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1. Company Snapshot

1.a. Company Description

Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business.The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC).The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels.


This segment offers forming, pressing, and drying fabrics, as well as process belts used in the manufacture of nonwovens, fiber cement and several other industrial applications; and engineered fabrics.The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft.It operates in the United States, Switzerland, Brazil, China, France, Mexico, and internationally.


Albany International Corp.was incorporated in 1895 and is headquartered in Rochester, New Hampshire.

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1.b. Last Insights on AIN

Albany International Corp.'s recent performance was driven by several factors. The company reported its Q4 2025 earnings, with CEO Gunnar Kleveland noting a strategic review of its structures assembly business and associated production site in Salt Lake City. Additionally, Albany Engineered Composites achieved U.S. Department of War CMMC Level 2 certification, enhancing its cybersecurity capabilities. The company also announced a quarterly dividend of $0.28 per share, payable January 8, 2026. According to Marketbeat Ratings, the stock has an average rating of "Reduce" from six research firms, with three sell ratings and three hold ratings.

1.c. Company Highlights

2. Albany International's Q4 2025 Earnings: A Mixed Bag

Albany International reported total consolidated sales of $321.2 million, up 12% year-over-year, driven by higher sales in its Engineered Composites business. Adjusted EBITDA was $57.3 million, representing 17.8% of sales, compared to $50 million or 17.4% of sales in the year-ago period. The company's actual EPS came in at $0.4968, missing estimates of $0.64. The revenue growth was largely driven by the Engineered Composites segment, which saw sales rise to $143.7 million from $98.8 million in the year-ago period.

Publication Date: Feb -25

📋 Highlights
  • Total Sales Growth:: Consolidated sales rose 12% to $321.2 million, driven by Engineered Composites growth.
  • Engineered Composites Performance:: Sales surged to $143.7 million (up 45% YoY), with LEAP program volume up 27%.
  • Free Cash Flow:: Generated $81 million in 2025, supporting shareholder returns and strategic investments.
  • Q1 Guidance:: Revenue expected between $275–285 million, with Adjusted EPS of $0.50–$0.60.
  • AEC Margin Outlook:: 13% margin guidance for 2026, excluding CH-53K program charges and Salt Lake strategic review impacts.

Segment Performance

The Machine Clothing segment saw sales decline mid-single digits year-over-year, driven by lower volumes in China. In contrast, the Engineered Composites business delivered a strong performance, with sales growth driven by broad-based volume increases across multiple programs, including the LEAP program. As Willard Station noted, "We're aligned with production, with our volume up 27% year-over-year on the LEAP program."

Outlook and Guidance

For the first quarter, Albany International expects consolidated revenue to be in the range of $275 million to $285 million, with Adjusted EPS in the range of $0.50 to $0.60. The company anticipates year-over-year growth in Engineered Composites, but at a moderate pace compared to the fourth quarter. Looking ahead to the full year, Albany International expects continued growth across key platforms, including LEAP, engine programs, and missile applications.

Valuation and Growth Expectations

Analysts estimate next year's revenue growth at -3.4%. Given the current valuation metrics, the stock trades at a P/E Ratio of -27.46, P/B Ratio of 2.15, and EV/EBITDA of -34.69. The company's Free Cash Flow Yield is 5.1%, indicating a relatively attractive return for investors. With a ROE of -7.0% and ROIC of -2.61%, the company's profitability metrics are negative, but the Net Debt / EBITDA ratio is -6.08, indicating a healthy debt position.

3. NewsRoom

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Albany Engineered Composites Highlights Production-Ready Composite Manufacturing at JEC World 2026

Mar -03

Source: businesswire.com

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Albany Engineered Composites President Chris Stone to Join Executive Panel on Industrializing Next-Generation Aerospace Composites

Feb -26

Source: businesswire.com

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Albany International Corp. (AIN) Q4 2025 Earnings Call Transcript

Feb -24

Source: seekingalpha.com

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Albany International Reports Fourth-Quarter 2025 Results

Feb -24

Source: businesswire.com

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Albany International Corporation (NYSE:AIN) Receives $61.50 Consensus Target Price from Brokerages

Feb -16

Source: defenseworld.net

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Albany International Schedules Fourth-Quarter Earnings Release and Conference Call

Feb -04

Source: businesswire.com

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Albany International Corporation (NYSE:AIN) Receives $61.50 Average Price Target from Analysts

Jan -22

Source: defenseworld.net

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Albany International Achieves U.S. Department of War CMMC Level 2 Certification for its Albany Engineered Composites Business Segment

Dec -22

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.62%)

6. Segments

Machine Clothing

Expected Growth: 6.5%

Albany International Corp.'s Machine Clothing segment growth of 6.5% is driven by increasing demand for high-quality paper products, growth in tissue and towel markets, and expansion in emerging markets. Additionally, the company's focus on innovation, cost savings, and operational efficiency also contribute to the segment's growth.

Albany Engineered Composites

Expected Growth: 6.8%

Albany Engineered Composites' 6.8% growth is driven by increasing demand for lightweight materials in aerospace and industrial applications, coupled with the company's strategic investments in R&D, expansion into new markets, and operational efficiencies. Additionally, the growing trend towards sustainable and fuel-efficient solutions in the aerospace industry is expected to continue driving growth.

7. Detailed Products

Machine Clothing

Albany International Corp. designs and manufactures a wide range of machine clothing products, including forming fabrics, press felts, and dryer screens, used in the production of paper, tissue, and nonwoven products.

Engineered Composites

Albany International Corp. produces advanced composite materials and structures for aerospace, defense, and industrial applications, including aircraft components, satellite components, and industrial equipment.

PrimaLoft Products

Albany International Corp. manufactures PrimaLoft insulation products, which provide high-performance thermal insulation for outdoor apparel, gear, and home furnishings.

8. Albany International Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Albany International Corp. is medium due to the availability of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of buyers in the market, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers in the market, reducing their negotiating power.

Threat Of New Entrants

The threat of new entrants is medium due to the moderate barriers to entry in the industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established competitors in the market, leading to intense competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 32.56%
Debt Cost 9.89%
Equity Weight 67.44%
Equity Cost 10.39%
WACC 10.23%
Leverage 48.29%

11. Quality Control: Albany International Corp. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Albany International

A-Score: 3.5/10

Value: 5.1

Growth: 4.8

Quality: 2.2

Yield: 3.0

Momentum: 1.0

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

59.09$

Current Price

59.09$

Potential

-0.00%

Expected Cash-Flows