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ROCHESTER, N.H.--(BUSINESS WIRE)--Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), announced today it reached an agreement with Boeing (NYSE: BA) to continue composite fuselage frame manufacturing for the 787 Dreamliner. Under the agreement, Albany continues to manufacture about 300 unique composite fuselage frames for the 787 Dreamliner, including forward sections 41 and 43 and aft section 47. Albany has produced composite fuselage frames for Sections 41 and 4.

Albany International Corp. (AIN) Discusses Outcome of Strategic Review and Amended CH-53K Contract for Structures Assembly Business September 2, 2026 8:30 AM EDT

Company Participants

Karen Blomquist
Gunnar Kleveland - President, CEO & Director
Sean Valashinas - VP, Controller, Acting CFO & Acting Principal Financial Officer & Chief Accounting Officer

Conference Call Participants

Chigusa Katoku - JPMorgan Chase & Co, Research Division
Jan-Frans Engelbrecht - Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to the Albany International Investor Call to discuss the successful completion of its strategic review. [Operator Instructions]

I will now hand the conference over to Karen Blomquist, Director of Investor Relations. Karen, please go ahead.

Karen Blomquist

Good morning, and thank you for joining us today. As a reminder, for those listening on the call, please refer to our press release issued yesterday detailing the conclusion of our strategic review, along with our updated guidance. Contained in the text of the release is a notice regarding our forward-looking statements.

Today, we will make statements that are forward-looking and contain a number of risks and uncertainties, which could cause actual results to differ from those expressed or implied. For a full discussion of these risks and uncertainties, please refer to yesterday's press release as well as our SEC filings, including our 10-Q and our 10-K.

Now I will turn the call over to Gunnar Kleveland, our President and CEO. Gunnar?

Gunnar Kleveland
President, CEO & Director

Thank you, Karen. Good morning, and welcome, everyone. From the outset of this strategic review, our objective has been clear: to evaluate options through a balanced lens of maximizing long-term shareholder value and strategic positioning. That has meant applying financial discipline, aligning execution and strategy and ensuring that any outcome strengthen the business while delivering the best value for our

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) today announced that Willard Station, Executive Vice President and Chief Financial Officer, is taking a medical leave of absence. The Albany International Board of Directors has appointed Sean Valashinas, the Company's Controller and Chief Accounting Officer, as acting CFO, effective immediately. Prior to joining the Company in 2025, Mr. Valashinas served as Vice President, Accounting, Treasury, and Tax at Resonetics, a l.

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), today announces it is exhibiting at CAMX 2026, Sept. 21–24, at the Georgia World Congress Center in Atlanta. Albany will be located at booth K26. CAMX 2026 brings together the composites and advanced materials industry to showcase technologies, manufacturing capabilities and solutions shaping the future of advanced materials. At the event, Albany will highlight its Advanced Compo.

Albany International NYSE: AIN reported second-quarter revenue growth and its strongest adjusted EBITDA performance in two years, driven by higher production rates in its Engineered Composites business, while Machine Clothing faced mixed regional demand and equipment-related downtime.

Total second-quarter revenue rose 5.8% year over year to $329.5 million. Adjusted EBITDA increased to $57.8 million from $51.9 million a year earlier, producing a 17.6% margin. CFO Will Station said the improvement reflected stronger profitability in Engineered Composites and continued margin performance in Machine Clothing, partly offset by lower Machine Clothing volume.

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CEO Gunnar Kleveland said adjusted earnings per share exceeded the company’s forecast range despite consolidated revenue coming in modestly below expectations. He attributed the performance to improved execution, a more focused operating model and a portfolio with less program risk.

Engineered Composites Sets Quarterly Revenue Record Engineered Composites revenue reached a quarterly record of $150.8 million, up 16% from $130.5 million in the prior-year period. The increase was supported by higher production rates on LEAP, Boeing, CH-53K and missile programs.

Adjusted EBITDA for the segment rose to $20 million, or 13.3% of sales, from $11.1 million, or 8.5% of sales, a year earlier. Station said improved operational execution, higher production rates and favorable aerospace and defense program mix supported the margin expansion.

Revenue was modestly below Albany’s expectations because tooling for a strategic next-generation contract with a defense prime shifted from the second quarter into the back half of the year. The company expects those tooling shipments to benefit second-half results.

Kleveland said the LEAP program continues to ramp alongside production at Boeing, Airbus, Safran and GE. Albany is moving to 24-hour, seven-day operations across three sites during the summer to support output. He said the company expects the program ramp to continue and potentially settle late in 2027, depending on production developments.

The company also cited growing defense opportunities, including demand tied to JASSM, LRASM, solid rocket motors and hypersonic missile applications. Kleveland said Albany is working with Lockheed Martin and the Department of Defense on opportunities to increase output from existing capabilities.

At the Farnborough International Airshow, the company said the Department of Defense met with Albany to discuss how its commercial capabilities, including out-of-autoclave processing technologies, could support faster manufacturing and lighter-weight defense solutions. Albany also said its AEC unit was selected as a collaboration partner in the Aerospace Technology Institute’s Advanced Wing Enabling Ultra-Efficient Propulsion 2 project alongside Airbus and other partners.

