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<SEC-DOCUMENT>0001157523-10-002831.txt : 20100506
<SEC-HEADER>0001157523-10-002831.hdr.sgml : 20100506
<ACCEPTANCE-DATETIME>20100505175137
ACCESSION NUMBER:		0001157523-10-002831
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100505
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100506
DATE AS OF CHANGE:		20100505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALBANY INTERNATIONAL CORP /DE/
		CENTRAL INDEX KEY:			0000819793
		STANDARD INDUSTRIAL CLASSIFICATION:	BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221]
		IRS NUMBER:				140462060
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10026
		FILM NUMBER:		10803208

	BUSINESS ADDRESS:	
		STREET 1:		1373 BROADWAY
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12204
		BUSINESS PHONE:		5184452200

	MAIL ADDRESS:	
		STREET 1:		1373 BROADWAY
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12204

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALBINT INC
		DATE OF NAME CHANGE:	19870924
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6278790.htm
<DESCRIPTION>ALBANY INTERNATIONAL CORP. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-size: 13pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 11pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 OR 15(d) of the Securities Exchange Act of 1934</b></font><br><br>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Date of
      Report (Date of earliest event reported): &#160;&#160;&#160;&#160;&#160;May 5, 2010</font><br>
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 14pt; font-family: Times New Roman"><b>ALBANY
            INTERNATIONAL CORP.</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Exact
            name of registrant as specified in its charter)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; width: 34%; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-10026</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; width: 33%; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>14-0462060</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 34%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 65%; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1373 Broadway, Albany, New York </b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; width: 35%; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>12204</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 65%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 35%; text-align: center">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code &#160;&#160;&#160;&#160;&#160;&#160;(518) 445-2200</font>
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          None
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Former name or former address, if changed since last report.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      On May 5, 2010, Albany International issued a news release reporting
      first quarter 2010 financial results.&#160;&#160;A copy of the news release is
      furnished as Exhibit 99.1 to this report.
    </p>
    <p>
      <br>
      <b>Item 9.01.&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b>(d)&#160;&#160;Exhibits.&#160;&#160;The
      following exhibit is being furnished herewith:
    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;99.1&#160;&#160;&#160;&#160;&#160;News release dated May 5, 2010 reporting
      first quarter 2010 financial results.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Signature</b></font>
    </p>
    <p style="text-align: left">
      <br>
      <br>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-align: left">
      <br>
      <br>

    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ALBANY INTERNATIONAL CORP.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">

        </td>
        <td style="width: 40%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 40%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 4%; text-align: left">
          By:
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 51%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>/s/ Michael K. Burke</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name: Michael K. Burke
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 40%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Title: Senior Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Principal Financial Officer)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 40%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            May 5, 2010
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
</html>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6278790-ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Albany
      International Reports First-Quarter Results</b></font>
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>First-Quarter
      Highlights</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Net
        income per share was $0.14 in the first quarter of 2010, including
        restructuring charges of $0.07 per share.</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Net
        loss per share was $0.63 in the first quarter of 2009, including
        restructuring charges of $0.51, and a gain of $0.06 related to an
        extinguishment of debt.</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Q1 2010
        net sales were $213.9 million, an increase of 2.2 percent compared to
        Q1 2009.</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>EBITDA
        was $26.2 million in the first quarter of 2010, compared to $2.0
        million in the first quarter of 2009. Q1 2010 EBITDA was reduced by
        restructuring charges of $3.1 million. EBITDA in Q1 2009 was reduced
        by $17.2 million related to restructuring charges, while a gain on
        extinguishment of debt improved EBITDA by $2.8 million.</b></font>
      </li>
    </ul>
    <p>
      ALBANY, N.Y.--(BUSINESS WIRE)--May 5, 2010--Albany International Corp.
      (NYSE:AIN) reported first-quarter net income of $4.3 million ($0.14 per
      share). U.S. GAAP restructuring charges of $3.1 million reduced net
      income by $0.07 per share. For the first quarter of 2009, net loss per
      share was $18.9 million ($0.63 per share) and included U.S. GAAP
      restructuring charges of $17.2 million ($0.51 per share) and a gain of
      $2.8 million ($0.06 per share) related to an extinguishment of debt (see
      non-GAAP disclosures below for earnings per share effects in Tables 5
      and 6).
