Albany International Q1 revenue rises 7.8%, adjusted EPS falls

Albany International

30/04/2026 12:18

Overview

Engineered components maker's Q1 revenue rose 7.8% yr/yr, led by Engineered Composites growth

Adjusted EPS for Q1 fell to $0.60 from $0.73 a year ago

Machine Clothing revenue declined due to Asia market weakness; Engineered Composites posted broad-based volume gains

Outlook

Albany International sees Q2 2026 consolidated revenue between $335 mln and $345 mln

Company expects Q2 2026 adjusted EPS between $0.70 and $0.80

Company says visibility remains limited in Machine Clothing in China

Result Drivers

ENGINEERED COMPOSITES GROWTH - Higher volumes in Engineered Composites, especially from commercial and defense programs, drove overall revenue gains

ASIA MARKET WEAKNESS - Machine Clothing revenue declined due to overcapacity and weak demand in Asia, partly offset by strength in the tissue market

MARGIN PRESSURE - Adjusted EBITDA margin fell due to a higher share of revenue from lower-margin defense programs and increased SG&A expenses

Company press release: ID:nBw36wYrva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$311.33 mln
$281 mln (2 Analysts)
Q1 Adjusted EPS
Beat
$0.60
$0.52 (2 Analysts)
Q1 Net Income
$15.45 mln
Q1 Gross Profit
$99.79 mln
Q1 Operating Income
$25.37 mln
Q1 Pretax Profit
$23.10 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 $55.00, about 5.2% below its April 29 closing price of $58.02

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 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.)