Filing Flows › Albany International (AIN) › Q1 2025
Albany International (AIN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Albany International (AIN) reported revenue of $289M for the first quarter 2025 (Q1 2025), -8% from a year earlier and +0.7% from the quarter before. Operating margin was 9.8%, net earnings $17.3M (6.0% of revenue).
Albany International, Q1 2025: revenue $289M (-8% year over year), operating margin 9.8%, net earnings $17.3M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $289M | +0.7% | -8% |
| Gross profit | $96.5M | +7% | -11% |
| Operating profit | $28.3M | +16% | -27% |
| Net earnings | $17.3M | -2% | -37% |
| Operating cash flow | $2.1M | -97% | -78% |
What changed
Revenue was $288.8M in Q1 2025, down 8% year over year and up 1% from the previous quarter. Machine Clothing was the largest line at 60% of revenue. ASC lost $10.8M year over year (down 22%), 44% of the total change.
Gross margin was 33.4%, down 1.3 points from a year earlier. Operating profit was $28.3M, a 9.8% margin (down 2.7 points year over year). Operating expenses fell 2% while revenue fell 8%. Net earnings were $17.4M, down 36% year over year. The effective tax rate was 26.6%.
Operating cash flow was $2.1M (down 78% year over year), 12% of net earnings. Non-cash charges added back $21.3M of depreciation and amortization. Working capital and other items used $36.5M. Capital expenditures of $15.6M exceeded it, leaving free cash flow of −$13.5M.
Questions
What was Albany International's revenue in the first quarter 2025?
Albany International (AIN) reported revenue of $289M for the first quarter 2025 (Q1 2025), -8% from a year earlier and +0.7% from the quarter before.
Was Albany International profitable in the first quarter 2025?
Operating profit was $28.3M (9.8% of revenue) and net earnings $17.3M.