What Happened? Shares of industrial equipment and engineered products manufacturer Albany (NYSE:AIN) fell 9.1% in the afternoon session after the company reported disappointing third-quarter financial results, announced a significant loss reserve, and withdrew its full-year 2025 guidance. Revenue for the quarter came in at $261.4 million, a 12.4% decline from the previous year and well below estimates of $297.9 million. The company reported a GAAP net loss of approximately $97.8 million, a sharp reversal ...

Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains. This unpredictability can shake out even the most experienced investors. At StockStory, our job is to help you avoid costly mistakes and stay on the right side of the trade. That said, here is one volatile stock that could deliver huge gains and two best left to the gamblers. Two Stocks to Sell: Albany (AIN) Rolling One-Year Beta: 1.45 Founded in 1895, Albany (NYSE:AIN ...

Core Viewpoint - Albany International (AIN) reported a significant decline in revenue and earnings for the quarter ended September 2025, indicating potential challenges in its financial performance [1]. Financial Performance - Revenue for the quarter was $261.43 million, down 12.4% year-over-year, and below the Zacks Consensus Estimate of $297.89 million, resulting in a surprise of -12.24% [1]. - Earnings per share (EPS) for the quarter was $0.71, compared to $0.80 a year ago, reflecting a decrease in profitability [1]. - The company delivered an EPS surprise of +1.43%, with the consensus EPS estimate being $0.70 [1]. Segment Performance - Revenue from Albany Engineered Composites was $86.48 million, significantly below the two-analyst average estimate of $122.85 million, marking a year-over-year decline of 25% [4]. - Revenue from Machine Clothing was $174.95 million, slightly below the two-analyst average estimate of $175.04 million, with a year-over-year change of -4.4% [4]. - Operating income for Machine Clothing was reported at $43.1 million, compared to the estimated $48.88 million by two analysts [4]. Stock Performance - Albany International's shares have returned -3.5% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change, indicating underperformance relative to the broader market [3]. - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential further underperformance in the near term [3].

Financial Performance - Consolidated net revenues for Q3 2025 were $261.4 million, a decrease of 12.4% compared to $298.4 million in Q3 2024[114] - Gross profit for Q3 2025 was a loss of $49.9 million, down 155.3% from a profit of $90.4 million in Q3 2024, resulting in a gross profit margin of -19.1%[114] - Operating income for Q3 2025 was a loss of $116.5 million, a decline of 562.9% compared to an income of $25.2 million in Q3 2024[114] - Net income for Q3 2025 was a loss of $97.6 million, a decrease of 635.9% from a profit of $18.2 million in Q3 2024[114] - For the nine months ended September 30, 2025, net revenues decreased by 8.7% to $861.6 million from $943.7 million in the prior year, attributed to reduced demand in Asia and unplanned equipment downtime[116] - Gross profit for the three months ended September 30, 2025, decreased by $140.3 million, resulting in a gross profit margin of -19.1% compared to 30.3% in the same period last year[131] Segment Performance - The Albany Engineered Composites segment recognized a $147.3 million change in estimated profitability for the CH-53K contracts, including a loss reserve adjustment of $98.0 million due to increased labor and material costs[111] - The Machine Clothing segment expects continued revenue decline for publication grade paper, but growth in demand for packaging in Europe[108] - The Albany Engineered Composites (AEC) segment reported a gross profit decrease of $133.5 million for the three months ended September 30, 2025, primarily due to increased cost assumptions related to the CH-53K program[138] - AEC segment net revenues decreased by $50.8 million or 13.3% for the nine months ended September 30, 2025, primarily due to $54.3 million of revenue adjustments to the CH-53K program[139] - For the three months ended September 30, 2025, segment operating income for Machine Clothing decreased by $4.5 million or 9.5% compared to the same period in 2024[144] - For the nine months ended September 30, 2025, segment operating income for Machine Clothing decreased by $22.5 million, impacted by lower gross profit and inflationary pressures[145] - For the three months ended September 30, 2025, Albany Engineered Composites segment operating income decreased by $133.7 million due to contract loss reserve charges associated with the CH-53K program[147] - For the nine months ended September 30, 2025, Albany Engineered Composites segment operating income/(loss) decreased by $145.4 million, primarily due to reduced segment gross profit[148] Expenses and Costs - Total operating expenses for Q3 2025 were $66.6 million, representing 25.5% of net revenues, an increase of 361 basis points from 21.9% in Q3 2024[114] - Interest expense for Q3 2025 increased by 144.6% to $5.9 million compared to $2.4 million in Q3 2024[114] - SG&A expenses for the nine months ended September 30, 2025, increased by $1.8 million or 1.1% to $164.8 million, mainly due to higher global information services costs[120] - Restructuring expenses for the nine months ended September 30, 2025, increased by $3.3 million to $9.9 million, driven by workforce reductions and reorganizational costs[123] - Technical and research expenses increased by $0.6 million for both the three and nine months ended September 30, 2025, due to new business ventures initiatives[121] Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2025 was $78.8 million, down from $140.0 million in the same period of 2024[150] - Net cash used in investing activities for the nine months ended September 30, 2025 was $45.6 million, compared to $61.1 million in 2024, focusing on aerospace program support and operational efficiencies[151] - As of September 30, 2025, the company had cash and cash equivalents of $108.3 million and total liquidity of approximately $427.7 million[154] - During the nine months ended September 30, 2025, the company paid $24.7 million in dividends and repurchased shares for a total cost of $171.0 million[157] - The company had $480.6 million of borrowings outstanding under its $800 million unsecured committed Amended Credit Agreement as of September 30, 2025[153] Strategic Considerations - The company is exploring strategic alternatives for its structures assembly business, including potential sale or contract modifications[112] - The AEC segment may continue to face challenges with raw material and supplier costs impacting program gross margins in upcoming quarters[113] Taxation - The effective income tax rate for the three months ended September 30, 2025, was 20.0%, significantly higher than 6.6% for the same period in 2024, influenced by jurisdictional earnings mix[126] Foreign Exchange Risk - A hypothetical 10% adverse change in foreign currency exchange rates could result in a potential loss in fair value of approximately $59.9 million[161]

