Albany International reported third quarter 2026 results that significantly exceeded analyst expectations, driven by a massive recovery in its aerospace segment. Performance was bolstered by the conclusion of a strategic review and the renegotiation of the CH-53K contract, which reversed previous loss provisions and established a more profitable trajectory for the Engineered Composites division.
Key Highlights
- Engineered Composites revenue surged 107% year-over-year to $179.7 million, powered by defense contract modifications and commercial LEAP program volume.
- The CH-53K program renegotiation contributed a $44.4 million benefit to Adjusted EBITDA and an $11.6 million positive revenue adjustment in the quarter.
- Machine Clothing revenue declined 3% on a currency-neutral basis to $169.8 million, reflecting cyclical softness in the Americas despite steady demand in Asia.