Albany International Corp.

Albany Engineered Composites Expands Hypersonic, Solid Rocket Motor and Space Manufacturing Capabilities With Dedicated AEC Advanced Programs Business and Rochester Facility

Albany Engineered Composites, a segment of Albany International (NYSE: AIN), formally launched its AEC Advanced Programs business and Rochester, NH facility dedicated to hypersonic, solid rocket motor and space manufacturing. The company has invested more than $36 million since 2021 to build vertically integrated carbon-carbon composite capability, supported by a $21.2 million, 30-month U.S. government IBAS contract awarded in September. The expansion also underpins a recently announced teaming agreement with Lockheed Martin to pursue scalable production of next-generation U.S. hypersonic systems, positioning AIN's composites segment for defense growth opportunities.

•3d ago

Albany Engineered Composites Awarded $21.2 Million IBAS Contract to Advance Hypersonic and Solid Rocket Motor Thermal Protection Manufacturing

Albany Engineered Composites, a segment of Albany International (NYSE: AIN), won a $21.2 million, 30-month contract through the U.S. government's IBAS program. The award supports development of carbon-carbon composite thermal protection systems for hypersonic vehicles and solid rocket motors, including a vertically integrated domestic production facility. The contract modestly grows AIN's defense composites backlog and strengthens its positioning in hypersonic and SRM manufacturing, though it is small relative to the company's overall revenue base.

•26d ago

Albany Engineered Composites Secures Contract Extension on Boeing 787 Components

Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), reached an agreement with Boeing to continue manufacturing composite fuselage frames for the 787 Dreamliner. Under the extension, Albany keeps producing roughly 300 unique composite fuselage frames covering forward sections 41 and 43 and aft section 47 — work it has performed since Boeing's original award in 2014. No contract value was disclosed; the extension underpins revenue visibility for the AEC segment as Boeing ramps 787 output, with production performed at Albany's Salt Lake City, Utah facility.

•1mo ago

Albany International Announces Successful Completion of its Strategic Review and Schedules Investors Call

Albany International concluded its strategic review of the Salt Lake City facility, deciding to retain the site after securing amended terms with Sikorsky for the CH-53K program and a contract extension with Boeing for the 787 Dreamliner. The amended CH-53K contract reverses a previously projected reach-forward loss and is expected to generate positive cash flow starting in 2027, stabilizing production for the heavy lift helicopter. Driven by the resolution of the program risk, the company significantly raised its Q3 Adjusted EPS guidance to a range of $1.40 to $1.50, more than doubling the previous outlook of $0.60 to $0.70.

•1mo ago

Albany International Declares Dividend

Albany International Corp. declared a quarterly dividend of $0.28 per share on its Class A Common Stock. The dividend is payable on October 7, 2026, to shareholders of record as of September 1, 2026. The company operates two core businesses: Machine Clothing for industrial applications and Albany Engineered Composites for the aerospace sector.

•2mo ago

AIN: 10-Q · periodic report

Albany International's Q2 2026 net revenues rose 5.8% to $329.5 million and diluted EPS more than doubled to $0.61 from $0.31 a year ago, with net income attributable to the company reaching $17.4 million versus $9.2 million in Q2 2025. The turnaround was driven by the Albany Engineered Composites segment, which swung to $11.4 million of operating income from a $2.7 million loss on 15.6% revenue growth tied to LEAP, Boeing 787 frames, and tank programs, while the Machine Clothing segment's revenue slipped 1.2% on softer Americas demand and production interruptions. Operating cash flow fell to $3.0 million from $34.8 million in the prior-year period on inventory build, leaving cash at $77.3 million, though the company remains in covenant compliance with a 1.71x leverage ratio, $450.7 million drawn on its $800 million revolver, and roughly $426.7 million of total liquidity. No shares were repurchased in 2026, leaving $76.7 million under the $250 million authorization; the quarterly dividend was raised to $0.28 per share, and the strategic review of the Salt Lake City Amelia Earhart facility — classified as held for sale with multiple indications of interest — is expected to conclude by the end of 2026.

SEC 10-Q•2mo ago

Albany International Reports Second-Quarter 2026 Results

Albany International reported Q2 2026 net revenue of $329.5 million, up 6% year-over-year, with net income surging 90% to $17.4 million. Adjusted EBITDA reached a two-year high of $57.8 million, up 11.5%, driven by a favorable mix in the Engineered Composites segment and cost containment initiatives. The company issued guidance for the third quarter, projecting consolidated net revenue between $320 million and $330 million and Adjusted EPS between $0.60 and $0.70.

•2mo ago

Albany Engineered Composites and A&P Technology Partner to Accelerate Next-Generation Braided Composite Solutions

Albany Engineered Composites, a segment of Albany International Corp. (AIN), has partnered with A&P Technology to develop advanced braided composite manufacturing solutions for aerospace and defense. The collaboration combines A&P's braiding architectures with Albany's Resin Transfer Molding expertise to industrialize lightweight, highly integrated structures capable of supporting future production rates. Target applications include next-generation aeroengines, commercial aircraft, Advanced Air Mobility blades, Collaborative Combat Aircraft, and solid rocket motor nozzles.

•3mo ago

Albany International Reports Progress with Cyclezyme on Industrial Textile Recycling Project

Albany International reported progress in its partnership with Sweden-based Cyclezyme AB to develop enzyme-based recycling processes for industrial textiles, specifically polyester and polyamide. Cyclezyme has successfully depolymerized selected material samples and produced nylon-degrading enzymes, demonstrating the potential for circular material flows. The companies have initiated discussions regarding the next phase of the project, focusing on scaling the technology for future industrial applications.

•4mo ago

Albany Engineered Composites Receives Pratt & Whitney Engine Component Contract Through 2036

Albany International's engineered composites segment secured a long-term contract with Pratt & Whitney to produce composite structural engine components for the GTF™ engine through 2036. This award marks AEC's first volume production program with Pratt & Whitney, representing a major milestone in the relationship and expanding its aerospace portfolio. Management highlighted the win as a validation of AEC's operational performance and high-volume manufacturing capabilities, though specific financial terms were not disclosed.

•5mo ago