The CH-53K contract resolution removes a major overhang and unlocks significant profitability in Engineered Composites. Watch Q4 guidance execution and the December investor day for updates on growth trajectory in aerospace and defense programs.
Price Chart
Executive Summary
Albany International reported Q3 2026 revenue of $349.5M (up 34% YoY) and GAAP diluted EPS of $1.46, compared to a loss of $(3.37) in Q3 2025. The results include a $44.4M EBITDA benefit from the favorable conclusion of the CH-53K contract renegotiation and Amelia Earhart Drive strategic review. The company issued Q4 2026 guidance for revenue of $325M-$335M and Adjusted EPS of $0.65-$0.75.
Key Financial Metrics
Key Facts
- Q3 2026 net revenue of $349.5M, up 34% from $261.4M in Q3 2025
- GAAP diluted EPS of $1.46 vs. $(3.37) loss per share in Q3 2025
- Adjusted EBITDA of $100.1M, including $44.4M benefit from CH-53K contract modifications
- Engineered Composites revenue up 107.0% on a constant-currency basis, driven by LEAP, CH-53K, and missile programs
- Machine Clothing revenue down 3.0% on a constant-currency basis, with adjusted EBITDA margin of 27.2% vs. 31.0%
- Free cash flow of $36.5M in Q3 2026 vs. $25.7M in Q3 2025
- Net debt reduced to $343.0M from $372.3M a year ago
- Q4 2026 guidance: consolidated revenue $325M-$335M, Adjusted EPS $0.65-$0.75
Financial Impact
Q3 revenue beat consensus of $326.1M by $23.4M (7.2%); GAAP EPS of $1.46 vs. consensus of $1.48 (miss of 1.4%, in_line per the ±2% rule); Adjusted EPS of $1.68
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Machine Clothing | $169.8M | -3.0% |
| Albany Engineered Composites | $179.7M | +107.0% |
Risk Factors
- Machine Clothing continues to face cyclical declines in the Americas, with revenue down 3.0% and margin compression
- Q4 2026 Adjusted EPS guidance of $0.65-$0.75 implies a sequential decline from Q3's $1.68, partly due to the absence of the CH-53K benefit
- Restructuring expenses of $7.3M in Q3 and ongoing footprint optimization in Machine Clothing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-067946 |
| Document: 0001628280-26-067946-index-headers.html | 0001628280-26-067946 |
| Document: 0001628280-26-067946-index.html | 0001628280-26-067946 |
| Document: 0001628280-26-067946.txt | 0001628280-26-067946 |
| 8-K Data (Synthetic) | 0001628280-26-067946 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 3d ago | 8-K | $64.96 $67.00 | ▲ +3.14% | ▲ +4.91% | $67.00 (+3.14%) |
Aug 31, 2026 8w ago | 8-K | $55.43 $54.33 | ▼ −1.98% | ▼ −1.30% | $67.00 (+20.87%) |
Aug 4, 2026 12w ago | 8-K | $62.98 $61.81 | ▼ −1.86% | ▼ −1.66% | $67.00 (+6.38%) |
Jun 19, 2026 19w ago | Institutional Cluster | $71.99 $70.37 | ▲ +2.25% | ▲ +0.80% | $67.00 (+6.93%) |
Jun 11, 2026 20w ago | Institutional Cluster | $70.95 $70.95 | · 0.00% | ▼ −0.54% | $67.00 (−5.57%) |
Apr 30, 2026 26w ago | 8-K | $58.04 $58.27 | ▲ +0.40% | ▲ +0.18% | $67.00 (+15.44%) |
US Market Status
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