Albany also announced a collaboration with A&P Technology combining braiding and resin transfer molding capabilities for current and next-generation aero-engine programs. Separately, Kleveland said the company won a Pratt & Whitney Geared Turbofan contract for resin transfer molded inlet components for two-engine variants. Production is expected to begin in Mexico early next year.

Machine Clothing Demand Remains Mixed Machine Clothing revenue totaled $178.7 million in the second quarter. Adjusted EBITDA was $50 million, roughly flat from the prior-year period, with a 28% margin.

The segment experienced additional downtime associated with a North American machine that is being replaced. Albany relocated a machine from a closed European facility to the U.S., where reassembly is underway and expected to be completed by year-end. Station said the equipment issue had a modest quarterly impact and that the company expects to recover the lost volume by the end of the year.

Demand conditions differed by region. Europe remained stable and China showed signs of stabilization, while North and South America were softer. The company cited customer facility closures, consolidations, lower inventories and weaker South American demand as factors affecting the Americas.

Kleveland said U.S. paper makers removed older equipment late last year and early this year in response to demand conditions. While those actions created a temporary lull for Albany, he said newer machines tend to operate at higher speeds, where the company has a competitive advantage. He added that the company sees a “pretty healthy order backlog” heading toward the end of the fourth quarter and into next year.

By paper grade, tissue and packaging demand remained favorable, especially in Asia. Those gains were partly offset by long-term declines in publication grades and softer pulp demand in South America. In Asia, Kleveland said overcapacity is being managed through lower machine speeds and output, with the timing of a broader recovery still uncertain.

Cash Flow, Balance Sheet and Outlook Gross profit was $107.9 million, with a 32.7% margin, compared with 31.3% a year earlier. Operating income rose to $32.1 million, or 9.8% of revenue, from a 7.2% margin in the prior-year quarter.

Free cash flow was a use of $14.5 million, compared with a $17.8 million inflow a year earlier. Station attributed the change primarily to working-capital timing, including inventory growth to support Engineered Composites production ramps and Machine Clothing deliveries during European seasonal shutdowns.

Cash at quarter-end: $77.3 million Total debt: $450.7 million Net debt: approximately $373.3 million Available capital including revolver availability: approximately $427 million Capital expenditures: $11.9 million Research and development expense: $11.7 million For the third quarter, Albany forecast consolidated revenue of $320 million to $330 million and adjusted EPS of $0.60 to $0.70, with an effective tax rate of about 31.5%.

The company now expects full-year Machine Clothing revenue to be slightly lower than in 2025, reflecting customer consolidation and capacity rationalization in parts of the paper industry. Albany expects Engineered Composites to continue growing year over year as commercial and defense programs ramp.

Meanwhile, Albany said its strategic review of its Salt Lake City site is proceeding on schedule. Kleveland said the company received multiple indications of interest and has narrowed the process to eight final candidates, while continuing discussions with Sikorsky. He said Albany expects to finalize bidding in the coming weeks and will select the option it believes provides the best value for shareholders.

About Albany International (NYSE:AIN)Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany's products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Albany International Corp. (NYSE: AIN) today reported operating results for its second quarter of 2026, which ended June 30, 2026.Gunnar Kleveland, Albany Intern

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2026, which ended June 30, 2026.

Gunnar Kleveland, Albany International’s President and Chief Executive Officer, said, “Our second-quarter performance delivered the strongest Adjusted EBITDA we have achieved in the past two years and grew 11.5% year-over-year, despite modestly lower-than-expected revenue due to several discrete factors. This result reflects the progress we have made to build a more nimble company and underscores the strength of our operating model, our focus on profitable growth, and the dedication of the Albany team."

Kleveland continued, “In Engineered Composites, we are seeing the benefits of a refined operating model centered on our innovative technologies, which enable lighter-weight, more durable solutions for customers across commercial aerospace, defense, and space applications. Our recent participation at the Farnborough International Airshow reinforced the value of our business, as leading OEMs and government stakeholders engaged with us to explore solutions enabled by our innovative material science. In Machine Clothing, we are applying that same focus on innovation to expand opportunities for our high-value, performance-driven products across a broader range of uses.”

Consolidated Results

The Company’s net revenues were $329.5 million in the second quarter of 2026, compared to $311.4 million in the prior year. The increase was primarily driven by higher volume in the Engineered Composites business, offset by some end-market softness in Machine Clothing along with downtime related to an equipment failure in the Machine Clothing business.

Gross profit of $107.9 million in the second quarter of 2026 was 10.7% higher than $97.5 million reported for the same period of 2025, as a result of cost controls in Machine Clothing and a favorable mix of aerospace and defense programs in the Engineered Composites business.

Selling, general, and administrative expenses were $56.1 million in the second quarter of 2026, compared to $58.5 million in the same period of 2025, driven primarily by cost containment initiatives.

Operating income was $32.1 million, compared to $22.3 million in the prior year, an increase of 44.3%, primarily driven by stronger gross profit and cost containment initiatives.

The effective tax rate for the quarter was 32.0% compared to a 31.3% effective tax rate in the second quarter of 2025.

