ALBANY INTERNATIONAL CORPAINEarnings & Financial Report
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
Revenue
$313.3M
Gross Profit
$108.7M
Operating Profit
$39.0M
Net Profit
$27.3M
Gross Margin
34.7%
Operating Margin
12.4%
Net Margin
8.7%
YoY Growth
16.4%
EPS
$0.87
ALBANY INTERNATIONAL CORP Q1 FY2024 Financial Summary
ALBANY INTERNATIONAL CORP reported revenue of $313.3M (up 16.4% YoY) for Q1 FY2024, with a net profit of $27.3M (up 1.5% YoY) (8.7% margin). Cost of goods sold was $204.6M, operating expenses totaled $69.7M.
Key Financial Metrics
| Total Revenue | $313.3M |
|---|---|
| Net Profit | $27.3M |
| Gross Margin | 34.7% |
| Operating Margin | 12.4% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
ALBANY INTERNATIONAL CORP Q1 FY2024 revenue of $313.3M breaks down across 3 segments, led by Machine Clothing at $185.2M (59.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Machine Clothing | $185.2M | 59.1% |
| Engineered Composites Other | $78.4M | 25.0% |
| Engineered Composites ASC | $49.7M | 15.9% |
ALBANY INTERNATIONAL CORP Revenue by Segment — Quarterly Trend
ALBANY INTERNATIONAL CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Machine Clothing and Engineered Composites Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Engineered Composites Other | $99.3M | $41.6M | $85.6M | $75.2M |
| Engineered Composites ASC | $44.5M | — | $44.8M | $38.9M |
ALBANY INTERNATIONAL CORP Annual Revenue by Year
ALBANY INTERNATIONAL CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.2B |
| 2023 | $1.1B |
| 2022 | $1.0B |
ALBANY INTERNATIONAL CORP Quarterly Revenue & Net Profit History
ALBANY INTERNATIONAL CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $321.2M | +12.0% | $13.9M | 4.3% |
| Q3 FY2025 | $261.4M | -12.4% | $-97.8M | -37.4% |
| Q2 FY2025 | $311.4M | -6.2% | $9.2M | 2.9% |
| Q1 FY2025 | $288.8M | -7.8% | $17.4M | 6.0% |
| Q4 FY2024 | $286.9M | -11.3% | $17.7M | 6.2% |
| Q3 FY2024 | $298.4M | +6.1% | $18.0M | 6.0% |
| Q2 FY2024 | $332.0M | +21.1% | $24.6M | 7.4% |
| Q1 FY2024 | $313.3M | +16.4% | $27.3M | 8.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $313.3M | $332.0M | $298.4M | $286.9M | $288.8M | $311.4M | $261.4M | $321.2M |
| YoY Growth | 16.4% | 21.1% | 6.1% | -11.3% | -7.8% | -6.2% | -12.4% | 12.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.80B | $1.75B | $1.75B | $1.65B | $1.69B | $1.72B | $1.70B | $1.72B |
| Liabilities | $824.6M | $778.5M | $756.5M | $699.7M | $782.9M | $829.3M | $956.6M | $986.6M |
| Equity | $967.5M | $967.5M | $991.0M | $943.5M | $900.0M | $888.6M | $739.3M | $726.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $9.6M | $83.4M | $47.0M | $78.5M | $2.1M | $32.7M | $43.9M | $73.7M |