Company Performance - Air Industries (AIRI) closed at $3.62, reflecting a -0.55% change from the previous day, underperforming the S&P 500's gain of 1.47% [1] - Over the past month, Air Industries' shares increased by 7.06%, outperforming the Aerospace sector's gain of 2.34% and the S&P 500's loss of 0.47% [1] Earnings Projections - The upcoming EPS for Air Industries is projected at -$0.04, indicating an 80.95% increase compared to the same quarter last year [2] - Revenue is expected to be $14 million, showing a 0.43% decline from the year-ago quarter [2] - For the full year, analysts expect earnings of -$0.23 per share and revenue of $57.05 million, representing changes of +43.9% and +3.52% respectively from last year [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for Air Industries are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Air Industries as 5 (Strong Sell), with a consensus EPS projection having moved 228.57% lower in the past 30 days [6] - The Aerospace - Defense industry has a Zacks Industry Rank of 146, placing it in the bottom 41% of over 250 industries, suggesting underperformance compared to higher-ranked industries [7]

Company Performance - Air Industries (AIRI) stock closed at $3.40, reflecting a +1.65% increase from the previous day, outperforming the S&P 500's gain of 0.74% [1] - The stock has decreased by 12.4% over the past month, underperforming the Aerospace sector's decline of 4.39% and the S&P 500's drop of 4.77% [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of -$0.04, indicating an 80.95% increase compared to the same quarter last year [2] - Revenue is projected at $14 million, which represents a 0.43% decrease from the equivalent quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$0.23 and revenue of $57.05 million, reflecting increases of +43.9% and +3.52% respectively from the previous year [3] - Changes in analyst estimates are crucial as they often indicate shifts in short-term business dynamics, with positive revisions suggesting a favorable business outlook [3][4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average of +25% annually since 1988 [5] - Currently, Air Industries holds a Zacks Rank of 5 (Strong Sell), with a significant 228.57% decline in the Zacks Consensus EPS estimate over the past month [5] - The Aerospace - Defense industry is ranked 171 in the Zacks Industry Rank, placing it in the bottom 32% of over 250 industries, indicating underperformance compared to higher-ranked industries [6]

Company Overview - Air Industries (AIRI) closed at $3.25, reflecting a -1.22% change from the previous day's closing price, which is worse than the S&P 500's daily loss of 0.17% [1] - Over the past month, Air Industries' shares have decreased by 16.92%, underperforming the Aerospace sector's loss of 1.42% and the S&P 500's loss of 3.94% [2] Financial Performance - The upcoming financial results for Air Industries are anticipated, with a forecasted EPS of -$0.11, indicating a 47.62% improvement compared to the same quarter last year [3] - Revenue is expected to be $13.5 million, which represents a decline of 3.98% from the prior-year quarter [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for Air Industries are being monitored, as positive revisions are seen as a favorable indicator for the company's business outlook [4] - The Zacks Rank system, which evaluates estimate changes, currently places Air Industries at a rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [6] Industry Context - The Aerospace - Defense industry, which includes Air Industries, has a Zacks Industry Rank of 164, positioning it in the bottom 34% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Rank tend to outperform those in the bottom half by a factor of 2 to 1 [7]

