UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):     February 8, 2016

Registrant’s telephone number, including area code       (518) 445-2200

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:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition.

On February 8, 2016, Albany International issued a news release reporting fourth-quarter 2015 financial results.   The Company will host a webcast to discuss earnings at 9:00 a.m. Eastern Time on Tuesday, February 9. Copies of the news release and management’s related earnings call slide presentation are furnished as Exhibits 99.1 and 99.2, respectively, to this report.

Item 9.01.  Financial Statements and Exhibits.
             (d)  Exhibits.  The following exhibit is being furnished herewith:
                    99.1     News release dated February 8, 2016 reporting fourth-quarter 2015 financial results.
                    99.2     Albany International Corp. fourth-quarter 2015 Earnings Call Slide Presentation.

Signature

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.

EXHIBIT INDEX

Exhibit 99.1

Albany International Reports Fourth-Quarter Results

Fourth-Quarter Financial Highlights

• Net sales were $177.5 million, a decrease of 7.4% compared to Q4 2014. Excluding currency effects, net sales decreased 3.2% (see Table 1).
• Adjusted EBITDA was $38.7 million, compared to $36.3 million in Q4 2014 (see Tables 6 and 7).
• Q4 2015 income attributable to the Company was $1.17 per share, compared to $0.25 in Q4 2014. Excluding adjustments (see Table 15), income attributable to the Company was $0.46 per share, compared to $0.35 in Q4 2014.
• Full-year net sales were $709.9 million, a decrease of 4.8%. Excluding currency effects, full-year net sales increased 0.6% compared to 2014 (see Table 8).
• Including a $14.0 million charge in Q2 2015 related to an AEC contract, full-year Adjusted EBITDA was $141.0 million in 2015, compared to $144.8 million in 2014 (see Tables 9 and 10).
• Net debt was $80.6 million at the end of December, a decrease of $18.1 million for Q4 2015 and $12.4 million for the full year (see Table 16).

ROCHESTER, N.H.--(BUSINESS WIRE)--February 8, 2016--Albany International Corp. (NYSE:AIN) reported that Q4 2015 income attributable to the Company was $37.6 million, including a net benefit of $29.8 million for income tax adjustments. Income attributable to the Company in Q4 2014 was $7.9 million, including net charges of $0.2 million for income tax adjustments.

Q4 2015 income before income taxes was $11.3 million, including restructuring charges of $9.9 million and losses of $0.6 million from foreign currency revaluation. Q4 2014 income before income taxes was $12.4 million, including a pension settlement charge of $8.2 million, restructuring charges of $1.7 million, and gains of $4.9 million from foreign currency revaluation.

Table 1 summarizes net sales and the effect of changes in currency translation rates:

Changes in currency translation rates, driven mainly by the stronger U.S. dollar, resulted in a $7.4 million decline in MC sales. Excluding the currency effect, MC sales were down compared to Q4 2014 due to a weak Brazilian economy, and in North America the combination of decline in the printing and writing market discussed in Q2 and stronger-than-normal year-end slowdowns in the packaging grades. Q4 2015 AEC sales included revenue of $5.1 million for customer reimbursement of development tooling.

Q4 2015 gross profit was $71.7 million, or 40.4% of net sales, compared to $72.9 million, or 38.0% of net sales, in the same period of 2014. MC gross profit was $68.8 million, or 47.4% of net sales, compared to $69.0 million, or 43.0% of net sales, in Q4 2014. The improvement in gross profit margin reflects lower costs of raw materials, improved productivity, and the effect of restructuring programs. Even though changes in currency translation rates had a significant effect on MC net sales, they once again had only a minor negative effect on gross profit principally due to the continuing weakness of the Brazilian real and Mexican peso. AEC gross profit was $3.3 million in Q4 2015, compared to $4.2 million in Q4 2014.

