Albany International (NYSE:AIN) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Albany International (NYSE:AIN) announced its quarterly earnings results on Tuesday. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08, Zacks reports. The company had revenue of $329.48 million for the quarter, compared to the consensus estimate of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.Albany International’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. Albany International updated its Q3 2026 guidance to 0.600-0.700 EPS.

Here are the key takeaways from Albany International’s conference call:

• Second-quarter profitability improved, with adjusted EBITDA rising to $57.8 million from $51.9 million and adjusted EPS exceeding the company’s forecast range despite slightly lower-than-expected revenue.
• Engineered Composites revenue reached a quarterly record of $150.8 million, up 16% year over year, while adjusted EBITDA increased to $20 million as LEAP, Boeing, CH-53K, missile, and other aerospace programs ramped.
• Machine Clothing demand remains mixed, particularly in North and South America amid paper-industry consolidation and capacity reductions; the company now expects full-year segment revenue to be slightly below 2025 levels.
• Albany reported strong longer-term aerospace and defense opportunities, including a new Pratt & Whitney geared turbofan contract, expanded missile and hypersonic-materials demand, and potential capacity investments to support future growth.
• Free cash flow was a $14.5 million use in the quarter due to inventory builds supporting program ramps and seasonal customer deliveries, while the strategic review of the Salt Lake City site advanced to eight final candidates with a decision expected after the bidding process.

Albany International Stock Down 1.9%

Shares of AIN opened at $61.78 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.88 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.75 billion, a PE ratio of -35.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.17. Albany International has a 12-month low of $41.15 and a 12-month high of $77.00. The business’s 50 day moving average is $71.60 and its 200 day moving average is $62.24.

Albany International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 5th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Albany International’s dividend payout ratio (DPR) is currently -54.90%.

Hedge Funds Weigh In On Albany International

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in shares of Albany International by 11,101.8% during the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock worth $32,324,000 after purchasing an additional 643,018 shares in the last quarter. Millennium Management LLC grew its stake in shares of Albany International by 1,078.5% in the third quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock valued at $16,727,000 after buying an additional 287,200 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Albany International by 1,809.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock worth $11,519,000 after purchasing an additional 204,801 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in Albany International in the fourth quarter worth approximately $10,323,000. Finally, FIL Ltd purchased a new stake in Albany International in the fourth quarter valued at $9,366,000. 97.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial upped their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Weiss Ratings raised shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $54.00.

About Albany International

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.