Air Industries Group Announces Solid Financial Results for the Three and Nine Months Ended September 30, 2025
MWN-AI** Summary
Air Industries Group (NYSE American: AIRI), a key player in manufacturing precision components for the aerospace and defense sectors, reported its financial results for the three and nine months ending September 30, 2025.
In the third quarter, the company generated net sales of $10.3 million, a drop from $12.6 million in the same quarter of the previous year. However, notable improvements were observed in its Adjusted EBITDA, which increased to $1.3 million, up from $845,000 year-over-year. Gross profit reached $2.3 million, corresponding to a gross margin of 22.3%, compared to 15.5% in Q3 2024. Operating expenses rose to $2.0 million, reflecting a 5.6% increase, but operating income also surged to $316,000, compared to $67,000 in the prior year. The net loss was reduced significantly to $44,000, compared to $404,000 in 2024.
For the nine-month period, net sales totaled $35.1 million, lower than $40.2 million in 2024; however, Adjusted EBITDA improved to $2.7 million from $2.6 million. Gross profit was reported at $6.4 million, yielding a gross margin of 18.1%. Operating loss for the nine-month period stood at $422,000, with a net loss of $1.5 million, widening from the $812,000 loss reported a year prior.
CEO Lou Melluzzo highlighted the positive momentum in the third quarter, attributing improvements in margins and EBITDA to expense management efforts. He expressed optimism about maintaining profitability and operational efficiency as the company moves into the fourth quarter. A conference call discussing these results is scheduled for November 17, 2025. Overall, Air Industries' Q3 results indicate a trajectory of recovery despite ongoing challenges in sales and profitability.
MWN-AI** Analysis
Air Industries Group's recent financial results for the third quarter and nine months ended September 30, 2025, reveal a nuanced yet encouraging picture for investors, highlighting solid growth in gross profit and Adjusted EBITDA, which could indicate a potential turnaround.
For Q3 2025, the company reported net sales of $10.3 million, albeit lower than the previous year's $12.6 million. Despite this, gross profit improved significantly to $2.3 million, translating to a gross margin of 22.3%, a marked increase from 15.5%. This indicates effective cost management and operational efficiency, critical in the aerospace and defense sector where margins are typically tight.
Importantly, the reduction in net loss from $404,000 in 2024 to just $44,000 this year suggests a positive trajectory, further evidenced by an increase in Adjusted EBITDA to $1.3 million from $845,000. This illustrates the company's effectiveness in improving operational performance and cost management.
Over the nine-month period, while net sales decreased to $35.1 million from $40.2 million in 2024, the increase in Adjusted EBITDA to $2.7 million indicates that the company's efforts to enhance profitability are gaining traction, despite operating expenses increasing. The focus on driving profitability suggests the company is working diligently to align its resources effectively.
Investors should pay attention to Air Industries' plans for Q4 2025 and beyond, especially in relation to its cost-cutting initiatives and operational efficiencies. With a strategy focused on profitability and solid improvements in key financial metrics, Air Industries may be poised for further growth. As they continue to navigate the challenges of the aerospace sector, stakeholders might find opportunities for strategic entry points, especially if the company can maintain its positive momentum moving forward.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Air Industries Group (“Air Industries”) (NYSE American: AIRI) , a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced Financial Results for the Three and Nine months ended September 30, 2025.
Third Quarter Results
Net sales for the three months ended September 30, 2025 were $10.3 million and Adjusted EBITDA (a Non-GAAP) financial measure was $1.3 million. Other financial metrics reported were:
- Gross profit for the three months ended September 30, 2025 was $2.3 million.
- Gross profit as a percentage of sales was 22.3%.
- Operating expenses for the three months ended September 30, 2025 were $2.0 million, increasing $105,000 or 5.6% compared to the same period in 2024.
- Operating income was $316,000.
- Net loss for 2025 was $44,000 compared to a net loss of $404,000 in 2024.
Summary Income Statement and EBITDA
| Third Quarter Sep't (Unaudited) | |||||||
2025 | 2024 | ||||||
| Net Sales | $ | 10,309,000 | $ | 12,555,000 | |||
| Cost of Sales | 8,014,000 | 10,614,000 | |||||
| Gross Profit | 2,295,000 | 1,941,000 | |||||
| Gross Margin | 22.3 | % | 15.5 | % | |||
| Operating Expense | 1,979,000 | 1,874,000 | |||||
| Operating Income | 316,000 | 67,000 | |||||
| Interest Expense | (466,000 | ) | (482,000 | ) | |||
| Other Income (net) | 106,000 | 11,000 | |||||
| Income (Loss) before Income Taxes | (44,000 | ) | (404,000 | ) | |||
| Income Taxes | - | - | |||||
| Net Income (Loss) | $ | (44,000 | ) | $ | (404,000 | ) | |
| Net Income (Loss) per Share | $ | (0.01 | ) | $ | (0.12 | ) | |
| Reconciliation of EBITDA To GAAP | |||||||
| Net Income (Loss) | $ | (44,000 | ) | $ | (404,000 | ) | |
| Interest Expense | 466,000 | 482,000 | |||||
| Depreciation | 676,000 | 560,000 | |||||
| Amortization | 17,000 | 17,000 | |||||
| Stock Compensation | 166,000 | 190,000 | |||||
| Adjusted EBITDA | $ | 1,281,000 | $ | 845,000 | |||
| All Amounts are Unaudited. |
Nine Months ended September Results:
Net sales for the nine months ended September 30, 2025 were $35.1 million and Adjusted EBITDA, a Non-GAAP financial measure, was $2.7 million. Other financial metrics reported were:
- Gross profit for the nine months ended September 30, 2025 was $6.4 million.