Selling, technical, general, and research (STG&R) expenses were $46.9 million, or 26.4% of net sales, in Q4 2015, compared to $50.3 million, or 26.3% of net sales, in Q4 2014. The decrease in STG&R compared to 2014 was principally due to changes in currency translation rates and cost reduction activities. The revaluation of nonfunctional-currency assets and liabilities resulted in fourth-quarter gains of $0.5 million in 2015 and $2.4 million in 2014.

The following table presents fourth-quarter expenses associated with internally funded research and development by segment:

The following table summarizes fourth-quarter operating income by segment:

Segment operating income was affected by restructuring and currency revaluation as shown in Table 4 below. Q4 2015 restructuring charges were principally related to an early retirement program in the United States, and ongoing plant closure costs in Germany.

Q4 2015 Other income/expense, net, was expense of $1.6 million, including losses related to the revaluation of nonfunctional-currency balances of $1.1 million. Q4 2014 Other income/expense, net, was income of $2.4 million, including gains related to the revaluation of nonfunctional-currency balances of $2.6 million.

The following table summarizes currency revaluation effects on certain financial metrics:

The Company’s income tax rate, excluding tax adjustments, was 31.8% for Q4 2015, compared to 33.3% for the same period of 2014. In Q4 2015, the Company recorded net favorable discrete tax adjustments of $27.3 million, including a benefit of $28.6 million related to the elimination of the value of the Company’s investment in its German subsidiary, where manufacturing operations have now ceased. The Company also recorded a reduction of $2.5 million to Q4 2015 income taxes due to a decrease in the tax rate from Q3 2015. Discrete tax charges and the effect of a change in the estimated tax rate increased income tax expense by $0.2 million for Q4 2014.

The following tables summarize Adjusted EBITDA:

Capital spending was $10.3 million for Q4 2015, compared to $12.3 million for Q4 2014. Depreciation and amortization was $14.8 million for Q4 2015, compared to $16.6 million for Q4 2014.

CFO Comments

CFO and Treasurer John Cozzolino commented, “Net debt (total debt less cash) in Q4 decreased $18 million to $81 million, bringing the full-year decline in net debt to $12 million (see Table 16). Both components of net debt, total debt and cash, improved in Q4 as total debt dropped $5 million to $266 million and cash increased $13 million to $185 million. The Company’s leverage ratio, as defined in our primary debt agreements, decreased from 1.30 at the end of 2014 to 1.27 at the end of this year. Capital expenditures for the year were $51 million. We expect 2016 and 2017 to be peak years for capital spending in support of the LEAP ramp and as a result are currently estimating total Company spending for 2016 to be $75 million to $85 million. The Company’s income tax rate, excluding tax adjustments, was 32% in 2015 and is currently estimated to range from 30% to 35% in 2016. Cash paid for income taxes during the year was about $18 million and is expected to total $20 million to $25 million in 2016.

“In Q4 2015, the Company recorded a $29 million tax benefit related to the elimination of its investment in its German subsidiary. The Company expects that most of this tax benefit will be utilized to lower cash taxes related to future repatriations.”

CEO Comments

President and CEO Joe Morone said, “Q4 was another good quarter for Albany International. Both businesses continued to perform well, as once again MC generated strong margins and AEC continued to grow and progress toward the LEAP ramp. Company-wide cash flow was strong, with net debt declining $18 million to $81 million.

“In MC, full-year sales excluding currency were essentially flat, despite soft Q4 sales due to the economic weakness in key markets. Profitability was outstanding. Adjusted EBITDA for the quarter and for the full year was 9% ahead of 2014. Roughly half of this increase was due to the favorable impact of the strong dollar on currency translation. The rest of the increase was from several sources: the shutdown of our plant in Germany, restructuring activities that reduced STG&R expense, lower cost of raw material due to lower energy prices, and higher labor productivity across many of our plants. In Q4, MC took an additional step to reduce STG&R expense by implementing an early retirement program for its salaried employees in the U.S.

