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Stock impact report

Air Industries Group Announces Financial Results for Three and Six Months Ended June 30, 2019, Increases 2019 Full Year Financial Guidance and Investor Conference Call Monday August 12 at ...

Air Industries Group (AIRI) 
NASDAQ:AMEX Investor Relations: airindustriesgroup.com/investor-relations
Company Research Source: Business Wire
BAY SHORE, N.Y.--(BUSINESS WIRE)--Air Industries Group (“Air Industries” or the “Company”) (NYSE American: AIRI), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors announced today its results for the three and six months ended June 30, 2019. As discussed below, the Company’s financial results from continuing operations reflect significant improvement as compared to the respective prior periods.Highlights From Continuing Operations for the Three Months Ended June 30, 2019.Consolidated net sales from continuing operations for the three months ended June 30, 2019 were $ 13.4 million increasing $ 2.4 million or 21.8% compared to net sales of $11.0 million for the three months in 2018.Consolidated gross profit was $ 2.2 million increasing $ 700,000 or 46.7% compared to $ 1.5 million for the three months in 2018. Gross profit as a percentage of sales increased to 16.4% for 2019 compared to 13.6% in 2018.Operat Show less Read more
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