Air Industries Group (AIRI) Q3 2026 earnings summary

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.