“Q4 2015 was also a good quarter for MC on the technology and new products front. The new composite technology platform continues to gain momentum at the high end of the tissue and towel market, and we are encouraged by initial trials in the packaging market. Finally, we successfully completed negotiations to renew our contracts with two of our largest customers, one in the U.S. and one in Europe. Although competitive pricing pressures persist in all of our markets around the world, our prices were for the most part stable in Q4.

“AEC sales excluding currency grew almost 14% for the full year. The growth was driven by a combination of higher development and parts sales associated with the LEAP, Joint Strike Fighter (JSF) LiftFan^®, and GE9X fan case programs. Most importantly, AEC continued to make good progress in preparation for the LEAP ramp, which begins late this year. In R&D and business development, good progress also continued on several fronts. In addition to continuing to support advances in the LEAP program, and to position ourselves for content on both the engine and airframe for next-generation single-aisle aircraft, our efforts were focused on several new platforms that have the potential to generate initial revenue either later this decade or in the first half of the next decade. The most significant of these new platforms are Boeing’s 777x aircraft; a new mid-size airplane that Boeing is reported to be considering; the Department of Defense’s JSF and Long Range Strike Bomber; and new supercar and premium sports and luxury vehicles in the high end of the automotive market.

“As for our outlook, our near- and long-term expectations for both businesses remain unchanged. To reiterate the view we expressed about MC last quarter, notwithstanding the 9% increase in Adjusted EBITDA in 2015, we continue to view MC as a business capable of generating steady year-over-year Adjusted EBITDA and cash flow, with annual Adjusted EBITDA in the range of $180 million to $195 million. Despite the likelihood of a slower start this year than last due to continued strong economic headwinds in key markets, and barring further deterioration in the macroeconomic environment, our strong margins and continuing productivity improvements should make it possible for us to keep well within that normal Adjusted EBITDA range.

“For AEC, we anticipate annual revenue growth of roughly 5-10%, with some upside depending on a host of variables related to the LEAP ramp. EBITDA should also improve, at a steeper rate than sales. But the real significance of 2016 is that it represents the final year of preparation for the LEAP ramp, and so our highest priority will be on continuing efforts to improve yield, accelerate cost reduction, and prepare our Mexican plant for start-up in 2017. Assuming Airbus and Boeing do indeed increase production of the A320neo and 737MAX to roughly 60 aircraft per month by the end of the decade, AEC will need to manufacture over 40,000 blades and 2,000 fan cases a year by 2020, compared to roughly 2,500 blades and 100 cases in 2015. At these levels of production, LEAP revenue should grow from $50 million in 2015 to close to $200 million by 2020. Total AEC revenue, assuming no new programs beyond the ones already secured (an assumption we hope is conservative), should grow from $100 million in 2015 to roughly $250 million in 2020. The steepest ramps in production and therefore in AEC revenue and income will likely be in 2017 and 2018.

“2016 should also be a pivotal year for AEC’s legacy operations, which accounted for 40% of AEC’s 2015 revenue and were responsible for a significant drag on AEC profitability. In January, we announced internally that we plan to consolidate most of our legacy programs, which are currently spread over two plants, into our facility in Boerne, Texas. At the same time, we are finalizing with Rolls-Royce a long-term supply agreement for production of composite parts for the JSF LiftFan. The expected growth from this program as demand begins to ramp in 2017, coupled with the program consolidation into Boerne, should drive significant improvements in margins by the second half of 2017.

“So in sum, performance in both businesses was strong in Q4 and for the full year, and we expect performance to remain strong in 2016. Despite the significant economic headwinds and barring further deterioration in the macroeconomic environment, we look for MC to generate Adjusted EBITDA well within its normal range. And for AEC, we expect roughly 5-10% revenue growth coupled with improving profitability in this the final year of the lead-up to the LEAP ramp.”

The Company plans a webcast to discuss fourth-quarter 2015 financial results on Tuesday, February 9, at 9:00 a.m. Eastern Time. For access, go to www.albint.com.

About Albany International Corp.

Albany International is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. Albany International is headquartered in Rochester, New Hampshire, operates 19 plants in 10 countries, employs 4,000 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.

