Albany International (AIN)
Market Price (9/19/2026): $60.555 | Market Cap: $1.7 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Albany International (AIN)
Market Price (9/19/2026): $60.555Market Cap: $1.7 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 40% Megatrend and thematic driversMegatrends include Advanced Materials, and Advanced Aviation & Space. Themes include Lightweight Composites, Specialty Chemicals for Performance, Show more. | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -96% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3% Key risksAIN key risks include [1] persistent, Show more. |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Advanced Aviation & Space. Themes include Lightweight Composites, Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -96% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3% |
| Key risksAIN key risks include [1] persistent, Show more. |
Qualitative Assessment
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Albany International (AIN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results and Subsequent Market Reaction.
Albany International reported robust growth in its fiscal second quarter of 2026, which ended June 30, 2026, with diluted earnings per share (EPS) increasing 97% to $0.61 and Adjusted EPS rising 45% to $0.82, surpassing analyst expectations. However, the company's net revenue of $329.5 million, despite a 6% increase year-over-year, fell short of analyst estimates of $340.10 million. This combination of an earnings beat and a revenue miss, coupled with a 2.4% constant-currency decline in Machine Clothing net revenues, led to a significant negative market reaction, with the stock reportedly down 18.8% by August 12, 2026, following the earnings release. This mixed performance and the market's strong reaction contributed to a period of volatility for the stock.
2. Positive Strategic Developments Counteracted by Broader Market Volatility.
On September 1, 2026, Albany International announced the successful completion of its strategic review, which included an amended contract on the CH-53K® helicopter program and a reversal of a portion of a previously recorded reach-forward loss reserve. This development prompted a substantial increase in the company's fiscal Q3 2026 Adjusted EPS guidance, raising it from the initial $0.60-$0.70 to a range of $1.40-$1.50. Additionally, Albany Engineered Composites formed a strategic collaboration with Lockheed Martin on August 10, 2026, aimed at accelerating the production of U.S. hypersonic programs. Despite these positive company-specific catalysts, the stock experienced a significant broader sell-off, declining by 27.08% over the 30 days prior to September 2, 2026, and 14.82% over the preceding 90 days. This broader market sentiment largely absorbed the impact of the positive news, preventing a sustained upward movement and contributing to the stock's overall flat or slightly declining trend during the specified period.
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Albany International (AIN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results and Subsequent Market Reaction.
Albany International reported robust growth in its fiscal second quarter of 2026, which ended June 30, 2026, with diluted earnings per share (EPS) increasing 97% to $0.61 and Adjusted EPS rising 45% to $0.82, surpassing analyst expectations. However, the company's net revenue of $329.5 million, despite a 6% increase year-over-year, fell short of analyst estimates of $340.10 million. This combination of an earnings beat and a revenue miss, coupled with a 2.4% constant-currency decline in Machine Clothing net revenues, led to a significant negative market reaction, with the stock reportedly down 18.8% by August 12, 2026, following the earnings release. This mixed performance and the market's strong reaction contributed to a period of volatility for the stock.
2. Positive Strategic Developments Counteracted by Broader Market Volatility.
On September 1, 2026, Albany International announced the successful completion of its strategic review, which included an amended contract on the CH-53K® helicopter program and a reversal of a portion of a previously recorded reach-forward loss reserve. This development prompted a substantial increase in the company's fiscal Q3 2026 Adjusted EPS guidance, raising it from the initial $0.60-$0.70 to a range of $1.40-$1.50. Additionally, Albany Engineered Composites formed a strategic collaboration with Lockheed Martin on August 10, 2026, aimed at accelerating the production of U.S. hypersonic programs. Despite these positive company-specific catalysts, the stock experienced a significant broader sell-off, declining by 27.08% over the 30 days prior to September 2, 2026, and 14.82% over the preceding 90 days. This broader market sentiment largely absorbed the impact of the positive news, preventing a sustained upward movement and contributing to the stock's overall flat or slightly declining trend during the specified period.
