Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Albany International Corporation for possible violations of federal securities laws and unlawful business practices following disappointing financial results [2][3]. Financial Performance - Albany reported non-GAAP earnings per share of $0.57 for Q2 2025, missing consensus estimates by $0.16 [3]. - The company's stock price fell by $16.77 per share, or 23.63%, closing at $54.19 on July 31, 2025, after the earnings announcement [3]. Legal Investigation - The law firm is encouraging investors who suffered losses in Albany to contact them to discuss their legal rights and options [1][4]. - The investigation aims to determine if Albany has engaged in unlawful business practices that may have affected shareholders [2]. Contact Information - Investors can reach out to Bragar Eagel & Squire, P.C. via phone at (212) 355-4648 or email at investigations@bespc.com for inquiries regarding their rights or the ongoing investigation [4][7].

Group 1 - Gabelli Funds, LLC is hosting the annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, focusing on strong demand outlook and high barriers to entry in the industry [1] - The symposium will feature top executives from over ten companies, discussing themes such as large aftermarket opportunities, growth exceeding GDP, defense spending, and M&A potential [1] - Attendees will have the opportunity for one-on-one meetings with management, enhancing networking and investment insights [1] Group 2 - Featured companies at the symposium include AIRO Group Holdings, Elbit Systems, Albany International, Graham Corporation, and several others, indicating a diverse representation within the Aerospace and Defense sector [2] - The event is set to start at 8:30 am, providing a structured schedule for discussions and networking [3]

Core Viewpoint - Albany International Corp. is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q2 2025, which led to a significant drop in stock price [1][3]. Financial Performance - Albany reported non-GAAP earnings per share of $0.57 for Q2 2025, missing consensus estimates by $0.16 [3]. - The company's stock price fell by $16.77, or 23.63%, closing at $54.19 per share on July 31, 2025, following the earnings announcement [3]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of Albany investors regarding possible securities fraud or other unlawful business practices by the company and its officers/directors [1].

Core Insights - Albany International Corp. is under investigation for possible securities fraud following a significant earnings miss in Q2 2025, which has led to a substantial decline in its stock price [1][3]. Financial Performance - Albany reported non-GAAP earnings per share of $0.57 for Q2 2025, which was $0.16 below consensus estimates [3]. - The company's stock price fell by $16.77, or approximately 23.63%, closing at $54.19 per share on July 31, 2025, after the earnings announcement [3]. Legal Actions - The Portnoy Law Firm has initiated an investigation and may file a class action on behalf of Albany investors who incurred losses [1]. - Investors are encouraged to contact the law firm for a complimentary case evaluation regarding their legal rights and options for recovering losses [2][4].

Core Insights - Albany International is currently in phase 16 of its Adhishthana cycle, indicating a critical period with weak Guna Triads and a significant decline, suggesting sustained caution ahead [1][5]. Guna Triads Analysis - The Guna Triads, consisting of phases 14, 15, and 16, are essential for determining the potential for a Nirvana move in phase 18. The absence of Satoguna in these phases indicates a lack of bullish structure [4][5]. - Albany International has experienced a 30% decline in phase 16, which, if it continues, will confirm the absence of Satoguna and negate the possibility of a Nirvana move in phase 18, expected to begin in June 2026 [5]. Himalayan Formation Insights - The stock mirrors a textbook Himalayan formation, having broken out of a long Cakra formation in phase 9, which initiated a rally of approximately 111% [9][10]. - Following the peak around $115 in phase 11, the stock has entered a descent phase, currently trading around $55, representing a loss of over 50% from its peak [10]. Investor Outlook - The combination of weak Guna Triads and ongoing descent suggests a bearish structure for Albany International through at least 2027. Recent disappointing earnings have further contributed to the negative momentum [11].

ATLANTA, July 31, 2025 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Albany International Corp. (“Albany International” or the “Company”) (NYSE: AIN) complied with federal securities laws. On July 31, 2025, Albany International reported operating results for its second quarter 2025, noting its “performance was largely impacted by certain timing and operational issues[.]” Following this news, the price of the Company’s stock dropped.  If you purchased Albany International stock and suffer ...

