Albany International (NYSE:AIN – Get Free Report) released its quarterly earnings results on Tuesday. The textile maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08, Zacks reports. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. Albany International’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. 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 Price Performance
Shares of Albany International stock traded down $10.79 during trading on Tuesday, hitting $64.33. The stock had a trading volume of 204,521 shares, compared to its average volume of 266,539. The business has a fifty day moving average of $71.66 and a two-hundred day moving average of $62.19. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $77.00. The firm has a market cap of $1.83 billion, a P/E ratio of -31.49, a PEG ratio of 3.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88.
Albany International Dividend Announcement
Institutional Investors Weigh In On Albany International
Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of Albany International by 11,101.8% in the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after buying an additional 643,018 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Albany International by 1,078.5% during the 3rd quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock worth $16,727,000 after acquiring an additional 287,200 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Albany International by 1,809.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock worth $11,519,000 after acquiring an additional 204,801 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Albany International in the 4th quarter worth $10,323,000. Finally, FIL Ltd acquired a new position in shares of Albany International in the 4th quarter worth $9,366,000. 97.37% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Truist Financial upped their price target on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Finally, Weiss Ratings upgraded Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Albany International presently has a consensus rating of “Reduce” and an average price target of $54.00.
Check Out Our Latest Analysis on Albany International
About Albany International
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.
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