3. Leadership Transition and Divergent Analyst Sentiment.
The announcement on August 31, 2026, that Executive Vice President and Chief Financial Officer Willard Station was taking a medical leave of absence, with Sean Valashinas appointed as acting CFO, introduced an element of leadership uncertainty. Simultaneously, analyst opinions on Albany International remained mixed throughout the period. While some firms, such as Truist Financial and Robert W. Baird, raised their price targets to $61.00 (June 12, 2026) and $75.00 (September 3, 2026) respectively, other analysts maintained or downgraded their ratings. This resulted in a consensus "Reduce" rating and an average price target of $61.00. This divergence in expert opinion, coupled with the management change, likely contributed to a lack of strong, sustained market conviction, causing the stock to trade within a volatile range rather than exhibiting a clear, prolonged directional trend.
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Stock Movement Drivers
Fundamental Drivers
The -5.4% change in AIN stock from 5/31/2026 to 9/18/2026 was primarily driven by a -6.7% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.10 | 60.61 | -5.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,205 | 1,223 | 1.5% |
| P/S Multiple | 1.5 | 1.4 | -6.7% |
| Shares Outstanding (Mil) | 28 | 28 | -0.1% |
| Cumulative Contribution | -5.4% |
Market Drivers
5/31/2026 to 9/18/2026| Return | Correlation | |
|---|---|---|
| AIN | -5.4% | |
| Market (SPY) | 0.9% | 13.1% |
| Sector (XLI) | -2.0% | 31.4% |
Fundamental Drivers
The 6.7% change in AIN stock from 2/28/2026 to 9/18/2026 was primarily driven by a 3.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 56.81 | 60.61 | 6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,183 | 1,223 | 3.4% |
| P/S Multiple | 1.4 | 1.4 | 2.6% |
| Shares Outstanding (Mil) | 29 | 28 | 0.6% |
| Cumulative Contribution | 6.7% |
Market Drivers
2/28/2026 to 9/18/2026| Return | Correlation | |
|---|---|---|
| AIN | 6.7% | |
| Market (SPY) | 11.6% | 32.1% |
| Sector (XLI) | -3.9% | 44.2% |
Fundamental Drivers
The -2.2% change in AIN stock from 8/31/2025 to 9/18/2026 was primarily driven by a -10.2% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 61.98 | 60.61 | -2.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,185 | 1,223 | 3.2% |
| P/S Multiple | 1.6 | 1.4 | -10.2% |
| Shares Outstanding (Mil) | 30 | 28 | 5.5% |
| Cumulative Contribution | -2.2% |
Market Drivers
8/31/2025 to 9/18/2026| Return | Correlation | |
|---|---|---|
| AIN | -2.2% | |
| Market (SPY) | 19.4% | 31.8% |
| Sector (XLI) | 12.8% | 43.7% |
Fundamental Drivers
The -31.3% change in AIN stock from 8/31/2023 to 9/18/2026 was primarily driven by a -45.2% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 88.25 | 60.61 | -31.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,073 | 1,223 | 14.1% |
| P/S Multiple | 2.6 | 1.4 | -45.2% |
| Shares Outstanding (Mil) | 31 | 28 | 9.9% |
| Cumulative Contribution | -31.3% |
Market Drivers
8/31/2023 to 9/18/2026| Return | Correlation | |
|---|---|---|
| AIN | -31.3% | |
| Market (SPY) | 75.6% | 46.0% |
| Sector (XLI) | 63.4% | 54.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIN Return | 22% | 13% | 1% | -18% | -35% | 20% | -12% |
| Peers Return | 2% | -18% | 24% | 4% | 49% | -2% | 58% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| AIN Win Rate | 67% | 42% | 50% | 42% | 50% | 78% | |
| Peers Win Rate | 63% | 40% | 57% | 45% | 65% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| AIN Max Drawdown | -19% | -20% | -30% | -30% | -49% | -28% | |
| Peers Max Drawdown | -35% | -38% | -35% | -23% | -32% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AEIS, ENS, BDC, FELE, QS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | AIN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.6% | -9.5% |
| % Gain to Breakeven | 20.0% | 10.5% |
| Time to Breakeven | 48 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -14.7% | -24.5% |
| % Gain to Breakeven | 17.3% | 32.4% |
| Time to Breakeven | 42 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.3% | -33.7% |
| % Gain to Breakeven | 134.0% | 50.9% |