Financial Performance - Net sales for fiscal 2024 were $55,108,000, an increase of $3,592,000 or 7.0% compared to $51,516,000 in 2023[140] - Gross profit for fiscal 2024 was $8,932,000, up from $7,428,000 in 2023, with a gross profit margin increase to 16.2% from 14.4%[143] - Operating expenses in fiscal 2024 totaled $8,473,000, representing 15.4% of net sales, compared to 15.0% in 2023[144] - The company reported a net loss of $1,366,000 for fiscal 2024, a reduction from a net loss of $2,131,000 in 2023, marking a 35.9% improvement[146] - The company achieved an EBITDA of $3,640,000 for the twelve months ending December 31, 2024, exceeding the required $2,800,000[148] Cash Flow and Investments - Cash increased by 117.63% to $753,000 as of December 31, 2024, compared to $346,000 in 2023[139] - For the fiscal year ended December 31, 2024, the company generated cash flows from operations of $324,000, a significant decrease from $4,862,000 in fiscal 2023[159] - Cash used in investing activities was $2,285,000 in 2024, compared to $2,112,000 in 2023, primarily for new property and equipment[160] - Cash provided by financing activities for the year ended December 31, 2024, was $2,368,000, with a net increase in borrowings under the Current Credit Facility of $2,238,000[162] - The company expects to invest approximately $1,600,000 in 2025 for new or upgraded equipment to enhance competitiveness[161] - The company is obligated to pay $43,500 as an Excess Cash Flow payment for the fiscal year ended December 31, 2024[153] Customer and Sales Breakdown - Major customers in 2024 included RTX (29.3%), Lockheed Martin (25.1%), and Northrop (18.3%), with Northrop's contribution significantly increasing from 3.6% in 2023[141] - The E-2 Hawkeye and UH-60 Black Hawk Helicopter platforms accounted for 24.0% and 23.1% of net sales, respectively, in 2024[142] Contractual Obligations and Amendments - As of December 31, 2024, total unfilled contract values amounted to $271.3 million, including a backlog of $117.9 million[137] - The company entered into a Fifth Amendment on August 4, 2023, waiving a default related to the Fixed Coverage Charge Ratio and increasing the purchase money secured debt limit to $2,000,000[151] - The Sixth Amendment on November 20, 2023, revised the Fixed Charge Coverage Ratio requirements to 1.10x for Q1 2024, 1.20x for Q2 2024, and 1.25x for subsequent quarters, while allowing capital expenditures up to $2,500,000 annually[151] - The Seventh Amendment on May 31, 2024, set EBITDA requirements of $740,000 for the six months ending June 30, 2024, $1,500,000 for the nine months ending September 30, 2024, and $2,800,000 for the twelve months ending December 31, 2024[151] - As of December 31, 2024, the company has a borrowing capacity of approximately $7,095,000 under the Revolving Loan[152] Operational Efficiency - The company operates two state-of-the-art manufacturing centers in the U.S. to enhance production efficiency and quality control[134] - The company plans to engage in discussions with lenders in 2025 to explore potential extensions or refinancing of obligations[156]

Financial Performance - For the year ended December 31, 2024, net sales reached $55.1 million, a 7% increase from $51.5 million in 2023[4] - Gross profit improved to $8.9 million in 2024, up 20.2% from $7.4 million in 2023, with gross profit as a percentage of sales rising to 16.2%[4] - Operating income was $459,000 in 2024, a significant turnaround from an operating loss of $295,000 in 2023[4] - Net loss for 2024 was reduced by $765,000 to $1.4 million, an improvement of 35.9% from the prior year[4] - Adjusted EBITDA for fiscal 2024 was $3.6 million, an increase of nearly $1.0 million or 35.3% from $2.7 million in 2023[5] - Operating expenses increased by 9.7% to $8.5 million in 2024, reflecting higher non-cash stock compensation expenses[4] Business Growth - New bookings increased by 15% compared to 2023, with a "book-to-bill" ratio of 1.30x, exceeding the aerospace industry benchmark of 1.20x[6] - Total backlog now exceeds $250 million, marking a new record for the company[6] - The company anticipates that year-end 2025 results will exceed those of 2024, continuing the positive trend established[10] Awards and Recognition - The company received the Northrop Grumman Supplier Excellence award in February 2025, an honor granted to less than 0.5% of their 11,000 suppliers[10]

Company Performance - Air Industries (AIRI) closed at $4, showing no change from the previous session, which is a narrower change compared to the S&P 500's 1.78% loss on the same day [1] - Over the past month, shares of Air Industries have decreased by 7.41%, underperforming the Aerospace sector's loss of 1.93% and the S&P 500's loss of 3.48% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for Air Industries is projected at $0.02, indicating a significant 66.67% decline compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $14 million, reflecting a 3.93% increase from the year-ago period [2] Analyst Estimates - Recent adjustments to analyst estimates for Air Industries are crucial as they indicate changing near-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system that can help investors make informed decisions [4] Zacks Rank and Industry Position - Air Industries currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5] - The Aerospace - Defense industry, part of the Aerospace sector, has a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries, indicating strong performance potential [6]

