Air Industries Group, Inc. announced consolidated earnings results for the first quarter ended March 31, 2013. For the three months ended March 31, 2013, consolidated net sales were $14,325,000 a decrease of $1,713,000 or 11% compared to net sales of $16,038,000 for the first three months of the prior year. Consolidated income from operations for the three months ended March 31, 2013 was $1,178,000, a decrease of $419,000 or 26% from $1,597,000 for three months ended March 31, 2012. Consolidated net income for the three months ended March 31, 2013 was $279,000, a decrease of $541,000 or 66% compared with $820,000 for the three months ended March 31, 2012. Earnings per common share for the quarter were $0.05 a decrease of $0.18 or 79% compared with $0.23 for the first quarter of the prior year. This resulted from the decrease in consolidated net income for the three months end March 31, 2013, an increase in income tax expense due to the full utilization of net operating loss carry forward during 2012 and the increase in the number of shares outstanding. Income before tax was $768,000 against $1,106,000 for the same period last year.

Air Industries Group, Inc. (OTCBB:AIRI) is seeking acquistions. Peter Rettaliata, Chief Executive Officer of Air Industries, said, "We also continue to look for select, accretive acquisitions that offer a strategic 'multiplier effect' of adding additional capabilities which can then be marketed both to existing and new customers."

On April 19, 2013, Dario Peragallo resigned as a director of Air Industries Group, Inc.