Every 10-Q that Albany International Corp (AIN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIN filings page.
Albany International Corp. reported higher results for the three and six months ended June 30, 2026. Net revenues were $329.5 million versus $311.4 million a year earlier, with six‑month revenues of $640.8 million versus $600.2 million. Net income attributable to the company rose to $17.4 million from $9.2 million for the quarter and to $32.7 million from $26.5 million year‑to‑date. Diluted EPS was $0.61 for the quarter and $1.14 for the six‑month period. Gross margin was 32.7% for the quarter and 32.4% year‑to‑date.
Machine Clothing segment net revenues were $178.7 million for the quarter and $344.7 million year‑to‑date, slightly below the prior year, while Albany Engineered Composites increased to $150.8 million and $296.2 million. AEC operating income improved to $11.4 million in the quarter and $20.0 million year‑to‑date, compared with losses in 2025, while Machine Clothing operating income decreased. Consolidated restructuring expenses rose to $8.0 million for the quarter and $11.1 million year‑to‑date, mainly from Machine Clothing site consolidations.
Net cash provided by operating activities for the first half was $3.0 million, down from $34.8 million, reflecting working capital uses. Cash and cash equivalents were $77.3 million and long‑term debt $450.7 million at June 30, 2026; the leverage ratio was 1.71 and interest coverage 8.07, within covenant limits. Assets and liabilities of the Amelia Earhart Drive facility in Salt Lake City remained classified as held for sale, with $306.7 million of assets and $187.1 million of liabilities.
Albany International reported first-quarter 2026 net revenues of $311.3 million, up 7.8% from $288.8 million a year earlier, driven mainly by strong growth in the Albany Engineered Composites (AEC) segment.
Gross profit rose to $99.8 million, but gross margin slipped to 32.1% from 33.4% as product mix and higher production costs weighed on Machine Clothing (MC). MC revenue fell 5.0% to $166.0 million, and its operating margin narrowed to 19.3%.
AEC revenue increased 27.4% to $145.4 million, with gross margin improving to 17.0% and operating income climbing to $8.6 million from $1.6 million on higher volumes and better program performance. Company net income attributable to shareholders was $15.3 million versus $17.4 million, with diluted EPS at $0.54 compared with $0.56, partly reflecting a higher effective tax rate of 33.1%.
Operating cash flow improved to $5.6 million from $2.1 million on better working capital, while capital spending was $9.3 million. Cash and cash equivalents were $122.6 million and long-term debt under the revolving credit facility was $476.5 million, leaving significant available liquidity. The company continues a strategic review of its Salt Lake City Amelia Earhart Drive facility, which remains classified as held for sale.
Albany International Corp. reported a Q3 2025 net loss of $97.6 million on net revenues of $261.4 million. Operating loss was $116.5 million, driven by cumulative negative adjustments to long‑term contracts, including $147.3 million on CH‑53K programs that reduced profitability in Albany Engineered Composites (AEC). Earnings per share were −$3.37 (basic and diluted).
By segment, Q3 operating income was $43.1 million for Machine Clothing and an operating loss of $148.0 million for AEC. Year‑to‑date, net revenues were $861.6 million with a net loss of $71.2 million. Cash from operations for the first nine months was $78.8 million, while long‑term debt rose to $480.6 million under the $800 million revolver; the leverage ratio was 1.70x and the company remained in covenant compliance. The company repurchased $171.0 million of shares year‑to‑date, and Class A shares outstanding were 28.7 million as of October 15, 2025.