Albany International Q2 revenue, profit falls

Overview

• Albany International Q2 2025 net rev down 6.2% yr/yr, still beats analyst expectations, per LSEG data

• Adjusted EPS for Q2 2025 falls to $0.57 from $0.89 yr/yr

• Company reaffirms full-year 2025 guidance

Outlook

• Albany sees full-year 2025 revenue between $1.165 bln and $1.265 bln

• Company expects 2025 adjusted EPS between $3.00 and $3.40

• Albany forecasts 2025 capital expenditures of $85 mln to $95 mln

• Company anticipates 2025 effective tax rate of approximately 31%

Result Drivers

• ASIAN DEMAND - Reduced demand in Asia impacted Machine Clothing net revenues

• EQUIPMENT DOWNTIME - Unplanned equipment downtime in one of co's production facilities affected Machine Clothing segment revenues

• PROGRAM REDUCTIONS - AEC segment faced revenue declines due to reductions in certain commercial and space programs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Albany International Corp is $70.00, about 2% below its July 29 closing price of $71.43

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nBw4cyZMfa