Earnings ·
Albany International reports Q3 net income of $41.7M, or $1.46 diluted EPS
AINAlbany International Corp
Albany International reported third-quarter 2026 net revenue of $349.5 million, a 34% increase from the prior year period, driven by higher volume in Engineered Composites and favorable contract adjustments on the CH-53K program. Net income attributable to the company was $41.7 million, or $1.46 per diluted share, compared to a net loss of $(97.8) million, or $(3.37) per diluted share, in Q3 2025. Adjusted EBITDA reached $100.1 million, up from a loss of $(91.1) million in the prior year. The company also reported positive free cash flow of $36.5 million and paid $7.9 million in dividends during the quarter. Albany International Corp. manufactures engineered composites for aerospace and defense applications as well as machine clothing for paper manufacturing.