This release contains certain items, such as earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, sales excluding currency effects, income tax rate excluding adjustments, net debt, net income attributable to the Company, excluding adjustments (on an absolute and per-share basis), 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 Company’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 other gains and losses, on operating income or 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. All non-GAAP financial measures in this release relate to the Company’s continuing operations.

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 Income tax adjustments by adding discrete tax items to the effect of a change in tax rate for the reporting period. The Company calculates its income tax rate, exclusive of income tax adjustments, by removing income tax adjustments from total Income tax expense, then dividing that result by Income before income taxes. The Company calculates EBITDA by removing the following from Net income: Interest expense net, Income tax expense, Depreciation and amortization, and Income or loss from Discontinued Operations. Adjusted EBITDA is calculated by: adding to EBITDA costs associated with restructuring and pension settlement charges; adding (or subtracting) revaluation losses (or gains); subtracting (or adding) gains (or losses) from the sale of buildings or investments; subtracting insurance recovery gains; and subtracting Income attributable to the noncontrolling interest in Albany Safran Composites (ASC). The Company believes that EBITDA and Adjusted EBITDA provide useful information to investors because they provide an indication of the strength and performance of the Company's ongoing business operations, including its ability to fund discretionary spending such as capital expenditures and strategic investments, as well as its ability to incur and service debt. While depreciation and amortization are operating costs under GAAP, they are noncash expenses equal to current period allocation of costs associated with capital and other long-lived investments made in prior periods.

While restructuring expenses, foreign currency revaluation losses or gains, pension settlement charges, insurance-recovery gains, and gains or losses from sales of buildings or investments have an impact on the Company's net income, removing them from EBITDA can provide, in the opinion of the Company, a better measure of operating performance. 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. Such EBITDA measures may not be considered measurements under GAAP, and should be considered in addition to, but not as substitutes for, the information contained in the Company’s statements of income.

The Company discloses certain income and expense items on a per-share basis. The Company believes that such disclosures provide important insight into underlying quarterly earnings and are financial performance metrics commonly used by investors. The Company calculates the quarterly per-share amount for items included in continuing operations by using the estimated effective annual tax rate and the weighted average number of shares outstanding for each period. Year-to-date earnings per-share effects are determined by adding the amounts calculated at each reporting period.

The following table contains the calculation of net income per share attributable to the Company, excluding adjustments:

The following table contains the calculation of net debt:

This press release may contain statements, estimates, or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “should,” “look for,” 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’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q) that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections.

Forward-looking statements in this release or in the webcast include, without limitation, statements about macroeconomic and paper industry trends and conditions during 2016 and in future years; expectations in 2016 and in future periods of sales, EBITDA, Adjusted EBITDA, income, gross profit, gross margin and other financial items in each of the Company’s businesses and for the Company as a whole; the timing and impact of production and development programs in the Company’s AEC business segment and AEC sales growth potential; the amount and timing of capital expenditures, future tax rates and cash paid for taxes, depreciation and amortization; future debt and net debt levels and debt covenant ratios; the timeline for ASC’s planned facility in Mexico; and changes in currency rates and their impact on future revaluation gains and losses. Furthermore, a change in any one or more of the foregoing factors could have a material effect on the Company’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.

Statements expressing management’s assessments of the growth potential of its 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, independent forecasts regarding the markets in which these businesses operate, and the timing and magnitude of orders for our customers’ products. Historical growth rates are no guarantee of future growth, and such independent forecasts and assumptions could prove materially incorrect, in some cases.

CONTACT:
Albany International Corp.
Investors
John Cozzolino, 518-445-2281
john.cozzolino@albint.com
or
Media
Susan Siegel, 603-330-5866
susan.siegel@albint.com

Exhibit 99.2

Albany International Corp. Q4 Financial Performance February 8, 2016 ©Albany International Corp. All right reserved.

