ALBANY INTERNATIONAL CORP /DE/ 8-K

What Happened
Albany International Corp. (NYSE: AIN) announced fourth‑quarter 2025 results on February 24, 2026, reporting net revenue of $321.2 million (up from $286.9M a year earlier) and net income attributable to the company of $13.9 million, or $0.49 per share. On a non‑GAAP basis, Adjusted EBITDA was $57.3 million and Adjusted diluted EPS was $0.65. Management said Engineered Composites drove the revenue gain while Machine Clothing faced softness in Asian markets. The company will host a webcast discussing results at 9:00 a.m. ET on Feb. 24, 2026.

Key Details

• Q4 2025 revenue: $321.2M vs $286.9M in Q4 2024; currency‑adjusted consolidated revenue ~$314.6M.
• Q4 2025 net income (GAAP): $13.9M ($0.49/share); Adjusted diluted EPS (non‑GAAP): $0.65. Adjusted EBITDA: $57.3M (Adjusted EBITDA margin 17.8%).
• Segment performance (currency‑adjusted): Machine Clothing down ~7.9%; Albany Engineered Composites up ~43.1% year‑over‑year.
• Capital and liquidity: repurchased $16.8M (360,267 shares) in Q4, paid $7.9M in dividends, capex $22.7M; cash $112.4M, total debt $455.7M, net debt ~$343.3M; free cash flow in Q4 $51.0M.
• Corporate actions & guidance: management has begun a strategic review of its structures assembly business (Salt Lake City site) and engaged an advisor; Q1 2026 guidance — consolidated revenue $275–285M and Adjusted EPS $0.50–0.60.

Why It Matters
The quarter shows top‑line growth driven by the Engineered Composites business, indicating stronger aerospace program activity, while Machine Clothing weakness in Asia weighed on margins. Adjusted earnings metrics improved despite GAAP net income declining year‑over‑year due mainly to a higher effective tax rate and higher SG&A. The company is returning capital to shareholders (buybacks and dividends) and is conducting a strategic review of a parts of its Aerospace footprint, which could change the business mix going forward. Q1 guidance gives investors a near‑term view of expected revenue and adjusted profit trends.