Albany International Corp. (AIN) financial statements: income statement, balance sheet and cash flow
Albany International Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Albany International Corp. reported revenue of $1.2B (-3.9% year on year) and net income of ($57.3M) (-165.4% year on year).
Income statement
Albany International Corp. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net revenues
$1.2B
$1.2B
$1.1B
$1.0B
Cost of goods sold
$938.9M
$828.8M
$724.2M
$645.1M
Gross profit
$243.9M
$401.8M
$423.7M
$389.8M
Selling, general and administrative expenses
$218.3M
$210.9M
$214.9M
$168.7M
Technical and research expenses
$48.0M
$46.1M
$40.6M
$39.9M
Restructuring expenses, net
$13.7M
$13.4M
$282.0K
$106.0K
Operating income/(loss)
($36.1M)
$131.4M
$167.9M
$181.0M
Interest income
($5.2M)
($4.1M)
($6.6M)
($3.8M)
Interest expense
$25.8M
$16.6M
$20.2M
$17.8M
Other expense/(income), net
$5.1M
$1.7M
($6.2M)
($14.1M)
Income/(loss) before income taxes
($61.8M)
$117.1M
$160.5M
$132.0M
Income tax (benefit)/expense
($4.8M)
$29.0M
$48.8M
$35.5M
Net income/(loss)
($57.0M)
$88.1M
$111.6M
$96.5M
Net income attributable to the noncontrolling interest
$383.0K
$432.0K
$490.0K
$746.0K
Net income/(loss) attributable to the Company
($57.3M)
$87.6M
$111.1M
$95.8M
Basic earnings (loss) per share attributable to Company shareholders (in dollars per share)
-$1.94
$2.81
$3.56
$3.06
Diluted earnings (loss) per share attributable to Company shareholders (in dollars per share)
-$1.94
$2.80
$3.55
$3.04
Dividends declared per share (in dollars per share)
$1.09
$1.05
$1.01
$0.88
Basic (in shares)
29.6M
31.2M
31.2M
—
Diluted (in shares)
29.6M
31.3M
31.3M
—
Albany International Corp. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net revenues
$329.5M
$311.3M
$261.4M
$311.4M
Cost of goods sold
$221.6M
$211.5M
$311.4M
$213.9M
Gross profit
$107.9M
$99.8M
($49.9M)
$97.5M
Selling, general, and administrative expenses
$56.1M
$58.3M
$51.9M
$58.5M
Technical and research expenses
$11.7M
$13.0M
$11.5M
$12.6M
Restructuring expenses, net
$8.0M
$3.2M
$3.2M
$4.2M
Operating income/(loss)
$32.1M
$25.4M
($116.5M)
$22.3M
Interest expense, net
$6.1M
$5.5M
$5.9M
$5.2M
Other (income)/expense, net
$39.0K
($3.2M)
($347.0K)
$3.5M
Income before income taxes
$26.0M
$23.1M
($122.1M)
$13.6M
Income tax expense
$8.3M
$7.7M
($24.4M)
$4.3M
Net income
$17.7M
$15.4M
($97.6M)
$9.3M
Net income attributable to the noncontrolling interest
$290.0K
$168.0K
$122.0K
$149.0K
Net income attributable to the Company
$17.4M
$15.3M
($97.8M)
$9.2M
Earnings per share attributable to Company shareholders - Basic (in dollars per share)
$0.61
$0.54
-$3.37
$0.31
Earnings per share attributable to Company shareholders - Diluted (in dollars per share)
$0.61
$0.54
-$3.37
$0.31
Basic (in shares)
28.4M
28.3M
29.0M
29.9M
Diluted (in shares)
28.6M
28.6M
29.0M
30.1M
Dividends declared per Class A share (in dollars per share)
$0.28
$0.28
$0.27
$0.27
Balance sheet
