Albany International (NYSE:AIN) reported fourth-quarter results on Tuesday that exceeded revenue forecasts, as the company moved to streamline its portfolio by launching a strategic review of its structures assembly business.
The company posted fourth-quarter revenue of $321.2 million, a 12% increase year-over-year that significantly outpaced the analyst consensus of $295.2 million.
Net income for the quarter was $13.9 million, or $0.48 per share.
On an adjusted basis, earnings reached $0.65 per share, supported by strong performance in the Engineered Composites segment, which saw revenues jump 43% due to high demand for commercial LEAP engine components and F-35 defense programs.
The quarterly gains, however, were not enough to pull the company into the black for the full year.
Albany reported a fiscal 2025 net loss of $57.3 million, or $1.94 per share, on total revenue of $1.18 billion.
The annual deficit was primarily driven by a massive $46 million non-cash charge taken in the third quarter related to loss reserves and program adjustments for the CH-53K heavy-lift helicopter contract.