    </p>
    <p>
      Net sales for Q1 2010 were $213.9 million, an increase of 2.2 percent
      compared to the first quarter of 2009. Excluding the effect of changes
      in currency translation rates, net sales in the first quarter of 2010
      decreased 2.2 percent as compared to Q1 2009, as shown below:
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Table 1
          </p>
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            (in thousands)
          </p>
        </td>
        <td valign="bottom" colspan="2" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Net Sales<br>Three Months ended<br>March 31,
          </p>
        </td>
        <td>

        </td>
        <td rowspan="2" valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Percent<br>Change
          </p>
        </td>
        <td>

        </td>
        <td rowspan="2" valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Impact of<br>Changes<br>in Currency<br>Translation<br>Rates
          </p>
        </td>
        <td>

        </td>
        <td rowspan="2" valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Percent Change<br>excluding<br>Currency Rate<br>Effect
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2010
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2009
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Paper Machine Clothing
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $144,408
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $139,074
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          3.8%
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $5,291
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          0.0%
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Albany Door Systems
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          33,755
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          34,326
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -1.7
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,683
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -9.5
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Engineered Fabrics
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          21,441
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          21,570
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          - 0.6
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          1,223
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -6.3
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Engineered Composites
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          8,641
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          9,085
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -4.9
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -4.9
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          PrimaLoft<sup>&#174;</sup> Products
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          5,628
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          5,150
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          9.3
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          78
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          7.8
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Total
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $213,873
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $209,205
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2.2%
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $9,275
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -2.2%
        </td>
      </tr>
    </table>
    </div>
    <p>
      Gross profit was 36.1 percent of net sales in the first quarter of 2010,
      compared to 33.5 percent in the same period of 2009. The improvement was
      principally due to cost reductions resulting from previously announced
      restructuring and performance-improvement initiatives. Q1 2010 expenses
      included $3.7 million of costs associated with the wind-down of the
      restructuring: $1.5 million for equipment relocations and $2.2 million
      of idle-capacity costs. The Company expects these residual costs from
      restructuring to continue at a comparable level in Q2 and be
      substantially eliminated by the end of Q3 2010. Equivalent costs in Q1
      2009 were $2.0 million for equipment relocations and $3.1 million for
      idle-capacity.
    </p>
    <p>
      Selling, technical, general, and research (STG&amp;R) expenses were $66.1
      million, or 30.9 percent of net sales, in the first quarter of 2010. Q1
      2010 STG&amp;R included expenses of $1.1 million related to the SAP
      implementation, which the Company expects to continue through the second
      quarter of 2011. Costs related to the U.S. pension and postretirement
      plans were $1.9 million higher in Q1 2010 compared to Q1 2009, and are
      expected to continue at that level throughout 2010. STG&amp;R expenses were
      $67.6 million, or 32.3 percent of net sales, in the first quarter of
      2009, including $2.2 million related to the SAP implementation. In the
      first quarter of 2009, STG&amp;R expenses included income of $1.9 million
      related to the revaluation of non-functional currency assets and
      liabilities.
