Albany International Q3 revenue jumps 34% on engineered composites growth, CH-53K contract adjustments

Albany International

28/10/2026 21:27

Overview
U.S. engineered components maker's Q3 revenue rose 34% yr/yr
Adjusted EPS swung to profit from loss last yr, reflecting improved profitability
Revenue growth driven by Engineered Composites and CH-53K contract adjustments

Outlook
Company sees Q4 net revenue between $325 mln and $335 mln
Machine Clothing Q4 net revenue expected between $170 mln and $175 mln
Engineered Composites Q4 net revenue expected between $155 mln and $160 mln
Company expects Q4 adjusted EPS between $0.65 and $0.75

Result Drivers
ENGINEERED COMPOSITES GROWTH - Co said higher volume in Engineered Composites, with strength across commercial and defense programs, drove revenue increase
CH-53K CONTRACT ADJUSTMENTS - Favorable contract modifications and reversal of loss provisions on CH-53K program contributed to improved profitability
MACHINE CLOTHING CYCLICAL DECLINES - Co said Machine Clothing revenues fell 3% after adjusting for currency, mainly due to cyclical declines in the Americas

Company press release: ID:nBwbWFT1Ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$349.53 mln
Q3 Net Income
 
$41.89 mln
 
Q3 Gross Profit
 
$140.38 mln
 
Q3 Operating Income
 
$59.40 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 no "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 $67.00, about 7.3% above its October 28 closing price of $62.47
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
Oct 27 - Engineered components maker Crane's Q3 sales beat, partly on acquisitions
Oct 28 - Littelfuse Q3 sales rise 23% on electronics segment strength
Oct 27 - Boeing Q3 revenue beats estimates on defense volumes

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(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.)