Albany International Corp. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$112.3M
$115.3M
$173.4M
$291.8M
Accounts receivable, net
$235.1M
$246.7M
$287.8M
$200.0M
Contract assets, net
$87.1M
$166.6M
$182.3M
$148.7M
Inventories
$121.6M
$145.8M
$169.6M
$139.1M
Income taxes prepaid and receivable
$43.9M
$19.2M
$11.0M
$7.9M
Prepaid expenses and other current assets
$35.0M
$37.1M
$53.9M
$51.0M
Assets held for sale
$293.8M
—
—
—
Total current assets
$928.8M
$730.7M
$878.0M
$838.4M
Property, plant and equipment, net
$482.6M
$563.4M
$602.0M
$445.7M
Intangibles, net
$21.4M
$38.1M
$44.6M
$33.8M
Goodwill
$162.5M
$176.3M
$180.2M
$178.2M
Deferred income taxes
$68.5M
$28.8M
$22.9M
$15.2M
Other assets
$54.9M
$111.4M
$102.9M
$103.0M
Total assets
$1.7B
$1.6B
$1.8B
$1.6B
Accounts payable
$64.5M
$66.1M
$87.1M
$69.7M
Accrued liabilities
$139.4M
$141.9M
$143.0M
$126.4M
Income taxes payable
$35.1M
$18.4M
$14.4M
$15.2M
Liabilities held for sale
$203.3M
—
—
—
Total current liabilities
$442.3M
$226.4M
$248.7M
$211.3M
Long-term debt
$455.7M
$318.5M
$452.7M
$439.0M
Other noncurrent liabilities
$86.8M
$138.8M
$139.4M
$108.8M
Deferred taxes and other liabilities
$1.8M
$16.0M
$27.0M
$15.6M
Total liabilities
$986.6M
$699.7M
$867.7M
$774.7M
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
$0.00
$0.00
$0.00
$0.00
Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; issued 40,989,106 in 2025 and 40,917,539 in 2024
$41000.00
$41000.00
$41000.00
$41000.00
Additional paid-in capital
$460.5M
$452.9M
$448.2M
$441.5M
Retained earnings
$976.4M
$1.1B
$1.0B
$931.3M
Translation adjustments
($119.0M)
($181.6M)
($124.9M)
($146.9M)
Pension and postretirement liability adjustments
($23.9M)
($14.3M)
($17.3M)
($15.8M)
Derivative valuation adjustment
($619.0K)
($106.0K)
$9.1M
$17.7M
Treasury stock (Class A), at cost; 12,685,782 shares in 2025 and 9,844,746 in 2024
-567.1M
-379.2M
-364.7M
—
Total Company shareholders’ equity
$726.2M
$943.5M
$961.4M
$863.0M
Noncontrolling interest
$5.9M
$5.4M
$6.0M
$4.5M
Total shareholders' equity
$732.1M
$948.9M
$967.3M
$867.5M
Total liabilities and shareholders’ equity
$1.7B
$1.6B
$1.8B
$1.6B
Albany International Corp. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$77.3M
$122.6M
$108.3M
$106.7M
Accounts receivable, net
$252.1M
$241.6M
$258.5M
$263.1M
Contract assets, net
$77.3M
$80.8M
$140.3M
$185.0M
Inventories
$146.2M
$139.8M
$159.7M
$161.9M
Income taxes prepaid and receivable
$41.2M
$43.9M
$33.0M
$18.2M
Prepaid expenses and other current assets
$40.4M
$40.5M
$40.8M
$40.2M
Assets held for sale
$306.7M
$294.0M
—
—
Total current assets
$941.2M
$963.3M
$740.5M
$775.1M
Property, plant and equipment, net
$467.4M
$472.0M
$573.2M
$578.6M
Intangibles, net
$19.7M
$20.4M
$36.1M
$37.4M
Goodwill
$160.6M
$161.1M
$184.3M
$184.3M
Deferred income taxes
$66.3M
$64.5M
$57.2M
$35.7M
Other assets
$56.2M
$55.5M
$110.2M
$112.3M
Total assets
$1.7B
$1.7B
$1.7B
$1.7B
Accounts payable
$75.1M
$75.2M
$86.0M
$96.8M
Accrued liabilities
