AIRI Chart
About

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines. Air Industries Group was founded in 1941 and is based in Bay Shore, New York.

Fundamentals
Scroll to Statements
Sector Industrials Industry Aerospace & Defense Market Cap 15.80M
Enterprise Value 45.25M Income -2.01M Sales 50.03M
Book/sh 3.95 Cash/sh 0.03 Dividend Yield —
Payout 0.00% Employees 150 IPO —
P/E — Forward P/E 12.73 PEG —
P/S 0.32 P/B 0.84 P/C —
EV/EBITDA 22.35 EV/Sales 0.90 Quick Ratio 0.18
Current Ratio 1.22 Debt/Eq 156.93 LT Debt/Eq —
EPS (ttm) -0.53 EPS next Y 0.26 EPS Growth —
Revenue Growth -17.90% Earnings 2026-03-31 ROA -0.60%
ROE -11.98% ROIC — Gross Margin 17.58%
Oper. Margin 3.07% Profit Margin -4.01% Shs Outstand 4.77M
Shs Float 3.67M Short Float 1.22% Short Ratio 0.41
Short Interest — 52W High 4.17 52W Low 2.55
Beta 0.04 Avg Volume 175.57K Volume 217.03K
Target Price — Recom None Prev Close $3.23
Price $3.31 Change 2.48%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$3.31
Latest analyst target
3. DCF / Fair value
$-27.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.31
Low
—
High
—
Mean
—
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 4600 14306.0 — Stock Award(Grant) at price 3.11 per share. PORCELAIN MICHAEL D Director — 2026-01-02 00:00:00 D
1 3823 12310.0 — Stock Award(Grant) at price 3.22 per share. PORCELAIN MICHAEL D Director — 2025-10-22 00:00:00 D
2 4443 14306.0 — Stock Award(Grant) at price 3.22 per share. PORCELAIN MICHAEL D Director — 2025-10-22 00:00:00 D
3 4064 14305.0 — Stock Award(Grant) at price 3.52 per share. PORCELAIN MICHAEL D Director — 2025-07-28 00:00:00 D
4 34123 nan — — MELLUZZO LUCIANO M President — 2025-04-25 00:00:00 D
5 20427 nan — — GLASSMAN SCOTT Chief Financial Officer — 2025-04-25 00:00:00 D
6 4130 12596.0 — Stock Award(Grant) at price 3.05 per share. TAGLICH MICHAEL N Director and Beneficial Owner of more than 10% of a Class of Security — 2025-04-22 00:00:00 D
7 4690 14304.0 — Stock Award(Grant) at price 3.05 per share. PORCELAIN MICHAEL D Director — 2025-04-22 00:00:00 D
8 4130 12596.0 — Stock Award(Grant) at price 3.05 per share. TAGLICH ROBERT F. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-04-22 00:00:00 D
9 2929 12595.0 — Stock Award(Grant) at price 4.30 per share. TAGLICH MICHAEL N Director and Beneficial Owner of more than 10% of a Class of Security — 2025-01-06 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA3.45M2.75M3.33M6.19M
TotalUnusualItems317.00K0.00
TotalUnusualItemsExcludingGoodwill317.00K0.00
NetIncomeFromContinuingOperationNetMinorityInterest-1.37M-2.13M-1.08M1.63M
ReconciledDepreciation2.92M2.96M3.07M3.29M
ReconciledCostOfRevenue46.18M44.09M45.79M48.69M
EBITDA3.45M2.75M3.33M6.19M
EBIT527.00K-211.00K262.00K2.89M
NetInterestIncome-1.89M-1.92M-1.34M-1.26M
InterestExpense1.89M1.92M1.34M1.26M
NormalizedIncome-1.37M-2.13M-1.08M1.63M
NetIncomeFromContinuingAndDiscontinuedOperation-1.37M-2.13M-1.08M1.63M
TotalExpenses54.65M51.81M53.43M56.45M
TotalOperatingIncomeAsReported459.00K-295.00K-194.00K2.49M
DilutedAverageShares3.47M3.28M3.23M3.64M
BasicAverageShares3.47M3.28M3.23M3.20M
DilutedEPS-0.39-0.65-0.330.45
BasicEPS-0.39-0.65-0.330.51
DilutedNIAvailtoComStockholders-1.37M-2.13M-1.08M1.63M
