Quarterly ResultApr 30, 2026, 08:11 AM
AIN Q1 Revenue +7.8% to $311.3M; EPS $0.54
AI Summary
Albany International reported Q1 2026 net revenue of $311.3 million, a 7.8% increase year-over-year, driven by strong performance in Engineered Composites. However, net income attributable to the company decreased to $15.3 million, or diluted EPS of $0.54, compared to $17.4 million and $0.56 in Q1 2025. Adjusted EBITDA also declined by 13.6% to $48.2 million. The company noted a strong start to 2026, with results at the top end of expectations, despite softness in Asian markets for Machine Clothing.
Key Highlights
- Q1 2026 net revenue increased 7.8% to $311.3 million from $288.8 million in Q1 2025.
- Net income attributable to the company was $15.3 million, down from $17.4 million year-over-year.
- Diluted EPS was $0.54, compared to $0.56 in the prior year.
- Adjusted EBITDA decreased 13.6% to $48.2 million from $55.7 million in Q1 2025.
- Adjusted diluted EPS was $0.60, down from $0.73 in Q1 2025.
- Machine Clothing net revenues decreased 8.5% (currency adjusted) due to weakness in Asia.
- Company paid $7.9 million in dividends and invested $9.3 million in capital.