Albany posts adjusted EPS of $1.68 and revenue of $349.53 million
Key Facts
Albany International said adjusted earnings per share were $1.68 in the third quarter of 2026, beating analysts’ estimate of $1.23 by $0.45, according to data published by Investing.com on October 28. Revenue was $349.53 million, compared with a consensus estimate of $325.79 million. Both results exceeded the company’s ranges, which it raised in September, when it forecast adjusted EPS of $1.40 to $1.50 and revenue of $320 million to $330 million. The September update, which raised the earnings outlook while leaving the revenue forecast unchanged, thus became the backdrop for actual results that exceeded both ranges. The company had set adjusted EPS of $0.60 to $0.70 for the quarter in August before raising that range the following month.
The earnings-per-share result beat analysts’ estimate by $0.45, coming in at $1.68 versus the forecast of $1.23. On revenue, the company posted $349.53 million against consensus of $325.79 million, also exceeding the high end of its previous forecast of $330 million. The comparison with September guidance is significant because the company left its revenue forecast unchanged at the time, despite raising its adjusted EPS estimate to $1.40–$1.50. The previous earnings range of $0.60–$0.70 shows the scale of the revision the company made before reporting results. The reported third-quarter figures are actual results, unlike the previous estimates, which were forward-looking guidance.
Albany expects EPS of $0.65 to $0.75 in the fourth quarter of 2026, compared with analysts’ estimate of $0.70, according to the same data. The company also forecast quarterly revenue of $325–$335 million, versus analyst consensus of $333.10 million. The market estimate for earnings falls within the company’s range, as does the revenue estimate, which is near the top end of the stated range. The guidance follows third-quarter results that exceeded analyst estimates for earnings and revenue. The fourth quarter is the next period for which the company provided specific financial ranges.
On the operational front, the company announced on September 1 that it had completed its strategic review of the Amelia Earhart Drive facility, citing an amended CH-53K program agreement, new business wins and improved site profitability. Albany decided to retain the facility, concluding the review it had previously announced. The move provides context for the company’s work on the program, while the available facts include no detailed figures on the value of the new business or the extent of the improvement in site profitability. The facility review and amended agreement also form part of the backdrop to the period before the third-quarter results. The available information from the company did not provide a quantitative breakdown linking these developments directly to the size of the earnings beat.
Albany shares closed at $62.70 on October 27, according to EL7 data, then closed at $62.47 on October 28, the day results were announced after the market close, according to Investing.com. The figures reflect closes on two consecutive days, while the available facts included no daily percentage change or direct link between the share-price movement and the results. The company had scheduled a call to discuss its third-quarter results for October 29, after the figures were published, rather than to announce the results for the first time. The call is expected to allow further discussion of the results and the new fourth-quarter guidance.