Financial Data and Key Metrics Changes - Consolidated net sales were $311 million, down 6.2% from $332 million in the same quarter last year [19] - Adjusted EBITDA margin decreased to 16.7% from 19% in the prior year [9] - GAAP net income attributable to the company for the quarter was $9.2 million compared to $24.6 million last year [22] - Adjusted diluted EPS was $0.57 versus $0.89 in the same period last year [23] Business Line Data and Key Metrics Changes - Machine Clothing reported revenues of $181 million, a decrease of 6.5% year-over-year [20] - Engineered Composites segment revenues were $130 million, reflecting a sequential growth of 14% from the first quarter [13] - Machine Clothing gross profit decreased to $84 million from $89 million in the prior year, while gross margin improved by 40 basis points to 46.3% [20] - AEC gross profit decreased to $14 million from $24 million, primarily due to cumulative EAC adjustments [21] Market Data and Key Metrics Changes - North America experienced a slight decline in deliveries due to packaging machine production curtailments [11] - Europe showed solid signs of recovery with good deliveries and orders, offsetting weakening conditions in Asia, particularly in China [11] - The global MC order backlog remains healthy, indicating confidence for a stronger second half of the year [11] Company Strategy and Development Direction - The company is focused on optimizing its global production footprint and has commenced two additional facility closures [7] - Investments in operational excellence are aimed at transforming execution of current programs and driving process improvements [8] - Advanced air mobility is identified as a significant source of growth, with new long-term agreements and investments in capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in recovery despite second quarter results lagging expectations due to timing and operational issues [5] - The company expects global growth to continue as tariff environments become more predictable [6] - Full year guidance is reaffirmed, projecting stronger performance in the second half driven by ramping programs and operational efficiencies [25] Other Important Information - The company successfully completed its S4HANA upgrade, enhancing systems and operational efficiencies [17] - Will Station has been appointed as the new CFO, bringing extensive experience from McKesson and Boeing [18] Q&A Session Summary Question: Can you talk about overall build rates in aerospace? - Management noted that ramp-up is occurring as Boeing is destocking and material is being brought in, indicating momentum towards prior production levels [28] Question: What factors could affect revenue range in the second half? - Key factors include Machine Clothing synergies and increased commercial programs at AEC, which are expected to drive growth and profitability [29] Question: Can you provide updates on the CH-53K program? - The ramp-up is being approached carefully, with significant investments in team training and production capabilities [33] Question: Can you elaborate on AEC margins and investments in labor? - AEC is performing well, but challenges remain with the CH-53K program, requiring more resources and time for ramp-up [37] Question: What gives confidence to maintain guidance despite challenges? - Confidence stems from improved performance indicators, including reduced quality issues and better operational efficiency [45] Question: What new programs are ramping up in the second half? - Existing and new programs, including the Bell 525 and JASSM, are expected to contribute to growth in the second half [48] Question: Can you provide details on the 3D woven composite parts? - The company is focused on replacing titanium with 3D woven technology, with certification expected in the next 18 months [55]