Company Performance - Air Industries (AIRI) closed at $3.95, reflecting a -1.74% change from the previous day, underperforming compared to the S&P 500's loss of 0.43% [1] - Over the past month, shares of Air Industries have decreased by 7.59%, significantly lagging behind the Aerospace sector's loss of 1.55% and the S&P 500's gain of 2.6% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $0.02, indicating a 66.67% decline from the same quarter last year [2] - Revenue is projected to be $14 million, which represents a 3.93% increase compared to the equivalent quarter last year [2] Analyst Projections - Recent shifts in analyst projections for Air Industries should be monitored, as positive estimate revisions indicate optimism regarding the company's business and profitability [3] - The Zacks Rank system, which integrates estimate changes, currently ranks Air Industries at 3 (Hold), with no changes in the consensus EPS projection over the past 30 days [5] Industry Context - The Aerospace - Defense industry, part of the Aerospace sector, holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Viewpoint - Air Industries (AIRI) is experiencing a decline in stock performance, with a notable decrease in earnings per share projected for the upcoming earnings disclosure, despite a slight revenue growth forecast [1][2]. Company Performance - Air Industries closed at $4.02, reflecting a -0.25% change from the previous day, underperforming compared to the S&P 500's gain of 0.24% [1]. - Over the past month, the stock has depreciated by 6.93%, contrasting with the Aerospace sector's loss of 1.42% and the S&P 500's gain of 2.37% [1]. - The projected earnings per share (EPS) for the upcoming quarter is $0.02, indicating a 66.67% decrease from the same quarter last year [2]. - Revenue is estimated to be $14 million, showing a 3.93% growth compared to the corresponding quarter of the previous year [2]. Analyst Estimates - Recent changes to analyst estimates for Air Industries indicate a dynamic business environment, with positive revisions reflecting optimism about the company's profitability [3]. - The Zacks Rank system, which assesses estimate changes, currently ranks Air Industries at 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [5]. Industry Context - The Aerospace - Defense industry, which includes Air Industries, holds a Zacks Industry Rank of 127, placing it in the top 50% of over 250 industries [5]. - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [6].

Company Performance - Air Industries (AIRI) closed at $4.23, showing no change from the previous day's closing price, underperforming compared to the S&P 500's gain of 0.03% [1] - The stock has decreased by 1.17% over the past month, lagging behind the Aerospace sector's gain of 4.66% and the S&P 500's gain of 4.19% [1] Earnings Report Expectations - The upcoming EPS for Air Industries is projected at $0.02, reflecting a significant 66.67% decline compared to the same quarter last year [2] - Revenue is estimated to be $14 million, indicating a 3.93% increase compared to the same quarter of the previous year [2] Analyst Estimates and Rankings - Recent changes to analyst estimates for Air Industries are important as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks Air Industries at 3 (Hold), with the consensus EPS estimate remaining steady over the past month [5] Industry Context - The Aerospace - Defense industry, which includes Air Industries, has a Zacks Industry Rank of 141, placing it in the bottom 44% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Viewpoint - Air Industries Group (AIRI) has secured a significant contract exceeding $33 million for the CH-53K King Stallion helicopter program, enhancing its role in U.S. Department of Defense procurement initiatives [1] Company Summary - The contract will see all components manufactured at AIRI's Sterling Engineering Division in Connecticut [2] - With over 80 years of experience in military aircraft parts production, Air Industries is well-positioned to capitalize on the growing Military Aircraft Maintenance, Repair, and Overhaul (MRO) market [5] - The company produces critical components such as landing gear, flight controls, and turbine engine parts, which are essential for the operational safety of military aircraft [5] - AIRI shares have increased by 28.2% over the past six months, contrasting with a 3.3% decline in the aerospace and defense industry [10] Industry Summary - Increasing defense budgets and advancements in aerospace technology are driving demand for maintenance and upgrade solutions, particularly for combat helicopters [3] - The Military Aircraft MRO market is projected to grow at a CAGR of 2.8% from 2024 to 2029 [4] - Other defense companies expected to benefit from the expanding MRO market include RTX Corporation, Lockheed Martin, and Curtiss-Wright Corporation, each with notable growth rates and sales estimates for 2024 [6][7][8][9]