Paper Machine Clothing (PMC) products (MC segment)
“10-K Item 1: 'PMC product revenues accounted for more than 80% of MC's segment Net revenues.'”
Updated
The most significant concentration Albany International Corporatio discloses is Paper Machine Clothing (PMC) products (MC segment) at 80%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Albany International Corporatio’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'PMC product revenues accounted for more than 80% of MC's segment Net revenues.'”
“10-K Item 1A: 'AEC currently relies on single suppliers under contracts we have with SAFRAN to meet the carbon fiber and carbon resin requirements for the LEAP program.'”
“10-K Item 1: 'In 2025, approximately 35% of the AEC segment's revenues were related to U.S. government contracts or programs.'”
“10-K Item 1: 'AEC's largest aerospace customer is SAFRAN and sales to SAFRAN (consisting primarily of fan blades and cases for CFM's LEAP engine) accounted for approximately 15% of the Company's consolidated net revenues in 2025.'”
Albany International's concentration risks split across two segments with different characters. In Machine Clothing, PMC products account for more than 80% of segment net revenues — a high-share, structural exposure reflecting the segment's core business rather than dependence on any single counterparty. In Aerospace (AEC), the picture is more customer- and supplier-driven: U.S. government contracts or programs represented approximately 35% of AEC segment revenues, a medium-share dependency tied to government program funding and procurement cycles. SAFRAN, AEC's largest aerospace customer, accounted for approximately 15% of the company's consolidated net revenues — a low-share but named-counterparty dependency. Layered on top is a supply-side exposure: AEC relies on single suppliers under contract with SAFRAN for the carbon fiber and carbon resin required for the LEAP program, a high-share dependency where a disruption at that single source could directly constrain production for a program the company also sells into as a customer. Together, these exposures suggest the segment-defining PMC concentration is the least likely to move the investment case on its own, while the AEC customer and single-source supplier exposures are more idiosyncratic and warrant closer monitoring, particularly given SAFRAN's dual role as both customer and gatekeeper to a critical input.
For the engine’s reasoning on AIN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AIN● | Albany International Corporatio | 2 | 1 | 1 | 4 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.