AIN US Earnings call
Albany International Corp. /de/ (AIN) · Q2 2026 results and valuation
Share price: $68.46 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 6 Aug 2026 and 30 Apr 2026
Net income up 14.0% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+14.0%
Net income vs Q1 2026
Outlook given
Net income 17.4M vs 15.3M
Revenue +5.8%
Against the same quarter last year (Q2 2025) it is +89.6%, so it is not just seasonal.
2 · How management spoke
Typical
Less upbeat than 56% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Figure
Margins declined to 11.7% due to the impact of prior year items and mix, including 0 margin revenues associated with those items.
Valuation
Is Albany International Corp. /de/ undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 4.6% growth a year (3-year revenue growth), the model's fair value is $33.03 a share — the stock trades 107% above it. Today's price assumes 12.3% growth a year.
Current price
$68.46
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+12.3% for 10 yrs
Fair value / share
$33.03
Buy below
$24.78
Price vs fair value
Overvalued 107%
Price vs buy-below price
Overvalued 176%
Read between the lines
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Key theme
AIN updated guidance to say stronger production capabilities should help recover lost volume and customer demand.
Source quote
“Notably, the Department of War requested time with our team to explore how our differentiated commercial capabilities, including out-of-autoclave processing... ...solutions. Also, as announced at the show, AEC has been selected as a collaboration partner on the Aerospace Technology Institute's Advanced Wing Enabling Ultra-Efficient Propulsion 2 project.”
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Guidance
Albany International Corp /de/ expects this action to strengthen its production capabilities and support its ongoing efforts to recover lost volume and customer demand.
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Guidance
Given these trends and the impact of customer consolidation and capacity rationalization across parts of the paper industry, Albany International Corp /de/ now expects full year Machine Clothing revenue to be slightly…
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“While the operating environment remains fluid, we believe the actions we have taken to strengthen the business are creating greater stability, improved visibility and a stronger foundation for profitable growth.”
“In the Americas, volume was below expectations as we are seeing some moderation tied to customer facility closures and consolidations, lower inventory levels and a softer demand environment in South...”
“The improvement was primarily driven by stronger gross profit.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 329.5M | 311.3M | +5.8% | 311.4M | +5.8% |
| Gross profit | 107.9M | 99.8M | +8.1% | 97.5M | +10.7% |
| Operating income | 32.1M | 25.4M | +26.7% | 22.3M | +44.3% |
| Net income | 17.4M | 15.3M | +14.0% | 9.2M | +89.6% |
| EPS | 0.61 | 0.54 | +13.0% | 0.31 | +96.8% |
| P/E | 12-mo loss | 12-mo loss | — | 34.9 | — |
Topics
Most discussed now
- New It is a complement of resin transfer molded parts in the inlets of the 2 engine variants.
- New Albany International Corp /de/ is seeing that lull as these curtailments happen late last year and beginning of this year.
- New As Albany International Corp /de/ looks at the outlook past the next quarter towards the end of fourth quarter and into next year,...
- Albany International Corp /de/ continues to rapidly develop its high-temperature ceramic matrix composite capabilities, utilizing its…
- In the Americas, volume was below expectations as Albany International Corp /de/ is seeing some moderation tied to customer facility…
Faded since Q1 2026
- Fading Albany International Corp /de/'s focus on safety, quality and operational excellence creates a solid foundation for its reliable…
- Fading In Machine Clothing, results reflect continued softness in Asia markets, particularly in China, resulting in a modest year-over-year…
- Fading Despite this headwind, underlying trends remained stable and operational execution was solid.
- Fading The year-over-year decline in margin was primarily driven by a higher mix of revenue from Engineered Composites, which carry structurally...
Latest announcements
Official filings, newest first.
- Results of operations; Regulation FD disclosure · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Current report · SEC 8-K