Albany International’s Q1 EPS $0.60, Sees Q2 EPS 70–80¢ on $335–345M Revenue
AIN•Albany International’s Engineered Composites segment delivered broad-based growth across F-35, LEAP, and 787 programs, offsetting a Machine Clothing revenue decline driven by Chinese market overcapacity and an early-Q1 equipment failure. First-quarter net income totaled $15.3 million (60 cents per share adjusted), with second-quarter guidance projecting 70–80 cents EPS on $335–345 million revenue.
1. First-Quarter Financial Results
The company reported net income of $15.3 million in Q1, translating to 54 cents per share GAAP and 60 cents adjusted. Total revenue reached $311.3 million, with shares up 14% year to date and down 13% over the past 12 months.
2. Segment Performance Dynamics
Engineered Composites delivered broad-based growth across F-35, LEAP, and 787 aerospace programs, offsetting a volume decline in Machine Clothing caused by overcapacity in the Chinese paper market and an early-quarter equipment failure. Management accelerated MC recovery by relocating machinery from a closed facility.
3. Second-Quarter Guidance
For the fiscal second quarter, the company expects earnings of 70–80 cents per share and revenue between $335 million and $345 million, reflecting confidence in ongoing demand and operational improvements.
4. Strategic Operational Adjustments
The AEC segment is shifting focus to higher-value 3D weaving and resin transfer molding for propulsion, missile, and space exploration markets. Slight delivery route adjustments have been implemented to mitigate geopolitical tensions in the Middle East while maximizing production for defense programs.
