Air Industries Group Announces Earnings Release Date

$AIRI
Military/Government/Technical
Industrials
Get the next $AIRI alert in real time by email

Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it will release its financial results for the Three and Nine Months ended September 30, 2024 tomorrow, Thursday, November 14th pre-market at 7:00 am Eastern.

Conference Call Information

The company will host an earnings conference call Thursday, November 14th at 4:30 pm Eastern. The conference call-in number is 877–524–8416

ABOUT AIR INDUSTRIES GROUP

Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether it is a small individual component or complete assembly, its high quality and extremely reliable products are used in mission critical operations that are essential for the safety of military personnel and civilians.

FORWARD LOOKING STATEMENTS

Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA, the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

NON-GAAP FINANCIAL MEASURES

The Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes the financial impact of transactions such as interest expense necessary to conduct the Company's business and therefore are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because items such as amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet occurred, are out of the Company's control, or cannot be predicted. For example, quantification of stock-based compensation is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.

Get the next $AIRI alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$AIRI

DatePrice TargetRatingAnalyst
More analyst ratings

$AIRI
Press Releases

Fastest customizable press release news feed in the world

See more
  • Air Industries Group Reports Preliminary 2024 Results – Record Backlog and Automatic Extension to File Form 10-K

    Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced preliminary unaudited financial results for the calendar year ended December 31, 2024. The Company also reported record levels of new business and backlog and noted it will utilize the automatic 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2024. Preliminary Fiscal 2024 Financial Results (unaudited) For the year ended December 31, 2024, Air Industries achieved growth in net sales, gross profit, and operating income, while significantly reducing its net loss. Net Sale

    $AIRI
    Military/Government/Technical
    Industrials
  • Air Industries Group Secures Two Contracts worth $3.3 Million for Landing and Arresting Gear for the US Navy E-2D Advanced Hawkeye

    Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it has received two contracts worth approximately $3.3 million for landing and arresting gear components for the US Navy E-2D Advanced Hawkeye aircraft. These orders support both the Production of new aircraft and Maintenance, Repair, and Overhaul (MRO) of aircraft in the fleet. Renowned for its superior technology and global performance the E-2D Advanced Hawkeye was ranked by the US Navy as one its top five acquisition programs in 2023 and again in 2024. Lou Melluzzo, Chief Executive Officer of Air Indust

    $AIRI
    Military/Government/Technical
    Industrials
  • Air Industries Group Receives Supplier Excellence Award

    Northrop Grumman Corporation (NYSE:NOC) has recognized Air Industries Group (NYSE:AIRI) as one of its top supplier partners, during the company's Supplier Excellence Awards. "Air Industries Group has supported Northrop Grumman in delivering technologies that enhance national security for the U.S. and our allies," said Ken Brown, vice president, enterprise global supply chain, Northrop Grumman. "The high-quality performance, dedication and partnership of our supplier teams drive operational excellence to ensure warfighters have next generation advantages in advanced weapons, aircraft, missile defense and space." Recognized for Strategic Excellence, Air Industries Group is instrumental in

    $AIRI
    $NOC
    Military/Government/Technical
    Industrials
    Industrial Machinery/Components

$AIRI
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$AIRI
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$AIRI
SEC Filings

See more

$AIRI
Financials

Live finance-specific insights

See more
  • Air Industries Group Reports Strong Q3 2024 Results and Reaffirms Positive Fiscal 2024 Outlook with Expanding Backlog and Improved Profit Margins

    Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced financial results for the third quarter and nine months ended September 30, 2024, and provides an update on its 2024 business outlook. Q3 2024 Financial Highlights (as compared to Q3 2023): Revenues increased by 2.1%. Gross profit rose significantly by $713,000, an increase of 58%, resulting in gross margin of 15.5% up from the 10.0% achieved in 2023. Operating expenses were reduced by $150,000, or 7.4%. Operating profit for the quarter was $67,000, a substantial improvement over the $796,000 loss

    $AIRI
    Military/Government/Technical
    Industrials
  • Air Industries Group Announces Earnings Release Date

    Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced that it will release its financial results for the Three and Nine Months ended September 30, 2024 tomorrow, Thursday, November 14th pre-market at 7:00 am Eastern. Conference Call Information The company will host an earnings conference call Thursday, November 14th at 4:30 pm Eastern. The conference call-in number is 877–524–8416 ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products i

    $AIRI
    Military/Government/Technical
    Industrials
  • Air Industries Group Reports Three and Six Months 2024 Financial Results and Reaffirms Fiscal 2024 Business Outlook

    Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today reported earnings results for the second quarter and six months 2024 along with an update of its 2024 business outlook. "Our second quarter reflected strength across our business," said Lou Melluzzo, CEO of Air Industries Group. "For the three months, revenues increased by 2.8% compared to the prior year, but gross profit and gross margin on sales improved dramatically. Gross profit for the second quarter increased by $474,000 or nearly 22% compared to 2023. With two quarters under our belt, 2024 is on track to be a yea

    $AIRI
    Military/Government/Technical
    Industrials

$AIRI
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more