Last $10.62 USD
Change Today +0.04 / 0.38%
Volume 9.2K
AIRI On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

air industries group (AIRI) Snapshot

Open
$10.49
Previous Close
$10.58
Day High
$10.81
Day Low
$10.49
52 Week High
05/13/14 - $13.12
52 Week Low
11/1/13 - $7.51
Market Cap
75.4M
Average Volume 10 Days
14.4K
EPS TTM
$0.69
Shares Outstanding
7.1M
EX-Date
06/26/14
P/E TM
15.5x
Dividend
$0.60
Dividend Yield
5.18%
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 Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Air Industries Group Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the six months, the company reported consolidated net sales were $28,813,000, a decrease of $152,000 or less than 1% compared to consolidated net sales of $28,965,000 for the comparable period of the prior year. Consolidated operating income was $1,486,000, a decrease of $771,000 or 34% from $2,257,000 for the first half of the prior year. Consolidated income before tax for the first half of 2014 was $816,000, a decrease of $608,000 or 43% from consolidated income before tax of $1,424,000 in the prior year. Consolidated net income for the first half of 2014 was $957,000, an increase of $452,000 or 90% compared with $505,000 for the first half of 2013. Diluted earnings per common share were $0.15 for the six months ended June 30, 2014, an increase of $0.06 or approximately 67% from $0.09 for the first six months of the prior year. For the three months ended June 30, 2014, consolidated net sales were $13,360,000, a decrease of $1,279,000 or 9% compared to consolidated net sales of $14,639,000 for the second quarter of the prior year. Consolidated operating income was $257,000, a decrease of $821,000 or 77% from $1,078,000 for second quarter of the prior year. Consolidated loss before tax was $109,000 for the second quarter 2014, a decrease of $765,000 or 116% from income before tax of $656,000 in second quarter of the prior year. Consolidated net income for the period was $616,000, an increase of $390,000 or 173% compared with $226,000 for the comparable period of the prior year. Diluted earnings per common share were $0.09 for the three months ended June 30, 2014, an increase of $0.05 or approximately 125% from $0.04 for the comparable period of the prior year.

Air Industries In Talks For Acquisitions

Air Industries Group (AMEX:AIRI) in talks for acquisitions. Peter Rettaliata, Chief Executive Officer of Air Industries Group said: “We have previously announced a possible acquisition in the South West and we continue to be in discussions with this company. We are in various stages of discussions with four additional acquisition opportunities."

Air Industries Group, Annual General Meeting, Aug 05, 2014

Air Industries Group, Annual General Meeting, Aug 05, 2014., at 13:00 US Eastern Standard Time. Location: Air Industries Group. Agenda: To elect seven directors; to ratify the appointment of Rotenberg Meril Solomon Bertiger & Guttilla, P.C as the independent registered public accounting firm for the fiscal year ending December 31, 2014; and to transact such other business as may properly come before the Annual Meeting and at any adjournment or postponement thereof.

 

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Industry Analysis

AIRI

Industry Average

Valuation AIRI Industry Range
Price/Earnings 15.7x
Price/Sales 1.1x
Price/Book 2.4x
Price/Cash Flow 17.9x
TEV/Sales 0.9x
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