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Mar 31, 2025
Albany Q1 2025 Earnings Report
Reported operating results for the first quarter of 2025
Key Takeaways
Albany International reported a decrease in revenue and net income for the first quarter of 2025 compared to the prior year, driven by lower sales in both Machine Clothing and Albany Engineered Composites segments. Despite the decline, the company reaffirmed its full-year 2025 guidance.
Net revenues were $289 million, a decrease of 7.8% year-over-year.
Net income attributable to the Company was $17 million ($0.56 per share), down from $27 million ($0.87 per share) in the prior year.
Adjusted diluted earnings per share was $0.73, compared to $0.90 in the first quarter of 2024.
Adjusted EBITDA was $56 million, a decrease of 14.8% from $65 million in the prior year.
Revenue by Segment
Forward Guidance
Albany International re-affirmed its full-year 2025 guidance.
Positive Outlook
- Total company revenue is expected to be between $1.165 billion to $1.265 billion.
- Adjusted diluted earnings per share is expected to be between $3.00 and $3.40.
- Total company Adjusted EBITDA is expected to be between $240 million to $260 million.
- Machine Clothing revenue is expected to be between $705 million to $755 million.
- Albany Engineered Composites Adjusted EBITDA is expected to be between $60 million to $70 million.
Challenges Ahead
- Effective income tax rate is expected to be approximately 31%.
- Capital expenditures are expected to be in the range of $85 million to $95 million.
- Machine Clothing Adjusted EBITDA is expected to be between $220 million and $240 million.
- Albany Engineered Composites revenue is expected to be between $460 million to $510 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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