Albany International Q2 revenue misses on Machine Clothing weakness

Albany International

04/08/2026 12:52

Overview
Engineered components maker's Q2 net revenue rose 6% but missed analyst expectations
Adjusted EPS for Q2 rose 45% to $0.82
Growth driven by Engineered Composites, offset by Machine Clothing softness and equipment downtime

Outlook
Company sees Q3 consolidated net revenue between $320 mln and $330 mln
Machine Clothing Q3 net revenue expected between $165 mln and $170 mln
Company expects Q3 adjusted EPS between $0.60 and $0.70

Result Drivers
ENGINEERED COMPOSITES GROWTH - Co said higher volume in Engineered Composites, especially from commercial and defense aerospace programs, drove revenue increase
MACHINE CLOTHING SOFTNESS - Co said Machine Clothing revenues fell due to cyclical declines in the Americas and equipment downtime
COST CONTAINMENT - Co attributed improved gross profit and lower SG&A expenses to cost controls and efficiency gains

Company press release: ID:nBws56msa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$329.48 mln
$340.10 mln (3 Analysts)
Q2 Gross Profit
 
$107.90 mln
 
Q2 Operating Income
 
$32.14 mln
 
Q2 Pretax Profit
 
$26.03 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Albany International Corp is $61.00, about 18.8% below its August 3 closing price of $75.12
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)