Air Industries Group (NYSE:AIRI) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Lou Melluzzo - President and Chief Executive Officer Scott Glassman - Chief Financial Officer, Principal Accounting Officer and Secretary of the Company Conference Call Participants Howard Halpern - Taglich Brothers Operator Hello, and welcome to the Air Industries Group Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2024 or ☐ Transition Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to_______ Commission File No. 001-35927 AIR INDUSTRIES GROUP (Exact name of registrant as specified in its charter) Nevada 80-0948413 (State or other jurisdiction ...

Company Performance - Air Industries (AIRI) reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of a loss of $0.21 per share, and compared to a loss of $0.12 per share a year ago, indicating a significant earnings surprise of 142.86% [1] - The company achieved revenues of $13.57 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 13.10%, and showing an increase from $13.21 million in the same quarter last year [1] - Over the last four quarters, Air Industries has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [1] Stock Performance - Air Industries shares have increased by approximately 15.4% since the beginning of the year, outperforming the S&P 500's gain of 13.9% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.12 on revenues of $13.25 million, and for the current fiscal year, it is -$0.65 on revenues of $53.01 million [4] - The trend of estimate revisions for Air Industries is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Aerospace - Defense industry, to which Air Industries belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - The performance of Air Industries' stock may be influenced by the overall industry outlook, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]

Company Performance - Air Industries (AIRI) closed at $3.27, reflecting a +1.87% change from the previous trading day's closing, outperforming the S&P 500's daily gain of 1.04% [1] - Over the past month, shares of Air Industries have depreciated by 3.46%, underperforming the Aerospace sector's gain of 3.74% and outperforming the S&P 500's loss of 6.74% [1] - The upcoming earnings report is anticipated to show an EPS of -$0.21, marking a 75% decline compared to the same quarter of the previous year, with a consensus estimate for quarterly revenue of $12 million, down 9.16% from the year-ago period [1] Full Year Estimates - For the full year, analysts expect earnings of -$0.65 per share and revenue of $53.01 million, indicating no change in earnings and a +2.9% increase in revenue from last year [2] - Recent changes to analyst estimates suggest a favorable outlook on the company's business health and profitability, with upbeat revisions reflecting near-term business trends [2] Zacks Rank and Industry Position - Air Industries currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The Aerospace - Defense industry, part of the Aerospace sector, holds a Zacks Industry Rank of 68, placing it in the top 27% of all 250+ industries [3] - The Zacks Industry Rank assesses the strength of specific industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]

The latest trading session saw Air Industries (AIRI) ending at $3.57, denoting a +0.56% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, added 0.07%.Prior to today's trading, shares of the maker of parts for the aerospace industry and defense contractors had gained 2.31% over the past month. This has lagged the Aerospace sector's gain of 4.32% and outpaced the S&P 500's loss of 0.21% in that time.In ...

In the latest trading session, Air Industries (AIRI) closed at $3.50, marking a -1.41% move from the previous day. This move lagged the S&P 500's daily gain of 1.08%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq added 1.58%.The maker of parts for the aerospace industry and defense contractors's stock has climbed by 10.25% in the past month, exceeding the Aerospace sector's loss of 1.16% and the S&P 500's gain of 0.43%.Analysts and investors alike will be keeping a close eye on the performanc ...

Air Industries (AIRI) ended the recent trading session at $3.35, demonstrating a -0.89% swing from the preceding day's closing price. This change lagged the S&P 500's 0.28% gain on the day. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq gained 0.4%.Prior to today's trading, shares of the maker of parts for the aerospace industry and defense contractors had gained 1.5% over the past month. This has outpaced the Aerospace sector's loss of 2.51% and lagged the S&P 500's gain of 3.78% in that ...

In the latest trading session, Air Industries (AIRI) closed at $3.29, marking a -0.9% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.88% for the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 1.95%.The maker of parts for the aerospace industry and defense contractors's shares have seen a decrease of 7.78% over the last month, not keeping up with the Aerospace sector's loss of 3.69% and the S&P 500's ga ...

Air Industries (AIRI) ended the recent trading session at $3.32, demonstrating a -0.9% swing from the preceding day's closing price. This change lagged the S&P 500's 0.09% gain on the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.3%.Shares of the maker of parts for the aerospace industry and defense contractors witnessed a loss of 11.14% over the previous month, trailing the performance of the Aerospace sector with its loss of 1.85% and the S&P 500's gain of 3 ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Air Industries (AIRI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.Air Industries is one of 45 individual stocks in the Aerospace sector. Collecti ...