Last $11.61 USD
Change Today +0.06 / 0.52%
Volume 4.3K
AIRT On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

air t inc (AIRT) Snapshot

Open
$11.55
Previous Close
$11.55
Day High
$11.84
Day Low
$11.55
52 Week High
06/30/14 - $13.30
52 Week Low
09/5/13 - $10.38
Market Cap
27.3M
Average Volume 10 Days
18.8K
EPS TTM
$0.72
Shares Outstanding
2.4M
EX-Date
05/14/14
P/E TM
16.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for AIR T INC (AIRT)

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air t inc (AIRT) Details

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sales, and ground support services in the United States and internationally. Its Overnight Air Cargo segment offers small package overnight airfreight delivery services on a contract basis to the air express delivery services industry. As of March 31, 2014, this segment had approximately 80 aircraft under agreement with FedEx in the United States and the Caribbean. The company’s Ground Equipment Sales segment manufactures, sells, and services aircraft ground support and other specialized equipment, including aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other special purpose mobile equipment. This segment offers its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Ground Support Services segment provides aircraft ground support equipment, fleet, and facility maintenance services to airlines and aviation service providers. Air T, Inc. was founded in 1980 and is based in Maiden, North Carolina.

576 Employees
Last Reported Date: 06/2/14
Founded in 1980

air t inc (AIRT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
Executive Vice President, Director, Chief Exe...
Total Annual Compensation: $257.1K
Consultant
Total Annual Compensation: $189.7K
Compensation as of Fiscal Year 2014.

air t inc (AIRT) Key Developments

Air T Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Air T Inc. reported consolidated earnings results for the first quarter ended June 30, 2014. The company reported consolidated net income of approximately $72,800 or $0.03 per diluted share for the quarter ended June 30, 2014 compared to consolidated net income of approximately $139,000 or $0.06 per diluted share for the first quarter of the prior fiscal year. Consolidated revenues increased by approximately $499,000 to $21,779,000 for the quarter ended June 30, 2014 compared to $21,280,000 in the same quarter in the prior fiscal year. Operating income decreased $122,000 in the first quarter compared to the prior year quarter, with decreases in operating income in each of the company's segments. Net income benefitted from a $188,000 gain on the sale of glycol recovery vehicles that had previously been leased to the purchaser, and a reduction in corporate overhead costs, as the significant legal and administrative costs relating to an election contest settled in the prior period did not recur in the current year period.

Air T Inc. Announces Board Appointments

On July 25, 2014, Air T Inc. appointed Cheryl C.Sigmon as its Vice President-Finance, Treasurer and Secretary and designated her as the company's principal financial officer. On July 25, 2014, the company appointed Candice L. Otey as Controller of the company and designated her as the company's principal accounting officer. Ms. Sigmon joined the company in March 1983 and has served in various accounting positions, including as Chief Accounting Officer since September 2006, though in such position Ms. Sigmon was not designated as the company's principal accounting officer. Ms. Otey has served as Tax Manager of the company since May 2014. Prior to joining the company, Ms. Otey served as Senior Tax Associate of Time Warner Cable from January 2012 to May 2014 and as Senior Tax Associate of KPMG LLP from July 2008 to January 2012.

Air T, Inc. Announces Resignation of John Parry as Chief Financial Officer, Vice President-Finance, Treasurer and Secretary, Effective July 23, 2014

On June 24, 2014, John Parry, chief financial officer, vice president-finance, treasurer and secretary of Air T Inc. announced that the company of his decision to resign from his employment and all offices with the company to pursue other opportunities. Mr. Parry stated that his resignation would be effective July 23, 2014, subject to any mutually agreeable change to that schedule to accommodate the transition of his duties.

 

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Industry Analysis

AIRT

Industry Average

Valuation AIRT Industry Range
Price/Earnings 19.9x
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow 12.2x
TEV/Sales 0.2x
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