ALBANY INTERNATIONAL CORP /DE/ responded to SEC staff comments on non-GAAP measures
Letter dated
2025-12-23; published on EDGAR 2026-09-16 — the
SEC releases comment letters only after the review closes.
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…
Evidence
Direction
company to staff
Letter dated
2025-12-23
Published on edgar
2026-09-16
Reviewing
Sec Comment Letter dated December 15, 2025 Albany International Corp. Form 10-K for the Fiscal Year Ended December 31, 2024 Form 8K Filed November 5, 2025 File
Source
Company response to SEC staff (CORRESP)
Topics
Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
ALBANY INTERNATIONAL CORP /DE/ responded to SEC staff comments on non-GAAP measures
Letter dated
2026-02-24; published on EDGAR 2026-09-16 — the
SEC releases comment letters only after the review closes.
Please revise your future filings to remove this adjustment. We acknowledge the Staff’s comment regarding the presentation of the CH-53K loss reserve within our non-GAAP measures and will remove this adjustment in future filings. As background, our objective in presenting the adjustment was to enhance transparency by isolating the contract loss of a business for which management has formally initiated a divestiture…
Evidence
Direction
company to staff
Letter dated
2026-02-24
Published on edgar
2026-09-16
Reviewing
SEC Comment Letter dated December 15, 2025 Albany International Corp. Form 10-K for the Fiscal Year Ended December 31, 2024 Form 8K Filed November 5, 2025 File
Source
Company response to SEC staff (CORRESP)
Topics
Non-GAAP measures, Revenue recognition
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
SEC staff questioned ALBANY INTERNATIONAL CORP /DE/'s accounting for non-GAAP measures
Letter dated
2025-12-15; published on EDGAR 2026-09-16 — the
SEC releases comment letters only after the review closes.
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…
Evidence
Direction
staff to company
Letter dated
2025-12-15
Published on edgar
2026-09-16
Reviewing
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 File No. 001-10026 Dear
Source
SEC staff comment letter (UPLOAD)
Topics
Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
SEC staff questioned ALBANY INTERNATIONAL CORP /DE/'s accounting for non-GAAP measures
Letter dated
2026-01-27; published on EDGAR 2026-09-16 — the
SEC releases comment letters only after the review closes.
Please revise your future filings to remove this adjustment.
Evidence
Direction
staff to company
Letter dated
2026-01-27
Published on edgar
2026-09-16
Reviewing
Albany International Corp. Form 10-K for the Fiscal Year Ended December 31, 2024 Form 8-K Filed November 5, 2025 Response Dated December 23, 2025 File No. 001-1
Source
SEC staff comment letter (UPLOAD)
Topics
Non-GAAP measures, Revenue recognition
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.