Air Industries Group Announces Continued Solid Performance for the Fiscal 2018 Third Quarter.


Air Industries Group (NYSE AMEX: AIRI) Air Industries Group (Air Industries or the Company), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors, in conjunction with the filing of its September 30, 2018 Form 10Q with the Securities and Exchange Commission (SEC), announces today, its Fiscal 2018 Third Quarter results, the timing of its related investor conference call and other information related to the sale of Welding Metallurgy Inc. (WMI) and its business. 

The Company is pleased to report that its overall financial results from continuing operations during the three and nine months of fiscal 2018 continue to positively reflect their renewed focus on meeting customer needs while streamlining operations and reducing expenses. Third Quarter Fiscal 2018 Highlights From Continuing Operations Three Months ended September 2018 vs. 2017 Revenue from continuing operations was $11.0 million compared to $13.7 million Gross profit was $1.4 million compared to $1.6 million; Gross margin as a percentage improved marginally to 12.0% compared to 11.4% …

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Source: US SEC
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