| Time to Breakeven | 272 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.6% | -19.2% |
| % Gain to Breakeven | 32.7% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.8% | -12.2% |
| % Gain to Breakeven | 18.8% | 13.9% |
| Time to Breakeven | 27 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.2% | -6.8% |
| % Gain to Breakeven | 30.3% | 7.3% |
| Time to Breakeven | 27 days | 15 days |
In The Past
Albany International's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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Asset Allocation
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| Event | AIN | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -57.3% | -33.7% |
| % Gain to Breakeven | 134.0% | 50.9% |
| Time to Breakeven | 272 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.6% | -19.2% |
| % Gain to Breakeven | 32.7% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.2% | -6.8% |
| % Gain to Breakeven | 30.3% | 7.3% |
| Time to Breakeven | 27 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -36.5% | -17.9% |
| % Gain to Breakeven | 57.6% | 21.8% |
| Time to Breakeven | 497 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -37.3% | -15.4% |
| % Gain to Breakeven | 59.4% | 18.2% |
| Time to Breakeven | 155 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -86.8% | -53.4% |
| % Gain to Breakeven | 659.7% | 114.4% |
| Time to Breakeven | 1561 days | 1085 days |
In The Past
Albany International's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Albany International (AIN)
Albany International Corp. (AIN) is a long-standing industrial company specializing in advanced textile and materials processing. It operates through two primary segments. The Machine Clothing (MC) segment focuses on designing, manufacturing, and marketing specialized fabric products for industrial processes. These include forming, pressing, and drying fabrics, as well as process belts, which are critical components used in the production of a wide range of materials.
The MC segment's products are essential for industries producing papers, paperboards, tissues, and towels, as well as nonwovens, fiber cement, and other various industrial applications. Albany International also has its Albany Engineered Composites (AEC) segment, which is a leader in advanced composite technology.
The AEC segment manufactures highly engineered, 3D-woven and injected composite components. These cutting-edge materials are primarily utilized in the aerospace industry, specifically for critical airframe and engine components in both military and commercial aircraft. This dual focus allows Albany International to serve diverse global markets from heavy industrial manufacturing to high-tech aerospace applications.
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- Like Hexcel for aerospace composites, and a specialized 3M for critical industrial fabrics.
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- Paper Machine Clothing: Fabrics and belts designed for the manufacturing of papers, paperboards, tissues, and towels.
- Process Belts: Specialized belts used in industrial applications such as nonwovens and fiber cement manufacturing.
- Engineered Fabrics: Customized fabrics for a range of industrial applications.
- Aerospace Composite Components: Advanced 3D-woven, injected, airframe, and engine components for military and commercial aircraft.
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Albany International (AIN) sells primarily to other companies.
Its major customers and customer categories are:
- For its **Albany Engineered Composites (AEC)** segment, which produces composite components for aircraft engines and airframes:
General Electric Company (NYSE: GE)
Safran S.A. (OTC: SAFRY, Euronext Paris: SAF)
- For its **Machine Clothing (MC)** segment, which manufactures paper machine clothing and process belts for various industrial applications, there isn't a single customer accounting for more than 10% of segment sales. Its customer base consists of a wide range of companies in the following industries:
Producers of paper, paperboard, tissue, and toweling.
Manufacturers of nonwovens.
Companies in other industrial applications such as fiber cement and building products.