NetIncomeCommonStockholders-1.37M-2.13M-1.08M1.63M
NetIncome-1.37M-2.13M-1.08M1.63M
NetIncomeIncludingNoncontrollingInterests-1.37M-2.13M-1.08M1.63M
NetIncomeDiscontinuousOperations0.00
NetIncomeContinuousOperations-1.37M-2.13M-1.08M1.63M
TaxProvision0.000.000.000.00
PretaxIncome-1.37M-2.13M-1.08M1.63M
OtherIncomeExpense68.00K84.00K456.00K405.00K
OtherNonOperatingIncomeExpenses68.00K84.00K456.00K405.00K
SpecialIncomeCharges317.00K0.00
WriteOff-317.00K0.00
NetNonOperatingInterestIncomeExpense-1.89M-1.92M-1.34M-1.26M
InterestExpenseNonOperating1.89M1.92M1.34M1.26M
OperatingIncome459.00K-295.00K-194.00K2.49M
OperatingExpense8.47M7.72M7.65M7.77M
OtherOperatingExpenses8.47M7.72M7.65M7.77M
GrossProfit8.93M7.43M7.45M10.25M
CostOfRevenue46.18M44.09M45.79M48.69M
TotalRevenue55.11M51.52M53.24M58.94M
OperatingRevenue55.11M51.52M53.24M58.94M
Line Item2024-12-312023-12-312022-12-312021-12-31
PreferredSharesNumber30.53M30.53M30.53M30.53M
OrdinarySharesNumber3.47M3.30M3.25M3.21M
ShareIssued3.47M3.30M3.25M3.21M
NetDebt25.53M22.96M24.99M22.73M
TotalDebt27.87M25.77M28.51M27.29M
TangibleBookValue14.95M15.19M16.84M17.23M
InvestedCapital41.23M38.50M42.11M40.75M
WorkingCapital11.78M12.12M18.60M17.48M
NetTangibleAssets14.95M15.19M16.84M17.23M
CapitalLeaseObligations1.58M2.46M3.24M3.93M
CommonStockEquity14.95M15.19M16.84M17.39M
TotalCapitalization22.87M22.46M27.63M26.64M
TotalEquityGrossMinorityInterest14.95M15.19M16.84M17.39M
StockholdersEquity14.95M15.19M16.84M17.39M
RetainedEarnings-69.11M-67.74M-65.61M-64.53M
AdditionalPaidInCapital84.05M82.93M82.45M81.92M
CapitalStock3.00K3.00K3.00K3.00K
CommonStock3.00K3.00K3.00K3.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest36.06M35.52M36.98M36.04M
TotalNonCurrentLiabilitiesNetMinorityInterest8.65M8.92M13.36M12.63M
NonCurrentDeferredLiabilities29.00K67.00K105.00K143.00K
NonCurrentDeferredRevenue29.00K67.00K105.00K143.00K
NonCurrentDeferredTaxesLiabilities0.00
LongTermDebtAndCapitalLeaseObligation8.62M8.86M13.25M12.49M
LongTermCapitalLeaseObligation702.00K1.58M2.46M3.24M
LongTermDebt7.92M7.27M10.79M9.25M
CurrentLiabilities27.41M26.60M23.62M23.40M
OtherCurrentLiabilities59.00K
CurrentDeferredLiabilities1.15M3.60M819.00K1.88M
CurrentDeferredRevenue1.15M3.60M819.00K1.51M
CurrentDeferredTaxesLiabilities0.00314.00K
CurrentDebtAndCapitalLeaseObligation19.24M16.92M15.26M14.80M
CurrentCapitalLeaseObligation881.00K880.00K778.00K686.00K
CurrentDebt18.36M16.04M14.48M14.11M
OtherCurrentBorrowings18.36M16.04M14.48M14.11M
PensionandOtherPostRetirementBenefitPlansCurrent350.00K0.00
PayablesAndAccruedExpenses6.67M6.09M7.54M6.72M
CurrentAccruedExpenses1.08M630.00K1.10M1.26M
InterestPayable0.00
Payables5.58M5.46M6.44M5.46M
AccountsPayable5.58M5.46M6.44M5.46M
TotalAssets51.01M50.72M53.81M53.42M
TotalNonCurrentAssets11.82M12.00M11.60M12.54M
OtherNonCurrentAssets712.00K1.11M532.00K960.00K
NonCurrentDeferredAssets532.00K960.00K
GoodwillAndOtherIntangibleAssets0.00163.00K
Goodwill0.00163.00K
NetPPE11.11M10.88M11.07M11.42M
AccumulatedDepreciation-37.38M-35.52M-33.28M-30.83M
GrossPPE48.49M46.40M44.35M42.25M
Leases1.14M1.02M941.00K882.00K
OtherProperties17.54M17.15M16.59M15.88M
MachineryFurnitureEquipment26.77M25.72M24.73M23.46M
BuildingsAndImprovements2.74M2.21M1.79M1.72M
LandAndImprovements300.00K300.00K300.00K300.00K
