Michael Ciarmoli

Peter Arment

Chigusa Katoku

Jordan Lyonnais

Alexander Preston

Jack Ayers

Steve Tusa

- Albany International Corp. is exploring **strategic alternatives**, including a potential sale, for its structures assembly business at its Salt Lake City facility.  **[819793_76b7ef66749549d68c8048946c15d25e]** 
- The company expects to incur a **loss reserve adjustment of approximately $147 million** in the third quarter of 2025 due to higher labor costs and material inflation related to the CH-53K helicopter contract, which management states is not profitable as originally bid.  **[819793_76b7ef66749549d68c8048946c15d25e]** 
- This assembly business, part of the Albany Engineered Composites segment, generated approximately **$130 million in revenue** over the trailing twelve months ending September 30, 2025.  **[819793_76b7ef66749549d68c8048946c15d25e]** 
- Exiting this business would allow Albany International to focus on **higher-margin, advanced technology component opportunities** and enhance long-term profitability.  **[819793_76b7ef66749549d68c8048946c15d25e]**

Albany International Explores Sale of Structures Assembly Unit Amidst CH-53K Contract Losses

- **Albany International Corp.** is initiating a review of **strategic alternatives** for its structures assembly business, including a potential sale of all or part of the business.  **[819793_0001628280-25-046575_ain-20251028xex9911.htm:0]** 
- The company expects to recognize an approximately **$147 million loss reserve adjustment** in the third quarter of 2025, primarily due to higher labor and material costs associated with the **CH-53K contract**.  **[819793_0001628280-25-046575_ain-20251028xex9911.htm:0]** **[819793_0001628280-25-046575_ain-20251028.htm:1]** 
- This adjustment represents the **full anticipated loss** over the remaining eight-year life of the CH-53K program, as profitability is not achievable under the current contract terms.  **[819793_0001628280-25-046575_ain-20251028xex9911.htm:0]** 
- The structures assembly program, operated out of the Amelia Earhart Drive facility, is the **only one of its kind** within the Albany Engineered Composites (AEC) business segment, and the site generated approximately **$130 million of revenue** for the trailing twelve months ended September 30, 2025.  **[819793_0001628280-25-046575_ain-20251028xex9911.htm:0]** 
- The company plans to release its third-quarter 2025 results on **November 5, 2025**.  **[819793_0001628280-25-046575_ain-20251028xex9911.htm:0]** **[819793_0001628280-25-046575_ain-20251028xex9911.htm:1]**

ALBANY INTERNATIONAL CORP /DE/ (AIN)