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Reportable Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Company is organized based on the nature of its products and is composed of two reportable segments, Machine Clothing ("MC") and Albany Engineered Composites ("AEC"), each overseen by a segment president. These segments are reflective of how the Company's Chief Executive Officer, who is its Chief Operating Decision Maker ("CODM"), reviews operating results for the purpose of allocating resources and assessing performance. Our CODM evaluates each segment's performance based on metrics such as net revenues, gross profit, and other key financial data, to assess performance and allocate resources that align with company-wide goals. The Company has not aggregated operating segments for purposes of identifying reportable segments.

Machine Clothing:
The Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel products, nonwovens, fiber cement and for several other industrial applications. We sell our MC products directly to customer end-users in countries across the globe. Our products, manufacturing processes, and distribution channels are substantially the same in each region of the world in which we operate.
We design, manufacture, and market paper machine clothing (used in the manufacture of paper, paperboard, tissue and towel) for each section of the paper machine and for every grade of paper. Paper machine clothing products are customized, consumable products of technologically sophisticated design that utilize polymeric materials in a complex structure.
Albany Engineered Composites:
The Albany Engineered Composites segment provides highly engineered, advanced composite solutions to customers in the commercial and defense aerospace industries. The segment includes Albany Safran Composites, LLC (“ASC”), in which our customer, the SAFRAN Group (“SAFRAN”) owns a 10 percent noncontrolling interest. AEC, through ASC, is the exclusive supplier to the LEAP program of advanced composite fan blades and fan cases under a long-term supply contract, where revenue is determined by a cost-plus-fee agreement.
Other significant programs for AEC include the Sikorsky CH-53K, F-35, JASSM, and Boeing 787 programs. AEC also supplies vacuum waste tanks for the Boeing commercial programs, and specialty components for the Rolls Royce lift fan on the F-35, as well as the fan case for the GE9X engine. For the year ended December 31, 2025, approximately 35% of AEC's revenues were related to U.S. government contracts or programs.
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)MCAECCorporateTotal
Net revenues$165,952 $145,381 $— $311,333 
Cost of goods sold90,890 120,649 — 211,539 
Gross profit75,062 24,732 — 99,794 
Selling, general and administrative expenses33,249 11,586 13,464 58,299 
Technical and research expenses7,185 4,548 1,224 12,957 
Restructuring expenses, net2,676 — 489 3,165 
Operating income/(loss)$31,952 $8,598 $(15,177)$25,373 
Three Months Ended March 31, 2025
(in thousands)MCAECCorporateTotal
Net revenues$174,697 $114,077 $— $288,774 
Cost of goods sold94,795 97,493 — 192,288 
Gross profit79,902 16,584 — 96,486 
Selling, general and administrative expenses32,881 10,126 10,805 53,812 
Technical and research expenses7,243 3,674 979 11,896 
Restructuring expenses, net1,347 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)
20262025
Depreciation and amortization
Machine Clothing$8,302 $7,706 
Albany Engineered Composites8,787 13,295 
Corporate40 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)
20262025
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 
The following table presents assets by reportable segment:
(in thousands)
March 31, 2026December 31, 2025
Segment assets
Machine Clothing$674,978 $618,476 
Albany Engineered Composites440,869 491,802 
Reconciling items:
Cash122,557 112,350 
Income taxes prepaid and receivable, and Deferred income taxes108,350 112,436 
Prepaid expenses and other current assets, and Other assets96,013 89,862 
Assets held for sale$294,020 $293,783 
Consolidated total assets1,736,787 1,718,709 
The following table presents capital expenditures by reportable segment:
Three months ended March 31,
(in thousands)
20262025
Capital expenditures and purchased software
Machine Clothing$5,606 $6,232 
Albany Engineered Composites2,851 9,365 
Corporate833 — 
Total capital expenditures and purchased software$9,290 $15,597