The net income attributable to the Company was $17.4 million, or $0.61 per share on a basic and diluted basis, compared to $9.2 million, or $0.31 per share in the second quarter of 2025.

Adjusted diluted earnings per share (or Adjusted EPS, a non-GAAP measure) was $0.82 per share, compared to $0.57 per share for the same period of last year.

Adjusted EBITDA (a non-GAAP measure) was $57.8 million, compared to $51.9 million in the second quarter of 2025, an increase of 11.5%, due to stronger revenue and operating profit. Adjusted EBITDA margin was 17.6% and 16.7% in the prior year, up 90 basis points as a result of stronger contribution from Engineered Composites.

Will Station, Albany International’s Chief Financial Officer, said, “We are pleased with our second-quarter performance, as disciplined execution and a more focused operating model drove meaningful year-over-year improvement in profitability. As we look to the balance of the year, we remain well positioned to maintain our growth trajectory. In Engineered Composites, we expect continued strength as multiple programs scale and we benefit from our focus on quality of earnings, while in Machine Clothing, we remain focused on execution and margin stability as we manage a fluid demand environment across the geographies we serve.”

Machine Clothing

Machine Clothing's net revenues decreased 2.4% after adjusting for currency translation, primarily driven by cyclical declines in the Americas and machine downtime in that region.

Machine Clothing’s adjusted EBITDA margin was 28.0%, compared to 28.9% in the second quarter of 2025. The margin decline is primarily impacted by foreign currency impacts related to a weaker U.S. dollar. On a constant currency basis, margins were up slightly at 29.0% despite lower volumes, driven by synergies and efficiency gains across the network.

Engineered Composites

Engineered Composites net revenues increased 14.2% after adjusting for currency translation, driven by strength across commercial and defense programs, most notably on the commercial side within the LEAP program, and on the defense side under the CH-53K and missile programs.

Adjusted EBITDA margin was 13.3%, compared to 8.5% in the second quarter of 2025. The increase in margin was driven by the continued focus on quality of earnings and the scaling of more profitable programs.

Capital Allocation Balance Sheet

Capital expenditures were $11.9 million, compared to $14.9 million in the second quarter of 2025, and were driven primarily by facility optimizations. Research and development expenses totaled $11.7 million, compared to $12.6 million in the second quarter of 2025, consistent with the Company’s commitment to advancing proprietary technologies and supporting long-term growth in both Machine Clothing and Engineered Composites.

Albany ended the quarter with cash and cash equivalents of $77.3 million and total debt of $450.7 million, resulting in a net debt position of $373.3 million. The Company maintains significant financial flexibility and liquidity to support ongoing investment initiatives while continuing to return capital to shareholders.

Outlook for the Third Quarter of 2026

Consolidated net revenue between $320 million and $330 million Machine Clothing net revenue between $165 million and $170 million Engineered Composite net revenue between $155 million and $160 million Adjusted EPS between $0.60 and $0.70 Third-quarter effective tax rate of 31.5% Second-Quarter 2026 Results Conference Call/Webcast

The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Tuesday, August 4, 2026. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com or by registering via the link here. The event can also be accessed by dialing +1 (833) 461-5787 and using the Meeting ID: 487 159 842.

An archive of the webcast will be available for replay on the website at approximately noon Eastern Time on Tuesday, August 4, 2026.

ALBANY INTERNATIONAL CORP.

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share amounts)

(unaudited)

  Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

2026

2025

Net revenues

$

329,482

$

311,399

$

640,815

$

600,173

Cost of goods sold

221,581

213,892

433,120

406,180

Gross profit

107,901

97,507

207,695

193,993

Selling, general, and administrative expenses

56,068

58,502

114,367

112,314

Technical and research expenses

11,722

12,552

24,679

24,448

Restructuring expenses, net

7,973

4,183

11,138

6,698

Operating income

32,138

22,270

57,511

50,533

Interest expense, net

6,068

5,150

11,535

8,805

Other expense/(income), net

39

3,534

(3,154

)

4,517

Income before income taxes

26,031

13,586

49,130

37,211

Income tax expense

8,327

4,254

15,977

10,530

Net income

17,704

9,332

33,153

26,681

Net income attributable to the noncontrolling interest

290

149

458

143

Net income attributable to the Company

$

17,414

$

9,183

$

32,695

$

26,538

Earnings per share attributable to Company shareholders - Basic

$

0.61

$

0.31

$

1.15

$

0.87

Earnings per share attributable to Company shareholders - Diluted

$

0.61

$

0.31

$

1.14

$

0.87

Shares of the Company used in computing earnings per share:

