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Albany International Corp. announced the completion of its strategic review for the Amelia Earhart Drive facility in…
AINAlbany International Corp
Albany International Corp. announced the completion of its strategic review for the Amelia Earhart Drive facility in Salt Lake City, Utah, deciding to retain the site rather than divest it. The decision follows a renegotiated contract with Sikorsky on the CH-53K helicopter program and an extension with Boeing for 787 Dreamliner composite fuselage frames. Management reversed a portion of forward loss reserves previously recognized in Q3 2025, improving the financial outlook for the Engineered Composites segment. The company updated its adjusted EPS guidance for Q3 2026 to $1.40-$1.50 (up from $0.60) and provided Q4 2026 revenue estimates of $325 million to $335 million with adjusted EPS of $0.65-$0.75. Albany International Corp. is a leading materials science developer and manufacturer of engineered components, operating in Machine Clothing and Engineered Composites segments for aerospace and industrial applications.