Replies to post #520 on Air Industries Group (AIRI)

[Hasy1]

Funny that SA says Air Industries Group misses on revenue as the headline. All in all SA is never been fond of AIRI. Don’t look at the positive going forward.

[I-Man]

Lou Melluzzo, CEO of Air Industries said, “Today Air Industries is a very different company than the one I joined in late 2017. We have refocused the business on its core strengths, improved operating efficiencies by consolidating both operating and corporate facilities, and realigned production to drive sales on a profitable basis. Additionally, we have closed Eur-Pac and successfully completed the divestiture of WMI. Today, we have a streamlined business and customers that are showing renewed confidence as demonstrated by recent new orders. As fiscal 2019 has rolled out we are clearly benefitting from management’s full attention on continuing operations in addition to the operating improvements made in 2018. Fiscal 2019 should show an increase in both revenue and Adjusted EBITDA.”

Additional information about the Company can be found in its filings with the SEC.