Albany International Corporation · NYSE:AIN
Albany International — Q3 2025 Earnings Presentation
16 slides from Albany International's earnings presentation, Nov 6, 2025
Slide 1: Q3 2025 Earnings Update
PROPRIETARY & CONFIDENTIAL Q3 2025 EARNINGS UPDATE November 6, 2025 This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains certain items, such as earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, Adjusted EBITDA Margins, Adjusted Diluted EPS, Free Cash Flow and net debt, as well certain income and expense items on a per share basis,
Slide 3: Strategic Actions: Reviewing Strategic Alternatives for Structures Assembly Business
STRATEGIC ACTIONS Reviewing Strategic Alternatives for Structures Assembly Business CH-53K RATIONALE • $147 million pre-tax loss reserve and adjustment on the CH-53K • Complex structures assembly work does not align with program, recognizes full loss over the next 8 years the strategic priority of 3
Slide 4: Strategic Overview
STRATEGIC OVERVIEW Two unique end markets from one shared expertise in weaving technology MACHINE CLOTHING ENGINEERED COMPOSITES Global leader in paper machine fabrics and Long-term growth engine process belts Grew organically from weaving and composites manufacturing capabilities Leading position i
Slide 5: Financial Snapshot
FINANCIAL SNAPSHOT Strong balance sheet and cash flow supports disciplined capital allocation Balanced capital allocation strategy For the trailing 12 months ended September 30, 2025 directed toward organic growth through CAPEX and consistent R&D investment, along with return of cash to $68M 8% CAPE
Slide 6: Machine Clothing End Markets
MACHINE CLOTHING END MARKETS Global stability with softness in Asia GEOGRAPHY PAPER GRADE AMERICAS TISSUE STABLE Bright spot globally with planned new investments supporting Growth in Tissue partly impacted by industry consolidation largely growing demand. impacting packaging and corrugator segments
Slide 7: Engineered Composites End Markets
ENGINEERED COMPOSITES END MARKETS Broad portfolio performing; portfolio reshaping to enhance profitability COMMERCIAL DEFENSE AEROSPACE AEROSPACE GROWING STABLE LEAP deliveries increasing with customer demand. F-35 program at rate. BETA certification underway and production ramping. Focusing new bus
Slide 8: Q3 Consolidated Financials
Q3 CONSOLIDATED FINANCIALS (Millions USD, except per share data) Q3 2025 Q3 2024 Total Revenue* $261.4 $298.4 Adjusted** EBITDA $56.2 $66.9 Adjusted** EBITDA Margin 18.3% 21.5% Adjusted** Diluted Earnings Per Share $0.71 $1.12 Includes tax benefit of $0.24 * Revenue includes unfavorable long-term pr
Slide 9: Q3 Machine Clothing Financials
Q3 MACHINE CLOTHING FINANCIALS (Millions USD) Q3 2025 Q3 2024 Revenue $175.0 $183.0 Adjusted* EBITDA $54.2 $60.8 Adjusted* EBITDA Margin 31.0% 33.2% * For a full reconciliation of GAAP to non-GAAP results, please refer to the appendix as well as the tables and Basis of Presentation included in the e
Slide 10: Q3 Engineered Composites Financials
Q3 ENGINEERED COMPOSITES FINANCIALS (Millions USD) Q3 2025 Q3 2024 Revenue* $86.5 $115.4 Adjusted** EBITDA $12.8 $13.3 Adjusted** EBITDA Margin 9.6% 10.3% * Revenue includes unfavorable long-term program accounting impacts of $46.0 million and $13.3 million in Q3 2025 and Q3 2024, respectively, for
Slide 11: Q3 Cash Flow and Balance Sheet
Q3 CASH FLOW AND BALANCE SHEET (Millions USD) Q3 2025 YTD Free Cash Flow $25.7 $30.0 R&D Spend $11.5 $35.9 Capex $18.3 $48.8 Share Repurchase $50.5 $171.0 albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page | Proprietary & Confidential 11
Slide 12: Guidance
GUIDANCE Withdrawing full-year guidance; Q4 2025 broadly consistent with recent trends Underlying trends persist into Q4 • Full-year guidance withdrawn pending outcome of strategic review of Structures business. Machine Clothing • Americas stable • The Company intends to reintroduce full-year 2026 g
Slide 13: Question and Answer
PROPRIETARY & CONFIDENTIAL QUESTION AND ANSWER This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liabilit
Slide 14: Appendix: GAAP to Non-GAAP Reconciliation (Q3 2025)
APPENDIX GAAP to non-GAAP reconciliation Three months ended September 30, 2025 Albany Engineered Corporate expenses Total (in thousands) Machine Clothing Composites and other Company Net revenues (GAAP) $ 174,950 $ 86,484 $ — $ 261,434 CH-53K revenue impact — 46,007 — 46,007 Adjusted net revenues (n
Slide 15: Appendix: GAAP to Non-GAAP Reconciliation (Q3 2024)
APPENDIX GAAP to non-GAAP reconciliation Three months ended September 30, 2024 Albany Engineered Corporate expenses Total (in thousands) Machine Clothing Composites and other Company Net revenues (GAAP) $ 183,033 $ 115,353 $ — $ 298,386 CH-53K revenue impact — 13,311 — 13,311 Adjusted net revenues (
Slide 16: Appendix: GAAP to Non-GAAP Reconciliation (Per Share)
APPENDIX GAAP to non-GAAP reconciliation Three months ended September 30, Nine months ended September 30, Per share amounts (Diluted) 2025 2024 2025 2024 Earnings per share attributable to Company shareholders - Basic (GAAP) $ (3.37) $ 0.58 $ (2.38) $ 2.24 Effect of dilutive stock-based compensation