Restructuring

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

At MC, restructuring actions were taken throughout 2024 and 2025 in order to cease operations at several facilities. Prior year actions at the Company's MC forming fabric manufacturing facility in Chungju, South Korea, at the Company's Heimbach engineered fabric manufacturing facility in Rochdale, UK, and at the Company's Heimbach paper machine clothing facility in Olten, Switzerland, concluded in 2025. Additional actions were announced in 2025 to close engineered fabric facilities in Ballo, Italy and Saint Junien, France as well as a facility in Manchester, United Kingdom. These actions drove $8.3 million of restructuring charges during 2025, compared to $9.5 million in 2024, a decrease that is primarily due to the timing of the announced actions. Restructuring expenses were a result of workforce reductions, fixed asset impairments, and related costs. The Company incurred an additional $0.3 million recorded in Costs of goods sold due to the write-off of inventory compared to $1.7 million in 2024. We expect to incur additional restructuring expenses related to these actions into 2026.

At AEC, restructuring activities were related to reductions in the workforce at various AEC locations, which resulted in restructuring expenses of $3.3 million for the year ended 2025 and $3.6 million for the year ended 2024.

Restructuring expenses incurred at MC and AEC during 2023 were not significant.

The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net” and "Cost of goods sold":


Year ended December 31, 2025 (in thousands)	Total restructuring costs incurred		Termination and other costs - restructuring		Impairment of assets - Cost of goods sold
Machine Clothing	$	8,511	$	8,255	$	256
Albany Engineered Composites	3,259		3,259		—
Corporate	2,168		2,168		—
Total restructuring expense	$	13,938	$	13,682	$	256


Year ended December 31, 2024 (in thousands)	Total restructuring costs incurred		Termination and other costs - restructuring		Impairment of assets - Cost of goods sold
Machine Clothing	$	11,165	$	8,298	$	2,867
Albany Engineered Composites	3,649		3,649		—
Corporate	329		329		—
Total restructuring expense	$	15,143	$	12,276	$	2,867


Year ended December 31, 2023 (in thousands)	Total restructuring costs incurred		Termination and other costs		Impairment of assets - Cost of goods sold
Machine Clothing	$	282	$	282	$	—
Albany Engineered Composites	—		—		—
Corporate	—		—		—
Total restructuring expense	$	282	$	282	$	—

The table below presents the changes in restructuring liabilities for 2025 and 2024:


(in thousands)	December 31, 2024		Restructuring charges accrued		Payments and Other		December 31, 2025
Total termination and other costs	$	4,996	$	13,682	$	(15,912)	$	2,766

As of December 31, 2025, we expect that the total $2.8 million of Accrued liabilities for restructuring will be paid within one year.


(in thousands)	December 31, 2023		Restructuring charges accrued		Payments and Other		December 31, 2024
Total termination and other costs	$	—	$	12,276	$	(7,280)	$	4,996