Basic

28,361

29,928

28,341

30,373

Diluted

28,588

30,090

28,568

30,535

Dividends declared per Class A share

$

0.28

$

0.27

$

0.56

$

0.54

  ALBANY INTERNATIONAL CORP.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

  June 30, 2026

December 31, 2025

Assets

Cash and cash equivalents

$

77,349

$

112,350

Accounts receivable, net

252,133

235,084

Contract assets, net

77,287

87,102

Inventories

146,158

121,589

Income taxes prepaid and receivable

41,191

43,937

Prepaid expenses and other current assets

40,402

34,990

Assets held for sale

306,722

293,783

Total current assets

$

941,242

$

928,835

Property, plant and equipment, net

467,424

482,568

Intangibles, net

19,667

21,428

Goodwill

160,552

162,507

Deferred income taxes

66,319

68,499

Other assets

56,161

54,872

Total assets

$

1,711,365

$

1,718,709

Liabilities and Shareholders' Equity

Accounts payable

$

75,075

$

64,499

Accrued liabilities

133,829

139,385

Income taxes payable

24,524

35,090

Liabilities held for sale

187,108

203,323

Total current liabilities

420,536

442,297

Long-term debt

450,669

455,663

Other noncurrent liabilities

85,983

86,850

Deferred income taxes

2,088

1,797

Total liabilities

959,276

986,607

Commitments and Contingencies

Shareholders' Equity:

Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; 41,056,929 issued in 2026 and 40,989,106 in 2025

41

41

Additional paid in capital

464,148

460,472

Retained earnings

993,170

976,373

Accumulated items of other comprehensive income:

Translation adjustments

(121,743

)

(119,008

)

Pension and postretirement liability adjustments

(23,065

)

(23,911

)

Derivative valuation adjustment

131

(619

)

Treasury stock (Class A), at cost; 12,685,782 shares in 2026 and 12,685,782 in 2025

(566,993

)

(567,139

)

Total shareholders' equity

745,689

726,209

Noncontrolling interest

6,400

5,893

Total equity

752,089

732,102

Total liabilities and shareholders' equity

$

1,711,365

$

1,718,709

  ALBANY INTERNATIONAL CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

  Six Months Ended June 30,

2026

2025

Cash flows from operating activities:

Net income

$

33,153

$

26,681

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

32,853

40,085

Amortization

1,294

2,957

Change in deferred taxes

2,179

(2,761

)

Loss/(gain) on disposal of property, plant and equipment

324

(66

)

Non-cash interest expense

515

513

Compensation and benefits paid or payable in Class A Common Stock

5,009

3,654

Provision/(recovery) for credit losses from uncollected receivables and contract assets

(101

)

1,021

Foreign currency remeasurement loss/(gain) on intercompany loans

(3,788

)

7,171

Changes in operating assets and liabilities that provided/(used) cash:

Accounts receivable

(12,899

)

(4,490

)

Contract assets

(8,778

)

(15,329

)

Inventories

(22,912

)

(8,179

)

Prepaid expenses and other current assets

(5,195

)

(2,565

)

Income taxes prepaid and receivable

2,769

743

Accounts payable

14,488

26,878

Accrued liabilities

(23,259

)

(23,314

)

Income taxes payable

(11,034

)

(17,191

)

Noncurrent receivables

—

(201

)

Other noncurrent liabilities

288

(2,927

)

Other, net

(1,914

)

3,719

Net cash provided by operating activities

2,992

34,833

Cash flows from investing activities:

Purchases of property, plant and equipment

(21,170

)

(29,526

)

Purchased software

(12

)

(1,005

)

Proceeds received from sale of assets

—

3,243

Proceeds from sale of investment

1,660

—

Net cash used in investing activities

(19,522

)

(27,288

)

Cash flows from financing activities:

Proceeds from borrowings

83,000

171,995

Repayment of borrowings

(85,000

)

(58,046

)

Purchase of Treasury shares

—

(120,448

)

Taxes paid in lieu of share issuance

(1,333

)

(1,316

)

Dividends paid

(15,867

)

(16,693

)

Net cash used in financing activities

(19,200

)

(24,508

)

Effect of exchange rate changes on cash and cash equivalents

729

8,369

Decrease in cash and cash equivalents

(35,001

)

(8,594

)

Cash and cash equivalents at beginning of period

112,350

115,283

Cash and cash equivalents at end of period

$

77,349

$

106,689

Supplemental disclosure of cash flow information:

Cash paid for interest, net

$

12,451

$

10,710

Cash paid for income taxes

$

23,056

$

26,278

The following table presents the reconciliation of Net revenues to net revenues excluding the effect of changes in currency translation rates, a non-GAAP measure:

(in thousands, except percentages)

Net revenues as reported, Q2 2026

(Decrease)/ increase due to changes in currency translation rates

Q2 2026 revenues on same basis as Q2 2025 currency translation rates

Net revenues as reported, Q2 2025

% Change compared to Q2 2025, excluding currency rate effects

Machine Clothing

$

178,710

$

2,137

$

176,573

$

180,926

(2.4

)%

Albany Engineered Composites

150,772

1,824

148,948

130,473

14.2

%

Consolidated total

$

329,482

$

3,961

$

325,521

$

311,399

4.5

%

(in thousands, except percentages)

Net revenues as reported, YTD 2026

(Decrease)/ increase due to changes in currency translation rates

YTD 2026 revenues on same basis as 2025 currency translation rates

Net revenues as reported, YTD 2025

% Change compared to 2025, excluding currency rate effects

Machine Clothing

$

344,662

$

8,279

$

336,383

$

355,623

(5.4

)%

Albany Engineered Composites

296,153

4,959

291,194

244,550

19.1

%

Consolidated total

$

640,815

$

13,238

$

627,577

$

600,173

4.6

%

The following table presents Gross profit and Gross profit margin:

(in thousands, except percentages)

Gross profit,

Q2 2026

Gross profit margin, Q2 2026

Gross profit,

Q2 2025

Gross profit margin, Q2 2025

Machine Clothing

$

80,947

45.3

%

$

83,759

46.3

%

Albany Engineered Composites

26,954

17.9

%

13,748

10.5

%

Consolidated total

$

107,901

32.7

%

$

97,507

31.3

%

Reconciliation of Net income/(loss) (GAAP) to Adjusted EBITDA (non-GAAP) for the current-year and comparable prior-year periods have been calculated as follows.