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Gunnar Kleveland, President and Chief Executive Officer
Gunnar Kleveland joined Albany International in 2023, serving as President and Chief Executive Officer since September 2023. Prior to his current role, Mr. Kleveland was the President and Chief Executive Officer of Textron Specialized Vehicles Inc. He also held positions as President of TRU Simulation + Training Inc. and Executive Vice President of Integrated Operations for Bell Helicopter Textron Inc. He joined Textron in 2004.
Will Station, Executive Vice President and Chief Financial Officer
Will Station joined Albany International as Chief Financial Officer in 2025, bringing over 20 years of experience in financial strategy and operational leadership in the aerospace and medical industries. His appointment as Executive Vice President and Chief Financial Officer was effective September 1, 2025, succeeding Jairaj (JC) Chetnani, who served as interim CFO. Most recently, he served as Senior Vice President of Primary Care Sales for McKesson Medical-Surgical, a McKesson Corporation subsidiary, where he was also previously the Chief Financial Officer and Senior Vice President of Finance for the subsidiary. Mr. Station's career also includes 16 years at The Boeing Company, from 2005 to 2021, where he held various senior finance roles, including Vice President and Chief Financial Officer of Commercial Derivatives Airplanes and Director of Financial Operations for Boeing Commercial Airplanes.
Joseph M. Gaug, Senior Vice President, General Counsel and Secretary
Joseph M. Gaug joined Albany International in 2004. He has served as Senior Vice President - General Counsel and Secretary since May 2020, and previously as Associate General Counsel from 2004 and Associate General Counsel and Assistant Secretary from 2006 to May 2020. Before joining the company, Mr. Gaug was a principal at McNamee, Lochner, Titus & Williams, PC.
Robert A. Hansen, Senior Vice President and Chief Technology Officer
Robert A. Hansen has been with Albany International since 1981. He has served as Senior Vice President and Chief Technology Officer since January 2010. Prior to this, he was Vice President – Corporate Research and Development from April 2006 to January 2010, and Director of Technical and Marketing – Europe Press Fabrics from 2004 to April 2006. From 2000 to 2004, he was Technical Director – Göppingen, Germany.
Christopher Stone, President, Albany Engineered Composites
Christopher Stone joined Albany International in 2024 as President – Albany Engineered Composites. He brings a deep knowledge of the Aerospace & Defense (A&D) industry and extensive leadership experience in public companies, focusing on manufacturing, supply chain management, business operations, and organizational transformation. Most recently, he served as Vice President & Chief Supply Chain Officer at Lockheed Martin Corporation from 2021 to 2024. Before Lockheed Martin, he was Vice President – Supply Chain & Material Management at Aerojet Rocketdyne from 2018 to 2021, and held various management positions at Textron companies, including Textron Marine & Land System and Bell Helicopter, from 2005 to 2018.
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Key Risks to Albany International (AIN):
-
Dependence on the Cyclical Aerospace Industry and Major Aircraft Programs: Albany International's Albany Engineered Composites (AEC) segment manufactures critical components for military and commercial aircraft. This segment is highly reliant on the health and cyclical nature of the global aerospace industry, as well as the success, funding, and production rates of specific aircraft programs. Downturns in commercial air travel, shifts in defense spending, or significant delays or cancellations of major aircraft development and production programs could severely impact demand for AEC's specialized composite components and, consequently, Albany International's financial performance.
-
Potential for Long-Term Decline in Traditional Paper Markets: The Machine Clothing (MC) segment designs, manufactures, and markets fabrics and belts primarily for the production of papers, paperboards, tissues, and towels. While some of these markets (like tissue and packaging) may be stable or growing, a broader, long-term decline in demand for traditional printing and writing papers could exert ongoing pressure on the MC segment, impacting sales volumes and pricing for its products.
