Exhibit 99.2

Q3 Financial PerformanceOctober 30, 2017

‘Non-GAAP’ Items and Forward-Looking StatementsThis presentation contains the following non-GAAP measures:Percentage changes in net sales, excluding currency rate effects (for each segment, and the Company as a whole);Adjusted EBITDA (for each segment, and the Company as a whole; absolute and as a percentage of sales);Net debt; andNet income per share attributable to the Company, excluding adjustments. We think such items provide useful information to investors regarding the Company’s core operational performance. See the Company’s earnings release (which accompanies this presentation) for additional information including reconciliations to GAAP measures.  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 third-quarter earnings press release dated October 30, 2017, and in our SEC filings, including our most recent quarterly reports and our annual reports for the years ended December 31, 2014, 2015, and 2016. 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  3    (in thousands, except percentages)   Net SalesThree Months endedSeptember 30, 2017 2016      PercentChange  Impact of Changesin CurrencyTranslation Rates  Percent Changeexcluding Currency Rate Effect  Machine Clothing (MC)   $150,694   $143,248   5.2%   $1,771   4.0%  Albany Engineered Composites (AEC)   71,447   48,024   48.8%   486   47.8%  Total   $222,141   $191,272   16.1%   $2,257   15.0%    (in thousands, except percentages)   Net SalesNine Months endedSeptember 30, 2017 2016      PercentChange  Impact of Changesin CurrencyTranslation Rates  Percent Changeexcluding Currency Rate Effect  Machine Clothing (MC)   $440,093   $437,445   0.6%   ($1,311)   0.9%  Albany Engineered Composites (AEC)   196,896   129,348   52.2%   (263)   52.4%  Total   $636,989   $566,793   12.4%   ($1,574)   12.7%

Gross Profit Margin by QuarterPercentage of Net Sales  4  Includes 7.3% impact from profitability revision in two AEC contracts

Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment  5    Three Months ended September 30, 2017         (in thousands)   Machine Clothing    Albany Engineered Composites  Corporate expenses and other   Total Company  Operating income/(loss) (GAAP)  $42,674  $(9,301)   $(11,070)   $22,303  Interest, taxes, other income/expense  -  -  (7,083)   (7,083)  Net income (GAAP)   42,674   (9,301)  (18,153)   15,220  Interest expense, net   -  -   4,429   4,429  Income tax expense  -  -   3,809   3,809  Depreciation and amortization   8,380   8,591   1,159  18,130  EBITDA (non-GAAP)   51,054   (710)  (8,756)  41,588  Restructuring expenses, net   96   5,407  -   5,503  Foreign currency revaluation losses/(gains)   1,114   137   266   1,517  Write-off of inventory in a discontinued product line  -   3,155  -   3,155  Pretax loss/(income) attributable to non-controlling interest in ASC  -   136  -   136  Adjusted EBITDA (non-GAAP)  $52,264   $8,125  $(8,490)  $51,899  Three Months ended September 30, 2016          Machine Clothing    Albany Engineered Composites   Corporate expenses and other    Total Company   $40,039   $(4,529)  $(10,690)   $24,820  -  -   (11,411)   (11,411)   40,039   (4,529)   (22,101)   13,409  -  -   3,681   3,681  -  -   7,488   7,488   9,032   8,027   1,386   18,445   49,071   3,498   (9,546)   43,023   (212)   640   (102)   326   86   -   (308)   (222)   -   -   -   -  -   (428)  -   (428)  $48,945   $3,710   ($9,956)   $42,699

Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment  6    Nine Months ended September 30, 2017          (in thousands)   Machine Clothing    Albany Engineered Composites*  Corporate expenses and other   Total Company   Operating income/(loss) (GAAP)  $119,352  $(32,242)  $(33,523)   $53,587   Interest, taxes, other income/expense  -  -  (26,160)   (26,160)   Net income (GAAP)   119,352   (32,242)  (59,683)   27,427   Interest expense, net   -  -   13,042   13,042   Income tax expense  -  -   12,138   12,138   Depreciation and amortization   25,098   24,613   3,545   53,256   EBITDA (non-GAAP)  144,450   (7,629)  (30.958)   105,863   Restructuring expenses, net   1,012   9,208  -   10,220   Foreign currency revaluation (gains)/losses   4,427   171   2,318   6,916   Write-off of inventory in discontinued product line in 2017 / Acquisition expenses in 2016  -   3,155  -   3,155   Pretax (income)/loss attributable to non-controlling interest in ASC  -   (178)  -   (178)   Adjusted EBITDA (non-GAAP)  $149,889   $4,727  $(28,640)  $125,976  Nine Months ended September 30, 2016          Machine Clothing    Albany Engineered Composites   Corporate expenses and other    Total Company   $112,583   $(14,083)   $(33,554)   $64,946  -  -   (28,120)   (28,120)   112,583   (14,083)   (61,674)   36,826  -  -   9,610   9,610  -  -   20,613   20,613   27,845   17,778   5,601   51,224   140,428   3,695   (25,850)   118,273   5,921   1,787   (55)   7,653   1,646   5   (2,355)   (704)  -   5,367  -   5,367  -   36  -   36   $147,995   $10,890   $(28,260)   $130,625  * Includes $15.8 million charge for AEC contract revisions

7  Earnings Per Share      Per share amounts (Basic)  Three Months endedSeptember 30, 2017 2016    Nine Months endedSeptember 30, 2017 2016    Net income attributable to the Company, as reported (GAAP)  $0.47  $0.41  $0.85*  $1.15  Adjustments:          Restructuring expenses, net  0.11  0.01  0.20  0.15  Discrete tax adjustments and effect of change in income tax rate  (0.10)  (0.01)  (0.07)  (0.03)  Foreign currency revaluation losses/(gains)  0.03  -  0.14  (0.01)  Write-off of inventory in a discontinued product line  0.06  -  0.06  -  Acquisition expenses  -  -  -  0.11  Net income attributable to the Company, excluding adjustments (non-GAAP)  $0.57  $0.41  $1.18  $1.37  * Includes $0.31 charge for AEC contract revisions

Total Debt (GAAP) and Net Debt* (non-GAAP)$ thousands  8  *Total debt less cash see table 19 for reconciliation of total debt to net debt