Three months ended June 30, 2026

(in thousands)

Machine Clothing

Albany Engineered

Composites

Corporate expenses

and other

Total Company

Net income/(loss) (GAAP)

$

34,705

$

11,429

$

(28,430

)

$

17,704

Interest expense/(income), net

—

—

6,068

6,068

Income tax expense

—

—

8,327

8,327

Depreciation and amortization expense

8,422

8,561

35

17,018

EBITDA (non-GAAP)

43,127

19,990

(14,000

)

49,117

Restructuring costs and other

6,389

—

1,584

7,973

Foreign currency revaluation (gains)/losses

503

175

(521

)

157

Strategic review and other transition expenses

20

109

739

868

Pre-tax loss/(income) attributable to noncontrolling interest

—

(289

)

—

(289

)

Adjusted EBITDA (non-GAAP)

$

50,039

$

19,985

$

(12,198

)

$

57,826

Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) (non-GAAP)

28.0

%

13.3

%

—

17.6

%

Three months ended June 30, 2025

(in thousands)

Machine Clothing

Albany Engineered

Composites

Corporate expenses

and other

Total Company

Net income/(loss) (GAAP)

$

37,702

$

(2,674

)

$

(25,696

)

$

9,332

Interest expense/(income), net

—

—

5,150

5,150

Income tax expense

—

—

4,254

4,254

Depreciation and amortization expense

7,973

13,455

323

21,751

EBITDA (non-GAAP)

45,675

10,781

(15,969

)

40,487

Restructuring costs and other

3,015

520

(918

)

2,617

Foreign currency revaluation (gains)/losses

3,467

21

5,449

8,937

Strategic review and other transition expenses

—

28

—

28

Pre-tax (income) attributable to noncontrolling interest

41

(228

)

—

(187

)

Adjusted EBITDA (non-GAAP)

$

52,198

$

11,122

$

(11,438

)

$

51,882

Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) (non-GAAP)

28.9

%

8.5

%

—

16.7

%

  Six months ended June 30, 2026

(in thousands)

Machine Clothing

Albany Engineered

Composites

Corporate expenses

and other

Total Company

Net income/(loss) (GAAP)

$

66,657

$

20,027

$

(53,531

)

$

33,153

Interest expense/(income), net

—

—

11,535

11,535

Income tax expense

—

—

15,977

15,977

Depreciation and amortization expense

16,724

17,350

73

34,147

EBITDA (non-GAAP)

83,381

37,377

(25,946

)

94,812

Restructuring costs and other

9,065

—

2,073

11,138

Foreign currency revaluation (gains)/losses

85

(41

)

(2,631

)

(2,587

)

Strategic review and other transition expenses

541

109

2,493

3,143

Pre-tax (income) attributable to noncontrolling interest

—

(520

)

—

(520

)

Adjusted EBITDA (non-GAAP)

$

93,072

$

36,925

$

(24,011

)

$

105,986

Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) (non-GAAP)

27.0

%

12.5

%

—

16.5

%

  Six months ended June 30, 2025

(in thousands)

Machine Clothing

Albany Engineered

Composites

Corporate expenses

and other

Total Company

Net income/(loss) (GAAP)

$

76,133

$

(1,058

)

$

(48,394

)

$

26,681

Interest expense/(income), net

—

—

8,805

8,805

Income tax expense

—

—

10,530

10,530

Depreciation and amortization expense

15,679

26,750

613

43,042

EBITDA (non-GAAP)

91,812

25,692

(28,446

)

89,058

Restructuring costs and other

4,617

1,688

(918

)

5,387

Foreign currency revaluation (gains)/losses

5,159

(144

)

8,508

13,523

Strategic review and other transition expenses

182

(412

)

40

(190

)

Pre-tax (income) attributable to noncontrolling interest

120

(299

)

—

(179

)

Adjusted EBITDA (non-GAAP)

$

101,890

$

26,525

$

(20,816

)

$

107,599

Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) (non-GAAP)

28.7

%

10.8

%

—

17.9

%

The following table presents the reconciliation of Machine Clothing's Adjusted EBITDA Margin to Adjusted EBITDA Margin excluding the effect of changes in currency translation rates, a non-GAAP measure:

(in thousands, except percentages)

As reported, Q2 2026

(Decrease)/ increase due to changes in currency translation rates

Q2 2026 on same basis as Q2 2025 currency translation rates

As reported, Q2 2025

Machine Clothing Net revenues

$

178,710

$

2,137

$

176,573

$

180,926

Machine Clothing Adjusted EBITDA (non-GAAP)

