Albany International Corp.

Albany International Q3 2026: Record composites revenue on aerospace ramps, CH-53K settlement resolves legacy risk.

Albany International delivered consolidated revenue of $349.5 million, up 34% year-over-year, driven by engineered composites reaching record quarterly revenue of $179.7 million on higher production rates across LEAP, Boeing platforms, CH-53K, and missile programs. The renegotiation of the CH-53K contract removed $147 million in prior-year loss reserves and improved segment economics by approximately $44 million in adjusted EBITDA this quarter, though the underlying engineered composites margin was 12.5% excluding one-time benefits. Management expects continued aerospace and defense program ramps through 2027, with margin expansion targeted to mid-teens by year-end 2027, supported by pricing gains, volume growth, and new contract wins including a $21.2 million IBAS award for ceramics matrix composites capacity.

Albany International Corp. is a global manufacturer of advanced textiles and composite materials serving the paper, industrial, and aerospace industries. The company operates two segments: Machine Clothing, the world's leading producer of paper machine clothing, and Albany Engineered Composites, which manufactures advanced composite components for commercial and defense aerospace applications. Founded in 1895, Albany employs approximately 5,700 people across North America, South America, Europe, and Asia.

Primary products

• Paper Machine Clothing
• forming fabrics
• pressing fabrics
• drying fabrics
• process belts
• Engineered Fabric products

“The MC segment is the world's leading producer of custom-designed fabrics and high-speed process belts critical in the manufacture of all grades of paper products.” Competitive position, as stated in the filing