earnings
confidence high
sentiment negative
materiality 0.85
Albany Intl posts Q3 net loss of $97.8M on CH-53K charges; strategic review of structures assembly
ALBANY INTERNATIONAL CORP /DE/
2025-Q3 EPS reported
-$2.38
revenue$861,607,000
- Net loss of $97.8M ($3.37/diluted) vs net income of $18.0M ($0.57/diluted); includes $147.3M pre-tax CH-53K loss reserve.
- Adjusted net income of $20.6M ($0.71/diluted) vs $35.2M ($1.12/diluted); revenue $261.4M, down from $298.4M.
- Initiated strategic review of structures assembly business; definitive agreement to conclude Gulfstream contract by year-end.
- Withdrew full-year 2025 guidance; intends to reintroduce FY2026 guidance with Q4 results.
- Repurchased $50.5M of common stock, paid $8.0M dividends, invested $18.3M capex in Q3; dividend $0.27/share.
item 2.02item 9.01