Properties0.000.000.000.00
CurrentAssets39.19M38.72M42.22M40.88M
OtherCurrentAssets371.00K297.00K307.00K226.00K
PrepaidAssets56.00K37.00K28.00K22.00K
Inventory28.81M29.85M31.82M29.53M
InventoriesAdjustmentsAllowances-3.24M-3.61M-3.15M
FinishedGoods660.00K1.79M1.11M8.35M
WorkInProcess21.83M23.09M30.13M20.93M
RawMaterials6.32M4.97M4.20M3.41M
Receivables9.20M8.19M9.78M10.47M
OtherReceivables296.00K296.00K296.00K
AccountsReceivable8.90M7.89M9.48M10.47M
AllowanceForDoubtfulAccountsReceivable-396.00K-344.00K-281.00K-594.00K
GrossAccountsReceivable9.30M8.24M9.76M11.07M
CashCashEquivalentsAndShortTermInvestments753.00K346.00K281.00K627.00K
CashAndCashEquivalents753.00K346.00K281.00K627.00K
CashFinancial753.00K346.00K281.00K627.00K
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-1.98M2.74M-1.91M2.70M
RepaymentOfDebt-1.07M-3.79M-2.15M-4.58M
IssuanceOfDebt3.12M1.13M3.74M0.00
IssuanceOfCapitalStock327.00K0.000.00
CapitalExpenditure-2.30M-2.12M-2.36M-1.36M
InterestPaidSupplementalData1.85M1.91M1.29M1.21M
IncomeTaxPaidSupplementalData20.00K6.10K6.00K7.00K
EndCashPosition753.00K346.00K281.00K627.00K
BeginningCashPosition346.00K281.00K627.00K2.50M
ChangesInCash407.00K65.00K-346.00K-1.88M
FinancingCashFlow2.37M-2.69M1.57M-4.58M
CashFlowFromContinuingFinancingActivities2.37M-2.69M1.57M-4.58M
NetOtherFinancingCharges-25.00K-20.00K
NetCommonStockIssuance327.00K0.000.00
CommonStockIssuance327.00K0.000.00
NetIssuancePaymentsOfDebt2.04M-2.66M1.59M-4.58M
NetShortTermDebtIssuance2.24M-2.92M916.00K
ShortTermDebtPayments-869.00K-3.66M
ShortTermDebtIssuance3.11M740.00K916.00K
NetLongTermDebtIssuance-197.00K261.00K671.00K-4.58M
LongTermDebtPayments-205.00K-132.00K-2.15M-4.58M
LongTermDebtIssuance8.00K393.00K2.82M0.00
InvestingCashFlow-2.29M-2.11M-2.36M-1.36M
CashFlowFromContinuingInvestingActivities-2.29M-2.11M-2.36M-1.36M
NetPPEPurchaseAndSale-2.29M-2.11M-2.36M-1.36M
SaleOfPPE16.00K7.00K0.00
PurchaseOfPPE-2.30M-2.12M-2.36M-1.36M
OperatingCashFlow324.00K4.86M448.00K4.06M
CashFlowFromContinuingOperatingActivities324.00K4.86M448.00K4.06M
ChangeInWorkingCapital-2.10M3.44M-1.57M-1.31M
ChangeInOtherWorkingCapital-2.44M2.78M-753.00K240.00K
ChangeInOtherCurrentLiabilities-879.00K-779.00K-686.00K-701.00K
ChangeInPayablesAndAccruedExpense961.00K-1.45M1.14M-1.59M
ChangeInPayable-1.59M
ChangeInAccountPayable-1.59M
ChangeInTaxPayable0.00
ChangeInIncomeTaxPayable0.00
ChangeInPrepaidAssets282.00K-599.00K-281.00K-253.00K
ChangeInInventory1.04M1.97M-2.29M2.59M
ChangeInReceivables-1.06M1.53M1.30M-1.59M
ChangesInAccountReceivables-1.06M1.53M1.30M-1.59M
OtherNonCashItems68.00K68.00K-349.00K132.00K
StockBasedCompensation797.00K482.00K526.00K443.00K
ProvisionandWriteOffofAssets52.00K63.00K
AssetImpairmentCharge63.00K-150.00K-86.00K
DeferredTax0.00
DeferredIncomeTax0.00
DepreciationAmortizationDepletion2.92M2.96M3.07M3.29M
DepreciationAndAmortization2.92M2.96M3.07M3.29M
Depreciation2.92M2.96M3.07M3.29M
OperatingGainsLosses-53.00K-24.00K-38.00K-38.00K
GainLossOnInvestmentSecurities-38.00K-38.00K-38.00K-38.00K
GainLossOnSaleOfPPE-15.00K14.00K0.000.00
NetIncomeFromContinuingOperations-1.37M-2.13M-1.08M1.63M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AIRI
Date User Asset Broker Type Position Size Entry Price Patterns