$133.8M
$143.6M
$222.4M
$121.3M
Income taxes payable
$24.5M
$22.8M
$8.0M
$2.6M
Liabilities held for sale
$187.1M
$197.1M
—
—
Total current liabilities
$420.5M
$438.6M
$316.4M
$220.8M
Long-term debt
$450.7M
$476.5M
$480.6M
$444.7M
Other noncurrent liabilities
$86.0M
$83.9M
$140.8M
$144.6M
Deferred income taxes
$2.1M
$2.3M
—
—
Total liabilities
$959.3M
$1.0B
$956.6M
$829.3M
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
$0.00
$0.00
$0.00
$0.00
Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; 41,056,929 issued in 2026 and 40,989,106 in 2025
$41000.00
$41000.00
$41000.00
$41000.00
Additional paid in capital
$464.1M
$460.6M
$460.3M
$456.6M
Retained earnings
$993.2M
$983.7M
$970.4M
$1.1B
Translation adjustments
($121.7M)
($124.2M)
($123.2M)
($125.6M)
Pension and postretirement liability adjustments
($23.1M)
($23.3M)
($17.4M)
($17.8M)
Derivative valuation adjustment
$131.0K
($293.0K)
($737.0K)
($863.0K)
Treasury stock (Class A), at cost; 12,685,782 shares in 2026 and 12,685,782 in 2025
-567.0M
-567.1M
-550.2M
-499.7M
Total shareholders' equity
$745.7M
$729.4M
$739.3M
$888.6M
Noncontrolling interest
$6.4M
$6.0M
$5.7M
$5.5M
Total equity
$752.1M
$735.4M
$745.0M
$894.1M
Total liabilities and shareholders' equity
$1.7B
$1.7B
$1.7B
$1.7B
Cash flow statement
Albany International Corp. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
($57.0M)
$88.1M
$111.6M
$96.5M
Depreciation
$82.7M
$82.5M
$70.4M
$62.5M
Amortization
$5.2M
$6.8M
$6.4M
$6.6M
Change in deferred taxes and other liabilities
($43.3M)
($15.3M)
($2.0M)
($8.5M)
Impairment of property, plant, equipment, and inventory
($390.0K)
$2.0M
$1.8M
$1.8M
Non-cash interest expense
$1.0M
$1.0M
$1.4M
$1.1M
Contract loss provision
$139.7M
—
—
—
Share-based compensation
$10.1M
—
—
—
Provision/(recovery) for credit losses from uncollected receivables and contract assets
($139.0K)
$310.0K
$640.0K
$1.4M
Foreign currency remeasurement (gain)/loss on intercompany loans
$8.9M
$81.0K
($2.8M)
($4.4M)
Fair value adjustment on foreign currency options
$0
$0
($139.0K)
($509.0K)
Gain on sale of assets
($1.6M)
($513.0K)
—
—
Accounts receivable
($724.0K)
$31.8M
($11.0M)
($14.3M)
Contract assets
($23.2M)
$12.3M
($32.2M)
($36.4M)
Inventories
$17.6M
$14.6M
$15.1M
($24.5M)
Prepaid expenses and other current assets
$1.9M
$4.0M
$1.5M
($4.1M)
Income taxes prepaid and receivable
($25.1M)
($8.6M)
($2.9M)
($6.0M)
Accounts payable
$9.2M
($3.1M)
($5.7M)
$8.6M
Accrued liabilities
$8.0M
($1.3M)
($10.4M)
$3.2M
Income taxes payable
$14.5M
$6.9M
($2.0M)
$183.0K
Noncurrent receivables
$0
($780.0K)
$3.7M
$3.9M
Other noncurrent liabilities
($2.5M)
($7.7M)
($9.8M)
($10.1M)
Other, net
$7.7M
$582.0K
$7.6M
$4.2M
Net cash provided by operating activities
$152.5M
$218.4M
$148.1M
$128.2M
Purchase of business, net of cash acquired
$0
$0
($133.5M)
—
Purchases of property, plant and equipment
($69.8M)
($80.2M)
($83.6M)
($93.7M)
Purchased software
($1.7M)
($958.0K)
($869.0K)
($2.7M)