    </p>
    <p>
      Operating income was $8.0 million in the first quarter of 2010, compared
      to a loss of $14.8 million for the same period of 2009.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The following table presents first-quarter segment operating income:
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Table 2
          </p>
        </td>
        <td colspan="2">

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          Operating Income/(loss)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          Three Months ended
        </td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (in thousands)
          </p>
        </td>
        <td valign="top" colspan="4" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center">
          March 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="2" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2010
          </p>
        </td>
        <td valign="bottom" colspan="2" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2009
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Paper Machine Clothing
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $25,076
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $7,261
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Albany Door Systems
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,884
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          228
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Engineered Fabrics
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,521
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          3,655
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Engineered Composites
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (2,229
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (2,508
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          PrimaLoft<sup>&#174;</sup> Products
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,069
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          1,089
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Research expenses
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (5,811
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (5,610
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Unallocated expenses
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (16,470
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (18,882
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Total
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $8,040
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          ($14,767
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
    </table>
    </div>
    <p>
      First-quarter segment operating income included the following U.S. GAAP
      restructuring charges:
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Table 3
          </p>
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: center">
          Restructuring charges
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: center">
          Three Months ended
        </td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (in thousands)
          </p>
        </td>
        <td valign="top" colspan="3" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center">
          March 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2010
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2009
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Paper Machine Clothing
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $4,007
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $15,609
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Albany Door Systems
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          28
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          148
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          PrimaLoft<sup>&#174;</sup> Products
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          42
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Unallocated expenses
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (922
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          1,380
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Total
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $3,113
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $17,179
        </td>
      </tr>
    </table>
    </div>
    <p>
      Q1 2010 U.S. GAAP restructuring charges were $3.1 million, all of which
      are attributable to restructuring actions taken in 2009. Included in Q1
      restructuring was a $1.7 million charge to correct an error in the
      actuarial calculation of a curtailment gain that had been reported in Q4
      2009. The Company assessed the impact of this adjustment on 2010 and
      2009 and determined that the effect of this adjustment was not material
      to either period. The Q1 2010 restructuring charge also included a
      benefit plan curtailment gain of $0.9 million, and a non-cash charge of
      $1.2 million to write down property, plant, and equipment related to
      previously announced reductions in manufacturing capacity.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Q1 2010 other income/expense, net, was income of $2.3 million, including
      a $2.8 million gain related to revaluation of non-functional currency
      intercompany balances. Other income/expense, net, in Q1 2009 was expense
      of $0.2 million, including a gain of $2.8 million ($0.06 per share)
      related to the extinguishment of debt, and losses of $1.5 million
      related to the revaluation of non-functional currency intercompany
      balances.
    </p>
    <p>
      EBITDA was $26.2 million in the first quarter of 2010, compared to $2.0
      million in the first quarter of 2009. Q1 2010 EBITDA was reduced by
      restructuring charges of $3.1 million. EBITDA in Q1 2009 was reduced by
      $17.2 million related to restructuring charges, while the gain on
      extinguishment of debt improved EBITDA by $2.8 million (see Table 4).
    </p>
    <p>
      First-quarter 2010 income tax expense of $2.2 million reflects a tax
      rate of 34.5 percent, which is based on the Company&#8217;s 2010 estimate of
      income and loss by country (see CFO Comments).
    </p>
    <p>
      Net cash provided by operating activities was $16.9 million, reflecting
      payments for restructuring activities of $9.7 million. Additional cash
      payments for the remaining restructuring accruals of about $11 million
      are anticipated to be made over the next few quarters. Net cash used in
      operating activities was $11.5 million in the first quarter of 2009,
      reflecting payments for restructuring activities of $8.4 million.
    </p>
    <p>
      Capital spending was $6.8 million for the first quarter of 2010.
      Depreciation and amortization were $13.9 million and $1.9 million,
      respectively. In 2010, we expect capital expenditures to be about
      $50-$60 million, which includes carryover effects of delayed capital
      spending from 2009, and depreciation and amortization are expected to be
      $58 million and $8 million, respectively.
    </p>
    <p>
      <b>CEO Comments</b>
    </p>
    <p>
      President and CEO Joe Morone said, &#8220;As we discussed in our Q4 2009
      earnings release, Q1 revenues are usually dampened by seasonal effects
      in PMC, most notably the weak inflow of sales into January due to
      slowing shipments at the end of December. The effect was particularly
      strong this year; January was the weakest PMC sales month in recent
      memory. As a result, Q1 2010 consolidated sales were comparable to sales
      in Q1 2009. But if aggregate sales levels were similar, the underlying
      sales and order trends were not. In Q1 2010, sales strengthened sharply
      as the quarter progressed, orders were well ahead of sales, and last
      year&#8217;s pace and business conditions in our end-markets were clearly more
      favorable than a year ago. And despite the soft sales, profitability
      continued to show sustained strength, particularly in PMC, Doors, and
      PrimaLoft.
    </p>
    <p>
      &#8220;In PMC, global sales were only 3.8 percent higher than Q1 2009;
      excluding exchange rate effects, sales were flat. The weakest spot for
      PMC in Q1 was Europe, where sales were down 9 percent compared to the
      previous year. This weakness was offset by quarter-to-quarter sales
      increases of 52 percent in Asia-Pacific and 2 percent in the Americas.