50,039

(1,112

)

51,151

52,198

Adjusted EBITDA Margin (Adjusted EBITDA divided by net revenues) (non-GAAP)

28.0

%

29.0

%

28.9

%

  Per share impact of the adjustments to earnings per share are as follows:

Three months ended June 30, 2026

(in thousands, except per share amounts)

Pre tax

Amounts

Tax

Effect

After tax

Effect

Per share

Effect

Restructuring costs and other

$

7,973

$

2,551

$

5,422

$

0.19

Foreign currency revaluation (gains)/losses

157

50

107

—

Strategic review and other transition expenses

868

278

590

0.02

Three months ended June 30, 2025

(in thousands, except per share amounts)

Pre tax

Amounts

Tax

Effect

After tax

Effect

Per share

Effect

Restructuring costs and other

$

2,617

$

845

$

1,772

$

0.06

Foreign currency revaluation (gains)/losses

8,937

2,887

6,050

0.20

Strategic review and other transition expenses

28

9

19

0.00

Six months ended June 30, 2026

(in thousands, except per share amounts)

Pre tax

Amounts

Tax

Effect

After tax

Effect

Per share

Effect

Restructuring costs and other

$

11,138

$

3,620

$

7,518

$

0.26

Foreign currency revaluation (gains)/losses

(2,587

)

(841

)

(1,746

)

(0.06

)

Strategic review and other transition expenses

3,143

1,021

2,122

0.07

Six months ended June 30, 2025

(in thousands, except per share amounts)

Pre tax

Amounts

Tax

Effect

After tax

Effect

Per share

Effect

Restructuring costs and other

$

5,387

$

1,740

$

3,647

$

0.12

Foreign currency revaluation (gains)/losses

13,523

4,368

9,155

0.30

Strategic review and other transition expenses

(190

)

(61

)

(129

)

(0.01

)

  The following table provides a reconciliation of Earnings per share attributable to the Company shareholders - Diluted (GAAP) to Adjusted earnings per share attributable to the Company shareholders - Diluted (non-GAAP):

Three months ended June 30,

Six months ended June 30,

Per share amounts (Diluted)

2026

2025

2026

2025

Earnings per share attributable to Company shareholders - Diluted (GAAP)

$

0.61

$

0.31

$

1.14

$

0.87

Adjustments, after tax:

Restructuring costs and other

0.19

0.06

0.26

0.12

Foreign currency revaluation (gains)/losses

—

0.20

(0.06

)

0.30

Strategic review and other transition expenses

0.02

—

0.07

(0.01

)

Adjusted earnings per share attributable to Company shareholders - Diluted (non-GAAP)

$

0.82

$

0.57

$

1.41

$

1.28

  The calculations of net debt are as follows:

(in thousands)

June 30, 2026

December 31, 2025

June 30, 2025

Long-term debt

450,669

455,663

444,686

Total debt

450,669

455,663

444,686

Cash and cash equivalents

77,349

112,350

106,689

Net debt (non-GAAP)

$

373,320

$

343,313

$

337,997

  Free cash flow is defined as GAAP "Net cash provided by operating activities" in a period less "Purchases of property, plant and equipment" and "Purchased software" in the same period. Management believes free cash flow provides an important perspective on our ability to generate cash from our business operations and, as such, that it is an important financial measure for use in evaluating the Company's financial performance. Management uses free cash flow internally to assess overall liquidity. The following table illustrates the calculation of free cash flow:

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net cash provided by operating activities

$

(2,651

)

$

32,714

$

2,992

$

34,833

Purchases of property, plant and equipment

(11,880

)

(13,929

)

(21,170

)

(29,526

)

Purchased software

(12

)

(1,005

)

(12

)

(1,005

)

Free cash flow

$

(14,543

)

$

17,780

$

(18,190

)

$

4,302

  About Albany International Corp.

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.

Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Portsmouth, New Hampshire, operates 25 facilities in 12 countries, employs approximately 5,700 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.

Non-GAAP Measures

This release, including the conference call commentary associated with this release, contains certain non-GAAP measures, that should not be considered in isolation or as a substitute for the related GAAP measures. Such non-GAAP measures include net revenues and percent change in net revenues, excluding the impact of currency translation effects; adjusted net revenues; Adjusted Gross profit/(loss); Adjusted Operating income/(loss);EBITDA, Adjusted EBITDA, and Adjusted EBITDA margin; Net debt; Net leverage ratio; Adjusted Net Income; and Adjusted Diluted earnings per share (or Adjusted EPS). Management believes that these non-GAAP measures provide additional useful information to investors regarding the Company’s operational performance.

Presenting Net revenues and change in Net revenues, after currency effects are excluded, provides management and investors insight into underlying revenues trends. Net revenues, or percent changes in net revenues, excluding currency rate effects, are calculated by converting amounts reported in local currencies into U.S. dollars at the exchange rate of a prior period. These current year revenues converted at prior year rates are then compared to the U.S. dollar amount as reported in the prior period.

