---
schema_version: "secwatch.filing_event.v1"
accession: "0000819793-24-000070"
form_type: "8-K"
ticker: "AIN"
cik: "0000819793"
company_name: "ALBANY INTERNATIONAL CORP /DE/"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:43:09.400663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Albany International Q3 net income falls to $18M; revenue up 6.1% to $298M

## Summary
- Net revenue $298M (+6.1% YoY); MC $183M (+9.9% on Heimbach), AEC $115M (flat).
- Operating income $25M vs $40M prior year; AEC gross margin fell to 1.3% from 19.7% on EAC adjustments.
- GAAP diluted EPS $0.57 (vs $0.87); adj. diluted EPS $0.80 (vs $1.02).
- FY2024 guidance: rev $1.23-1.25B, adj. diluted EPS $3.10-$3.30, adj. EBITDA $237-247M.
- Free cash flow YTD $78M; net debt $235M, net leverage 0.91x.

## SEC filing metadata
- accession: 0000819793-24-000070
- form_type: 8-K
- ticker: AIN
- cik: 0000819793
- company_name: ALBANY INTERNATIONAL CORP /DE/
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/819793/000081979324000070/0000819793-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/819793/000081979324000070/ain-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000819793-24-000070
- JSON: https://secwatch.observer/filing/0000819793-24-000070.json
- Plain text: https://secwatch.observer/filing/0000819793-24-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.