OverviewSuggest Edit

Air Industries Group is a manufacturer of precision machined components, mechanical assemblies, precision sheet metal assemblies, and electronic enclosures for the aerospace and defense industry. The company focuses on flight-critical applications. Its products include landing gear, arresting gear, flight controls, air-to-air refueling systems, tubes and ducts, aerostructures, flight turbine components, ground power turbine components, and ground support equipment as well as electronic cables, harnesses, and chassis.

TypePublic
Founded1979
HQBay Shore, NY, US
Websiteairindustriesgroup.com
Employee Ratings1.8

Latest Updates

Employees (est.) (Mar 2021)151(-5%)
Revenue (FY, 2020)$50.1 M(-8%)
Share Price (Jan 2022)$0.8(+3%)
Cybersecurity ratingAMore
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Key People/Management at Air Industries Group

Lou Melluzzo

Lou Melluzzo

President, CEO
Scott Glassman

Scott Glassman

Chief Accounting Officer
Gary Settoducato

Gary Settoducato

Vice President Of Business Development
Peter Rettaliata

Peter Rettaliata

Director
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Air Industries Group Office Locations

Air Industries Group has an office in Bay Shore
Bay Shore, NY, US (HQ)
1460 5th Ave
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Air Industries Group Financials and Metrics

Air Industries Group Revenue

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Air Industries Group's revenue was reported to be $50.1 m in FY, 2020 which is a 8.2% decrease from the previous period.
USD

Revenue (Q2, 2021)

15.5m

Gross profit (Q2, 2021)

2.6m

Gross profit margin (Q2, 2021), %

16.8%

Net income (Q2, 2021)

239.0k

EBIT (Q2, 2021)

440.0k

Market capitalization (25-Jan-2022)

26.8m

Closing stock price (25-Jan-2022)

0.9

Cash (30-Jun-2021)

515.0k

EV

57.0m
Air Industries Group's current market capitalization is $26.8 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

46.3m54.6m50.1m

Revenue growth, %

(7%)18%(8%)

Cost of goods sold

40.9m45.4m43.6m

Gross profit

5.4m9.1m6.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

13.9m13.4m14.0m13.4m8.5m13.7m13.7m15.5m

Cost of goods sold

11.6m11.2m11.0m11.3m7.9m12.0m11.9m12.9m

Gross profit

2.3m2.2m3.0m2.2m614.0k1.7m1.8m2.6m

Gross profit Margin, %

16%16%21%16%7%12%13%17%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.0m1.3m2.5m

Accounts Receivable

6.5m7.9m8.8m

Inventories

29.1m28.6m32.1m

Current Assets

38.0m38.2m43.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

442.0k1.4m333.0k1.5m2.1m1.5m1.7m515.0k

Accounts Receivable

8.2m7.8m6.4m8.6m6.2m9.7m9.7m12.2m

Inventories

28.7m30.2m30.4m29.8m33.9m32.8m32.2m30.2m

Current Assets

37.9m39.9m37.7m41.8m42.5m44.4m43.9m43.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(11.0m)(2.7m)1.1m

Depreciation and Amortization

2.9m3.0m2.6m

Inventories

1.4m405.0k(3.5m)

Accounts Payable

(1.1m)(970.0k)275.0k
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(923.0k)(1.7m)(1.5m)1.1m(526.0k)(1.0m)(152.0k)87.0k

Depreciation and Amortization

666.0k1.5m2.1m656.0k1.3m1.9m713.0k1.4m

Inventories

364.0k(1.1m)(1.3m)(1.2m)(5.2m)(4.2m)(75.0k)1.9m

Accounts Payable

(425.0k)805.0k343.0k1.2m1.3m1.6m(36.0k)(894.0k)
USDFY, 2018

EV/EBIT

-7.3 x

EV/CFO

-18.6 x

Debt/Equity

2.2 x

Debt/Assets

0.5 x

Financial Leverage

4.1 x

P/E Ratio

(1.7)
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Air Industries Group Operating Metrics