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Exposure to Raw Material Price Volatility and Supply Chain Disruptions: As a manufacturer operating globally across multiple countries, Albany International is susceptible to fluctuations in the cost and availability of raw materials essential for both its Machine Clothing and Albany Engineered Composites segments. Additionally, disruptions to global supply chains, whether due to geopolitical events, natural disasters, or logistical challenges, could impede production, increase operating costs, and impact the company's ability to deliver products to customers in a timely manner.
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1. Accelerated shift to digital alternatives for information and communication
The Machine Clothing (MC) segment designs and manufactures paper machine clothing for use in the manufacturing of papers. While paperboard, tissue, and towel production may remain stable or grow, the demand for traditional printing and writing papers continues to decline due to the ongoing and accelerating adoption of digital platforms, e-readers, cloud storage, and electronic communication tools. This continuous shift away from physical paper directly impacts the market size for the paper machine clothing used in their production, posing an emerging threat to a portion of this segment's business.
2. Emergence and increasing adoption of additive manufacturing (3D printing) for aerospace components
The Albany Engineered Composites (AEC) segment specializes in 3D-woven and injected composite components for aircraft engines and airframes. Additive manufacturing, or 3D printing, is an emerging technology that is seeing increased adoption within the aerospace industry for producing complex, lightweight, and high-performance parts, including those for engines and airframes. This technology offers an alternative method for manufacturing components that could potentially compete with or displace some of Albany International's traditional composite manufacturing processes for certain applications, presenting a clear emerging technological threat.
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Albany International Corp. (AIN) operates in two main segments: Machine Clothing (MC) and Albany Engineered Composites (AEC), serving distinct global markets.
Machine Clothing (MC)
The global addressable market for Paper Machine Clothing (PMC), which is the primary product of Albany International's MC segment, was valued at approximately USD 5.5 billion in 2023 and is projected to reach around USD 7.8 billion by 2032, growing at a CAGR of 4.1% during the forecast period. Other estimates place the global paper machine clothing market at USD 1.6 billion in 2023, expected to grow to USD 2.0 billion by 2030 with a CAGR of 2.3% during 2024-2030. Another source estimates the global PMC market size in 2025 to be USD 2737.5 million, with projections to grow to USD 4016.6 million by 2034 at a CAGR of 4.35%. Albany International is a recognized market leader in this sector, holding an estimated 30% to 35% global market share.
Albany Engineered Composites (AEC)
The Albany Engineered Composites (AEC) segment targets the rapidly expanding aerospace composites market. The global aerospace composites market was valued at USD 29.4 billion in 2024 and is estimated to grow at a CAGR of 12.8% from 2025 to 2034, reaching USD 96.6 billion by 2034. Other reports indicate the global aerospace composite market size was approximately USD 37.31 billion in 2024 and is projected to increase to around USD 109.11 billion by 2034, with a CAGR of 11.33% from 2025 to 2034. North America held a dominant share of this market in 2024. Another projection indicates the aerospace composites market is expected to reach USD 53.4 billion by 2030, up from USD 30.3 billion in 2025, at a CAGR of 12.0% from 2025 to 2030.
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For Albany International (AIN), expected drivers of future revenue growth over the next 2-3 years include:
- Growth in Albany Engineered Composites (AEC) Aerospace Programs: The company anticipates continued revenue expansion from its Engineered Composites segment, driven by the ramping up of multiple programs, particularly those related to the LEAP engine. Demand for narrow-body aircraft like the A320NEO and 737 MAX is expected to rise, favorably positioning AEC as a key supplier of advanced composite parts, including exclusive LEAP engine fan blades and cases. This segment also benefits from a strong backlog and growth in higher-margin aerospace programs.
- Expansion of AEC's Differentiated Technologies into New Applications: Albany International plans to leverage its proprietary and differentiated technologies, such as 3D weaving, braiding, winding, and resin transfer molding. These capabilities are being applied to various end markets beyond traditional aerospace, including engines, space, missiles, ceramic matrix composites, and titanium replacement, creating high-growth opportunities.
