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Reportable Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables show data by reportable segment that is regularly provided to the CODM, reconciled to consolidated totals included in the financial statements along with other segment data:
Reconciliation of Net Revenues to Operating Income(loss):
Three Months Ended June 30, 2025
(in thousands)MCAECCorporateTotal
Net revenues$180,926 $130,473 $— $311,399 
Cost of goods sold$97,167 $116,725 $— $213,892 
Gross profit$83,759 $13,748 $— $97,507 
Selling, general and administrative expenses$35,669 $11,777 $11,056 $58,502 
Technical and research expenses$7,373 $4,125 $1,054 $12,552 
Restructuring expenses, net$3,015 $520 $648 $4,183 
Operating income/(loss)$37,702 $(2,674)$(12,758)$22,270 

Three Months Ended June 30, 2024
(in thousands)MCAECCorporateTotal
Net revenues$193,578 $138,416 $— $331,994 
Cost of goods sold$104,705 $114,906 $— $219,611 
Gross profit$88,873 $23,510 $— $112,383 
Selling, general and administrative expenses$30,569 $12,786 $12,160 $55,515 
Technical and research expenses$7,504 $4,356 $— $11,860 
Restructuring expenses, net$1,066 $922 $115 $2,103 
Operating income/(loss)$49,734 $5,446 $(12,275)$42,905 

Six Months Ended June 30, 2025
(in thousands)MCAECCorporateTotal
Net revenues$355,623 $244,550 $— $600,173 
Cost of goods sold$191,962 $214,218 $— $406,180 
Gross profit$163,661 $30,332 $— $193,993 
Selling, general and administrative expenses$68,550 $21,903 $21,861 $112,314 
Technical and research expenses$14,616 $7,799 $2,033 $24,448 
Restructuring expenses, net$4,362 $1,688 $648 $6,698 
Operating income/(loss)$76,133 $(1,058)$(24,542)$50,533 

Six Months Ended June 30, 2024
(in thousands)MCAECCorporateTotal
Net revenues$378,795 $266,529 $— $645,324 
Cost of goods sold$205,267 $218,988 $— $424,255 
Gross profit$173,528 $47,541 $— $221,069 
Selling, general and administrative expenses$63,336 $24,326 $22,688 $110,350 
Technical and research expenses$15,024 $9,501 $— $24,525 
Restructuring expenses, net$1,087 $3,110 $115 $4,312 
Operating income/(loss)$94,081 $10,604 $(22,803)$81,882 
Schedule of Depreciation and Amortization Expenses:
Three months ended June 30,Six months ended June 30,
(in thousands)
2025202420252024
Depreciation and amortization
Machine Clothing$7,973 $8,498 $15,679 $17,009 
Albany Engineered Composites13,455 13,601 26,750 27,104 
Corporate323 290 613 580 
Consolidated depreciation and amortization$21,751 $22,389 $43,042 $44,693 

Reconciliation of Operating Income to Income before income taxes:
Three months ended June 30,Six months ended June 30,
(in thousands)
2025202420252024
Operating income
Machine Clothing$37,702 $49,734 $76,133 $94,081 
Albany Engineered Composites(2,674)5,446 (1,058)10,604 
Corporate(12,758)(12,275)(24,542)(22,803)
Consolidated Operating income$22,270 $42,905 $50,533 $81,882 
Reconciling items:
Interest income(1,405)(959)(3,043)(2,082)
Interest expense
6,555 3,909 11,848 8,351 
Other (income)/expense, net3,534 5,657 4,517 2,675 
Income before income taxes$13,586 $34,298 $37,211 $72,938 
Schedule of Operating Assets and Capital Expenditures by Reporting Segment
The following table presents assets by reportable segment:
(in thousands)
June 30, 2025December 31, 2024
Segment assets
Machine Clothing$641,199 $600,603 
Albany Engineered Composites$769,069 $736,306 
Reconciling items:
Cash$106,689 $115,283 
Income taxes prepaid and receivable, and Deferred income taxes53,981 47,944 
Prepaid expenses and other current assets, and Other assets152,515 148,560 
Consolidated total assets$1,723,453 $1,648,696 
The following table presents capital expenditures by reportable segment:
Six months ended June 30,
(in thousands)
20252024
Capital expenditures and purchased software
Machine Clothing$13,010 $12,092 
Albany Engineered Composites17,521 34,564 
Total capital expenditures and purchased software$30,531 $46,656