of Investor Relations and Treasurer, as interim CFO and Principal Accounting Officer while conducting a formal search for Starr's successor.
Chetnani, who joined Albany in 2023, brings over 27 years of financial experience, including 12 years in Aerospace & Defense. His expertise spans treasury, capital markets, M&A, financial planning, and investor relations. CEO Gunnar Kleveland expressed confidence in Chetnani's ability to ensure a seamless transition, citing his experience and familiarity with the company's strategy and stakeholders.
Albany International (NYSE: AIN) has announced a quarterly dividend declaration of $0.27 per share on the Company's Class A Common Stock. The dividend will be distributed to shareholders of record as of June 6, 2025, with the payment scheduled for July 8, 2025.
Albany International reported Q1 2025 results with net revenues of $289 million, down 7.8% year-over-year. The company's Machine Clothing segment saw a 5.7% decrease in revenue, while Albany Engineered Composites experienced an 11% decline.
Net income was $17 million ($0.56 per share), compared to $27 million ($0.87 per share) in Q1 2024. Adjusted EBITDA decreased 14.8% to $56 million. The company maintained its full-year 2025 guidance, projecting total revenue between $1.165-1.265 billion and adjusted earnings per share of $3.00-3.40.
CEO Gunnar Kleveland noted that business segments are executing according to plan, with Heimbach integration progressing well. The company reported minimal impact from market uncertainties and tariffs due to its regional setup for suppliers and customers.
Albany Engineered Composites has secured a significant seven-year contract from Bell Textron to manufacture composite structures components for the Bell 525 helicopter. This new partnership marks AEC's strategic expansion in the rotorcraft sector.
The agreement positions Albany International's subsidiary as a key supplier for Bell's helicopter program, with AEC President Chris Stone expressing enthusiasm about the long-term support arrangement for the 525 model. The collaboration opens doors for potential future opportunities to provide mission-critical composite components across Bell's aircraft portfolio.
This contract represents a strategic milestone in Albany's growth within the aerospace sector, particularly in rotorcraft manufacturing, while establishing a new relationship with a major industry player in Bell Textron.
Albany International (NYSE: AIN) has announced its schedule for releasing 2025 first-quarter financial results. The company will publish its Q1 2025 earnings on Wednesday, April 30, 2025, after market close. A webcast discussion of the results is scheduled for Thursday, May 1, 2025, at 9:00 a.m. Eastern Time.
Investors and interested parties can access the live webcast through Albany International's Investor Relations website at investors.albint.com. Participants can register for dial-in information through a provided web link. A replay of the webcast will be available on the company's website starting at approximately noon Eastern Time on May 1, 2025.
Albany International (NYSE:AIN) has released its 2024 Sustainability Report, showcasing the company's dedication to sustainability and innovation. The report highlights several key achievements, including:
The company's participation in World Engineering Day for Sustainable Development, demonstrating their commitment to innovation-driven sustainability solutions for customers. A significant environmental milestone was achieved through participation in a US virtual power purchase agreement, which addresses approximately 25% of their emissions.
CEO Gunnar Kleveland emphasized the company's focus on operational sustainability and community engagement initiatives. Sustainability leader Anna Yates highlighted how sustainability serves as a core value and drives innovation, resilience, and business value. The comprehensive report, available at www.albint.com/sustainability, reflects Albany International's commitment to transparency and stakeholder engagement.