Why Albany (AIN) Shares Are Falling Today

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 ...