Proceeds received from sale of assets
$3.2M
$1.0M
—
—
Net cash used in investing activities
($68.3M)
($80.2M)
($217.9M)
($96.3M)
Proceeds from borrowings
$272.0M
$145.6M
$78.0M
$162.0M
Principal payments on debt
($147.0M)
($279.8M)
($92.3M)
($73.0M)
Debt acquisition costs
$0
$0
($4.1M)
$0
Purchase of Treasury shares
-186.0M
-14.2M
0
-84.8M
Taxes paid in lieu of share issuance
($2.5M)
($2.9M)
($3.1M)
($770.0K)
Dividends paid
($32.5M)
($32.5M)
($31.2M)
($26.5M)
Net cash used in financing activities
($96.1M)
($183.8M)
($52.6M)
($23.7M)
Effect of exchange rate changes on cash and cash equivalents
$8.9M
($12.6M)
$4.1M
($18.5M)
(Decrease) in cash and cash equivalents
($2.9M)
($58.1M)
($118.4M)
($10.3M)
Cash and cash equivalents at beginning of period
$115.3M
$173.4M
$291.8M
$302.0M
Cash and cash equivalents at end of period
$112.3M
$115.3M
$173.4M
$291.8M
Albany International Corp. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$33.2M
$15.4M
($71.0M)
$26.7M
Depreciation
$32.9M
$16.5M
$61.6M
$40.1M
Amortization
$1.3M
$651.0K
$3.9M
$3.0M
Change in deferred taxes
$2.2M
$4.0M
—
—
Loss/(gain) on disposal of property, plant and equipment
$324.0K
—
—
—
Non-cash interest expense
$515.0K
$258.0K
$777.0K
$513.0K
Compensation and benefits paid or payable in Class A Common Stock
$5.0M
$1.5M
$9.9M
$3.7M
Provision/(recovery) for credit losses from uncollected receivables and contract assets
($101.0K)
($207.0K)
$553.0K
$1.0M
Foreign currency remeasurement loss/(gain) on intercompany loans
($3.8M)
($1.9M)
$7.6M
$7.2M
Gain on sale of assets
$0
—
($1.6M)
($1.6M)
Accounts receivable
($12.9M)
($6.8M)
$2.2M
($4.5M)
Contract assets
($8.8M)
$5.7M
($8.0M)
($15.3M)
Inventories
($22.9M)
($18.5M)
($5.1M)
($8.2M)
Prepaid expenses and other current assets
($5.2M)
($5.4M)
($3.3M)
($2.6M)
Income taxes prepaid and receivable
$2.8M
($64.0K)
($13.8M)
$743.0K
Accounts payable
$14.5M
$10.9M
$18.7M
$26.9M
Accrued liabilities
($23.3M)
($2.1M)
($22.9M)
($23.3M)
Income taxes payable
($11.0M)
($12.7M)
($13.0M)
($17.2M)
Noncurrent receivables
$0
$0
—
($201.0K)
Other noncurrent liabilities
$288.0K
($1.6M)
($4.3M)
($2.9M)
Other, net
($1.9M)
($233.0K)
($847.0K)
$3.7M
Net cash provided by operating activities
$3.0M
$5.6M
$78.8M
$34.8M
Purchases of property, plant and equipment
($21.2M)
($9.3M)
($47.6M)
($29.5M)
Purchased software
($12.0K)
—
($1.3M)
($1.0M)
Proceeds received from sale of assets
$0
—
$3.2M
$3.2M
Proceeds from sale of investment
$1.7M
—
—
—
Net cash used in investing activities
($19.5M)
($9.3M)
($45.6M)
($27.3M)
Proceeds from borrowings
$83.0M
$65.0M
$232.0M
$172.0M
Repayment of borrowings
($85.0M)
($42.0M)
($82.0M)
($58.0M)
Purchase of Treasury shares
0
0
-171.0M
-120.4M
Taxes paid in lieu of share issuance
($1.3M)
($1.3M)
($2.5M)
($1.3M)
Dividends paid
($15.9M)
($7.9M)
($24.7M)
($16.7M)
Net cash used in financing activities
($19.2M)
$13.8M
($48.3M)
($24.5M)
Effect of exchange rate changes on cash and cash equivalents