Air Industries Group's Backlog was reported to be $92.4m in Feb, 2019.
Feb, 2019

Backlog

$92.4 m
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Air Industries Group Acquisitions / Subsidiaries

Company NameDateDeal Size
The Sterling Engineering CorporationMarch 10, 2015
Eur-Pac CorporationJune 05, 2014$1.6 m
WoodbineApril 02, 2014
Miller Stuart Inc.November 07, 2013
Nassau Tool WorksAugust 23, 2012
Air Industries Machining, Corp.
Air Realty Group, LLC
Nassau Tool Works, Inc.
The Sterling Engineering Corporation

Air Industries Group Revenue Breakdown

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Air Industries Group revenue breakdown by business segment: 10.9% from Turbine Engine Components and 89.1% from Complex Machining

Air Industries Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Air Industries Group Online and Social Media Presence

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Air Industries Group News and Updates

Air Industries Group Announces New $5.2 Million, Long-Term Agreement for the CH-53K Heavy Lift Helicopter

Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision assemblies and components for leading aerospace and defense prime contractors, is pleased to announce that its Sterling Engineering subsidiary has been awarded a new Long-Term Agreement (LTA) to deliver…

Air Industries Group Announces Improved Financial Results for the First Quarter Ended March 31, 2019 and Reaffirms Full Year Guidance

HAUPPAUGE, N.Y., April 29, 2019 (GLOBE NEWSWIRE) -- Air Industries Group (NYSE AMEX: AIRI):

Air Industries Group Announces Major Awards Totaling over $6.6 million in March 2019; Total Bookings of New Business for the Three Months ended March 31, 2019 were approximately $19.9 million, an Increase of 140% over 2018

HAUPPAUGE, N.Y., April 03, 2019 (GLOBE NEWSWIRE) -- Air Industries Group (NYSE AMEX: AIRI) Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors is pleased to announc…

Air Industries Group Announces Improved 2018 Financial Results and Guidance for 2019

HAUPPAGE, N.Y., March 26, 2019 (GLOBE NEWSWIRE) -- Air Industries Group (NYSE AMEX: AIRI):

Air Industries Group Announces Major Awards Totaling Nearly $13 Million

HAUPPAUGE, N.Y., Feb. 25, 2019 (GLOBE NEWSWIRE) -- Air Industries Group (NYSE AMEX: AIRI) Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors is pleased to announce…
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Air Industries Group Blogs

Air Industries Group Announces Improved 2018 Financial Results and Guidance for 2019

March 26, 2019 : 08:45AM EST   Air Industries Group Announces Improved 2018 Financial Results and Guidance for 2019   Hauppauge, NY — (Globe Newswire) –March 26, 2019– Air Industries […]

Air Industries Group (the “Company” or “Air Industries”) Announces Termination of the Sale of Welding Metallurgy Inc., to CPI Aerostructures

Hauppauge, NY — (Globe Newswire) – July 3, 2018 – Air Industries Group (NYSE MKT: AIRI) Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision equipment […]

Air Industries Group Frequently Asked Questions

  • When was Air Industries Group founded?

    Air Industries Group was founded in 1979.

  • Who are Air Industries Group key executives?

    Air Industries Group's key executives are Lou Melluzzo, Scott Glassman and Gary Settoducato.

  • How many employees does Air Industries Group have?

    Air Industries Group has 151 employees.

  • What is Air Industries Group revenue?

    Latest Air Industries Group annual revenue is $50.1 m.

  • What is Air Industries Group revenue per employee?

    Latest Air Industries Group revenue per employee is $331.8 k.

  • Who are Air Industries Group competitors?

    Competitors of Air Industries Group include Hudson Technologies, Spirit AeroSystems and CPI Aero.

  • Where is Air Industries Group headquarters?

    Air Industries Group headquarters is located at 1460 5th Ave, Bay Shore.

  • Where are Air Industries Group offices?

    Air Industries Group has an office in Bay Shore.

  • How many offices does Air Industries Group have?

    Air Industries Group has 1 office.