Albany International CORP /DE/ 8-K filings

Albany International announced robust second-quarter 2026 financial results, showcasing significant increases in net income and Adjusted EBITDA, driven by strong performance in its Engineered Composites segment.

Albany International Corp. reports on the outcomes of its Annual Meeting of Stockholders held on May 15, 2026, detailing votes on director elections, auditor ratification, and executive compensation.

Albany International reported Q1 2026 results with net revenue up 7.8% year-over-year, driven by Engineered Composites, though net income and Adjusted EBITDA decreased.

Albany International reports Q4 2025 net revenue of $321.2 million and adjusted EPS of $0.65, alongside a full-year GAAP loss and a strategic review.

Albany International Corp. is exploring strategic alternatives, including a potential sale, for its structures assembly business at the Amelia Earhart Drive Facility, with interest primarily from private equity.

Albany International reported a significant net loss in Q3 2025 due to substantial charges related to the CH-53K program, while initiating a strategic review of its structures assembly business.

Albany International is exploring strategic alternatives for its structures assembly business and will recognize an approximately $147 million loss reserve adjustment related to its CH-53K contract.

Albany International Corp. reported second-quarter 2025 financial results that lagged expectations due to timing and operational issues, though the company reaffirmed its full-year 2025 guidance.

Albany International Corp. has announced the appointment of Willard Station as its new Executive Vice President and Chief Financial Officer, effective September 1, 2025.

Albany International Corp. presented a robust outlook at the Wells Fargo 2025 Industrials & Materials Conference, showcasing strong financial performance, market leadership in Machine Clothing, and significant growth opportunities in Engineered Composites.

Albany International Corp. has appointed Sean Valashinas as its new Vice President, Controller, and Principal Accounting Officer, effective June 9, 2025.

Albany International's CFO, Robert Starr, has resigned effective May 23, 2025, and Jairaj (JC) Chetnani has been appointed as interim CFO while the company conducts a formal search for a permanent replacement.

Albany International Corp. held its annual meeting of stockholders on May 16, 2025, and all agenda items, including the election of directors, ratification of the auditor, approval of executive compensation, and approval of the Employee Stock Purchase Plan, were approved.

Albany International's first-quarter 2025 results show a decrease in net revenues and operating income compared to the prior year, but the company reaffirms its full-year 2025 guidance.

Albany International Corp.'s subsidiary, Albany Engineered Composites, Inc., has been awarded a seven-year contract to produce composite structure components for the Bell 525 helicopter.

John J. Tedone, Vice President, Controller, and Chief Accounting Officer of Albany International Corp., has resigned, effective March 20, 2025, to pursue another professional opportunity.

Albany International Corp. approved the grant of Performance Stock Unit Awards and Restricted Stock Unit Awards to certain executives under the 2023 Incentive Plan.

Albany International reported a decrease in net revenues and operating income for the fourth quarter of 2024, while also announcing a new $250 million share repurchase program.

Albany International plans to consolidate its Italian manufacturing operations by closing its engineered fabrics facility in Ballo and transferring production to Merone.

Albany International Corp. is proposing to consolidate its paper machine clothing manufacturing operations in Switzerland, potentially closing its Olten facility.

Albany International's third-quarter results show revenue growth driven by the Heimbach acquisition, but profitability was impacted by adjustments in the Engineered Composites segment.

Albany International has updated its full-year outlook, primarily due to revised revenue and profitability expectations within its aerospace business segment.

Albany International Corp. has updated its bylaws to clarify procedures for stockholder meetings, director nominations, and board operations, effective September 20, 2024.

Albany International Corp. has appointed Merle Stein as President of its Machine Clothing segment, effective September 1, 2024, succeeding Daniel Halftermeyer.

Albany International Corp. has announced the departure of Gregory Harwell, former President of its Albany Engineered Composites business, and the appointment of Christopher E. Stone as his successor.

Albany International's second quarter 2024 results show a significant revenue increase of 21.1% year-over-year, primarily due to the Heimbach acquisition and growth in Engineered Composites.

Albany International Corp. has appointed Christopher Stone as President of its Albany Engineered Composites business segment, effective August 12, 2024.

Albany International Corp. has amended its credit agreement to replace the CDO Rate with Adjusted Term CORRA for Canadian Dollar borrowings.

Albany International Corp. held its annual meeting on May 10, 2024, where stockholders voted on the election of directors, ratification of the auditor, and executive compensation.

Albany International reported a 16.4% increase in revenue for the first quarter of 2024, driven by the inclusion of Heimbach and growth in Engineered Composites, while reaffirming its full-year guidance.