Air Industries fiscal 2024 preliminary sales up ~6.6%; record bookings and backlog over $270M

AIR INDUSTRIES GROUP

2024-FY EPS reported -$0.41 vs consensus $0.02 ▼ miss (-2109.8%)

Preliminary sales increased approx 6.6% YoY; total bookings grew 15% over 2023.
Total backlog reached over $270M, up 41% YoY; book-to-bill ratio improved to 1.30x.
Sterling Engineering sales up 33% YoY; awarded $33M CH-53K contract, invested $2.1M in new machines.
Complex Machining Sector achieved record bookings; largest contract award of $110M in Q3 2024.
CEO Lou Melluzzo highlighted strong positioning for continued growth in 2025 and beyond.

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