Albany International Reports Third-Quarter 2026 Results
Albany International swung to Q3 2026 net income of $41.7 million ($1.46 diluted EPS) from a $(97.8) million loss a year earlier, on revenue of $349.5 million, up 34% year-over-year. The turnaround was driven by the renegotiated CH-53K contract, which added roughly $44.4 million to EBITDA, plus 107% currency-adjusted revenue growth in Engineered Composites on LEAP, CH-53K, and missile programs; Machine Clothing revenue declined 3% on a currency-adjusted basis with EBITDA margin falling to 27.2% from 31.0%. Adjusted EPS was $1.68 and free cash flow was $36.5 million; the company ended the quarter with $343.0 million net debt.
Key figures
- Eps
- 1.46
- Revenue
- 349500000
- Guidance
- Q4 2026: consolidated net revenue $325M-$335M; Machine Clothing $170M-$175M; Engineered Composites $155M-$160M; Adjusted EPS $0.65-$0.75; effective tax rate 29.5% (vs prior 31.5% estimate)
- Revenue Yoy
- 34%
- Net debt
- 343000000
- Net income
- 41700000
- Total debt
- 422100000
- Adjusted eps
- 1.68
- Gross profit
- 140400000
- Ch53k benefit
- $44.4 million CH-53K contract modification benefit plus $11.6 million revenue program adjustments
- Free cash flow
- 36500000
- Adjusted ebitda
- 100100000
- Operating income
- 59400000
- Cash and equivalents
- 79100000
- Adjusted ebitda margin
- 28.6%
- Machine clothing growth fx adj
- (3.0)%
- Engineered composites growth fx adj
- 107.0%
AI analysis
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