- Strategic Portfolio Optimization within Aerospace: The company is undertaking a strategic review of its structures assembly business and its associated production site in Salt Lake City. This initiative aims to align the remaining Aerospace portfolio more closely with strategic priorities, allowing Albany International to pursue growth opportunities where its differentiated technologies offer a clear competitive advantage and stronger returns.
- Exploration of New Markets and Applications in Machine Clothing (MC): While the Machine Clothing segment provides long-term stability driven by factors like a growing middle class and increasing demand for e-commerce, sustainability, and renewable paper products, the company is also actively exploring new markets and industrial applications for its engineered fabrics and process belts, leveraging its existing technologies.
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Share Repurchases
- In the fourth quarter of 2024, Albany International re-initiated its share repurchase program, repurchasing $15 million of shares.
- In the fourth quarter of 2025, the company repurchased $16.8 million of common stock.
- As of February 24, 2026, Albany International completed the repurchase of 2,682,859 shares for $173.36 million under a program announced on February 26, 2025. The Board also authorized a new share repurchase program of up to $250 million in Q4 2024, superseding the prior program.
Share Issuance
- A US$57.96 million shelf registration for an ESOP-related offering was filed in late February 2026.
Outbound Investments
- The company completed the Heimbach acquisition, which contributed to its revenues in 2024 and 2025, with integration reported to be on track as of October 2024.
Capital Expenditures
- Albany International's capital expenditures were $22.7 million in the fourth quarter of 2025 and approximately $72 million for the full year 2025.
- Expected capital expenditures were in the range of $85 million to $95 million for the full year 2025 and $90 million to $95 million for the full year 2024.
- These capital expenditures were primarily focused on facility optimization, customer program investments, innovation, and advanced manufacturing capabilities across both the Machine Clothing and Engineered Composites segments.
Peer Outperformance in Industrial Machinery & Supplies & Components
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| AIN | Albany International | 4.9% | -33.6x | 7.4% | -28.7% | -16.5% | — |
| CRS | Carpenter Technology | 7.0% | 38.3x | 65.8% | 509.9% | 1269.4% | +1,286pp |
| MLI | Mueller Industries | 8.8% | 15.4x | 21.1% | 234.5% | 519.6% | +536pp |
| NPO | Enpro | 3.6% | 139.9x | 29.2% | 137.0% | 263.1% | +280pp |
| PH | Parker Hannifin | 4.1% | 32.7x | 25.9% | 148.3% | 250.9% | +267pp |
| GWW | W.W. Grainger | 5.6% | 32.0x | 27.0% | 87.9% | 231.6% | +248pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.6% | 101.5% | 179.0% | FIX 2325% · CDNL 2275% · STRL 2177% |
| Marine Transportation | 5 | 83.2% | 67.4% | 170.7% | HOS 44163% · MATX 199% · SFL 171% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 9.3% | 56.2% | 124.5% | CAT 341% · ALSN 253% · WAB 230% |
| Aerospace & Defense | 55 | -6.6% | 68.1% | 68.1% | ATI 1043% · FTAI 964% · HWM 652% |
| Rail Transportation | 7 | 29.5% | 58.9% | 48.8% | FSTR 143% · CSX 66% · UNP 55% |
| Trading Companies & Distributors | 19 | 3.3% | 36.9% | 48.2% | DXPE 570% · AIT 302% · WCC 212% |
| Industrial Machinery & Supplies & Components ← | 72 | 7.4% | 47.7% | 41.2% | CRS 1269% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 10.6% | 30.8% | 31.7% | LIME 3498% · TH 499% · WLFC 368% |
