SRSEC Reporting Desk

ALBANY INTERNATIONAL CORP /DE/ (AIN) – SEC staff letter

2025-12-15 · Re: Albany International Corp. Form 10-K for the Fiscal Year Ended December 31, 2024 Filed February 26, 2025 Form 8-K Filed November 5, 2025 · Accession 0000000000-25-011553 · 1 staff comment(s) issued

Company response(s): 2025-12-23

Non-GAAP: Adjustments & LabelsNon-GAAP: Reconciliation & UsefulnessEarnings per Share (ASC 260)

2025-12-15 · Albany International Corp. Form 10-K for the Fiscal Year Ended December 31, 2024 Filed February 26, 2025 Form 8-K Filed · Comment 1 · Reconciliations of Non-GAAP Financial Measures, page 8 Agreed to revise
Staff comment: We note you present several non-GAAP financial measures including Adjusted net revenues, Adjusted gross profit/(loss), Adjusted gross profit/(loss) margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, and Adjusted earnings per share attributable to the Company shareholders – diluted. We also note that these measures exclude the CH-53K loss contract reserve and program adjustments. Although disclosing the impact of material items on reported GAAP results is appropriate, it is not clear to us how you determined that presenting non-GAAP financial measures excluding this item is appropriate. Please revise future filings to remove this adjustment or explain to us how you… letter →
Company response: Albany International Corp. (the “Company” or “we”) respectfully submits the following response to the comment included in your letter of December 15, 2025 referenced above. For your convenience, your comment is repeated below in italics followed by the Company’s response. We note you present several non-GAAP financial measures including Adjusted net revenues, Adjusted gross profit/(loss), Adjusted gross profit/(loss) margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, and Adjusted earnings per share attributable to the Company shareholders – diluted. We also note that these measures exclude the CH-53K loss contract reserve and program adjustments. Although disclosing the… response letter →
Non-GAAP: Adjustments & LabelsNon-GAAP: Reconciliation & UsefulnessEarnings per Share (ASC 260)

Full letter on EDGAR → · Filing index · All ALBANY INTERNATIONAL CORP /DE/ (AIN) correspondence

Non-GAAP: Adjustments & Labels – what to check: Do not exclude normal, recurring cash operating expenses or use individually tailored recognition methods; label measures clearly (C&DI 100.01–100.04).

Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.

Earnings per Share (ASC 260) – what to check:

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