AIRI Earnings Prediction
The chart below shows how AIRI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AIRI sees a +1.61% change in stock price 10 days leading up to the earnings, and a -4.33% change 10 days following the report. On the earnings day itself, the stock moves by -1.05%. This data can give you a slight idea of what to expect for the next quarter's release.
AIRI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
12.55M
2.13%
-7.49%
Gross Margin
15.46%
54.75%
-20.64%
Operating Margin
0.53%
108.18%
-90.43%
Net Margin
-3.22%
-69.54%
-246.36%
EPS
-0.12
-70.00%
-250.00%
No Data Available
AIRI Earnings Analysis
Air Industries Group Corporation (AIRI.A) Earnings Conference Call
Positive
Strong Order Backlog Growth: Our order flow continues to be strong. Our backlog of undelivered fully funded customer orders surpassed $104 million, marking a 4% increase since June 30, 2024, and a 22% increase since January 1, 2024.
Q3 Net Sales Increase: Consolidated net sales for the third quarter ended September 30, 2024, were $12.6 million. That was 2.1% higher than what we achieved in Q3 of last year.
Gross Profit Improvement: Our gross profit in dollars increased by over $700,000 or 58%, compared to 2023, but our gross profit as a percentage of sales was 15.5%, an increase of more than five percentage points, compared to 2023.
Operating Income Recovery: We achieved operating income of $67,000, a substantial improvement over the loss of $796,000 that we incurred in Q3 of 2023.
Debt Increase and Compliance: On the balance sheet side, as of September 30, 2024, total debt was $24,976,000, up $1,666,000 or 7.1% from December 31, 2023. The company is in compliance with its loan covenants, and we expect to remain in compliance for the balance of the year.
Negative
Modest Sales Growth: Consolidated net sales for the third quarter ended September 30, 2024 were $12.6 million, which was 2.1% higher than what we achieved in Q3 of last year, indicating a modest growth but not a significant improvement.
Gross Profit Margin Analysis: Our gross profit as a percentage of sales was 15.5%, an increase of more than five percentage points compared to 2023, but still below our historical average, suggesting ongoing challenges in maintaining profitability.
Operating Expense Reduction: For the third quarter, operating expenses were $1.9 million, reflecting a reduction of $150,000 or 7.4% less than was last year in the third quarter, indicating cost management efforts but not necessarily improved operational efficiency.
Net Loss Improvement: We had a net loss of $404,000 or $0.12 a share, which is a dramatic improvement from the third quarter of 2023, when we had a net loss of $1,299,000 or $0.40 a share, but still reflects ongoing financial struggles.
Rising Total Debt: Total debt was $24,976,000, up $1,666,000 or 7.1% from December 31, 2023, indicating increasing leverage and potential financial risk.
AIRI FAQs
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AIRI Earning Call Sentiment
Air Industries Group (AIRI) Q3 2024 Earnings Call Transcript
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00:00
00:00
AIRI.A
0%Positive
The earnings call presents a mixed picture: strong financial improvements with increased gross profit and reduced operating losses, yet challenges with supply chain and competitive pressures remain. The Q&A reveals some concerns about material costs and vague management responses. Despite a solid backlog and new NATO agreements, lack of specific shareholder returns and consistent revenue guidance for 2025 suggest a neutral impact on stock price.
