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.

Albany International Corp announced on August 31, 2026, that Chief Financial Officer Willard Station is taking an immediate medical leave of absence with no determined duration. The Board appointed Sean Valashinas, the Company’s Controller and Chief Accounting Officer since June 9, 2025, to serve as acting principal financial officer effective immediately. Mr. Valashinas brings prior experience as Vice President of Accounting, Treasury, and Tax at Resonetics and held similar roles at Standex International Corporation from 2007 to 2024. There are no changes to his compensation terms. Albany International Corp operates in the advanced materials industry, manufacturing composite structures for aerospace, defense, and industrial applications.

Albany International Corp. reported second-quarter 2026 financial results with net revenue of $329.5 million, a 6% increase from the prior year period. Net income attributable to the Company rose 90% to $17.4 million, or diluted earnings per share of $0.61. Adjusted EBITDA increased 11% to $57.8 million, and adjusted diluted EPS grew 45% to $0.82. The company paid $7.9 million in dividends during the quarter. Management provided third-quarter 2026 guidance projecting consolidated net revenue between $320 million and $330 million and adjusted EPS between $0.60 and $0.70. Albany International Corp. operates in the aerospace, defense, and industrial manufacturing sectors, producing engineered composites and machine clothing.