Albany International Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 29, 2026, reporting a return to profitability compared to a loss in the same quarter of the prior year.

Key Highlights

  • Net revenues were $349,539 thousand for the three months ended September 30, 2026, compared to $261,434 thousand in the same period of 2025, according to the filing.
  • Gross profit was $140,378 thousand for the three months ended September 30, 2026, compared to a gross loss of $49,938 thousand in the prior-year quarter.
  • Net income attributable to the Company was $41,697 thousand for the three months ended September 30, 2026, versus a loss of $97,760 thousand for the same period in 2025.
  • Diluted earnings per share attributable to Company shareholders were $1.46 for the three months ended September 30, 2026, compared to a loss of $3.37 per diluted share in the prior-year quarter.
  • Restructuring expenses, net, were $7,293 thousand for the three months ended September 30, 2026, and $18,431 thousand for the nine months ended September 30, 2026.
  • Shares outstanding were reported at 28.4 million shares of Class A Common Stock as of October 15, 2026.
  • Dividends declared per Class A share were $0.28 for the three months ended September 30, 2026, compared to $0.27 in the prior-year quarter.

Albany International Reports Q3 2026 Financial Results and Segment Activity

Albany International Corp. (NYSE:AIN), a manufacturer of machine clothing and composite aerospace components headquartered in Portsmouth, New Hampshire, reported total net revenues of $349,539 thousand for the three months ended September 30, 2026, according to the filing. This compares to net revenues of $261,434 thousand for the same quarter in 2025. For the nine months ended September 30, 2026, net revenues reached $990,354 thousand, up from $861,607 thousand in the comparable prior-year period.

The company reported operating income of $59,398 thousand for the three months ended September 30, 2026, a swing from an operating loss of $116,507 thousand in the prior-year quarter, as disclosed in the consolidated statements of income. The nine-month operating income was $116,909 thousand, compared to an operating loss of $65,974 thousand for the nine months ended September 30, 2025. The filing noted that the contract loss provision recovery was $52,514 thousand for the nine months ended September 30, 2026, compared to a provision charge of $139,665 thousand in the prior-year period.

On the balance sheet as of September 30, 2026, total assets were $1,685,617 thousand, with long-term debt of $422,087 thousand and total shareholders' equity of $781,665 thousand, according to the filing. Cash and cash equivalents stood at $79,125 thousand, down from $112,350 thousand at December 31, 2025. The filing also noted that assets held for sale, which were $293,783 thousand at December 31, 2025, were zero at September 30, 2026, reflecting a change in the company's asset composition during the nine-month period.

What Was Disclosed

Albany International Corp. filed its quarterly report for the period ended September 30, 2026, disclosing income statement, balance sheet, and cash flow data, including a return to net income for both the three- and nine-month periods compared to losses in the same periods of 2025.