      Most of our other businesses followed a similar pattern. In Doors, sales
      lagged Q1 2009 by 2 percent; in EF, sales were down 1 percent for the
      same period; and in AEC, sales were down 5 percent against Q1 2009.
      PrimaLoft was the one exception with sales 9 percent ahead of last year.
    </p>
    <p>
      &#8220;In contrast to sales, orders in Q1 2010 were well ahead of Q1 2009. In
      PMC, orders can be an imprecise indicator of future sales, and in Q1
      2010, they may have been inflated by inventory restocking by our
      customers. Nonetheless, Q1 2010 orders in PMC were 23 percent higher
      globally than in Q1 2009. Orders were especially strong in Asia-Pacific,
      increasing 64 percent above orders in Q1 2009, when that region hit
      bottom. In the Americas and Europe, orders were 18 percent and 22
      percent higher, respectively. In Doors, EF, and PrimaLoft, orders were
      40 percent, 20 percent, and 20 percent, respectively, ahead of Q1 2009.
      And at AEC, the one-year order backlog is almost double what it was at
      the end of Q1 2009, and the short-term outlook is for a sharp increase
      in sales.
    </p>
    <p>
      &#8220;Turning from sales and orders to profitability, now that the three-year
      restructuring and performance-improvement program is over, the impact of
      the costs associated with that program on the Company&#8217;s EBITDA continues
      to decline. Excluding only U.S. GAAP restructuring charges, EBITDA in Q1
      2010 was $29.3 million; this includes $4.8 million for equipment
      relocation, idle-capacity, and SAP implementation costs. The comparable
      result for Q1 2009 was EBITDA of $19.2 million, which included $7.3
      million for equipment relocation, idle-capacity, and SAP implementation
      costs, and a gain of $2.8 million related to an extinguishment of debt.
    </p>
    <p>
      &#8220;These results are consistent with the conclusions that we reached in
      our Q4 2009 earnings release: (a) we are operating at fundamentally
      higher levels of profitability than we were before the recession; (b)
      these levels of profitability are proving to be sustainable, even with
      sales more than 20 percent below pre-recession levels; and (c) given
      this fundamentally lower cost structure, we would expect that
      incremental improvements in revenue will generate disproportionately
      larger improvements in EBITDA.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;Q1 results leave one important question unanswered: what levels of
      revenue should investors expect as our end-markets continue to recover
      from the recession? Given the seasonal effects, abnormally low January
      sales, and the strong order patterns, it is clear that Q1 sales do not
      provide a reliable indication. Historically, Q2 is generally free of
      negative seasonal effects, and it should also be free of any inventory
      effects that could have inflated Q1 order levels. Barring any unusual
      disruptions to economic activity, Q2 should provide a good indication of
      the post-recession, near-term revenue potential in PMC, Doors, EF, and
      PrimaLoft.
    </p>
    <p>
      &#8220;Q2 will also be a good test of AEC&#8217;s short-term ability to ramp up
      sharply, as several key programs are simultaneously growing or
      transitioning to production. Provided AEC meets its internal production
      targets based on current customer demands, we should see a sharp
      increase in sales and a swing to positive EBITDA. A key milestone with
      longer term implications will also likely have been passed by the time
      of the Q2 earnings release. Airbus is likely to have announced its
      decision on whether to re-engine the A320, and if so, with which engines.