EBITDA (calculated as net income excluding interest, income taxes, depreciation and amortization), Adjusted EBITDA, and Adjusted EPS are performance measures that relate to the Company’s continuing operations. The Company defines Adjusted EBITDA as EBITDA excluding costs or benefits that are not reflective of the Company’s ongoing or expected future operational performance. Such excluded costs or benefits do not consist of normal, recurring cash items necessary to generate revenues or operate our business. Adjusted EBITDA margin represents Adjusted EBITDA expressed as a percentage of net revenues.

Adjusted Net Income is a supplemental measure of our performance that is not required by, or presented in accordance with U.S. GAAP. The company defines Adjusted Net Income to exclude costs related to the review of strategic alternatives for its structures assembly business, which could include a potential sale of that portion of the business. Such excluded adjustments to profitability to future contracts do not consist of items that are considered normal or recurring in the course of continued business operations.

The Company defines Adjusted EPS as diluted earnings per share (GAAP), adjusted by the after tax per share amount of costs or benefits not reflective of the Company’s ongoing or expected future operational performance. The income tax effects are calculated using the applicable statutory income tax rate of the jurisdictions where such costs or benefits were incurred or the effective tax rate applicable to total company results.

The Company’s Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted EPS may not be comparable to similarly titled measures of other companies.

Net debt aids investors in understanding the Company’s debt position if all available cash were applied to pay down indebtedness.

We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

Forward-Looking Statements

This press release may contain statements, estimates, guidance or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “should,” “look for,” “guidance,” “guide,” and similar expressions identify forward-looking statements, which generally are not historical in nature. Because forward-looking statements are subject to certain risks and uncertainties (including, without limitation, those set forth in the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q), actual results may differ materially from those expressed or implied by such forward-looking statements.

Forward-looking statements in this release or in the webcast include, without limitation, statements about macroeconomic conditions, including inflationary cost pressures, as well as global events, which include but are not limited to geopolitical events; paper-industry trends and conditions during 2026 and in future years; expectations in 2026 and in future periods of revenues, Adjusted Net Revenues, EBITDA, Adjusted EBITDA (both in dollars and as a percentage of net revenues), Adjusted Net Income, Adjusted EPS, income, gross profit, gross margin, cash flows and other financial items in each of the Company’s businesses, and for the Company as a whole; the timing and impact of production and development programs in the Company’s AEC business segment and the revenues growth potential of key AEC programs, as well as AEC as a whole; the amount and timing of capital expenditures, future tax rates and cash paid for taxes, depreciation and amortization; future debt and net debt levels and debt covenant ratios; and changes in currency rates and their impact on future revaluation gains and losses. Furthermore, a change in any one or more of the foregoing factors could have a material effect on the Company’s financial results in any period. Such statements are based on current expectations, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

Statements expressing management’s assessments of the growth potential of its businesses, or referring to earlier assessments of such potential, are not intended as forecasts of actual future growth, and should not be relied on as such. While management believes such assessments to have a reasonable basis, such assessments are, by their nature, inherently uncertain. This release and earlier releases set forth a number of assumptions regarding these assessments, including historical results, independent forecasts regarding the markets in which these businesses operate, and the timing and magnitude of orders for our customers’ products. Historical growth rates are no guarantee of future growth, and such independent forecasts and assumptions could prove materially incorrect in some cases.

More News From Albany International Corp.

-

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that it will release second-quarter 2026 results on August 4, 2026, before market open.

The Company will host a webcast to discuss the results at 9:00 a.m. Eastern Time on Tuesday, August 4, 2026. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at investors.albint.com or by registering via the link here.

The event can also be accessed by dialing +1 (833) 461-5787 and using the Meeting ID: 487 159 842.

An archive of the webcast will be available on the website at approximately noon Eastern Time on Tuesday, August 4, 2026.

About Albany International Corp.

Albany is a leading materials science developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses:

Machine Clothing is the world’s leading producer of custom-designed consumable belts, essential for the manufacture of paper, paperboard, tissue, and towel, as well as pulp, non-wovens, and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Portsmouth, New Hampshire, operates 25 facilities in 12 countries, employs approximately 5,700 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.

More News From Albany International Corp.

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ROCHESTER, N.H.--(BUSINESS WIRE)--Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), and A&P Technology, a global leader in precision braided composite reinforcement technologies, announced today that they are partnering to explore and develop advanced braided composite manufacturing solutions for both current and next-generation aerospace and defense applications. The collaboration brings together two highly complementary manufacturing technologies, A&P.

Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), announced today that Rabih Mansour, Principal Engineer and Technical Fellow,

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today announced that it will participate in the upcoming J.P. Morgan conference in Washington, D.C. During the conference, Will Station, Executive Vice President and Chief Financial Officer of Albany International Corp., will participate in a fireside chat on Tuesday, March 17, 2026, at 11:30 AM. An audio webcast of the event can be accessed via the Albany International website at www.albint.com or by clicking here. A repl.

Albany International (NYSE: AIN) CFO Willard Station said the company delivered a strong fourth quarter in its Aerospace Engineered Composites (AEC) segment, but cautioned that the pace of growth in the period included items that are not expected to recur. Speaking at a JPMorgan event hosted by analyst Chigusa Katoku, Station also provided updates on Albany's

Posted by Defense World Staff on Apr 7th, 2026

Albany International Corporation (NYSE:AIN – Get Free Report) has received an average recommendation of “Reduce” from the six research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $61.50.

