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SC 13D/A - AIR INDUSTRIES GROUP (0001009891) (Subject)
SC 13D/A - AIR INDUSTRIES GROUP (0001009891) (Subject)
SC 13D/A - AIR INDUSTRIES GROUP (0001009891) (Subject)
Air Industries Group ("Air Industries") (NYSE:AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced it has repaid more than $1.0 million of its subordinated debt. Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "It is my pleasure to announce that we have repaid more than $1.0 million of our subordinated debt. We expect to make additional repayments in the coming months. Our goal is to substantially reduce the remaining subordinated debt while continuing to grow and enhance the profitability of the business." ABOUT AIR INDUSTRIES GROUP Air Industries Group is a leading manufacture
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 its primary lender, Webster Bank has amended the terms of its Credit Facility. Relaxing the required Covenants, permitting the repayment of Subordinated Debt, and expanding the Company's Term Loan by approximately $1.6 million. These funds will be used for the purchase of new state of the art machinery, costing approximately $1.9 million. This investment in production equipment will support the recently announced $33 million contract and will greatly increase throughput. Lou Melluzzo, Chief Executive Offi
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 its subsidiary, Sterling Engineering Company, located in Barkhamsted, CT has been highlighted in the January 27, 2025 edition of the Hartford Business Journal. The article can be accessed on the Air Industries Group website at: https://investors.airindustriesgroup.com/news-releases 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, engi
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)
8-K - AIR INDUSTRIES GROUP (0001009891) (Filer)
8-K - AIR INDUSTRIES GROUP (0001009891) (Filer)
8-K - AIR INDUSTRIES GROUP (0001009891) (Filer)
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
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
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
4 - AIR INDUSTRIES GROUP (0001009891) (Issuer)