Albany International stock: Q3 revenue jumps 34% as profit returns

Published on 11/12/2026 at 01:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Albany International stock remains in focus after a sharp third-quarter return to profit. Management issued a USD 325 million to USD 335 million revenue outlook.

Albany returns to quarterly profit

Third-quarter revenue rose 34 percent year over year to USD 349.5 million.
Engineered Composites volume and CH-53K contract adjustments lifted profitability.
Albany expects fourth-quarter revenue of USD 325 million to USD 335 million and adjusted EPS of USD 0.65 to USD 0.75.

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Albany International reported a return to profitability in the third quarter ended September 30, 2026, as revenue increased 34 percent year over year to USD 349.5 million. The company announced the results on October 28 in its third-quarter results release.

Profitability rebounds in third quarter

Net income attributable to Albany International was USD 41.7 million, or diluted earnings per share of USD 1.46, compared with a net loss of USD 97.8 million and a diluted loss of USD 3.37 in the year-earlier quarter. Adjusted diluted earnings per share reached USD 1.68, while adjusted EBITDA was USD 100.1 million.

Higher volume in Engineered Composites supported the improvement. Albany also recorded positive program adjustments after renegotiating its CH-53K contract. The company said the contract changes contributed USD 33.4 million to gross profit and USD 44.4 million to adjusted EBITDA, while adjusted results excluded third-party costs related to the conclusion of its strategic review.

Fourth-quarter outlook sets next test

Albany expects fourth-quarter consolidated revenue between USD 325 million and USD 335 million. The company forecast Machine Clothing revenue of USD 170 million to USD 175 million, Engineered Composites revenue of USD 155 million to USD 160 million and adjusted EPS of USD 0.65 to USD 0.75. The revised effective tax-rate expectation is 29.5 percent.

Free cash flow was positive at USD 36.5 million in the third quarter. Albany paid USD 7.9 million in dividends and invested USD 12.2 million in capital expenditure. Cash and cash equivalents stood at USD 79.1 million at quarter-end, against total debt of USD 422.1 million.