A number of research firms recently issued reports on AIN. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Truist Financial set a $55.00 target price on shares of Albany International in a research report on Friday, January 9th. JPMorgan Chase & Co. increased their target price on shares of Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th.

Read Our Latest Report on Albany International

Institutional Trading of Albany International A number of institutional investors and hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. acquired a new stake in Albany International during the 4th quarter worth approximately $10,323,000. Invesco Ltd. grew its position in Albany International by 5.4% in the fourth quarter. Invesco Ltd. now owns 113,792 shares of the textile maker’s stock valued at $5,769,000 after acquiring an additional 5,802 shares in the last quarter. XTX Topco Ltd acquired a new stake in Albany International in the fourth quarter valued at approximately $2,887,000. Voloridge Investment Management LLC grew its position in Albany International by 40.9% in the fourth quarter. Voloridge Investment Management LLC now owns 229,477 shares of the textile maker’s stock valued at $11,634,000 after acquiring an additional 66,569 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Albany International in the fourth quarter valued at approximately $499,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Trading Up 1.3% NYSE AIN opened at $52.92 on Friday. Albany International has a 12 month low of $41.15 and a 12 month high of $73.00. The company has a 50-day moving average of $55.75 and a 200-day moving average of $53.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 1.83. The company has a market cap of $1.50 billion, a P/E ratio of -26.20, a P/E/G ratio of 2.02 and a beta of 1.18.

Albany International (NYSE:AIN – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $321.21 million during the quarter, compared to the consensus estimate of $292.32 million. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, equities analysts predict that Albany International will post 3.23 earnings per share for the current year.

Albany International Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s dividend payout ratio is -55.45%.

About Albany International (Get Free Report)

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.

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Posted by Defense World Staff on Apr 14th, 2026

Deprince Race & Zollo Inc. bought a new position in shares of Albany International Corporation (NYSE:AIN – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 365,025 shares of the textile maker’s stock, valued at approximately $18,507,000. Deprince Race & Zollo Inc. owned about 1.27% of Albany International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIN. EverSource Wealth Advisors LLC boosted its position in shares of Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after acquiring an additional 174 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Albany International during the third quarter worth $66,000. Finally, Lazard Asset Management LLC bought a new position in shares of Albany International during the second quarter worth $77,000. Institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities analysts recently weighed in on AIN shares. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Truist Financial set a $55.00 target price on shares of Albany International in a research report on Friday, January 9th. JPMorgan Chase & Co. upped their target price on shares of Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $61.50.

Get Our Latest Stock Analysis on Albany International

Albany International Trading Up 1.0% AIN stock opened at $57.76 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. Albany International Corporation has a twelve month low of $41.15 and a twelve month high of $73.00. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -28.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. The firm’s fifty day simple moving average is $55.76 and its two-hundred day simple moving average is $53.88.

Albany International (NYSE:AIN – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The business had revenue of $321.21 million for the quarter, compared to analysts’ expectations of $292.32 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, analysts anticipate that Albany International Corporation will post 3.23 earnings per share for the current year.

Albany International Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, March 20th. Albany International’s payout ratio is currently -55.45%.

About Albany International (Free Report)

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.

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Albany International remains rated 'hold' due to mixed financial performance and unimpressive valuation metrics. Recent results show top-line growth but continued bottom-line weakness, with the Machine Clothing segment hit by declining demand and China exposure. AIN's Engineered Composites segment shows relative strength, supported by acquisitions and defense programs, but overall profitability remains pressured.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2026, which ended March 31, 2026. Gunnar Kleveland, Albany International's President and Chief Executive Officer said, “Over the past year, we have taken steps to de-risk the business by addressing underperforming areas and sharpening our focus on profitable growth. This has driven a strong start to 2026, with results at the top end of our expectations.” Kleveland c.

Albany International Corp. (AIN) Q1 2026 Earnings Call Transcript

The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.28 per share on the Company’s Class A Common Stock.

The dividend is payable July 7, 2026, to shareholders of record on June 5, 2026.

About Albany International Corp.

Albany is a leading materials science developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses:

Machine Clothing is the world’s leading producer of custom-designed consumable belts, essential for the manufacture of paper, paperboard, tissue, and towel, as well as pulp, non-wovens, and a variety of other industrial applications. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Portsmouth, New Hampshire, operates 25 facilities in 12 countries, employs approximately 5,700 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260518958672/en/

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today announced that it will participate in the upcoming Wells Fargo 16th Industrials & Materials Conference in Chicago and the 2026 Truist Industrial & Services Conference in New York. At the Wells Fargo Conference, Gunnar Kleveland, Chief Executive Officer and Will Station, Chief Financial Officer, will participate in a fireside chat on Wednesday, June 10, 2026, at 10:15 AM CT. An audio webcast of the Wells Fargo.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today the publication of its annual Sustainability Report, highlighting the company's achievements and commitments to sustainability and innovation in 2025. “Our foundation is supporting our customers with continued innovation and building a resilient organization, and our sustainability strategy is critical to meet those objectives. We are proud to showcase our progress over the last year in our annual sustainab.