secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001213900-24-068617
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air Industries posts Q2 profit of $298K ($0.09/share) vs year-ago loss; revenue rises 2.8%
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- Q2 net sales $13.572M (+2.8% YoY); gross margin expanded to 19.5% from 16.4%.
- Net income $298,000 ($0.09 per diluted share) versus net loss of ($395,000) in Q2 2023.
- Adjusted EBITDA $1.413M, up 47% from $961K.
- Reaffirms FY2024 net sales target of at least $50M; H2 sales expected to equal or exceed H1.
- Backlog exceeds $100M as of June 30, 2024; book-to-bill ratio >1.20 for trailing 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390024068617/0001213900-24-068617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390024068617/ea0211333-8k_airind.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-068617

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