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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $311.40 $305.10

mln mln (4

Analysts

)

Q2 Net $9.33

Income mln

Q2 Gross $97.51

Profit mln

Q2 $22.27

Operatin mln

g Income

Q2 $13.59

Pretax mln

Profit

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 ( AIN ) 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:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)