    </p>
    <p>
      &#8220;In sum, while sales were weak in Q1, sales strengthened as the quarter
      progressed and orders were strong. And Q1 profitability reinforces the
      conclusion that Albany International is a fundamentally more profitable
      company than it was before the recession, and that any incremental
      improvement in sales should generate a disproportionately larger
      increase in EBITDA.&#8221;
    </p>
    <p>
      <b>CFO Comments</b>
    </p>
    <p>
      CFO Michael Burke commented, &#8220;Despite a weak sales quarter and $10
      million of restructuring payments, we still generated $17 million of
      cash from operations. Cash from operations in Q1 benefited from reduced
      inventory levels, as dedicated program management in operations
      continues to drive for efficiencies. Inventory as a percentage of net
      sales declined from 20 percent at the end of Q4 to 18 percent at the end
      of Q1. In addition, accounts receivable balances declined in the quarter
      as a percentage of sales from 19 percent to 17 percent, partly due to
      improved collections. Our Days Sales in Accounts Receivable ratio
      improved from 72 days in Q1 2009 to 62 days by Q1 2010; and sequentially
      held at 62 days from Q4 2009.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;Cash generated from operations during Q1 allowed us to fund capital
      expenditures, restructuring, strategic investments, and dividends with
      little change to our net debt position. Our overall liquidity to support
      our business objectives remains more than adequate, with about $102
      million in cash balances, plus another $50 million of cash surrender
      value in our life insurance policies at the end of the first quarter
      2010, in addition to $133 million of availability under our bank credit
      agreement. Market conditions continue to improve and favorably position
      us for obtaining competitive terms for refinancing our current credit
      agreement sometime in the second-half of 2010. Terms and conditions will
      likely include higher costs of borrowing. The existing terms of our
      agreement do not expire until April 2011.
    </p>
    <p>
      &#8220;As noted, our effective tax rate during the quarter was 34.5 percent as
      compared to our previous estimate of about 20 percent for 2010. While we
      are planning for the effective tax rate to remain at this level for the
      rest of the year, the Company is actively working toward a resolution of
      tax contingencies in certain jurisdictions that could lower this
      effective rate.
    </p>
    <p>
      &#8220;The higher tax rate in Q1 2010 was primarily due to a shift in the
      distribution of income toward higher-tax jurisdictions; the Company&#8217;s
      current inability under U.S. GAAP to recognize certain tax benefits from
      current losses in certain high-tax jurisdictions; and the recent
      expiration of certain provisions in the U.S. tax code relating to R&amp;D
      credits and the deferred taxation of income generated by controlled
      foreign subsidiaries. These three matters are not expected to have a
      material effect on cash taxes at any time during 2010.&#8221;
    </p>
    <p>
      The Company plans a live webcast to discuss first-quarter 2010 financial
      results on Thursday, May 6, 2010, at 9:00 a.m. Eastern Time. For access,
      go to <u>www.albint.com</u>.
    </p>
    <p>
      Albany International is a global advanced textiles and materials
      processing company. Its core business is the world&#8217;s leading producer of
      custom-designed fabrics and belts essential to the production of paper
      and paperboard. Albany&#8217;s family of growth businesses extends its
      advanced textiles and materials capabilities into a variety of other
      industries, most notably aerospace composites, nonwovens, building
      products, and high-performance industrial doors. Additional information
      about the Company and its businesses and products is available at <u>www.albint.com</u>.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i>This release contains certain items, such as earnings before
      interest, taxes, depreciation, and amortization (EBITDA), EBITDA
      excluding restructuring charges, costs associated with restructuring
      initiatives, sales excluding currency effects, and certain income and
      expense items on a per share basis, that could be considered non-GAAP
      financial measures. Such items are provided because management believes
      that, when presented together with the GAAP items to which they relate,
      they provide additional useful information to investors regarding the
      registrant&#8217;s operational performance. Presenting increases or decreases
      in sales, after currency effects are excluded, can give management and
      investors insight into underlying sales trends. An understanding of the
      impact in a particular quarter of specific restructuring costs, or gains
      and losses such as the Company&#8217;s 2009 gain on extinguishment of debt,
      and EBITDA can give management and investors additional insight into
      quarterly performance, especially when compared to quarters in which
      such items had a greater or lesser effect, or no effect.</i>
    </p>
    <p>
      <i>The effect of changes in currency translation rates is calculated by
      converting amounts reported in local currencies into U.S. dollars at the
      exchange rate of a prior period. That amount is then compared to the
      U.S. dollar amount reported in the current period. The Company
      calculates EBITDA by adding Interest expense net, Income taxes,
      Depreciation and Amortization to Net income. The Company believes that
      EBITDA provides useful information to investors because it provides an
      indication of the strength and performance of the Company&#8217;s ongoing
      business operations. While depreciation and amortization are operating
      costs under GAAP, they are non-cash expenses equal to current period
      allocation of costs associated with capital and other long-lived
      investments made in prior periods. While the Company will continue to
      make capital and other investments in the future, it is currently in the
      process of concluding a period of significant investment in plant,
      equipment, and software. Depreciation and amortization associated with
      these investments have a significant impact on the Company&#8217;s net income.
