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Air Industries Group (AIRI) investor relations material
Air Industries Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2026 net sales rose 41.1% YoY to $14.6M, gross margin improved 330 bps to 25.5%, and net income was $946K versus a $44K loss.
For 9M 2026, GAAP net loss narrowed to $902K from $1.454M; excluding merger costs and stock compensation, net income was $1.7M, or $0.35/share.
Financial highlights
Q3 gross profit increased 61.4% YoY to $3.7M; operating income rose to $1.299M from $316K.
Q3 diluted EPS was $0.19 versus a $0.01 loss; excluding merger costs and stock compensation, pro forma EPS was $0.31 versus $0.03.
9M sales increased 8.7% YoY to $38.2M; gross profit rose 38.3% to $8.8M, and gross margin increased 490 bps to 23.0%.
9M operating income was $368K versus a $422K loss; diluted loss/share improved to $0.19 from $0.36.
9M operating expenses included $2.6M of merger-related and stock-compensation costs; excluding these items, expenses declined 3.7%.
Outlook and guidance
Improved financial performance is expected to continue in Q4 2026 and into 2027.
October 2026 sales were $5.6M, consistent with or above the Q3 monthly revenue pace; firm customer-order backlog totaled $95.4M.
- Net sales declined, losses widened, and major debt maturities pose significant going concern risks.AIRI
Q2 2026 - Gross margin rose to 22.4% despite lower sales and ongoing credit facility default.AIRI
Q1 2026 - Shareholders will vote on a merger giving Tenax Members 96% control, with major governance and capital changes.AIRI
Proxy filing - Net sales fell 13% to $47.9M, with a net loss of $1.3M and a pending merger set to dilute shareholders.AIRI
Q4 2025 - Revenue, margins, and backlog improved in Q3 2024, but going concern risks persist.AIRI
Q3 2024 - Backlog and profitability are rising as new contracts and market expansion drive future growth.AIRI
The MicroCap Rodeo Fall Conference 2024 - Q2 net income turned positive as margins improved and backlog surpassed $100M.AIRI
Q2 2024 - Gross margin and Adjusted EBITDA improved despite lower sales and higher net loss, with record backlog.AIRI
Q1 2025 - Revenue, margins, and backlog hit new highs in 2024, setting up for further growth in 2025.AIRI
Q4 2024
Next Air Industries Group earnings date
Next Air Industries Group earnings date
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