ALBANY INTERNATIONAL CORP /DE/ (AIN) Form 10-Q — Aug 4, 2026
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.
Key figures
- Eps
- 0.61
- Revenue
- 329482000
- Net Income
- 17414000
- Total Debt
- 450669000
- Revenue Yoy
- 5.8% (Q2 2026 vs Q2 2025); 6.8% for six months
- Total Assets
- 1711365000
- Cash Position
- 77349000
- Shares Outstanding
- 28400000
- Gross Margin Q2
- 32.7%
- Gross Profit Q2
- 107901000
- Leverage Ratio
- 1.71 to 1.00
- Safran Sales Q2
- 53800000
- Total Liquidity
- 426700000
- Six Month Revenue
- 640815000
- Buyback Remaining
- 76655000
- Assets Held For Sale
- 306722000
- Operating Income Q2
- 32138000
- Credit Facility Size
- 800000000
- Effective Tax Rate Q2
- 32.0%
- Segment MCRevenue Q2
- 178710000
- Six Month Diluted Eps
- 1.14
- Segment AECRevenue Q2
- 150772000
- Buyback Authorization
- 250000000
- Interest Coverage Ratio
- 8.07 to 1.00
- Restructuring Expense Q2
- 7973000
- Asbestos Claims Defending
- 3660
- Operating Cash Flow Six Months
- 2992000
- Segment MCOperating Income Q2
- 34705000
- Dividends Declared Per Share Q2
- 0.28
- Segment AECOperating Income Q2
- 11429000
- Six Month Net Income Attributable
- 32695000
- Remaining Asbestos Insurance Coverage
- approximately $140 million
- Operating Cash Flow Prior Year Six Months
- 34833000
- Remaining Performance Obligations Over One Year
- 977500000
Price after filing
Close on the filing date to close N calendar days later (from $74.12). Historical, not a forecast.
AI analysis
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