Albany International Corp. filed an 8-K on October 28, 2026, reporting third-quarter 2026 financial results, including net revenue of $349.5 million and net income attributable to the company of $41.7 million.

Key Highlights

  • Net revenue of $349.5 million in Q3 2026, up 34% from $261.4 million in Q3 2025, according to the filing.
  • Net income of $41.7 million, or diluted EPS of $1.46, compared to a net loss of $(97.8) million, or diluted loss per share of $(3.37), in the prior year.
  • Adjusted EBITDA of $100.1 million in Q3 2026, versus $(91.1) million in Q3 2025, with an adjusted EBITDA margin of 28.6%.
  • Positive free cash flow of $36.5 million in the third quarter, as reported in the filing.
  • Dividends of $7.9 million paid and $12.2 million invested in capital during the quarter.
  • Engineered Composites net revenues increased 107.0% after adjusting for currency translation, driven by the LEAP program and CH-53K and missile programs.
  • Machine Clothing net revenues decreased 3.0% after adjusting for currency translation, primarily driven by cyclical declines in the Americas.

Albany International Third-Quarter 2026 Results: CH-53K Resolution and Segment Performance

According to the 8-K filed by Albany International Corp. (NYSE:AIN) on October 28, 2026, the company reported consolidated net revenues of $349.5 million for the third quarter ended September 30, 2026, compared to $261.4 million in the third quarter of 2025. The filing attributes the increase primarily to higher volume in the Engineered Composites segment and approximately $11.6 million in positive program adjustments resulting from renegotiation of the CH-53K contract.

The filing discloses that gross profit in Q3 2026 was $140.4 million, compared to a gross loss of $(49.9) million in the same period of 2025. The company reported that a $33.4 million favorable adjustment followed modifications to the CH-53K program, partially offset by a catch-up of depreciation and amortization of $(11.0) million. In Q3 2025, results were impacted by a $147.3 million unfavorable adjustment due to cost increases related to the CH-53K program. Selling, general, and administrative expenses were $61.5 million in Q3 2026, compared to $51.9 million in Q3 2025, driven primarily by increased compensation costs and costs associated with the Strategic Review, as the filing states. The effective tax rate for the quarter was 24.9%, compared to a 20.0% effective tax benefit in Q3 2025.

On a segment basis, the filing reports that Engineered Composites' adjusted EBITDA margin was 36.5%, compared to (155.5)% in Q3 2025, with the year-over-year change largely reflecting the impact of adjustments following the CH-53K contract modification. Machine Clothing's adjusted EBITDA margin was 27.2%, compared to 31.0% in Q3 2025, with the decline attributed primarily to volume and geographic mix. The filing notes that the company will host a webcast to discuss earnings at 9:00 a.m. Eastern Time on October 29, 2026. The news release containing the full results is furnished as Exhibit 99.1 to the report, which was signed by Sean Valashinas, Acting Chief Financial Officer, Controller and Chief Accounting Officer.

What Was Disclosed

Albany International's 8-K for October 28, 2026 disclosed third-quarter 2026 operating results, including net revenue of $349.5 million, net income of $41.7 million, adjusted EBITDA of $100.1 million, and segment-level performance following the conclusion of the Amelia Earhart Drive Strategic Review and CH-53K contract renegotiation.