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Air Industries returns to profit in Q3 on margin improvement

By Reuters News


Overview

  • US aerospace components maker's Q3 revenue rose 41% yr/yr, swinging to net profit

  • Gross profit and margin improved, driven by stable shipping and fewer production disruptions

  • Company expects improved performance to continue, supported by $95.4 mln order backlog


Outlook

  • Company expects improved financial performance to continue in Q4 and into 2027

  • Air Industries cites October 2026 net sales of about $5.6 mln, exceeding recent monthly averages

  • Company says 2027 and late-2026 sales supported by $95.4 mln firm order backlog


Result Drivers

  • STABLE SHIPPING - Co said improved results were driven by a stable shipping cadence and fewer production schedule disruptions

  • OPERATING COSTS - Q3 operating expenses rose due to merger-related and stock compensation costs; excluding these, expenses were flat


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$14.60 mln

Q3 Gross Profit

$3.70 mln

Q3 Operating Expenses

$2.40 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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