      EBITDA is also a calculation commonly used by investors and analysts to
      evaluate and compare the periodic and future operating performance and
      value of companies. EBITDA, as defined by the Company, may not be
      similar to EBITDA measures of other companies. EBITDA may not be
      considered a measurement under GAAP, and should be considered in
      addition to, but not as a substitute for, the information contained in
      the Company&#8217;s statements of operations.</i>
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i>The following table contains the calculation of EBITDA and EBITDA
      excluding restructuring charges:</i>
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Table 4
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          Three Months ended
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          March 31,
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (in thousands)
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2010
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" colspan="2" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2009
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Net income/(loss)
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $4,265
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          ($18,897
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Interest expense, net
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          3,825
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          5,834
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Income tax expense/(benefit)
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,239
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (1,605
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Depreciation
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          13,941
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          14,573
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Amortization
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          1,954
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,138
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <b>EBITDA</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          26,224
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,043
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Restructuring and other, net
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          3,113
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          17,179
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <b>EBITDA excluding restructuring charges</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $29,337
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $19,222
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>The Company discloses certain income and expense items on a per share
      basis. The Company believes that such disclosures provide important
      insight of the underlying quarterly earnings and are financial
      performance metrics commonly used by investors. The Company calculates
      the per share amount for items included in continuing operations by
      using the effective tax rate utilized during the applicable reporting
      period and the weighted average number of shares outstanding for the
      period.</i>
    </p>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Table 5
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Quarter ended March 31, 2010</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (in thousands, except per share<br>amounts)
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Pre-tax<br>amounts
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Tax Effect
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            After-tax<br>Effect
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Shares<br>Outstanding
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Per Share<br>Effect
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Restructuring and other, net
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $3,113
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $1,074
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $2,039
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          30,943
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $0.07
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Table 6
          </p>
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Quarter ended March 31, 2009</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (in thousands, except per share<br>amounts)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Pre-tax<br>amounts
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Tax Effect
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            After-tax<br>Effect
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Shares<br>Outstanding
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Per Share<br>Effect
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Restructuring and other, net
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $17,179
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $1,958
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $15,221
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          30,046
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          $0.51
        </td>
      </tr>
      <tr>
        <td valign="middle" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left">
          Gain on extinguishment of debt
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,800
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          1,092
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          1,708
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          30,046
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          0.06
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i>This press release may contain statements, estimates, or projections
      that constitute &#8220;forward-looking statements&#8221; as defined under U.S.
      federal securities laws. Generally, the words &#8220;believe,&#8221; &#8220;expect,&#8221;
      &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;will,&#8221; and similar
      expressions identify forward-looking statements, which generally are not
      historical in nature. Forward-looking statements are subject to certain
      risks and uncertainties (including, without limitation, those set forth
      in the Company&#8217;s Annual Report on Form 10-K) that could cause actual
      results to differ</i> <i>materially from the Company&#8217;s historical
      experience and our present expectations or projections.</i>
    </p>
    <p>
      <i>Forward-looking statements in this release or in the webcast,
      include, without limitation, statements about future economic and paper
      industry conditions, rates of recovery in sales and operating income
      during the next several quarters in each of the Company&#8217;s businesses,
      anticipated improvements in cash generation, revenue growth and income
      expectations for the Company&#8217;s non-PMC businesses, the timing and impact
      of certain production and development programs in the Company&#8217;s AEC
      business segment, the amount and timing of anticipated costs and savings
      associated with cost-reduction and performance-improvement initiatives,
      pricing conditions in the PMC industry, the amount and timing of capital
      expenditures and pension contributions, future tax rates, depreciation
      and amortization, future debt levels and debt covenant ratios, future
      contributions to our pension plans, and future levels of EBITDA.
      Furthermore, a change in any one or more of the foregoing factors could
      have a material effect on the Company&#8217;s financial results in any period.
