Albany International Corp reported second-quarter 2026 revenue of $329.5 million, up 5.8% year-over-year, with adjusted EBITDA rising to $57.8 million from $51.9 million. The Engineered Composites segment achieved a quarterly record of $150.8 million in revenue, a 16% increase driven by ramps in LEAP, Boeing programs, and CH-53K, while Machine Clothing revenue was $178.7 million with an adjusted EBITDA margin of 28%. Free cash flow was a net use of $14.5 million compared to a net gain of $17.8 million in the prior year, impacted by inventory build to support production ramps and seasonal shutdowns. The company ended the quarter with $77.3 million in cash and $450.7 million in total debt, resulting in net debt of approximately $373.3 million. CEO Gunnar Kleveland noted the strategic review of the Salt Lake City site is progressing with eight final candidates, and new business wins including a Pratt & Whitney GTF contract position the company for long-term growth.
The Boeing CompanyBoeing programs drive Engineered Composites revenue growth.
RTX Corporation
Albany International CorporationRecord revenue and EBITDA growth, new business wins, and strategic review progress.
