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Jun 30, 2025
Albany Q2 2025 Earnings Report
Albany International reported its second-quarter 2025 results, with net revenues decreasing by 6.2% and net income significantly lower compared to the prior year.
Key Takeaways
Albany International experienced a challenging second quarter in 2025, with overall financial results lagging expectations due to timing and operational issues. Net revenues decreased by 6.2% year-over-year, and net income attributable to the company fell sharply from $24.6 million in Q2 2024 to $9.2 million in Q2 2025. Both Machine Clothing and Albany Engineered Composites segments saw revenue declines, with gross profit also decreasing.
Net revenues for Q2 2025 were $311 million, a 6.2% decrease from the prior year, or 7.4% after adjusting for currency translation.
Net income attributable to the Company was $9 million ($0.31 per share), significantly down from $25 million ($0.79 per share) in Q2 2024.
Adjusted diluted EPS was $0.57 per share, compared to $0.89 per share in Q2 2024, and Adjusted EBITDA decreased by 17.8% to $52 million.
Gross profit declined by 13.2% to $98 million, with the overall gross margin decreasing by 260 basis points primarily due to changes in estimated profitability of long-term contracts at AEC.
Revenue by Segment
Forward Guidance
Albany International has reaffirmed its full-year 2025 guidance, expecting total company revenue between $1.165 billion and $1.265 billion, and Adjusted diluted EPS between $3.00 and $3.40.
Positive Outlook
- Reaffirmed full-year revenue guidance of $1.165 billion to $1.265 billion.
- Reaffirmed Adjusted diluted EPS guidance of $3.00 to $3.40.
- Reaffirmed total company Adjusted EBITDA guidance of $240 million to $260 million.
- Machine Clothing revenue expected between $705 million to $755 million.
- Albany Engineered Composites revenue expected between $460 million to $510 million.
Challenges Ahead
- Effective income tax rate expected to be approximately 31%, which is higher than the prior year's Q2 rate.
- Capital expenditures are projected to be in the range of $85 million to $95 million, indicating significant investment.
- No specific negative forward guidance points were explicitly stated beyond the general challenges mentioned for the current quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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