ALBANY INTERNATIONAL CORP /DE/ (AIN) Form 10-Q — Apr 30, 2026
Albany International reported net revenues of $311.3 million for the first quarter of 2026, an increase of 7.8% compared to the prior year period, driven primarily by higher volume in the Albany Engineered Composites (AEC) segment. Despite the revenue growth, net income attributable to the company decreased 12% to $15.3 million, or $0.54 per share, as higher interest expenses and an increased effective tax rate offset the top-line gains. The Machine Clothing segment faced headwinds with a 5% sales decline due to production interruptions, while the AEC segment delivered strong growth with a 27.4% revenue increase.
Key figures
- Eps
- 0.54
- Revenue
- 311,333,000
- Net Income
- 15,281,000
- Total Debt
- 476,541,000
- Revenue Yoy
- 7.8%
- Total Assets
- 1,736,787,000
- Cash Position
- 122,557,000
Price after filing
Close on the filing date to close N calendar days later (from $58.04). Historical, not a forecast.
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