      Such statements are based on current expectations, and the Company
      undertakes no obligation to publicly update or revise any
      forward-looking statements.</i>
    </p>
    <p>
      <i>Statements expressing management&#8217;s assessments of the growth
      potential of various businesses, or referring to earlier assessments of
      such potential, are not intended as forecasts of actual future growth,
      and should not be relied on as such. While management believes such
      assessments to have a reasonable basis, such assessments are, by their
      nature, inherently uncertain. This release and earlier releases set
      forth a number of assumptions regarding these assessments, including
      historical results and independent forecasts regarding the markets in
      which these businesses operate. Historical growth rates are no guarantee
      of future growth, and such independent forecasts could prove incorrect.</i>
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" colspan="6" style="padding-left: 0.0px; text-align: center">
          ALBANY INTERNATIONAL CORP.
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-left: 0.0px; text-align: center">
          CONSOLIDATED STATEMENTS OF OPERATIONS
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-left: 0.0px; text-align: center">
          (in thousands, except per share data)
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-left: 0.0px; text-align: center">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: center">
          Three Months Ended
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: center">
          March 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          2010
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          2009
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $213,873
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $209,205
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          136,644
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          139,174
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          77,229
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          70,031
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 15.0px; text-align: left">
          Selling, technical, general and research expenses
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          66,076
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          67,619
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          Restructuring and other, net
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          3,113
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          17,179
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Operating income/(loss)
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,040
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (14,767)
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="padding-left: 15.0px; text-align: left">
          Interest expense, net
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,825
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          5,834
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          Other (income)/expense, net
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (2,281)
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          181
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Income/(loss) before income taxes
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,496
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (20,782)
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          Income tax expense/(benefit)
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,239
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (1,605)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Income/(loss) before associated companies
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          4,257
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (19,177)
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Equity in income of associated companies
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          8
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          280
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Net income/(loss)
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $4,265
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          ($18,897)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Net income/(loss) per share:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $0.14
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          ($0.63)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $0.14
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          ($0.63)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Shares used in computing earnings per share:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          30,943
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          30,046
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          31,033
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          30,046
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Dividends per share
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $0.12
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $0.12
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          ALBANY INTERNATIONAL CORP.
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          CONSOLIDATED BALANCE SHEETS
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: center">
          (in thousands, except share and per share data)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          (unaudited)
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          2010
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          2009
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          ASSETS
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Cash and cash equivalents
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $101,758
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $97,466
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Accounts receivable, net
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          156,593
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          168,820
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Inventories
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          167,718
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          172,433
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Income taxes receivable and deferred
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          40,241
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          42,613
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Prepaid expenses and other current assets
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          12,424
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          9,712
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 30.0px; text-align: left">
          Total current assets
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          478,734
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          491,044
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Property, plant and equipment, net
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          502,197
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          514,475
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Investments in associated companies
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,860
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,001
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Intangibles
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,300
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          5,216
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Goodwill
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          115,382
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          120,037
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Deferred taxes
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          142,574
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          143,085
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Cash surrender value of life insurance policies
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          49,982
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          49,135
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Other assets
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          18,192
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          18,264
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 30.0px; text-align: left">
          Total assets
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $1,316,221
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $1,344,257
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: right">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          LIABILITIES AND SHAREHOLDERS' EQUITY
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Notes and loans payable
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $16,434
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $15,296
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Accounts payable
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          49,555
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          52,618
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Accrued liabilities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          101,046
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          113,323
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Current maturities of long-term debt
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Income taxes payable and deferred
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,323
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          3,639
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 30.0px; text-align: left">
          Total current liabilities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          169,369
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          184,887
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Long-term debt
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          489,106
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          483,922
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Other noncurrent liabilities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          184,171
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          185,067
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Deferred taxes and other credits
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          66,720
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          65,383
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left">
          Total liabilities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          909,366
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          919,259
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Commitments and Contingencies
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          SHAREHOLDERS' EQUITY
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Preferred stock, par value $5.00 per share;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          authorized 2,000,000 shares; none issued
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Class A Common Stock, par value $.001 per share;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          authorized 100,000,000 shares; issued
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          36,297,533 in 2010 and 36,149,115 in 2009
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          36
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          36
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Class B Common Stock, par value $.001 per share;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          authorized 25,000,000 shares; issued and
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          outstanding 3,236,098 in 2010 and 2009
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Additional paid in capital
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          383,715
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          382,674
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Retained earnings
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          383,271
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          382,720
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Accumulated items of other comprehensive income:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Translation adjustments
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (15,394)
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          4,167
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Pension and post retirement liability adjustments
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (86,477)
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (86,303)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          665,154
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          683,297
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Less treasury stock (Class A), at cost 8,496,739 shares
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          in 2010 and 2009
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          258,299
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          258,299
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left">
          Total shareholders' equity
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          406,855
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          424,998
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 30.0px; text-align: left">
          Total liabilities and shareholders' equity
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $1,316,221
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $1,344,257
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="margin-bottom: 10.0px; width: 100%; font-family: Times New Roman; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" colspan="11" style="padding-left: 0.0px; text-align: center">
          ALBANY INTERNATIONAL CORP.
