ALBANY INTERNATIONAL CORP /DE/ (AIN) Form 8-K — Oct 28, 2026
Albany International reported Q3 2026 net revenue of $349.5 million, up 34% from $261.4 million a year earlier, with net income of $41.7 million ($1.46 diluted EPS) versus a $(97.8) million loss in Q3 2025. The swing was driven by a $44.4 million favorable adjustment from the renegotiated CH-53K contract plus 107% currency-adjusted revenue growth in Engineered Composites. Adjusted EBITDA was $100.1 million (28.6% margin) with adjusted EPS of $1.68, and free cash flow was positive at $36.5 million. Machine Clothing was softer, with revenue down 3.0% on a currency-adjusted basis and adjusted EBITDA margin compressing to 27.2% from 31.0%.
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; Q4 effective tax rate 29.5% (vs 31.5% prior)
- Net Income
- 41700000
- Total Debt
- 422100000
- Revenue Yoy
- 34%
- Cash Position
- 79100000
- Capex
- $12.2 million
- Net debt
- $343.0 million
- Ytd revenue
- $990.4 million
- Adjusted eps
- $1.68
- Gross profit
- $140.4 million
- Dividends paid
- $7.9 million
- Free cash flow
- $36.5 million
- Ytd net income
- $74.4 million
- Adjusted ebitda
- $100.1 million
- Ch53k adjustment
- $44.4 million benefit from contract renegotiation
- Operating income
- $59.4 million
- Dividend per share
- $0.28
- Prior year revenue
- $261.4 million
- Prior year net loss
- $(97.8) million
- Adjusted ebitda margin
- 28.6%
- Aec revenue growth fx adjusted
- 107.0%
- Machine clothing revenue change fx adjusted
- -3.0%
AI analysis
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