Albany International

MC pricing is supported by mission‑critical performance, energy savings for mills, and customization, yet the 10‑K notes persistent customer pressure during consolidations and renegotiations, especially in Asia. That caps absolute pricing freedom even as product value is high.

AEC’s LEAP work is largely cost‑plus or governed by long‑term contracts, which stabilizes margins but limits discretionary price increases; margin improvement comes more from mix, learning curves, and design wins than list price hikes. The Q2 2026 step‑up in AEC adjusted EBITDA margin shows latent operating leverage rather than pure pricing.

Overall, Albany has moderate pricing power, stronger in MC and programmatically constrained in AEC.