Air Industries Group Announces Significantly Improved Results for 2019 With Double Digit Increases in Revenue, Gross Profit and Operating Profitability for the Year
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 (NYSE AMEX: AIRI):Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors today announced its fiscal 2019 results.Fiscal 2019 Highlights from Continuing OperationsConsolidated net sales from continuing operations were $54.6 million in 2019 a significant increase of $10.1 million or 23% compared to $44.5 million in 2018.Consolidated gross profit from continuing operations, was $9.1 million in 2019 and increased dramatically by $3.7 million or 69% from $5.4 million in fiscal 2018. Gross profit as a percentage of sales increased to 16.7% for 2019 from 12.1% in 2018. This improved gross profit results in part from increased manufacturing through-put absorbing manufacturing overhead and cost savings resulting from the consolidation of factories on Long Island.Operating expenses from continuing operations
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AIRI
Earnings
- 11/14/24 - Miss
AIRI
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form 8-K
- AIRI's page on the SEC website