Short answer
ALBANY INTERNATIONAL CORP /DE/ (AIN) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $1.2B (−3.9% year over year) and net income of −$57M.
- Top risk flagged: Regulatory/legal risk: DoD Cybersecurity Maturity Model Certification (CMMC) Level 3 required for future contracts, complex compliance and cost risk for AEC aerospace segment
FY2025 key financial metrics · XBRL
- Revenue
- $1.2B
- −3.9% YoY
- Net income
- −$57M
- −165.4% YoY
- Operating margin
- -3.1%
- −13.7 pp YoY
- Gross margin
- 20.6%
- −12.0 pp YoY
- EPS (diluted)
- −$1.94
- −169.3% YoY
- ROE
- -7.9%
- −17.2 pp YoY
- Operating cash flow
- $152M
- −30.2% YoY
Source: XBRL data from the ALBANY INTERNATIONAL CORP /DE/ (AIN) FY2025 10-K on SEC EDGAR. USD.
ALBANY INTERNATIONAL CORP /DE/ FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model focused on high-performance engineered fabrics and composite components for paper, industrial manufacturing, aerospace
- Emphasis on advanced textiles and materials processing across global markets
- Long-standing presence since 1895 supporting diverse industrial sectors
- Distinctive integration of fabric design with composite assemblies for specialized applications
- Business description highlighted without specific new products or segments introduced this year
Management Discussion & Analysis
- Revenue $1,182.8M, down 3.9% YoY from $1,230.6M; MC revenue $708.1M (-5.6%), AEC revenue $474.7M (-1.2%)
- Operating margin -3.1% vs 10.7% in 2024; MC margin 22.1% vs 24.5%, AEC margin -30.6% vs -2.4%
- Best segment: MC operating income $156.2M; Worst: AEC operating loss $(145.1)M driven by $155.9M CH-53K contract cost adjustments
- Operating cash flow $152.5M vs $218.4M; Capex $71.5M; Financing cash outflow $96.1M with increased share repurchases; liquidity $456.7M
- 2026 outlook: MC stable in Americas/Europe, uncertain Asia; AEC faces operational/contract risks, strategic review of Salt Lake City facility underway due to CH-53K challenges
Risk Factors
- Regulatory/legal risk: DoD Cybersecurity Maturity Model Certification (CMMC) Level 3 required for future contracts, complex compliance and cost risk for AEC aerospace segment
- Geopolitical/macroeconomic risk: Russia-Ukraine conflict causing supply chain disruptions, loss of Russian joint venture, impacting raw material costs and customer demand
- Operational/supply chain risk: AEC single-supplier dependency on SAFRAN for carbon fiber and resin in LEAP program risking production delays
- Competitive risk: Asian competitors, especially Chinese domestic manufacturers favored by government, intensify pricing and sales challenges in China market
- Financial/structural risk: AEC growth depends on MC segment cash flow; downturn in MC revenues could impair funding for AEC investments and growth
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