| Passenger Ground Transportation | 3 | -25.6% | 34.9% | 30.0% | UBER 77% · CAR 30% · LYFT -71% |
| Cargo Ground Transportation | 16 | 32.4% | -0.2% | 29.4% | XPO 244% · R 242% · CVLG 204% |
| Electrical Components & Equipment | 41 | 3.4% | 55.2% | 20.3% | POWL 2471% · BE 1257% · VRT 956% |
| Building Products | 33 | -13.7% | 1.1% | 18.5% | LMB 701% · GFF 373% · PPIH 293% |
| Industrial Conglomerates | 17 | 8.7% | 5.7% | 6.1% | RCMT 454% · CSW 141% · DD 72% |
| Agricultural & Farm Machinery | 17 | 2.2% | 3.6% | -5.6% | BLBD 191% · DE 109% · GENC 54% |
| Environmental & Facilities Services | 29 | -12.5% | 20.6% | -6.6% | CECO 932% · NVRI 354% · GEO 353% |
| Research & Consulting Services | 13 | -14.0% | -24.4% | -9.7% | HURN 205% · CRAI 90% · GRNQ 55% |
| Data Processing & Outsourced Services | 6 | -33.6% | -15.9% | -26.3% | EXLS 44% · BR 7% · G -25% |
| Passenger Airlines | 11 | 3.1% | 10.4% | -28.8% | LTM 3092% · UAL 144% · SKYW 107% |
| Office Services & Supplies | 9 | 6.6% | 20.5% | -35.1% | PBI 194% · TILE 141% · HNI 46% |
| Human Resource & Employment Services | 22 | 5.4% | -20.1% | -38.0% | BBSI 88% · ADP 53% · PAYX 25% |
| Air Freight & Logistics | 12 | -13.0% | -21.1% | -38.5% | CHRW 97% · FDX 64% · EXPD 63% |
| Security & Alarm Services | 10 | -26.4% | 17.5% | -44.2% | CIX 150% · MG 127% · NL 63% |
| Airport Services | 3 | -72.8% | -79.0% | -58.3% | JOBY -34% · ASLE -58% · UP -100% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 103.22 |
| Mkt Cap | 4.3 |
| Rev LTM | 2,125 |
| Op Inc LTM | 283 |
| FCF LTM | 149 |
| FCF 3Y Avg | 162 |
| CFO LTM | 252 |
| CFO 3Y Avg | 239 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.1% |
| Rev Chg Q | 6.0% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 14.0% |
| Op Inc Chg 3Y Avg | 2.1% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 11.3% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 12.0% |
| CFO/Rev 3Y Avg | 13.3% |
| FCF/Rev LTM | 7.4% |
| FCF/Rev 3Y Avg | 8.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Machine Clothing (MC) | 708 | 750 | 671 | 609 | 619 |
| Albany Engineered Composites (AEC) | 475 | 481 | 477 | 425 | 310 |
| Corporate | 0 | 0 | 0 | 0 | |
| Total | 1,183 | 1,231 | 1,148 | 1,035 | 929 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Machine Clothing (MC) | 156 | 184 | 188 | 196 | 216 |
| Corporate | -47 | -41 | -48 | -35 | -54 |
| Albany Engineered Composites (AEC) | -145 | -12 | 27 | 20 | 16 |
| Total | -36 | 131 | 168 | 181 | 178 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Machine Clothing (MC) | 618 | 601 | 670 | 455 | 459 |
| Albany Engineered Composites (AEC) | 492 | 736 | 801 | 718 | 653 |
| Assets held for sale | 294 | 0 | 0 | ||
| Income taxes prepaid and receivable, and Deferred income taxes | 112 | 48 | 34 | 23 | 28 |
| Cash | 112 | 115 | 173 | 292 | 302 |
| Prepaid expenses and other current assets, and Other assets | 90 | 149 | 157 | 154 | 114 |
| Total | 1,719 | 1,649 | 1,835 | 1,642 | 1,556 |
Price Behavior
| Market Price | $60.61 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 09/30/1987 | |
| Distance from 52W High | -20.1% | |
| 50 Days | 200 Days | |
| DMA Price | $65.09 | $59.81 |
| DMA Trend | up | down |
| Distance from DMA | -6.9% | 1.3% |
| 3M | 1YR | |
| Volatility | 47.8% | 40.1% |
| Downside Capture | 155.47 | 112.96 |
| Upside Capture | 57.37 | 101.39 |
| Correlation (SPY) | 4.0% | 32.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.13 | -0.35 | 0.23 | 0.91 | 0.96 | 1.12 |
| Up Beta | -6.19 | -3.63 | -2.15 | -0.02 | 0.69 | 1.07 |
| Down Beta | 0.42 | 0.00 | 0.47 | 1.29 | 0.97 | 0.93 |
