Albany Intl. Crushes Q1, Defense & Aerospace Boost Growth

Albany Internationals Q1 2026 results surpassed Wall Street expectations with a 7.8% year-over-year revenue increase to $311.3 million, beating estimates by 10.8%. Adjusted earnings per share hit $0.60, 13.9% above predictions, and EBITDA reached $48.16 million, also exceeding forecasts. The growth was driven by the Engineered Composites segment, fueled by demand in defense and aerospace. Machine Clothing stabilized after equipment issues. However, margins dropped due to a heavier mix of lower-margin composites and softer volumes in Asia. A new contract with Pratt & Whitney for composite parts on the Geared Turbofan engine is a positive sign. Supply chain looks solid despite global tensions. Expect growth in composites from defense and commercial programs, and Machine Clothing gains if disruptions stay low. Albany International is cautious on China overcapacity but bets on efficiency to steady margins and drive cash flow. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/72bee2efddeeeb88