---
title: "AIR Industries Group reports $47.9M sales, $(0.31) loss per share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280849461.md"
description: "AIR Industries Group reported fiscal year net sales of $47.9 million, a 13.0% decline from the previous year, resulting in a net loss of $1.305 million or $(0.31) per share. Gross profit was $8.187 million with a 17.1% margin, improved from 16.2%. The company noted shifts in product mix and timing as factors for margin improvement. The sales concentration shifted towards RTX and Lockheed, while Northrop's share decreased. The company has a backlog of $270.1 million and is focused on securing new contracts and operational improvements."
datetime: "2026-03-27T21:25:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280849461.md)
  - [en](https://longbridge.com/en/news/280849461.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280849461.md)
---

# AIR Industries Group reports $47.9M sales, $(0.31) loss per share

AIR Industries Group reported fiscal year net sales of $47.9 million and a net loss of $1.305 million, or $(0.31) per share, reflecting a 13.0% decline in revenue driven by timing and product mix shifts. Gross profit was $8.187 million (17.1% margin), while loss from operations was $(0.338) million after operating expenses of $8.525 million. Management cites product mix, timing across programs and cost reductions as drivers of margin improvement despite lower sales.

**Financial Highlights**

-   **Net Sales:** $47.921 million, decreased 13.0% versus prior year due to timing and product mix.
-   **Gross Profit:** $8.187 million (17.1% of sales), margin improved from 16.2% driven by product mix and cost reductions.
-   **Income (Loss) from Operations:** $(0.338) million, reflecting operating expenses of $8.525 million.
-   **Net Loss:** $(1.305) million, a slight improvement from $(1.366) million in the prior year.
-   **Loss per Share — Basic and Diluted:** $(0.31); weighted average shares outstanding: 4.2169 million.

**Business Highlights**

-   **Revenue mix and customers:** Sales concentration shifted toward RTX and Lockheed, while Northrop's share declined significantly year-over-year.
-   **Platform mix:** Growth in GTF and CH-53 as a percent of sales; mix on E2-D and UH-60 shifted due to customer demand timing.
-   **Operational investments:** Continued capital equipment and tooling expenditures to increase capacity, improve efficiency and enable larger-part capabilities.
-   **Backlog and outlook:** $270.1 million of unfilled contract value supporting near-term production; company focus is on securing new awards, executing operational improvements and completing a planned merger.

Original SEC Filing: AIR INDUSTRIES GROUP \[ AIRI \] - 10-K - Mar. 27, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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