Albany Intl to explore sale of structures assembly business; records $147M loss reserve on CH-53K

ALBANY INTERNATIONAL CORP /DE/

Reviewing strategic alternatives for structures assembly business, including potential sale of Salt Lake City facility.
Expects ~$147M loss reserve adjustment in Q3 2025 on CH-53K fixed-price contract due to labor and inflation.
CH-53K is the only structures assembly program in AEC segment; site generated ~$130M revenue in trailing 12 months.
Management says no path to profitability without contract changes; discussions ongoing with customer.
Q3 2025 earnings set for Nov 5 after market close; conference call on Nov 6.

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