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Founded in 1895, Albany International Corp. is a global leader in advanced textiles and materials processing specializing in designing and manufacturing high-performance engineered fabrics and composite components and assemblies that serve industries such as paper, industrial manufacturing, and aerospace. The terms the Registrant, the Company, Albany, we, us, or our mean Albany Internat…
The business is unprofitable at the operating level (-3.05% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 3.9% YoY. Margins deteriorated 13.7pp alongside, both lines moving the wrong way.
Free cash flow declined 40% versus the prior year, cash generation momentum has weakened. ROIC dropped from 7.29% to -2.26%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.21B
▼ -3.9% YoY
Net Income (TTM)
-$59M
▼ -165.4% YoY
Op. Margin
-3.23%
▼ -13.7pp YoY
ROIC
-2.49%
▼ -9.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$83M
▼ -40.2% YoY
Op. Cash Flow (FY)
$152M
▼ -30.2% YoY
Net Debt
$354M
Cash & Equiv.
$123M
5Y CAGR: +5.6%
5Y CAGR: -3.5%
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