Albany International (NYSE:AIN) Issues Earnings Results

Albany International (NYSE:AIN) posted its quarterly earnings data on Tuesday. The textile maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08, Zacks reports. The company had revenue of $329.48 million during the quarter, compared to analysts’ expectations of $340.10 million. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Albany International updated its Q3 2026 guidance to 0.600-0.700 EPS.

Here are the key takeaways from Albany International’s conference call:

• Second-quarter profitability improved, with adjusted EBITDA rising to $57.8 million from $51.9 million and adjusted EPS exceeding the company’s forecast range despite slightly lower-than-expected revenue.
• Engineered Composites revenue reached a quarterly record of $150.8 million, up 16% year over year, while adjusted EBITDA increased to $20 million as LEAP, Boeing, CH-53K, missile, and other aerospace programs ramped.
• Machine Clothing demand remains mixed, particularly in North and South America amid paper-industry consolidation and capacity reductions; the company now expects full-year segment revenue to be slightly below 2025 levels.
• Albany reported strong longer-term aerospace and defense opportunities, including a new Pratt & Whitney geared turbofan contract, expanded missile and hypersonic-materials demand, and potential capacity investments to support future growth.
• Free cash flow was a $14.5 million use in the quarter due to inventory builds supporting program ramps and seasonal customer deliveries, while the strategic review of the Salt Lake City site advanced to eight final candidates with a decision expected after the bidding process.

Albany International Trading Down 16.6%

Shares of NYSE AIN opened at $62.68 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $71.64 and its two-hundred day moving average price is $62.22. Albany International has a 52-week low of $41.15 and a 52-week high of $77.00. The stock has a market capitalization of $1.78 billion, a P/E ratio of -30.72, a PEG ratio of 3.14 and a beta of 1.17.

Albany International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.8%. Albany International’s dividend payout ratio is presently -54.90%.

Institutional Investors Weigh In On Albany International

Institutional investors and hedge funds have recently made changes to their positions in the company. Holocene Advisors LP boosted its holdings in Albany International by 315.7% in the second quarter. Holocene Advisors LP now owns 19,253 shares of the textile maker’s stock worth $1,350,000 after purchasing an additional 14,621 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Albany International by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock valued at $1,282,000 after buying an additional 807 shares during the last quarter. Deutsche Bank AG grew its position in shares of Albany International by 2.1% during the 4th quarter. Deutsche Bank AG now owns 23,624 shares of the textile maker’s stock valued at $1,198,000 after buying an additional 492 shares during the last quarter. Intech Investment Management LLC raised its stake in Albany International by 28.5% during the first quarter. Intech Investment Management LLC now owns 17,280 shares of the textile maker’s stock worth $1,193,000 after acquiring an additional 3,837 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Albany International by 7.5% in the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock worth $1,076,000 after acquiring an additional 1,085 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Key Albany International News

Here are the key news stories impacting Albany International this week:

• Positive Sentiment: Second-quarter earnings were $0.82 per share, exceeding analyst estimates of $0.74–$0.80 and rising from $0.31 a year earlier. Revenue increased 5.8% year over year to $329.5 million. Albany International Reports Second-Quarter 2026 Results
• Positive Sentiment: Management said second-quarter adjusted EBITDA was the company’s strongest in two years and grew 11.5% from the prior year, indicating improving operational performance despite revenue-related challenges. Albany International Q2 2026 Earnings Call Transcript
• Neutral Sentiment: For the third quarter, Albany International forecast earnings per share of $0.60–$0.70, broadly in line with the $0.66 consensus estimate. Revenue guidance of $320 million–$330 million was above the $311 million consensus, offering some support to the outlook. Albany International Q2 Earnings Surpass Estimates
• Negative Sentiment: Quarterly revenue of $329.5 million fell short of the approximately $340.1 million analyst estimate. Management attributed the miss to several discrete factors, making the earnings beat less compelling to investors. Albany International Q2 Earnings Snapshot
• Negative Sentiment: Although operating results improved, Albany International reported a negative net margin of 4.93%, which may have heightened concerns about underlying earnings quality and profitability.

Analyst Ratings Changes

A number of research analysts recently commented on AIN shares. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Truist Financial increased their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Finally, Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Albany International has a consensus rating of “Reduce” and an average price target of $54.00.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.