Air Industries Group Reports Strong Q3 2024 Results and Reaffirms Positive Fiscal 2024 Outlook with Expanding Backlog and Improved Profit Margins [Yahoo! Finance]
Air Industries Group (AIRI)
NASDAQ:AMEX Investor Relations:
airindustriesgroup.com/investor-relations
Company Research
Source: Yahoo! Finance
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 in Q3 2023. Net loss narrowed to $404,000, an improvement of nearly $895,000 or 69% over Q3 2023. Adjusted EBITDA (as defined below) was $845,000, an increase of $898,000 from a loss position in 2023. Third Quarter September (Unaudited) Net Sales Cost of Sales Gross Profit Gross Margin Operating Expense Operating Income Interest Expense Other Income (net) Income (Los
Show less
Read more
Impact Snapshot
Event Time:
AIRI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AIRI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AIRI alerts
High impacting Air Industries Group news events
Weekly update
A roundup of the hottest topics
AIRI
News
- Air Industries Group Secures $33 Million Contract for the CH-53K King Stallion Heavy-Lift Helicopter Components [Yahoo! Finance]Yahoo! Finance
- Air Industries Group Secures $33 Million Contract for the CH-53K King Stallion Heavy-Lift Helicopter ComponentsBusiness Wire
- Air Industries Secures a Contract to Supply Landing Gear Assemblies [Yahoo! Finance]Yahoo! Finance
- Air Industries Group Secures $11 Million Contract for Landing Gear Assemblies for the US Navy E-2D Advanced Hawkeye AircraftBusiness Wire
- Air Industries Group Secures $4.0 Million Contract for F-35 Arresting Gear Components [Yahoo! Finance]Yahoo! Finance
AIRI
Earnings
- 11/14/24 - Miss
AIRI
Sec Filings
- 12/20/24 - Form 8-K
- 12/20/24 - Form EFFECT
- 12/13/24 - Form S-3
- AIRI's page on the SEC website