Albany International Corp. Class A (AIN)

Albany International's stock has been impacted by several events in the past six months. The Q2 2025 earnings missed expectations, leading to a stock price decline. A quarterly dividend of $0.27 per share was declared. The company secured multiyear contracts from Lockheed Martin. The corporate headquarters relocated to Portsmouth, New Hampshire. A strategic review of the structures assembly business was announced, along with a significant loss reserve adjustment. Short interest in the company decreased, indicating improved investor sentiment.

The demand for machine clothing is tied to the manufacturing of paper, paperboard, tissues, towels, pulps, nonwovens, and other industrial applications. Demand for engineered composites is linked to the aerospace industry, supporting both commercial and military platforms. Increased air travel has created demand, particularly for engines like the LEAP engine. Strong demand is expected from a key customer in the advanced air mobility market through 2025.

Albany International Corp. is an industrial goods company specializing in advanced materials processing and automation. It operates in Textile Manufacturing, Industrial Goods, and Engineering/Manufacturing, and is part of the S&P 600 and Russell 2000 indices. The company has two divisions: Machine Clothing (MC), a leading producer of custom-designed belts and fabrics, and Albany Engineered Composites (AEC), which designs and manufactures advanced materials-based engineered components for aerospace applications.

Albany International Corp. has a global presence with 30 facilities in 13 countries, serving customers in over 90 countries. It operates in the United States, Switzerland, France, Brazil, China, Mexico, and Germany, among others. The corporate headquarters recently relocated to Portsmouth, New Hampshire.

Albany International's brand reputation has been influenced by operational performance and strategic initiatives. Operational challenges and margin pressures, particularly in the Engineered Composites segment, have had an impact. Issues with the CH-53K program and the strategic review of the structures assembly business have also played a role. Positive developments include the extension of JASSM and LRASM programs with Lockheed Martin and the relocation of the corporate headquarters.

As of October 23, 2025, hedge funds and other institutional investors own 86.27% of Albany International Corp.'s stock.