The Q2 guidance midpoint of $0.75 Adjusted EPS implies a sharp sequential rebound from Q1's $0.60, but the CH-53K zero-margin drag and MC Asia weakness persist. Watch for updates on the strategic review of the structures assembly business (Amelia Earhart facility) and any further CH-53K program adjustments.
Price Chart
Executive Summary
Albany International reported Q1 2026 revenue of $311.3M (up 7.8% YoY) and GAAP diluted EPS of $0.54, missing the prior year's $0.56. Adjusted EPS of $0.60 beat the $0.53 consensus by 13.2%, but Adjusted EBITDA fell 13.6% to $48.2M due to zero-margin CH-53K program revenue and lower Machine Clothing volumes. The company guided Q2 2026 revenue of $335M-$345M and Adjusted EPS of $0.70-$0.80, signaling a sequential improvement but ongoing margin headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $311.3M vs $288.8M YoY (+7.8% reported, +4.6% constant currency)
- GAAP diluted EPS $0.54 vs $0.56 YoY; Adjusted EPS $0.60 vs $0.73 YoY
- Adjusted EBITDA $48.2M, down 13.6% from $55.7M; margin contracted to 15.5% from 19.3%
- Machine Clothing revenue fell 8.5% constant currency; AEC revenue rose 24.7% constant currency
- Q2 2026 guidance: revenue $335M-$345M, Adjusted EPS $0.70-$0.80
- Free cash flow negative $3.6M in Q1 vs negative $13.5M in prior year
- Net debt increased to $354.0M from $343.3M at year-end 2025
Financial Impact
Adjusted EPS beat consensus by $0.07 (+13.2%), but GAAP EPS declined 3.6% YoY and Adjusted EBITDA dropped 13.6%
Risk Factors
- Continued zero-margin CH-53K AFT program revenue weighing on AEC margins
- Machine Clothing revenue decline accelerating in Asia due to overcapacity
- Rising net debt ($354M) and negative free cash flow limit financial flexibility
- Higher effective tax rate (33.1% vs 26.6% YoY) pressuring net income
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028598 |
| Document: 0001628280-26-028598-index-headers.html | 0001628280-26-028598 |
| Document: 0001628280-26-028598-index.html | 0001628280-26-028598 |
| Document: 0001628280-26-028598.txt | 0001628280-26-028598 |
| 8-K Data (Synthetic) | 0001628280-26-028598 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 8w ago | 8-K | $55.43 | awaiting T+60 | — | $62.70 (+13.12%) |
Aug 4, 2026 12w ago | 8-K | $62.98 | awaiting T+60 | — | $62.70 (−0.44%) |
Jun 19, 2026 18w ago | Institutional Cluster | $71.99 $59.47 | ▲ +17.39% | ▲ +19.14% | $62.70 (+12.90%) |
Jun 11, 2026 19w ago | Institutional Cluster | $70.95 $62.43 | ▼ −12.01% | ▼ −16.40% | $62.70 (−11.63%) |
Apr 30, 2026 25w ago | 8-K | $58.04 $76.16 | ▲ +31.22% | ▲ +28.11% | $62.70 (+8.03%) |
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