Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Reportable Segment Data

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 March 31, 2026
(in thousands)	MC		AEC		Corporate		Total
Net revenues	$	165,952	$	145,381	$	—	$	311,333
Cost of goods sold	90,890		120,649		—		211,539
Gross profit	75,062		24,732		—		99,794
Selling, general and administrative expenses	33,249		11,586		13,464		58,299
Technical and research expenses	7,185		4,548		1,224		12,957
Restructuring expenses, net	2,676		—		489		3,165
Operating income/(loss)	$	31,952	$	8,598	$	(15,177)	$	25,373

	Three Months Ended March 31, 2025
(in thousands)	MC		AEC		Corporate		Total
Net revenues	$	174,697	$	114,077	$	—	$	288,774
Cost of goods sold	94,795		97,493		—		192,288
Gross profit	79,902		16,584		—		96,486
Selling, general and administrative expenses	32,881		10,126		10,805		53,812
Technical and research expenses	7,243		3,674		979		11,896
Restructuring expenses, net	1,347		1,168		—		2,515
Operating income/(loss)	$	38,431	$	1,616	$	(11,784)	$	28,263

Schedule of Depreciation and Amortization Expenses:

	Three months ended March 31,
(in thousands)	2026		2025
Depreciation and amortization
Machine Clothing	$	8,302	$	7,706
Albany Engineered Composites	8,787		13,295
Corporate	40		290
Consolidated depreciation and amortization	$	17,129	$	21,291

As a result of the Amelia Earhart Drive facility meeting the held-for-sale accounting criteria, the facility's assets and liabilities were classified as held-for-sale in the consolidated balance sheets as of December 31, 2025 and March 31, 2026. Upon classification as held for sale, the Company ceased depreciation and amortization of the related long-lived assets in accordance with applicable accounting guidance.

Reconciliation of Operating Income/(loss) to Income before income taxes:

	Three months ended March 31,
(in thousands)	2026		2025
Consolidated Operating income/(loss)	$	25,373	$	28,263
Reconciling items:
Interest income	(882)		(1,638)
Interest expense	6,349		5,293
Other (income)/expense, net	(3,193)		983
Income before income taxes	$	23,099	$	23,625

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets by reportable segment:

(in thousands)	March 31, 2026		December 31, 2025
Segment assets
Machine Clothing	$	674,978	$	618,476
Albany Engineered Composites	440,869		491,802
Reconciling items:
Cash	122,557		112,350
Income taxes prepaid and receivable, and Deferred income taxes	108,350		112,436
Prepaid expenses and other current assets, and Other assets	96,013		89,862
Assets held for sale	$	294,020	$	293,783
Consolidated total assets	1,736,787		1,718,709

The following table presents capital expenditures by reportable segment:

	Three months ended March 31,
(in thousands)	2026		2025
Capital expenditures and purchased software
Machine Clothing	$	5,606	$	6,232
Albany Engineered Composites	2,851		9,365
Corporate	833		—
Total capital expenditures and purchased software	$	9,290	$	15,597