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AIR INDUSTRIES GROUP

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 02/13/2018)

Symbol: AIRI
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $2.50
Time Horizon: 12 Months
Rating Established: July 28, 2017
Price When Established: $1.38
Most Recent Report: February 13, 2018
Price When Issued: $1.40


What's New

Air Industries Reports 1Q18 Results

On May 15, 2018, Air Industries Group (NYSE AMEX: AIRI) reported results for its first quarter ended March 31, 2018.

For the quarter, the company reported revenue decreased 3.4% to $12.2 million from $12.7 million. Air Industries reported a net loss of $1.5 million or $(0.06) per share in 1Q18 versus a net loss of $1.2 million or $(0.15) per share in 1Q17.


Air Industries Announces Preliminary 2017 Financial Results

On April 3, 2018, Air Industries Group (NYSE AMEX: AIRI) announced preliminary results for its fiscal year ended December 31, 2017.

For 2017, the company expects to report a 5.5% decrease in revenue to $63 million from $66.7 million in 2016. Excluding revenue from WMI of which its sale was announced on March 21, 2018, and AMK which was sold in January 2017, AIRI’s revenue increased 5.8% to $49.5 versus $46.8 million in 2016.

Taglich Brothers estimates were for 2017 revenue of $66 million.


Air Industries to Sell its Welding Metallurgy Subsidiary

On March 23, 2018, Air Industries Group (NYSE MKT: AIRI) announced it entered into a definitive agreement to sell its Welding Metallurgy (WMI) subsidiary for $9 million in cash to CPI Aerostructures Inc. The agreement also calls for up to $1 million in cash to be paid to Air Industries if WMI enters into certain long-term supply agreements during 2018.


Company Description

Air Industries Group, headquartered in Bay Shore, New York, operates primarily in the aerospace and defense industry. The company designs and manufactures structural parts and assemblies, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants and other components. Air Industries also provides sheet metal fabrication of aerostructures, tube bending and welding services.


Company Reports

Updated Research Report (Dated February 13, 2018)
Research Note Released (Dated July 28, 2017)
Updated Research Report (Dated September 30, 2016)
Updated Research Report (Dated December 15, 2015)
Updated Research Report (Dated October 1, 2015)
Updated Research Report (Dated April 17, 2015)
Updated Research Report (Dated December 9, 2014)
Updated Research Report (Dated August 21, 2014)
Updated Research Report (Dated June 20, 2014)
Initial Research Report (Dated December 18, 2013)

Disclaimer

Please view our current disclosure and disclaimer on our most recent research report.