‘Non-GAAP’ Items and Forward-Looking Statements This presentation contains certain items, such as net income attributable to the Company, excluding adjustments (absolute as well as per-share), earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA and net debt, that could be considered ‘non-GAAP’ financial measures under SEC rules. We think such items provide useful information to investors regarding the Company’s operational performance. This presentation also may contain statements, estimates, or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. We disclaim any obligation to update any information in this presentation to reflect any changes or developments after the date on the cover page. Certain additional disclosures regarding our use of these ‘non-GAAP’ items and forward-looking statements are set forth in our fourth-quarter earnings press release dated February 8, 2016, and in our SEC filings, including our most recent quarterly reports and our annual reports for the years ended December 31, 2012, 2013, and 2014. Our use of such items in this presentation is subject to those additional disclosures, which we urge you to read. 2

Net Sales by Segment (in thousands) Net Sales Three Months ended December 31, 2015 2014 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $145,004 $160,238 -9.5% ($7,364) -4.9% Albany Engineered Composites (AEC) 32,462 31,421 3.3% (688) 5.5% Total $177,466 $191,659 -7.4% ($8,052) -3.2%  (in thousands) Net Sales Years ended December 31, 2015 2014 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $608,581 $655,026 -7.1% ($38,015) -1.3% Albany Engineered Composites (AEC) 101,287 90,319 12.1% (1,594) 13.9% Total $709,868 $745,345 -4.8% ($39,609) 0.6% 3

Gross Profit Margin by Quarter Percentage of Net Sales 45.0% 42.4% 41.9% 43.0% 47.5% 45.2% 48.4% 47.4% 41.5% 38.9% 38.2% 38.0% 42.3% 31.7% 42.4% 40.4% 30% 35% 40% 45% 50% 55% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Machine Clothing Total Company 4 Includes 8.1% impact from BR725 charge

Earnings Per Share 5 Per share amounts (Basic) Three Months Ended December 31, 2015 2014 Years ended December 31, 2015 2014 Net income attributable to the Company, as reported $1.17 $0.25 $1.79* $1.31 Adjustments: Restructuring charges, net 0.21 0.04 0.48 0.12 Income tax adjustments (0.93) - (0.69) 0.10 Foreign currency revaluation (gains)/losses 0.01 (0.10) (0.07) (0.21) Pension settlement charge - 0.16 - 0.16 Gains from sale of investment and insurance recovery - - (0.02) (0.04) Net income attributable to the Company, excluding adjustments $0.46 $0.35 $1.49 $1.44 *Includes $0.28 charge for BR725

Adjusted EBITDA Three Months ended December 31, 2015 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $30,342 ($1,843) $8,967 $37,466 Interest expense, net - - 1,935 1,935 Income tax expense/(benefit) - - (26,185) (26,185) Depreciation and amortization 9,425 3,295 2,113 14,833 EBITDA 39,767 1,452 (13,170) 28,049 Restructuring and other, net 8,282 - 1,635 9,917 Foreign currency revaluation (gains)/losses (542) - 1,092 550 Pension settlement charge - - - - Pretax (income)/loss attributable to non-controlling interest in ASC - 135 - 135 Adjusted EBITDA $47,507 $1,587 ($10,443) $38,651 Three Months ended December 31, 2014 Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company $33,120 ($697) ($24,318) $8,105 - - 2,592 2,592 - - 4,316 4,316 10,996 3,499 2,056 16,551 44,116 2,802 (15,354) 31,564 1,701 - - 1,701 (2,115) (249) (2,559) (4,923) - - 8,190 8,190 - (275) - (275) $43,702 $2,278 ($9,723) $36,257 *Includes $14.0 million charge for BR725 Year ended December 31, 2015 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Adjusted EBITDA $197,950 ($16,335)* ($40,639) $140,976 Year ended December 31, 2014 Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company $182,423 $1,102 ($38,718) $144,807 6

Debt $ thousands $94,040 $78,225 $88,205 $92,970 $111,765 $120,172 $98,710 $80,570 $302,419 $285,061 $283,666 $272,772 $282,603 $302,646 $270,490 $265,683 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Net Debt Total Debt 7