ALBANY INTERNATIONAL CORP /DE/ SEC Filings

Albany International director John Michael McQuade received a grant of 3,792 shares of Class A Common Stock as compensation. The shares were distributed under the Directors' Annual Retainer Plan at no stated purchase price. Following this award and prior acquisitions, he directly holds 17,258 shares, including 196 shares acquired through a dividend reinvestment plan.

PLOURDE KATHARINE reported acquisition or exercise transactions in this Form 4 filing.

Albany International Corp. director Katharine Plourde reported a compensation-related equity grant rather than an open-market trade. She received 2,390 Deferred Restricted Stock Units (DSUs) on Class A Common Stock under the company’s non-employee director deferred compensation plan.

Each DSU represents the right to receive one share of Class A Common Stock upon vesting. According to the terms, the 2,390 DSUs will vest on the earlier of January 1, 2029, or Ms. Plourde’s death. She will receive cash dividends on these DSUs in amounts and at times declared by the Board.

Following this award, Ms. Plourde holds 5,862 DSUs directly and 15,969 shares of Class A Common Stock directly. The filing reflects ongoing board compensation rather than a change in her economic exposure through discretionary buying or selling.

American Century Investment Management, American Century Companies and Stowers Institute filed a Schedule 13G reporting beneficial ownership of 1,444,239 shares of Albany International Corp. Class A common stock, representing 5.1% of the class. The filers state sole voting power of 1,422,927 shares and sole dispositive power of 1,444,239 shares.

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 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 Corp ownership update: Vanguard Capital Management reports beneficial ownership of 1,502,060 shares of Common Stock, representing 5.30% of the class as of 03/31/2026. The filing states sole voting power for 214,289 shares and sole dispositive power for 1,502,060 shares; holdings reflect assets managed across Vanguard affiliates.

Albany International Corp ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of 1,792,767 shares of Common Stock, equal to 6.33% of the class as of 03/31/2026. The filing shows sole voting power for 15,292 shares and sole dispositive power for 1,792,767 shares. Vanguard states this holding reflects securities managed across Vanguard Portfolio Management LLC and affiliated investment advisory divisions and includes shares held for Vanguard funds and client accounts.

Albany International Corp. has issued its definitive proxy for the 2026 virtual annual meeting, where stockholders will elect eight directors, ratify KPMG as auditor, and cast an advisory vote on executive pay.

The company reported 2025 net sales of $1,182.8 million, an operating loss of $36.1 million, and a net loss attributable to the company of $57.3 million, or basic and diluted EPS of -$1.94. The Board highlights a separated Chair/CEO structure, 7 of 8 independent nominees, fully independent key committees, and strong meeting attendance. The proxy also details a pay-for-performance program using cash bonuses and stock-based awards, revised long-term metrics, and robust sustainability and risk-oversight practices.

The Vanguard Group filed Amendment No. 16 to a Schedule 13G/A reporting 0 shares and 0% beneficial ownership of Albany International Corp common stock. The filing states Vanguard disaggregated certain subsidiaries after an internal realignment on January 12, 2026, in reliance on SEC Release No. 34-39538. The submission is signed by Ashley Grim, Head of Global Fund Administration, dated March 26, 2026.