secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2026-06-29T13:21:14+00:00
Accession:  0000353184-26-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T Reports Fiscal 2026 Results: Revenue Up 12% to $327.1M, Net Income Per Share $28.85
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- Revenue increased 12% to $327.1M for fiscal year ended March 31, 2026, driven by Rex acquisition contribution of $55.3M.
- Operating loss was $11.2M compared to operating income of $1.9M in prior year, due to acquisition costs and integration.
- Net income per share of $28.85 vs. net loss per share of $2.23, including $111.2M non-cash bargain purchase gain from Rex acquisition.
- Completed acquisition of Regional Express Holdings (Rex) on December 18, 2025; Crestone merger with Arena expected in Q1 fiscal 2027.
- Adjusted EBITDA improved to $10.1M from $7.4M; GGS segment showed strong recovery with EBITDA swing from -$0.8M to $4.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000056/0000353184-26-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000056/airt-20260629.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000056

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