Earnings Releases·Nov 9, 2026, 7:43 AM ET

Air Industries Group — Q3 2026 Earnings Summary

Q3 2026 net sales surged 41.1% to $14.6 million (vs. $10.3 million in 2025), driving a 311% increase in operating income to $1.3 million and a swing to net income of $946,000 from a $44,000 loss; gross margin expanded 330 basis points to 25.5%.
Full-year-to-date (nine months) net sales rose 8.7% to $38.2 million with gross profit up 38.3% to $8.8 million, while Adjusted EBITDA more than doubled to $5.426 million (up 104.4%); pro-forma metrics excluding merger and stock compensation costs show significantly higher profitability.
Management expects performance to continue improving into Q4 and 2027, citing a $95.4 million backlog of firm orders and October 2026 sales of approximately $5.6 million that exceed third-quarter monthly revenues.
The company remains in a pending merger with Tenax Aerospace Acquisition, LLC, incurring $539,000 in merger-related costs in Q3 and $2.6 million for the nine-month period, which management notes would have been excluded to show flat or declining underlying operating expenses.