| Up Capture | -219% | -39% | 52% | 95% | 77% | 104% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 23 | 34 | 73 | 130 | 391 |
| Down Capture | 370% | 228% | 132% | 127% | 116% | 109% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 19 | 29 | 53 | 119 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIN | |
|---|---|---|---|---|
| AIN | 9.6% | 40.1% | 0.32 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 43.1% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 32.1% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 19.7% |
| Commodities (DBC) | 46.9% | 20.6% | 1.76 | -10.6% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 26.0% |
| Bitcoin (BTCUSD) | -34.5% | 43.9% | -0.84 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIN | |
|---|---|---|---|---|
| AIN | -3.4% | 34.1% | -0.04 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 60.0% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 51.6% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 13.1% |
| Commodities (DBC) | 11.3% | 19.5% | 0.45 | 8.6% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 45.6% |
| Bitcoin (BTCUSD) | 11.2% | 52.5% | 0.39 | 20.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIN | |
|---|---|---|---|---|
| AIN | 4.9% | 36.5% | 0.24 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 61.7% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 53.2% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 7.4% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 19.8% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 45.4% |
| Bitcoin (BTCUSD) | 61.7% | 66.1% | 1.02 | 16.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/1/2026 | 8.2% | 11.5% | |
| 10/28/2025 | -2.0% | -6.6% | -21.3% |
| 10/3/2024 | -11.0% | -17.8% | -21.9% |
| 3/30/2023 | 0.7% | -2.6% | 2.7% |
| 10/25/2021 | 1.6% | 2.1% | 7.9% |
| 7/26/2021 | 4.9% | 4.1% | -5.1% |
| 4/26/2021 | 1.0% | 2.6% | -7.1% |
| 2/10/2021 | -4.7% | 6.8% | 14.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 4 |
| # Negative | 3 | 3 | 4 |
| Median Positive | 2.3% | 5.5% | 11.0% |
| Median Negative | -4.7% | -6.6% | -14.2% |
| Max Positive | 8.2% | 11.5% | 38.4% |
| Max Negative | -11.0% | -17.8% | -21.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/1/2026 | 8.2% | 11.5% | |
| 10/28/2025 | -2.0% | -6.6% | -21.3% |
| 10/3/2024 | -11.0% | -17.8% | -21.9% |
| 3/30/2023 | 0.7% | -2.6% | 2.7% |
| 10/25/2021 | 1.6% | 2.1% | 7.9% |
| 7/26/2021 | 4.9% | 4.1% | -5.1% |
| 4/26/2021 | 1.0% | 2.6% | -7.1% |
| 2/10/2021 | -4.7% | 6.8% | 14.1% |
| 10/29/2020 | 2.9% | 9.5% | 38.4% |
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 4 |
| # Negative | 3 | 3 | 4 |
| Median Positive | 2.3% | 5.5% | 11.0% |
| Median Negative | -4.7% | -6.6% | -14.2% |
| Max Positive | 8.2% | 11.5% | 38.4% |
| Max Negative | -11.0% | -17.8% | -21.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 04/29/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 04/29/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
| 03/31/2022 | 04/26/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 10/26/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/27/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/30/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Insider Activity
Updated 9/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kleveland, Gunnar | President and CEO | Direct | Buy | 11182025 | 42.04 | 2,300 | 96,701 | 836,467 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kleveland, Gunnar | President and CEO | Direct | Buy | 11182025 | 42.04 | 2,300 | 96,701 | 836,467 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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