Financial Data and Key Metrics Changes - Consolidated net sales were $311 million, down 6.2% from $332 million in the same quarter last year [18] - Consolidated gross profit was $98 million, or 31.3% of sales, down from $112 million, or 33.9% of sales, in the prior year [19] - GAAP net income attributable to the company for the quarter was $9.2 million compared to $24.6 million last year, with GAAP diluted EPS at $0.31 versus $0.39 in the same period last year [21] - Adjusted diluted EPS was $0.57 versus $0.89 in the same period last year [22] - Consolidated adjusted EBITDA was $52 million for the quarter versus $63 million in the prior year period [22] Business Line Data and Key Metrics Changes - Machine Clothing reported revenues of $181 million, a decrease of 6.5% versus the second quarter of last year [18] - Engineered Composites segment revenues for the quarter were $130 million, reflecting a sequential growth of 14% from the first quarter [12] - Machine Clothing gross profit decreased to $84 million from $89 million in the prior year, while gross margin improved by 40 basis points to 46.3% [19] - AEC gross profit was $14 million, down from $24 million, largely due to cumulative EAC adjustments [20] Market Data and Key Metrics Changes - North America experienced a slight decline in deliveries in the second quarter, mainly due to packaging machine production curtailments [10] - Europe showed solid signs of recovery with good deliveries and orders, offsetting weakening conditions in Asia, particularly in China where softer demand was noted [10] Company Strategy and Development Direction - The company is focused on optimizing its global production footprint and has commenced two additional facility closures [7] - Investments in operational excellence are aimed at transforming execution of current programs and driving process improvements [7] - The emerging advanced air mobility market is seen as a significant source of growth, with continued investment in capabilities [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in recovery despite second quarter results lagging expectations due to timing and operational issues [5] - The company expects global growth to continue as tariff environments become more predictable, with increased activity in the defense sector anticipated [6] - Full year guidance was reaffirmed, projecting stronger performance in the second half driven by ramping programs and operational efficiencies [23][24] Other Important Information - The company successfully completed its S4HANA upgrade across the entire organization, improving systems and operational efficiencies [15] - Will Station has been appointed as the new CFO, bringing extensive experience from McKesson and Boeing [16][17] Q&A Session Summary Question: Can you talk about overall build rates in aerospace? - Management noted that ramp-up is occurring as Boeing destocks and builds inventory, with momentum towards prior production levels [27] Question: What factors could affect revenue range in the second half? - Key factors include Machine Clothing synergies and increased commercial programs at AEC, with expectations for improved performance in the second half [28] Question: Can you provide updates on the CH-53K program? - The ramp-up is being managed carefully, with significant investments in training and resources, aiming for a two-per-month rate by year-end [32] Question: What are the drivers for reaffirming full year guidance? - Confidence in achieving performance levels with parts available and trained teams, alongside expected growth in both commercial and military programs [40][46] Question: Can you elaborate on the 3D woven composite parts replacing titanium? - The company is focused on developing 3D woven technology, with certification expected in the next 18 months, and positive reception noted at the Paris Air Show [54]

Core Viewpoint - Albany International reported quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.73 per share, and down from $0.89 per share a year ago, indicating an earnings surprise of -21.92% [1] Financial Performance - The company posted revenues of $311.4 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.47%, but down from $331.99 million year-over-year [2] - Over the last four quarters, Albany International has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Albany International shares have lost about 10.7% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.84 on revenues of $301.84 million, and for the current fiscal year, it is $3.19 on revenues of $1.2 billion [7] - The estimate revisions trend for Albany International was unfavorable ahead of the earnings release, which may impact future stock movements [6][5] Industry Context - The Textile - Products industry, to which Albany International belongs, is currently in the bottom 12% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Unifi, is expected to report a quarterly loss of $0.67 per share, reflecting a year-over-year change of -204.6% [9]

