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Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Albany International (AIN) investor relations material
Albany International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Initiated a strategic review of the structures assembly business, including a potential sale of the Salt Lake City facility, to focus on core 3D woven technology and engineered components, and reached an agreement to conclude the Gulfstream contract.
Decided to exit the CH-53K program, taking a full expected loss reserve of $147.3 million over eight years, due to lack of profitability and misalignment with strategic goals.
Q3 2025 net revenues declined 12.4% year-over-year to $261.4 million, with a net loss of $97.8 million compared to net income of $18.0 million in Q3 2024, driven by significant contract loss provisions in the AEC segment.
Continued investment in growth and significant capital returns to shareholders, including share repurchases and dividends.
Remaining portfolio now focused on machine clothing and engineered composites, both with strong market positions and attractive margins.
Financial highlights
Q3 2025 revenue was $261.4 million, down from $298.4 million year-over-year, mainly due to a $46 million revenue charge from the CH-53K program.
Reported GAAP net loss of $97.8 million ($3.37 per share) versus net income of $18 million ($0.57 per share) last year; adjusted net income was $20.6 million ($0.71 per share) compared to $35.2 million ($1.12 per share) in Q3 2024.
Adjusted EBITDA was $56.2 million (18.3% margin), down from 21.5% last year, reflecting lower revenue and program charges.
Gross profit was a loss of $49.9 million, compared to a profit of $90.4 million last year; excluding CH-53K, gross margin was 31.7% versus 33.3%.
Free cash flow was $25.7 million, down from $31.2 million, due to higher CapEx and working capital investments.
Outlook and guidance
Withdrew full-year 2025 guidance due to uncertainty from the strategic review; plans to reintroduce 2026 guidance with Q4 results.
Expects Q4 trends to mirror Q3: stable Americas, moderate European recovery, continued weakness in China, and steady engineered composites performance.
MC segment expects continued revenue declines in publication grade paper and softness in Asia, offset by growth in European packaging and tissue grades.
AEC segment faces ongoing challenges from cost overruns and contract losses, particularly on the CH-53K program, and is exploring strategic alternatives for its structures assembly business.
Specifics on 3D woven titanium replacement programs
MC Asia strategy beyond footprint optimization
How does the strategic review impact 2026 targets?
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Next Albany International earnings date
Q4 202526 Feb, 2026
Next Albany International earnings date
Q4 202526 Feb, 2026
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Frequently asked questions
Albany International Corp is a manufacturer of engineered components, primarily serving the aerospace and paper industries. Its machine clothing segment produces fabrics and belts used in paper manufacturing, while its aerospace segment develops advanced composite structures and components. The company operates manufacturing facilities globally. The company is headquartered in Rochester, New Hampshire, and its shares are listed on the NYSE.
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