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Albany International Inc. AIN Machine Clothing — Restructuring charges accrued

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Other financials

Income statement

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Revenue$311.3M+7.8%
Gross profit$99.8M+3.4%
Operating income$25.4M-10.2%
Net income$15.3M-12.0%
EPS (diluted)$0.54-3.6%

Balance sheet

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Cash & equivalents$122.6M+2.7%
Total debt$476.5M+14.4%
Total equity$729.4M-19.0%
Total assets$1.7B+2.9%

Cash flow

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Operating cash flow$5.6M+166%
CapEx$9.3M-40.4%
Free cash flow-$3.6M+72.9%

Valuation

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Market cap$1.73B-3.6%
Enterprise value$2.08B-2.3%
P/S1.4×-0.1×

Profitability

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Gross margin20.5%-11.8pp
Operating margin-3.6%-15.4pp
Net margin-4.7%-12.6pp
FCF margin7.7%-4.1pp

Returns & leverage

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Return on equity-6.2%-16.7pp
Debt / equity0.7×+0.2×
Current ratio2.2×-1.5×

Where this comes from

Reported directly by Albany International Inc. in its filing.

Tagged under the XBRL concept ain:RestructuringChargesIncludingCostOfGoodsSold.

The source filing: Albany International Inc.’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 1:36 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028744
Three months ended March 31, 2026Totalrestructuringcosts incurredTerminationand othercostsAsset Transfer Costs
(in thousands)
Machine Clothing$2,676$1,998$678
Albany Engineered Composites
Corporate489489
Total$3,165$2,487$678

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Albany International Inc.'s machine clothing — restructuring charges accrued?
Albany International Inc. (AIN) reported machine clothing — restructuring charges accrued of $2.68M in Q1 2026.
How has Albany International Inc.'s machine clothing — restructuring charges accrued changed year-over-year?
Albany International Inc.'s machine clothing — restructuring charges accrued increased by 1.4% year-over-year, from $2.64M to $2.68M.
What is the long-term trend for Albany International Inc.'s machine clothing — restructuring charges accrued?
Over 2 years (2023 to 2025), Albany International Inc.'s machine clothing — restructuring charges accrued has grown at a 449.4% compound annual growth rate (CAGR), from $282K to $8.51M.
What does machine clothing — restructuring charges accrued mean?
Reflects the costs associated with reorganizing or streamlining operations within the machine clothing business unit, such as severance or facility consolidation. Monitoring these charges helps investors assess the impact of strategic shifts on short-term profitability and long-term operational efficiency.

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