Albany International (NYSE:AIN) Q3 2025 Earnings Call November 06, 2025 09:00 AM ET Speaker0Thank you for standing by. My name is Rochelle, and I'll be your operator today. At this time, I would like to welcome everyone to the Q3 2025 Albany International Corp. Earnings Conference call. All lines have been placed on mute to prevent any background noise. After the speaker remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press * followed by the ...

Albany International (AIN) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.8 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.43%. A quarter ago, it was expected that this textile and composite maker would post earnings of $0.73 per share when it actually produced earnings of $0.57, delivering a surprise of -21.92%.Over the last four ...

Strategic Review - Albany International Corp. announced a strategic review of its structures assembly business[5] Financial Adjustments - The company will recognize an approximately $147 million loss reserve adjustment in Q3 2025 related to the CH-53K contract[5]

Core Insights - SK hynix presented its next-generation NAND storage product strategy at the 2025 OCP Global Summit, focusing on the increasing demand for NAND storage products driven by the rapid growth of the AI inference market [1][2]. Product Strategy - The company introduced the 'AIN (AI-NAND) Family' lineup, which includes three optimized solutions: AIN P (Performance), AIN D (Density), and AIN B (Bandwidth) [2][8]. - AIN P is designed to efficiently process large volumes of data generated by AI workloads, enhancing processing speed and energy efficiency by minimizing bottlenecks between storage and AI operations [3]. - AIN D targets high-density storage with low power consumption, aiming to increase storage density to petabyte (PB) levels from the current terabyte (TB) levels of QLC-based SSDs [4]. - AIN B leverages HBF technology to expand bandwidth by vertically stacking multiple NANDs, addressing the memory capacity gap driven by AI inference and large language models (LLMs) [5][6]. Collaboration and Ecosystem Development - SK hynix hosted 'HBF Night' in collaboration with Sandisk to expand the HBF product ecosystem, emphasizing the importance of partnerships in advancing NAND storage technology [7][8]. - The company aims to collaborate closely with customers and partners to establish itself as a key player in the next-generation NAND storage market [9].

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany International Corp., a global leader in advanced materials science that uses innovative processing and automation capabilities to design, produce, and deliver products and services for the paper and aerospace industries, is excited to announce the relocation of its corporate headquarters from Rochester, New Hampshire to Portsmouth, New Hampshire. The relocation marks a significant milestone for Albany International. "This move represents a transformativ. ...

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