Revenue Performance - Net revenues for the three months ended June 30, 2025, decreased by 6.2% to $311.4 million compared to $332.0 million in the same period of 2024[110] - For the six months ended June 30, 2025, total net revenues decreased by 7.0% to $600.2 million compared to $645.3 million in the same period of 2024[114] - Machine Clothing segment revenues decreased by 6.5% to $180.9 million for Q2 2025, primarily due to reduced demand in Asia and unplanned equipment downtime[112] - Albany Engineered Composites segment revenues decreased by 5.7% to $130.5 million for Q2 2025, driven by reductions in certain commercial and space programs[113] - Machine Clothing segment revenues for the first half of 2025 decreased by 6.1% to $355.6 million, impacted by reduced demand in Asia and equipment downtime[115] - Albany Engineered Composites segment revenues for the first half of 2025 decreased by 8.2% to $244.6 million, primarily due to reductions in commercial and space programs[116] - For the three months ended June 30, 2025, net revenues decreased by $12.7 million or 6.5% compared to the same period in 2024, primarily due to reduced demand in Asia and unplanned equipment downtime[144] - For the six months ended June 30, 2025, net revenues for the Machine Clothing segment decreased by $23.2 million or 6.1% compared to the same period in 2024[145] Profitability and Margins - Gross profit for the three months ended June 30, 2025, was $97,507 thousand, a decrease from $112,383 thousand in 2024, representing a decline of 13.2%[117] - Albany Engineered Composites (AEC) gross profit margin decreased from 17.0% in 2024 to 10.5% in 2025, primarily due to cumulative changes in estimated profitability of long-term contracts, which decreased gross profit by $7.0 million in 2025[120] - Machine Clothing (MC) gross profit margin increased slightly from 45.9% in 2024 to 46.3% in 2025[120] - Gross profit for the three months ended June 30, 2025, decreased by $5.1 million, but the gross profit margin increased to 46.3% from 45.9% in the same period of 2024[146] - Operating income for the three months ended June 30, 2025, was $22,270 thousand, down from $42,905 thousand in 2024, reflecting a decrease of 48.2%[133] - Operating income for the three months ended June 30, 2025, decreased by $12.0 million or 24.2% compared to the same period in 2024, impacted by higher SG&A expenses[148] - AEC incurred a net operating loss of $2,674 thousand for the three months ended June 30, 2025, compared to a profit of $5,446 thousand in 2024[133] Expenses and Cost Management - Selling, General, and Administrative (SG&A) expenses increased by 5.4% for the three months ended June 30, 2025, with SG&A as a percentage of net revenues rising from 16.7% in 2024 to 18.8% in 2025[121] - Consolidated technical and research expenses increased by 5.8% for the three months ended June 30, 2025, with expenses as a percentage of net revenues rising from 3.6% in 2024 to 4.0% in 2025[124] - The company faces pricing pressures across all markets but aims to improve earnings through cost controls and manufacturing efficiencies[106] - The company announced plans to consolidate its corporate headquarters, impacting approximately 100 employees, with an estimated cost of $7.0 million over the next year and a half[167] Cash Flow and Liquidity - For the six months ended June 30, 2025, net cash provided by operating activities was $34.8 million, a decrease from $93.0 million in the same period of 2024, primarily due to lower gross profit[160] - As of June 30, 2025, the company had cash and cash equivalents of $106.7 million and total liquidity of approximately $462.0 million[164] - During the six months ended June 30, 2025, the company paid $16.7 million in dividends and repurchased shares for a total cost of $120.4 million[166] Tax and Interest Expenses - The effective income tax rate for the three months ended June 30, 2025, was 31.3%, up from 27.9% in 2024, mainly due to favorable discrete tax adjustments in the prior period[139] - Interest expense, net, increased to $5,150 thousand for the three months ended June 30, 2025, compared to $2,950 thousand in 2024, primarily due to higher average debt balances[136] - An increase of one percentage point in weighted average interest rates would increase interest expense by $2.6 million[172] Foreign Currency Exposure - The total net assets of non-U.S. operations and long-term intercompany loans in nonfunctional currencies amount to approximately $586.3 million[170] - A hypothetical 10% adverse change in foreign currency exchange rates could result in a potential loss in fair value of $58.6 million[170] - The company has exposure to various nonfunctional currency balances totaling $143.4 million, with a net foreign currency asset of $14.6 million as of June 30, 2025[170] - A hypothetical 10% change in currency rates could lead to an adjustment of approximately $1.5 million in the income statement[170] - The company has unhedged variable rate debt totaling $266.843 million as of June 30, 2025, with USD borrowings at an interest rate of 6.0% and EUR borrowings at 3.5%[172] - The company may enter into interest rate swap agreements to manage interest rate risk and fix rates on variable debt[172]