Albany International (NYSE:AIN) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Albany International (NYSE:AIN) released its quarterly earnings data on Thursday. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05, Zacks reports. The business had revenue of $311.33 million for the quarter, compared to the consensus estimate of $281.00 million. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Albany International updated its Q2 2026 guidance to 0.700-0.800 EPS.

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

• Quarterly results showed $311.3 million in revenue (up 7.8% YoY) with Adjusted results of $48.2 million and a margin decline to 15.5% driven by mix (more Engineered Composites) and foreign exchange headwinds.
• Engineered Composites outperformed internal expectations with revenue of $145.4 million, new contract wins including Pratt & Whitney Geared Turbofan work, and ramping demand across commercial and defense programs (LEAP, JASSM/LRASM, CH-53K).
• Machine Clothing revenue fell to $166 million amid softness and overcapacity in China and an equipment failure early in Q1—management says recovery is underway but visibility in China remains limited.
• The strategic review of the Amelia Earhart Drive (CH-53K) facility is on schedule with a PwC standalone analysis completed and marketing materials being finalized, but no conclusions or transaction details yet.
• Liquidity and outlook were reinforced with improved free cash flow (-$3.6 million vs. -$13.5M prior), $122.6 million cash, ~$354 million net debt and ~$446 million available capital, plus Q2 revenue guidance of $335–345 million and Adj. EPS of $0.70–0.80.

Albany International Price Performance

Shares of Albany International stock traded up $0.30 during mid-day trading on Friday, reaching $58.34. 273,666 shares of the stock traded hands, compared to its average volume of 211,948. The business has a 50-day moving average of $55.43 and a 200 day moving average of $54.10. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $73.00. The stock has a market capitalization of $1.65 billion, a PE ratio of -28.88, a PEG ratio of 2.37 and a beta of 1.18. The company has a quick ratio of 1.83, a current ratio of 2.20 and a debt-to-equity ratio of 0.65.

Albany International Announces Dividend

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Albany International

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of Albany International by 11,101.8% in the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after buying an additional 643,018 shares during the last quarter. Millennium Management LLC raised its position 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 during the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Albany International by 1,809.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock valued at $11,519,000 after buying an additional 204,801 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Albany International in the fourth quarter valued at approximately $10,323,000. Finally, FIL Ltd acquired a new stake in shares of Albany International in the fourth quarter valued at approximately $9,366,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Key Stories Impacting Albany International

Here are the key news stories impacting Albany International this week:

• Positive Sentiment: Q1 results beat expectations — Albany reported $0.60 EPS vs. consensus $0.55 and revenue of $311.3M vs. $281M consensus, with revenue up ~7.8% year-over-year. This topline beat supports near-term growth hopes. Read More.
• Positive Sentiment: Raised Q2 guidance — the company set Q2 EPS guidance of $0.70–$0.80 (above consensus ~$0.66) and revenue guidance of ~$335M–$345M (well above consensus ~$306M), signaling confidence in demand and revenue trajectory. Read More.
• Neutral Sentiment: Investor materials available — management hosted an earnings call and published a slide deck and presentation that clarify drivers and segment performance; useful for modeling but not new headline news. Read More.
• Negative Sentiment: Margin headwinds and profitability metrics — management warned of margin pressure; the company still reported a negative net margin (~-4.85%) and Q1 EPS declined versus prior year ($0.73 a year ago), which could temper enthusiasm until margins stabilize. Read More.

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.