Albany International explores strategic alternatives to structures assembly unit

Albany International (AIN) announced that it is exploring strategic alternatives for its structures assembly business, including a potential sale of all or a part of the business at the Amelia Earhart Drive Facility in Salt Lake City. Albany further expects to recognize an approximately $147M loss reserve adjustment in the third quarter of 2025 primarily related to greater than planned labor content and higher material inputs due to inflation associated with performance of the CH-53K contract inclusive of change in contract estimates. As part of the strategic alternatives, Albany is in ongoing discussions with its customer about potential contract modifications to offset these cost increases. This program, which is the only structure assembly program within the Albany Engineered Composites business segment, is operated out of the Amelia Earhart Drive facility in Salt Lake City, and is part of Albany Aerostructures Composites, a wholly-owned subsidiary. In addition to the structure assembly work for the program, the site also manufactures advanced composite parts for the CH-53K and other commercial and defense programs. The entire site generated approximately $130M of revenue, after EAC charges, for the trailing twelve months that ended September 30.