Company Quick10K Filing
Air Industries
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 29 $29
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-19 Quarter: 2018-09-30
10-Q 2018-08-15 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-04-18 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-18 Quarter: 2017-06-30
10-Q 2017-05-30 Quarter: 2017-03-31
10-K 2017-04-19 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-18 Quarter: 2016-06-30
10-Q 2016-05-16 Quarter: 2016-03-31
10-K 2016-04-04 Annual: 2015-12-31
10-Q 2015-11-16 Quarter: 2015-09-30
10-Q 2015-08-12 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-K 2015-03-31 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-25 Annual: 2013-12-31
10-Q 2013-11-13 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
8-K 2020-01-15 Enter Agreement, Exhibits
8-K 2020-01-14 Regulation FD, Exhibits
8-K 2019-12-31 Regulation FD, Exhibits
8-K 2019-12-31 Enter Agreement, Leave Agreement, Exhibits
8-K 2019-12-04 Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-09-27 Other Events
8-K 2019-08-08 Earnings, Regulation FD, Exhibits
8-K 2019-06-25 Shareholder Vote
8-K 2019-04-29 Earnings, Regulation FD, Exhibits
8-K 2019-04-03 Regulation FD, Exhibits
8-K 2019-03-26 Earnings, Regulation FD, Exhibits
8-K 2019-02-25 Regulation FD, Exhibits
8-K 2019-01-15 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-01-02 Enter Agreement, Exhibits
8-K 2018-12-20 M&A, Regulation FD, Exhibits
8-K 2018-11-29 Shareholder Vote
8-K 2018-11-27 Regulation FD, Exhibits
8-K 2018-11-20 Earnings, Regulation FD, Exhibits
8-K 2018-10-03 Regulation FD, Exhibits
8-K 2018-09-28 Enter Agreement, Sale of Shares, Other Events, Exhibits
8-K 2018-07-05 Other Events
8-K 2018-07-03 Leave Agreement, Regulation FD, Exhibits
8-K 2018-05-17 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-05-15 Earnings, Regulation FD, Exhibits
8-K 2018-04-19 Earnings, Regulation FD, Exhibits
8-K 2018-04-03 Regulation FD, Exhibits
8-K 2018-03-21 Regulation FD, Exhibits
8-K 2018-01-09 Sale of Shares, Exhibits

Air Industries Financials

AIRI Metrics, Comps, Filings

Annual | Quarterly

Business

As used in this report, unless otherwise stated or the context requires otherwise, the “Company” and terms such as “we,” “us” “our,” and “AIRI” refer to Air Industries Group, a Nevada corporation, and its directly and indirectly wholly-owned subsidiaries.

We are an aerospace and defense company. We manufacture and design structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, components for jet engines and other components. Our products are currently deployed on a wide range of high profile military and commercial aircraft including Sikorsky's UH-60 Black Hawk, Lockheed Martin's F-35 Joint Strike Fighter, Northrop Grumman's E2 Hawkeye, Boeing's 777, Airbus' 380 commercial airliners, the US Navy F-18 and USAF F-16 fighter aircraft. Our Turbine Engine sector makes components for jet engines that are used on the USAF F-15, the Airbus A-330 and A-380, and the Boeing 777, in addition to a number of ground turbine applications.

We became a public company in 2005 when our net sales were approximately $30 million. Air Industries Machining, Corp. (“AIM”), our principal subsidiary, has manufactured components and subassemblies for the defense and commercial aerospace industry for over 50 years and has established long-term relationships with leading defense and aerospace manufacturers


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Aerojet Rocketdyne Holdings (AJRD) 3,447,504 20% 10.6 7% 2,549,000 2,028,000 1,913,400 383,100 171,300 336,800 3,570,404
Kratos Defense & Security Solutions (KTOS) 2,426,492 27% 67.4 1% 1,173,600 598,700 672,100 182,600 13,800 38,200 2,572,792
Grana & Montero (GRAM) 2,217,480 0% 7,430,396 4,940,465 0 0 0 0 2,217,480
Granite Construction (GVA) 2,120,834 7% 20.2 -2% 2,558,141 1,350,733 3,357,257 240,614 -59,433 118,064 2,385,344
Astronics (ATRO) 1,377,510 24% 5.7 23% 767,263 292,297 812,863 192,189 175,503 258,842 1,482,686
Construction Partners (ROAD) 740,490 15% 9.0 8% 509,024 182,841 761,622 112,541 41,712 81,682 733,003
Great Lakes Dredge & Dock (GLDD) 704,492 23% 10.8 3% 869,131 617,653 701,060 161,878 29,416 83,726 901,313
Ducommun (DCO) 520,879 20% 14.5 3% 679,595 407,365 677,086 137,572 20,131 51,564 746,335
Willdan Group (WLDN) 422,313 30% 24.0 2% 341,392 193,867 354,013 107,365 5,735 20,165 484,850
Mistras Group (MG) 405,430 29% 16.4 0% 733,473 452,194 740,334 213,592 86 40,435 663,366
VSE (VSEC) 384,003 0% 9.2 4% 826,775 480,438 708,957 0 35,778 71,968 664,187
Sterling Construction (STRL) 349,207 10% 7.9 5% 499,895 325,202 1,034,476 103,272 26,443 45,658 361,804
Hill International (HIL) 157,450 31% -37.9 -6% 280,764 186,406 399,574 125,542 -16,137 -4,838 183,575
CPI Aerostructures (CVU) 97,518 21% 9.3 3% 153,624 55,379 99,857 20,519 4,397 10,814 100,255
Orion Group (ORN) 68,154 6% -2.1 -30% 362,789 230,040 165,985 10,254 -110,329 -69,734 148,395
Ecology & Environment (EEI) 46,992 66% -447.3 -3% 48,069 14,481 90,683 59,462 -1,615 -83 37,129
Air Industries (AIRI) 29,469 14% -4.6 -17% 53,319 43,025 52,233 7,202 -9,160 -6,184 28,535
ENGlobal (ENG) 28,791 12% -4.1 -20% 25,184 11,213 52,721 6,547 -4,971 -4,579 18,895
Stantec (STN)
Jacobs Engineering Group (J)

Balance Sheet ($'000)2012-12-312012-12-312013-12-312014-12-312015-12-312018-12-31
Cash4904905611,4185292,012
Accounts Receivable11,63111,6318,58411,91613,6626,522
Inventory26,73926,73926,22228,39136,92329,051
PP&E5,8835,88317,84023,21515,2998,777
Assets53,15653,15650,17265,92088,25047,756
Accounts Payable5,7135,7135,1425,6369,7226,782
Long-Term Debt4,6404,6402,5278,2133,9123,438
Liabilities34,16834,16828,55937,64859,44536,150
Stockholders' Equity18,98818,98821,61328,27228,80511,606
Income Statement ($'000)2012-12-312012-12-312013-12-312014-12-312015-12-312018-12-31
Revenue64,21564,21562,83364,33182,28113,853
Cost of Revenue49,35749,35747,59850,23363,16140,895
Gross Profit14,85814,85815,23514,09817,281256
R&D
SG&A
Tax1,4471,447-170-3684453
Net Income2,5482,5483,739667-832-10,992
Cash Flow ($'000)2012-12-312012-12-312013-12-312014-12-312015-12-312018-12-31
Cash Operating1,6941,6948,889-2,799-894-2,336
Cash Investing-13,038-13,038-1,118-9,663-8,5603,685
Cash Financing11,25711,257-7,70013,3198,56533