AIN News & Events

Reports Q1 revenue $311.333M vs $288.774M last year. Gunnar Kleveland, Albany International's President and Chief Executive Officer said, "Over the past year, we have taken steps to de-risk the business by addressing underperforming areas and sharpening our focus on profitable growth. This has driven a strong start to 2026, with results at the top end of our expectations."

Sees Q3 revenue $335M-$345M

Albany Engineered Composites, a segment of Albany International Corp. (AIN), has received a long-term contract from Pratt & Whitney, an RTX (RTX) business, to produce composite structural engine components for the commercial aviation Pratt & Whitney GTF engine. "We are honored to be selected by Pratt & Whitney for this critical composite engine content. This award reflects AEC's ability to deliver high-volume, high-precision composite structures with consistency and excellence," said Chris Stone, president of AEC. "It marks a major milestone in our relationship and underscores the strength of our operational performance, our technology and our people."

Sees Q1 revenue $275M-$285M, consensus $261.32M. Sees Q1 effective tax rate 27%. Kleveland continued, "Our strong balance sheet continues to support Albany's culture of innovation, as we develop advanced materials with broad and expanding applications in both Machine Clothing and Engineered Composites. In Machine Clothing, where our service model, quality, and product performance differentiate us in the market, we are applying our technologies to explore new markets and applications. In Engineered Composites we have several key opportunities in negotiations that will leverage our 3D woven, braiding, and out-of-autoclave technologies across a number of strategic Commercial Aerospace, Defense, and Advanced Air Mobility (AAM) platforms. With 2026 now underway, we remain confident that our culture of innovation will drive new customer solutions and chart a strong path for future growth."