Air T Q2 revenue falls 21% to $64.2M; EPS up to $1.61; eyes Rex acquisition

AIR T INC

2025-Q2 EPS reported $1.01 revenue$135,020,000

Revenue $64.2M (down 21% YoY); EPS $1.61 vs $0.91; operating income $5.5M vs $3.6M.
Ground Support Equipment revenue $9.6M (down 33%); backlog $12.9M vs $6.2M; EBITDA $1.7M vs $0.6M.
Commercial Aircraft/Engines/Parts revenue $20.9M (down 36%); EBITDA $6.9M vs $4.1M on aircraft sale gain.
Chairman: Contrail debt-free with $6.7M cash; targeting acquisition of Rex Regional Airlines by Dec 2025.

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