The EPS beat is tempered by a revenue miss and Q3 guidance that implies a sequential earnings decline. Watch the Q3 2026 earnings call for commentary on Machine Clothing demand trends in China and Americas, and whether Engineered Composites margin expansion can sustain. The mixed read suggests limited near-term upside until revenue growth aligns with profitability.
Price Chart
Executive Summary
Albany International reported Q2 2026 adjusted EPS of $0.82, beating consensus of $0.74 by 10.8%, on revenue of $329.5M which missed the $340.1M estimate by 3.1%. The EPS beat was driven by strong margin expansion in Engineered Composites (Adjusted EBITDA margin up 480bps to 13.3%) and cost controls, while Machine Clothing revenue declined 2.4% on a constant-currency basis. Q3 guidance for adjusted EPS of $0.60-$0.70 is below the Q2 beat and implies a sequential decline, tempering the headline upside.
Key Financial Metrics
Key Facts
- Q2 2026 adjusted EPS of $0.82 beat consensus of $0.74 by 10.8%
- Q2 revenue of $329.5M missed consensus of $340.1M by 3.1%
- Revenue grew 5.8% YoY to $329.5M from $311.4M
- Adjusted EBITDA rose 11.5% YoY to $57.8M with margin expanding 90bps to 17.6%
- Engineered Composites revenue up 14.2% constant-currency; Machine Clothing down 2.4% constant-currency
- Q3 2026 guidance: revenue $320M-$330M, adjusted EPS $0.60-$0.70 (midpoint $0.65 vs Q2 actual of $0.82)
- GAAP net income $17.4M ($0.61/diluted share) vs $9.2M ($0.31) in Q2 2025
- Net debt increased to $373.3M from $343.3M at year-end 2025
Financial Impact
EPS beat of $0.08 (10.8%) on $10.6M revenue miss (3.1%) — mixed signal with guidance implying QoQ decline
Risk Factors
- Machine Clothing revenue declining 2.4% constant-currency amid Asia overcapacity
- Q3 adjusted EPS guidance midpoint of $0.65 implies ~21% sequential decline from Q2's $0.82
- Net debt increased $30M since year-end 2025 to $373.3M
- CH-53K AFT program booked at zero margin continues to weigh on Engineered Composites profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-052156 |
| Document: 0001628280-26-052156-index-headers.html | 0001628280-26-052156 |
| Document: 0001628280-26-052156-index.html | 0001628280-26-052156 |
| Document: 0001628280-26-052156.txt | 0001628280-26-052156 |
| 8-K Data (Synthetic) | 0001628280-26-052156 |
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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