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="11" style="padding-left: 0.0px; text-align: center">
          CONSOLIDATED STATEMENTS OF CASH FLOWS
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="11" style="padding-left: 0.0px; text-align: center">
          (in thousands)
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="11" style="padding-left: 0.0px; text-align: center">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: center">
          Three Months Ended
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: center">
          March 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          2010
        </td>
        <td>

        </td>
        <td valign="bottom" colspan="2" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center; padding-right: 0.0px">
          2009
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: left">
          OPERATING ACTIVITIES
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Net income/(loss)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          $4,265
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          ($18,897
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="11" style="padding-left: 0.0px; text-align: left">
          Adjustments to reconcile net income/(loss) to net cash provided
          by/(used in) operating activities:
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Equity in earnings of associated companies
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (280
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Depreciation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          13,941
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14,573
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,954
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,138
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Noncash interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          188
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,187
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Gain on early retirement of debt
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,800
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: left">
          Settlement of accreted debt discount
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (522
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Provision for deferred income taxes, other credits and long-term
          liabilities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,118
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (4,635
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Provision for write-off of property, plant and equipment
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,467
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,076
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Increase in cash surrender value of life insurance
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (847
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,019
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Stock option expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          42
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Compensation and benefits paid or payable in Class A Common Stock
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          955
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,039
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="11" style="padding-left: 0.0px; text-align: left">
          Changes in operating assets and liabilities, net of business
          acquisitions and divestitures:
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Accounts receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,396
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          23,445
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,270
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (6,214
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: left">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,769
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,161
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,075
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (24,450
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (10,401
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          9,096
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Income taxes payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,437
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,455
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Other, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (117
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (1,631
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash provided by/(used in) operating activities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          16,900
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (11,468
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          INVESTING ACTIVITIES
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-left: 0.0px; text-align: left">
          Purchases of property, plant and equipment
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (6,821
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (15,721
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-left: 0.0px; text-align: left">
          Purchased software
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,073
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,145
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Acquisitions, net of cash acquired
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (1,902
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash used in investing activities
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (9,796
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (16,866
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          FINANCING ACTIVITIES
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Proceeds from borrowings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,152
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          40,583
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Principal payments on debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (17
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (3,585
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="3" style="padding-left: 0.0px; text-align: left">
          Early retirement of debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (3,360
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="4" style="padding-left: 0.0px; text-align: left">
          Proceeds from options exercised
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          87
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="2" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Dividends paid
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (3,705
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (3,628
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" colspan="5" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash provided by financing activities
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          2,517
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          30,010
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Effect of exchange rate changes on cash flows
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (5,329
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          (4,209
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-left: 0.0px; text-align: left">
          Increase/(decrease) in cash and cash equivalents
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          4,292
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,533
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Cash and cash equivalents at beginning of year
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          97,466
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: right; padding-right: 0.0px">
          106,571
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="6" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Cash and cash equivalents at end of period
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $101,758
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom: double black 2.25pt; text-align: right; padding-right: 0.0px">
          $104,038
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Albany International Corp.<br><i>Investors:</i><br>John
      Cozzolino, Vice President&#8211;Corporate<br>Treasurer and Strategic
      Planning<br>518-445-2281<br><u>john.cozzolino@albint.com</u><br>or<br><i>Media:</i><br>Susan
      Siegel, Director of Corporate Communications<br>518-445-2284<br><u>susan.siegel@albint.com</u>
    </p>
    <p>

    </p>
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</SEC-DOCUMENT>
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