- Gross profit as a percentage of sales was 18.1%.
- Operating expenses for the nine months ended September 30, 2025 were $6.8 million.
- Operating loss for the nine months ended September 30, 2025 was $422,000.
- Net loss for 2025 was $1.5 million compared to a loss of $812,000 in 2024.
Summary Income Statement and EBITDA
| Nine Months Sep't (Unaudited) | |||||||
2025 | 2024 | ||||||
| Net Sales | $ | 35,111,000 | $ | 40,188,000 | |||
| Cost of Sales | 28,754,000 | 33,697,000 | |||||
| Gross Profit | 6,357,000 | 6,491,000 | |||||
| Gross Margin | 18.1 | % | 16.2 | % | |||
| Operating Expense | 6,779,000 | 5,931,000 | |||||
| Operating Income | (422,000 | ) | 560,000 | ||||
| Interest Expense | (1,354,000 | ) | (1,418,000 | ) | |||
| Other Income (net) | 322,000 | 46,000 | |||||
| Income (Loss) before Income Taxes | (1,454,000 | ) | (812,000 | ) | |||
| Income Taxes | - | - | |||||
| Net Income (Loss) | $ | (1,454,000 | ) | $ | (812,000 | ) | |
| Loss per Share | $ | (0.36 | ) | $ | (0.24 | ) | |
| Reconciliation of EBITDA To GAAP | |||||||
| Net Income (Loss) | $ | (1,454,000 | ) | $ | (812,000 | ) | |
| Interest Expense | 1,354,000 | 1,418,000 | |||||
| Depreciation | 1,961,000 | 1,661,000 | |||||
| Amortization | 51,000 | 51,000 | |||||
| Stock Compensation | 836,000 | 302,000 | |||||
| Adjusted EBITDA | $ | 2,748,000 | $ | 2,620,000 | |||
| All Amounts are Unaudited. |
Overall, our operating results for the third quarter of fiscal 2025 have improved compared to the same period last year and the first two quarters of fiscal 2025.
Lou Melluzzo, Chief Executive Officer of Air Industries Group, commented: “Our results for the third quarter of 2025 were solid and demonstrated measurable improvements in Adjusted EBITDA. Our effort to reduce expenses are paying off, as evidenced by a significant improvement in gross margins. As we enter the fourth quarter of fiscal 2025, we remain focused on driving profitability and operational efficiency. We are looking forward to a strong finish to the year.”
Conference Call Information
Air Industries Group will host a conference call to discuss Financial Results for the Third Quarter and Nine Months of 2025 on Monday November 17 th at 8:00 am Eastern.
The conference call-in number is 877–524–8416.
ABOUT AIR INDUSTRIES GROUP
Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether it is a small individual component or complete assembly, its high quality and extremely reliable products are used in mission critical operations that are essential for the safety of military personnel and civilians.
FORWARD LOOKING STATEMENTS
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA, the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
NON-GAAP FINANCIAL MEASURES
The Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes the financial impact of transactions such as interest expense necessary to conduct the Company’s business and therefore are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because items such as amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet occurred, are out of the Company’s control, or cannot be predicted. For example, quantification of stock-based compensation is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.
Anyone wishing to contact us or send a message can also do so by visiting: www.airindustriesgroup.com/contact-us/
View source version on businesswire.com: https://www.businesswire.com/news/home/20251114671248/en/
Air Industries Group
Chief Financial Officer
631-328-7039
FAQ**
How does Air Industries Group AIRI plan to improve its net sales performance in comparison to the $10.3 million reported for Q3 2025, given that it had $12.6 million in Q3 2024?
What specific cost-cutting measures is Air Industries Group AIRI implementing to enhance profitability, particularly considering the increase in operating expenses to $2.0 million in Q3 2025?
In light of the reduced net loss for Q3 2025, what strategies is Air Industries Group AIRI considering to achieve a net profit moving forward?
How does the recent improvement in Adjusted EBITDA for Air Industries Group AIRI relate to the overall goals for the fourth quarter of fiscal 2025 and beyond?
**MWN-AI FAQ is based on asking OpenAI questions about Air Industries Group (NYSE: AIRI).
NASDAQ: AIRI
AIRI Trading
0.3% G/L:
$3.36 Last:
7,634 Volume:
$3.34 Open:
