Last $10.19 USD
Change Today -0.03 / -0.29%
Volume 5.7K
AIRI On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

air industries group (AIRI) Snapshot

Open
$10.35
Previous Close
$10.22
Day High
$10.35
Day Low
$10.01
52 Week High
05/13/14 - $13.12
52 Week Low
08/29/13 - $5.97
Market Cap
72.3M
Average Volume 10 Days
9.4K
EPS TTM
$0.64
Shares Outstanding
7.1M
EX-Date
06/26/14
P/E TM
16.0x
Dividend
$0.60
Dividend Yield
5.40%
Current Stock Chart for AIR INDUSTRIES GROUP (AIRI)

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air industries group (AIRI) Details

Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, and other components; sheet metal fabrication of aero structures; wiring harnesses, and other electro-mechanical and electronic assemblies; and tube bending, welding, and sub-contract machining services. Its products are deployed on a range of military and commercial aircraft, including Sikorsky's UH-60 Blackhawk helicopter, Lockheed Martin's F-35 Joint Strike Fighter (JSF), Northrop Grumman's E2D Hawkeye, Boeing's 777, Airbus' 380 commercial airliners, and the US Navy F-18 and USAF F-16 fighter aircraft. The company also provides electromechanical devices, mixer assemblies, and rotor-hub components for Blackhawk helicopters; arresting gear for the E2C/D Hawkeye, C2A Greyhound, and US Navy Fighters; vibration absorbing assemblies for Sikorsky helicopters; landing gear components for the F-35 JSF; and other subassembly packages. It serves prime contractors, aerospace engine manufacturers, other subcontractors to aerospace manufacturers, original equipment manufacturers, members of the defense and commercial aerospace industry supply chains, and the U.S. and foreign governments. The company was incorporated in 2006 and is headquartered in Bay Shore, New York.

250 Employees
Last Reported Date: 03/25/14
Founded in 2006

air industries group (AIRI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $249.2K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $150.3K
President of Air Industries Machining Corpora...
Total Annual Compensation: $246.7K
President of Welding Metallurgy Inc
Total Annual Compensation: $203.5K
Compensation as of Fiscal Year 2013.

air industries group (AIRI) Key Developments

Air Industries Group Approves Quarterly Cash Dividend, Payable on July 10, 2014

Air Industries Group announced that its Board of Directors has approved a quarterly cash dividend to its shareholders. A quarterly dividend of $0.15 per common share will be paid on July 10, 2014, to all shareholders of record as of the close of business on June 30, 2014.

Air Industries Group Provides Earnings Guidance for the Second Quarter of 2014 and Sales Guidance for the Year Ending December 31, 2014

Air Industries Group provided earnings guidance for the second quarter of 2014 and sales guidance for the year ending December 31, 2014. The company anticipates consolidated net sales for the second quarter ending on June 30, 2014, will be approximately $12.5 million; a decrease of approximately $3.0 million from first quarter net sales of $15.5 million. The company still anticipates that positive EBITDA for the second quarter of 2014. The company anticipates that net sales for the year ending December 31, 2014 will be approximately $64.5 million, in line with previous expectation for the year and results for 2013. These amounts do not include sales from previously announced two acquisitions which have not yet closed.

Air Industries Group Reports Earnings Results for the First Quarter Ended March 31, 2014

Air Industries Group reported earnings results for the first quarter ended March 31, 2014. For the three months ended March 31, 2014, consolidated net sales were $15,453,000, an increase of $1,128,000 or 8% compared to consolidated net sales of $14,325,000 for the first quarter of the prior year. For the three months ended March 31, 2014 consolidated operating income was $1,229,000, an increase of $51,000 or 4% from $1,178,000 for the prior year. Consolidated income before tax was $925,000, an increase of $157,000 or 20% from $768,000 in the prior year. Consolidated net income was $341,000, an increase of $62,000 or 22% compared with $279,000 for the prior year. Diluted earnings per common share were $0.06 for the first quarter of 2014, an increase of $0.01 or approximately 20% from $0.05 for the prior year.

 

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Industry Analysis

AIRI

Industry Average

Valuation AIRI Industry Range
Price/Earnings 16.2x
Price/Sales 0.9x
Price/Book 2.8x
Price/Cash Flow 19.1x
TEV/Sales 0.8x
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