Albany International Reports Q3 2026 Results, Issues Q4 Guidance
Net income was $41.7 million, or $1.46 per share, versus a year-earlier net loss of $97.8 million. Revenue rose 33.7% to $349.5 million; adjusted EPS was $1.68.
Albany International Corp. announced its third-quarter 2026 financial results, reporting net income of $41.7 million, or $1.46 per share, compared to a net loss of $97.8 million in the same period last year. Net revenue rose 33.7% to $349.5 million, supported by higher volume in the Engineered Composites business and favorable adjustments from the renegotiation of the CH-53K helicopter program contract. The company also benefited from the conclusion of a strategic review regarding its Amelia Earhart Drive facility.
Adjusted earnings per share reached $1.68, and the company provided fourth-quarter guidance expecting consolidated revenue between $325 million and $335 million with adjusted earnings per share of $0.65 to $0.75.