Commission file number: 1-10026 ______________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _ ...

time. Joining us now is longtime media investor, positions in WBD, Paramount, Sky Dance, and Netflix, Gamco Investors chairman and CEO Mario Gabelli. So, so just remind us how how much how how big of a shareholder are you in Warner Brothers and which way do you lean.>> Oh, well, there's 25, you know, there's two and a half billion shares at 30. That's close to $75 billion of market cap. Uh, it's clearly one of the top 20 holdings.It's probably a couple hundred million dollars with a very low cost basis, but ...

Financial Data and Key Metrics Changes - The company reported total consolidated sales of $321.2 million, up 12% year-over-year, driven by higher sales in the Engineered Composites business, partially offset by softer demand in Machine Clothing, particularly in China [7][16] - Adjusted EBITDA for the fourth quarter was $57.3 million, representing 17.8% of sales, compared to $50 million or 17.4% of sales in the year-ago period [7][16] - Free cash flow generated in 2025 was approximately $81 million, providing flexibility for investments and shareholder returns [10] Business Line Data and Key Metrics Changes - In the Machine Clothing segment, sales were down mid-single digits year-over-year, driven by lower volumes in China, with segment revenue at $177.5 million compared to $188.1 million in the prior year [7][16] - The Engineered Composites segment delivered strong performance with sales of $143.7 million, compared to $98.8 million in the year-ago period, driven by broad-based volume increases across multiple programs [9][17] Market Data and Key Metrics Changes - Demand conditions in Machine Clothing remain mixed across regions, with stable volume in North America but pressure on order rates due to consolidation and mill closures [7][8] - In Asia, paper overcapacity continued to pressure segment-level results, particularly in China, although there was no further deceleration in the fourth quarter [8][16] Company Strategy and Development Direction - The company has sharpened its strategic focus on high-value applications where it holds clear competitive advantages while exiting non-core activities [6] - Albany International is investing in innovation and advanced manufacturing capabilities, with a focus on high-value applications across commercial, aerospace, defense, and emerging platforms [5][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to recover from recent operational challenges and expects to make up lost production over the year [10][24] - The outlook for 2026 includes stable demand conditions in Europe and North America for Machine Clothing, with continued growth anticipated in Engineered Composites [23][25] Other Important Information - The company returned approximately $218 million to shareholders through share repurchases and dividends, including the repurchase of roughly 10% of shares outstanding [10][11] - The effective tax rate for the fourth quarter was 39.3%, an increase from 28% in the year-ago period due to the expiration of a Foreign Tax Credit [20] Q&A Session Summary Question: What is the expected run rate for Machine Clothing in 2026? - Management expects the run rate to hold through the year, with a cautious outlook on recovery from equipment failure [27][28] Question: What is the growth outlook for the Engineered Composites segment? - The segment is expected to continue strong growth, particularly from the LEAP program and missile applications, with margins projected to remain stable [29][30] Question: What is the company's strategy regarding the Amelia Earhart facility? - The facility is under strategic review, with interest from both private equity and strategic buyers, and management is optimistic about the site's capacity [44][45] Question: Will there be any negative charges in the future? - Management does not expect any large charges going forward, having taken significant steps to de-risk the program [50][51]

Albany International (NYSE:AIN) Q4 2025 Earnings call February 24, 2026 09:00 AM ET Company ParticipantsGunnar Kleveland - President and CEOKaren Blomquist - Director of Investor RelationsWill Station - CFOConference Call ParticipantsMichael Ciarmoli - Senior Research AnalystRonald Epstein - Managing Director and Equity Research AnalystSteve Tusa - Managing Director and Equity Eesearch AnalystOperatorLadies and gentlemen, thank you for standing by. Hello, and welcome to Q4 2025 Albany International Corp Ear ...

Albany International (NYSE:AIN) Q4 2025 Earnings call February 24, 2026 09:00 AM ET Speaker3Ladies and gentlemen, thank you for standing by. Hello, and welcome to Q4 2025 Albany International Corp Earnings Conference Call. All lines have been placed on mute to prevent any background noise. I would now like to turn the conference over to our Director of Investor Relations, Karen Blomquist. Please go ahead.Speaker1Thank you, operator. Good morning, everyone. Welcome to Albany International's fourth quarter 20 ...

SAFE HARBOR STATEMENT PROPRIETARY & CONFIDENTIAL Q4 2025 EARNINGS UPDATE February 24, 2026 This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liability. This presentation contains certain items, such as earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, Adjusted EBITDA Margins, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report: February 24, 2026 (Date of earliest event reported) ALBANY INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) | Delaware | 1-10026 | 14-0462060 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (I.R.S Employer | | of incorporation) | File Number) | Identification No.) | | 325 Corporate ...

Core Insights - The industrials sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold conditions, with values below 30 indicating potential buying opportunities [1] Company Summaries - **Voyager Technologies Inc (NYSE:VOYG)**: Recently announced a strategic partnership with Infleqtion to advance quantum technology. The stock has fallen approximately 47% over the past month, with an RSI of 25.4. The stock price rose 2.3% to close at $18.51 [8] - **Albany International Corp (NYSE:AIN)**: Reported weaker-than-expected quarterly earnings and is undergoing a strategic review of its structures assembly business. The stock has decreased around 27% in the last month, with an RSI of 21. The stock price increased by 2.2% to close at $42.35 [8] - **Loar Holdings Inc (NYSE:LOAR)**: Posted mixed results for the third quarter, citing strong growth in commercial passenger traffic and defense products. The stock has declined about 20% over the past month, with an RSI of 28. The stock price rose 2.5% to close at $65.36 [8]

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]