ALBANY INTERNATIONAL CORP /DE/

Founded in 1895, Albany International Corp. is a global leader in advanced textiles and materials processing specializing in designing and manufacturing high-performance engineered fabrics and composite components and assemblies that serve industries such as paper, industrial manufacturing, and aerospace. The terms the Registrant, the Company, Albany, we, us, or our mean Albany International Corp. and its subsidiaries, unless the context indicates another meaning. The following description of our business should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations within Item 7 of this Annual Report on Form 10-K, including the information contained therein under the heading Business Environment Overview and Trends. Business Segments The Company operates under two business segments: Machine Clothing and Albany Engineered Composites. Following is a table of Net revenues by segment for years ended December 31, 2025, 2024, and 2023. (in thousands) 2025 2024 2023 Machine Clothing $ 708,066 $ 749,907 $ 670,768 Albany Engineered Composites 474,747 480,708 477,141 Total net revenues $ 1,182,813 $ 1,230,615 $ 1,147,909 The table that sets forth certain segment financial performance metrics and selected balance sheet data appears in Note 3, Reportable Segments and Geographic Data, of the Notes to the Consolidated Financial Statements, in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.