AIR INDUSTRIES GROUP (AIRI) Form 8-K — Nov 9, 2026
Air Industries Group (NYSE American: AIRI) reported a sharply improved third quarter, with net sales of $14.6 million up 41.1% year-over-year and net income of $946,000 ($0.19 diluted EPS) versus a ($44,000) loss in Q3 2025. Gross margin expanded 330 basis points to 25.5% and Adjusted EBITDA more than doubled to $2.7 million, even after absorbing $503,000 of merger-related expenses tied to the pending Tenax Aerospace acquisition. Pro forma, excluding merger and stock compensation costs, EPS was $0.31 versus $0.03 a year ago. For the nine months, sales rose 8.7% to $38.2 million with the net loss narrowing to ($902,000) from ($1.5 million); Adjusted EBITDA doubled to $5.4 million.
Key figures
- Eps
- 0.19
- Revenue
- 14551000
- Guidance
- Company expects improved financial performance to continue for Q4 and into 2027; October 2026 net sales ~$5.6 million; backlog of firm customer orders totaling $95.4 million.
- Net Income
- 946000
- Backlog
- 95400000
- Q3 gross margin
- 25.5%
- Q3 gross profit
- 3705000
- Q3 proforma eps
- 0.31
- Nine month revenue
- 38152000
- October 2026 sales
- 5600000
- Q3 adjusted ebitda
- 2684000
- Q3 operating income
- 1299000
- Nine month revenue growth
- 8.7%
- Q3 adjusted ebitda growth
- 112.0%
- Nine month adjusted ebitda
- 5426000
- Q3 operating income growth
- 311%
- Q3 prior year gross margin
- 22.2%
- Nine month proforma net income
- 1700000
- Nine month adjusted ebitda growth
- 104.4%
AI analysis
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