Every 8-K 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 8-K covers material events a company has to report between its quarterly 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. (AIN) completed its strategic review of the Amelia Earhart Drive facility in Salt Lake City and decided to retain the site. The decision follows new business wins, a renegotiated Boeing 787 fuselage-frame contract, and amended terms with Sikorsky on the CH-53K® helicopter program.
The amended CH-53K contract improves program financials, reduces risk, offsets projected losses, and is expected to generate positive cash flow beginning in 2027. Albany also reversed a portion of the forward loss reserve adjustment previously recorded on the CH-53K contract in its Engineered Composites segment.
Updated guidance for Q3 2026 keeps consolidated net revenue at $320–$330 million, while raising Adjusted EPS from prior guidance of $0.60–$0.70 to $1.40–$1.50, with an effective tax rate of 31.5%. For Q4 2026, Albany guides to consolidated net revenue of $325–$335 million, Adjusted EPS of $0.65–$0.75, and a 31.5% effective tax rate.
Albany International Corp. (AIN) reported that its Chief Financial Officer and principal financial officer, Willard Station, has begun a medical leave of absence effective August 31, 2026, and will not perform CFO duties during this period. The duration of the leave has not been determined.
Effective the same date, the Board appointed Sean Valashinas, the company’s Controller and Chief Accounting Officer, to serve as acting principal financial officer while continuing as principal accounting officer. Valashinas, age 55, has extensive prior experience in accounting, treasury, and tax roles at Resonetics and Standex International Corporation. The company states there are no disclosable familial relationships or related party transactions connected to his appointment and no changes to his compensation terms. A press release announcing these changes was furnished as Exhibit 99.1.
Albany International Corp. reported stronger results for the quarter ended June 30, 2026. Net revenues were $329.5 million, up 6% from $311.4 million a year earlier, driven by higher volume in the Albany Engineered Composites business, partly offset by softer demand and downtime in Machine Clothing.
Net income attributable to the Company was $17.4 million, or $0.61 per diluted share, compared with $9.2 million, or $0.31, in Q2 2025. Adjusted diluted EPS rose to $0.82 from $0.57, and Adjusted EBITDA increased to $57.8 million from $51.9 million, lifting margin to 17.6% from 16.7%.
Machine Clothing net revenues declined 2.4% year over year on a constant-currency basis and its Adjusted EBITDA margin was 28.0%, or 29.0% on a constant-currency basis. Albany Engineered Composites net revenues grew 14.2% in constant currency and expanded Adjusted EBITDA margin to 13.3% from 8.5%. The Company ended the quarter with $77.3 million of cash, total debt of $450.7 million and net debt of $373.3 million. For the third quarter of 2026, Albany guides consolidated net revenue to $320–$330 million and Adjusted EPS to $0.60–$0.70.
Albany International Corp. reported the results of its Annual Meeting of stockholders held on May 15, 2026. Stockholders voted on electing eight directors, ratifying the independent auditor, and approving executive compensation on an advisory basis.
All eight director nominees were elected, each receiving more votes for than withheld. Ratification of KPMG LLP as independent auditor passed with 25,067,522 votes for and 1,187,962 against, with 251 abstentions. The advisory vote on executive compensation was also approved, with 24,867,270 votes for, 324,433 against, 183,108 abstentions, and 880,924 broker non-votes.
Albany International reported mixed first-quarter 2026 results. Net revenue rose to $311.3 million from $288.8 million in Q1 2025, driven mainly by strong growth in the Albany Engineered Composites business, partially offset by softer Machine Clothing demand in Asia and equipment-related downtime.
Gross profit increased to $99.8 million, but higher selling, general and administrative expenses and a higher effective tax rate reduced profitability. Net income attributable to the company fell to $15.3 million, with diluted EPS of $0.54 versus $0.56 a year earlier. Adjusted EBITDA declined to $48.2 million and adjusted EPS to $0.60, reflecting lower Machine Clothing volume and zero-margin CH-53K AFT program revenue.
The company paid $7.9 million in dividends and invested $9.3 million in capital, ending the quarter with cash of $122.6 million and total debt of $476.5 million, for net debt of $354.0 million. For Q2 2026, Albany guides consolidated revenue between $335–$345 million and adjusted EPS of $0.70–$0.80.
Albany International reported Q4 2025 net revenue of $321.2 million, up from $286.9 million, driven by strong growth in its Engineered Composites segment, while Machine Clothing softened, especially in Asia. Q4 net income was $13.9 million, or diluted EPS of $0.48, down from $17.7 million and $0.56 a year earlier, though adjusted diluted EPS improved to $0.65 from $0.58.
For 2025, the company swung to a net loss of $57.3 million versus net income of $87.6 million in 2024, reflecting a $139.7 million contract loss provision and deep losses in Albany Engineered Composites. Adjusted EBITDA for the year fell to $74.4 million from $232.0 million, though Q4 adjusted EBITDA increased to $57.3 million.
The company generated Q4 free cash flow of $51.0 million, repurchased 360,267 shares, paid $7.9 million in dividends, and ended the year with $112.4 million in cash and $455.7 million of debt. Management is conducting a strategic review of its structures assembly business and guiding Q1 2026 revenue to $275–$285 million with adjusted EPS between $0.50 and $0.60.
Albany International Corp. reported that, during a meeting with a research analyst, it shared extra details about its ongoing exploration of strategic alternatives for its structures assembly business at the Amelia Earhart Drive Facility (AED Facility) in Salt Lake City, including a possible sale of all or part of that business. The company is selecting a financial advisor and building financial models for the AED Facility, which it may market as a whole, and it does not yet have an estimate of how long this work will take.
So far, interest has come from private equity investors, with more than ten inbound inquiries, rather than from strategic buyers. Management is also in ongoing discussions with a key customer about contract changes to offset cost increases. If a divestiture of the AED Facility is completed, the company expects the Adjusted EBITDA margin for its Albany Engineered Composites segment to be in the mid to high teens. This information was furnished under Regulation FD after an inadvertent selective disclosure and is framed as forward-looking and subject to uncertainty.
Albany International (AIN) reported Q3 2025 results highlighted by a one‑time aerospace charge and a strategic shift. Revenue was $261.4 million versus $298.4 million a year ago, reflecting a $46.0 million unfavorable CH‑53K impact. The company posted a GAAP net loss of $97.8 million (−$3.37 per diluted share), driven by a $147.3 million pre‑tax loss reserve and program adjustments on CH‑53K.
On an adjusted basis, net income was $20.6 million ($0.71 per diluted share) and adjusted EBITDA was $56.2 million, for an 18.3% margin. Machine Clothing revenue was $175.0 million with a 31.0% adjusted EBITDA margin; Engineered Composites revenue was $86.5 million, with CH‑53K effects masking LEAP program strength.
The company initiated a strategic review of its structures assembly business and reached a definitive agreement to conclude the Gulfstream contract, and withdrew full‑year guidance. Capital actions in the quarter included $50.5 million of share repurchases, $8.0 million in dividends, $18.3 million in capex, and $25.7 million of free cash flow. Cash was $108.3 million and total debt $480.6 million, for net debt of $372.3 million.
Albany International Corp. (AIN) reported that it will recognize an approximately $147 million loss reserve adjustment in the third quarter of 2025 related to performance on its CH-53K contract within the Engineered Composites (AEC) segment. The company also announced it will initiate a review of strategic alternatives for its structures assembly business.
The updates were disclosed alongside a press release furnished as Exhibit 99.1. These actions reflect contract performance impacts at AEC and a potential repositioning of the structures assembly business.