Albany International Declares $0.28 Quarterly Dividend
Albany International Corp, a maker of engineered textiles and composite components for aerospace, declared a quarterly dividend of $0.28 per share in December. The company generated $51.0 million in free cash flow during the quarter.
Albany International Corp (NYSE: AIN), a manufacturer of engineered textiles for paper production and composite components for aerospace applications, declared a quarterly dividend of $0.28 per share in December. The dividend announcement came as the company reported fourth-quarter results and capital allocation activities. Read more dividend announcements.
The company generated free cash flow of $51.0 million in the quarter, down from $59.3 million in the prior-year period. During the same period, Albany repurchased 360,267 shares of its common stock, returning capital to shareholders through both dividends and buybacks.
| Dividend Details | Information |
|---|---|
| Amount | $0.28 per share |
| Type | Quarterly cash dividend |
| Record Date | Not disclosed |
| Ex-Dividend Date | Not disclosed |
| Payment Date | Not disclosed |
Operating Performance
Albany's Machine Clothing segment saw net revenues decline 7.9% after currency adjustments, driven by weakness in Asia markets due to overcapacity. The division posted an adjusted EBITDA margin of 27.4%, down from 28.5% in the fourth quarter of 2024. The margin decline reflected lower volumes in Asia, partially offset by ongoing footprint optimization efforts.
The Engineered Composites segment delivered stronger results, with net revenues up 43.1% after currency adjustments. Growth came from commercial and defense programs, particularly the LEAP program on the commercial side and F-35 and missile programs on defense. Adjusted EBITDA margin improved sharply to 12.9% from 6.1% in the prior-year quarter.
Capital Expenditures and Balance Sheet
Capital expenditures totaled $22.7 million, up from $19.1 million in the fourth quarter of 2024, focused on facility optimization and customer program investments. Research and development expenses were $12.1 million, compared to $10.7 million in the year-ago period.
Albany ended the quarter with cash and cash equivalents of $112.4 million and total debt of $455.7 million, resulting in net debt of $343.3 million.
First-Quarter Outlook
The company projects first-quarter 2026 consolidated revenue between $275 million and $285 million. Machine Clothing revenue is expected between $160 million and $165 million, while Engineered Composites revenue is forecast between $115 million and $120 million.
Albany expects adjusted earnings per share between $0.50 and $0.60 for the first quarter, with an effective tax rate of 27.0%.