Albany International Corp. Q1 2026 Results

Albany International Corp. reported its first-quarter 2026 financial results on April 30, 2026. Net revenues increased to $311.3 million from $288.8 million in Q1 2025, primarily driven by higher volume in the Engineered Composites business, though partially offset by softness in Asia markets and downtime in the Machine Clothing business. Net income attributable to the Company was $15.3 million, or $0.54 per diluted EPS, compared to $17.4 million, or $0.56 per diluted EPS, in the prior year. Adjusted EBITDA was $48.2 million, a decrease from $55.7 million in Q1 2025. The company paid $7.9 million in dividends and invested $9.3 million in capital. For the second quarter of 2026, the company expects consolidated revenue between $335 million and $345 million, with Adjusted EPS projected between $0.70 and $0.80.