Earnings summaries and quarterly performance for AIR INDUSTRIES.
Executive leadership at AIR INDUSTRIES.
Board of directors at AIR INDUSTRIES.
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Recent press releases and 8-K filings for AIRI.
AIR INDUSTRIES GROUP Extends Loan Maturity Date with Webster Bank
AIRI
Debt Issuance
- On February 26, 2026, AIR INDUSTRIES GROUP entered into an Eleventh Amendment to its Loan and Security Agreement with Webster Bank.
- This amendment extended the maturity date of the revolving credit and term loans under the Loan and Security Agreement to September 30, 2026.
- In consideration for this extension, the company will pay a non-refundable amendment fee of $25,000 upon execution and an additional non-refundable fee of $150,000 payable on the new maturity date.
4 days ago
Air Industries Group's Merger with Tenax Aerospace Under Investigation
AIRI
M&A
Legal Proceedings
Takeover Bid
- Halper Sadeh LLC is investigating Air Industries Group (NYSE American: AIRI) concerning its merger with Tenax Aerospace Acquisition, LLC.
- Upon completion of the proposed transaction, Air Industries shareholders are expected to own approximately 5% of the combined company.
- The investigation by the investor rights law firm is for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders, with suggestions that insiders may receive substantial financial benefits not available to ordinary shareholders and that the proposed terms could limit superior competing offers.
Feb 17, 2026, 10:52 PM
AIR INDUSTRIES GROUP and Tenax Aerospace Announce Strategic Combination
AIRI
M&A
Guidance Update
Board Change
- Air Industries Group (AIRI) and Tenax Aerospace Acquisition, LLC have entered into a Merger Agreement to combine their special mission aviation and precision aerospace manufacturing businesses, forming a larger, diversified aerospace and defense company.
- Based on preliminary and unaudited results for the fiscal year ended December 31, 2025, the combined company would have reported approximately $183.3 million of revenue and $65.0 million of Adjusted EBITDA. Pro-forma 2026 revenues are expected to exceed $210.0 million and Adjusted EBITDA to exceed $75.0 million.
- Upon closing, Tenax shareholders are expected to own approximately 95% of Air's outstanding shares, with existing Air shareholders owning approximately 5%. The combined company's board will include six or more directors designated by Tenax and two mutually agreed upon.
- Existing Air shareholders will have potential protections, including a tender offer for up to one million shares if the stock price falls below a certain threshold, and a contingent redemption right for remaining shares at 107.3% of the Debt Adjusted AIR Share Price after one year, subject to conditions.
- The transaction is subject to Air shareholder and regulatory approvals and is expected to close before June 30, 2026.
Feb 17, 2026, 12:01 PM
AIRI Announces Strategic Combination with Tenax Aerospace
AIRI
M&A
Guidance Update
- Tenax Aerospace and Air Industries Group (AIRI) announced a strategic merger to form a diversified aerospace and defense platform, which is expected to remain listed on the NYSE American under the symbol AIRI.
- Based on preliminary and unaudited results for the fiscal year ended December 31, 2025, the combined company would have reported approximately $183.3 million of revenue and $65.0 million of Adjusted EBITDA.
- The combined company is expected to generate pro-forma 2026 revenues in excess of $210.0 million and Adjusted EBITDA in excess of $75.0 million.
- After the closing, Tenax shareholders are expected to own approximately 95% of Air's outstanding shares, while existing Air shareholders are expected to own approximately 5%.
- The transaction is expected to close before June 30, 2026, subject to shareholder and regulatory approvals.
Feb 17, 2026, 12:01 PM
Air Industries Group Announces Preliminary Unaudited 2025 Results
AIRI
Earnings
Profit Warning
- Air Industries Group announced preliminary unaudited results for the year ended December 31, 2025.
- The company reported consolidated sales of approximately $47.9 million, a gross profit of $8.1 million (17.1%), and Adjusted EBITDA of approximately $4.3 million.
- For the year, Air Industries Group posted a loss from operations of approximately $334,000 and a net loss of approximately $1.3 million.
Feb 17, 2026, 12:00 PM
Air Industries Group Announces Preliminary Unaudited 2025 Results
AIRI
Earnings
Profit Warning
- Air Industries Group reported preliminary unaudited consolidated sales of approximately $47.9 million for the year ended December 31, 2025.
- For the year ended December 31, 2025, the company recorded a gross profit of $8.1 million (approximately 17.1%) and an Adjusted EBITDA of approximately $4.3 million.
- The company experienced a loss from operations of approximately $334,000 and a net loss of approximately $1.3 million for the year ended December 31, 2025.
Feb 17, 2026, 12:00 PM
AIR INDUSTRIES GROUP Announces Q3 2025 Financial Results
AIRI
Earnings
Demand Weakening
- AIR INDUSTRIES GROUP announced its financial results for the three and nine months ended September 30, 2025.
- For the third quarter of 2025, net sales were $10.3 million and Adjusted EBITDA was $1.3 million. The company reported a net loss of $44,000.
- For the nine months ended September 30, 2025, net sales were $35.1 million and Adjusted EBITDA was $2.7 million. The net loss was $1.5 million.
- CEO Lou Melluzzo highlighted improved operating results for Q3 2025 compared to the same period last year and the first two quarters of 2025, attributing it to expense reduction efforts and significant improvement in gross margins.
Nov 14, 2025, 10:17 PM
AIRO to Showcase RQ-35 ISR Drone at Modern Warfare Week
AIRI
Product Launch
New Projects/Investments
- AIRO Group Holdings (Nasdaq: AIRO) will showcase its RQ-35 Intelligence, Surveillance, and Reconnaissance (ISR) drone at the Modern Warfare Week event hosted by the Global SOF Foundation (GSOF) in mid-November.
- The RQ-35 drone is described as battle-proven, having successfully completed over 500 missions per system and tens of thousands of sorties by entire fleets, trusted by NATO forces, and actively deployed by the Armed Forces of Ukraine. It is engineered to excel in GNSS/GPS-denied environments and offers autonomous, fire-and-forget operation.
- AIRO is establishing a U.S.-based manufacturing facility in Phoenix, Arizona, to produce the RQ-35 and other drone solutions for U.S. clients, ensuring domestic production and supply chain resilience.
- The company is expanding its drone ecosystem with loitering munitions and high-speed interceptor drones through previously announced letters of intent to form joint ventures with Nord Drone and Bullet.
Nov 6, 2025, 12:07 PM
AIR INDUSTRIES GROUP Amends Loan and Security Agreement with Webster Bank
AIRI
Debt Issuance
- AIR INDUSTRIES GROUP entered into the Ninth Amendment to Loan and Security Agreement with Webster Bank on September 9, 2025.
- Under the amendment, $3,930,000 of proceeds from the company's At The Market Offering will be maintained in an interest-bearing account at Webster Bank, serving as security for its obligations under the Loan and Security Agreement.
- The amendment updated the definition of "Borrowing Base" to include one hundred percent (100%) of Qualified Cash, which is unrestricted cash held in a controlled account with the Lender.
- This controlled account holding Qualified Cash will be subject to a block, preventing access to these funds by the Credit Parties.
Sep 15, 2025, 10:29 AM
Quarterly earnings call transcripts for AIR INDUSTRIES.
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