Albany International Reports Record Q3 2026 Revenue Driven by Aerospace Growth
Albany International (AIN) reported a significant third-quarter performance for 2026, with revenue reaching $349.5 million, a 34% increase year-over-year. This growth was primarily fueled by production ramps in engineered composites and a favorable $12 million contract renegotiation regarding the CH-53K program. The Aerospace & Engineered Composites (AEC) segment achieved record revenue of $179.7 million, supported by increased production for Boeing 787, LEAP engines, and missile programs. While the company saw strong performance in aerospace, its Machine Clothing segment experienced a slight decline due to customer consolidation and capacity rationalization in the Americas. Despite this, Albany International improved its free cash flow to $36.5 million and successfully reduced net debt. Looking ahead, management provided Q4 revenue guidance between $325 million and $335 million, anticipating continued growth in engineered composites even as machine clothing demand remains soft.
Tickers: $AIN
Topics: contract renegotiation EBITDA EPS beat guidance revenue growth