Air Industries Group Subsidiary, Sterling Engineering Company, Highlighted in Hartford Business Journal
Air Industries Group (NYSE American: AIRI), through its subsidiary Sterling Engineering Company located in Barkhamsted, CT, has been featured in the January 27, 2025 edition of the Hartford Business Journal. The company, which manufactures precision components and assemblies for major aerospace and defense prime contractors, has made the article available on their investor relations website.
Air Industries Group (NYSE American: AIRI), attraverso la sua controllata Sterling Engineering Company situata a Barkhamsted, CT, è stata presentata nell'edizione del 27 gennaio 2025 del Hartford Business Journal. L'azienda, che produce componenti e assemblaggi di precisione per principali contraenti nel settore aerospaziale e della difesa, ha reso disponibile l'articolo sul proprio sito relativo alle relazioni con gli investitori.
Air Industries Group (NYSE American: AIRI), a través de su subsidiaria Sterling Engineering Company ubicada en Barkhamsted, CT, ha sido destacada en la edición del 27 de enero de 2025 del Hartford Business Journal. La empresa, que fabrica componentes y ensamblajes de precisión para grandes contratistas de la industria aeroespacial y de defensa, ha puesto el artículo a disposición en su sitio web de relaciones con inversores.
에어 산업 그룹(AIRI, NYSE American: AIRI)은 Barkhamsted, CT에 위치한 자회사 Sterling Engineering Company를 통해 2025년 1월 27일자 Hartford Business Journal에 소개되었습니다. 항공우주 및 방산 주요 계약자를 위한 정밀 부품 및 조립을 제조하는 이 회사는 투자자 관계 웹사이트에서 기사를 공개했습니다.
Air Industries Group (NYSE American: AIRI), par l'intermédiaire de sa filiale Sterling Engineering Company située à Barkhamsted, CT, a été mise en avant dans l'édition du 27 janvier 2025 du Hartford Business Journal. L'entreprise, qui fabrique des composants et des assemblages de précision pour les principaux entrepreneurs aéronautiques et de défense, a rendu l'article disponible sur son site web dédié aux relations avec les investisseurs.
Die Air Industries Group (NYSE American: AIRI) wurde über ihre Tochtergesellschaft Sterling Engineering Company, die in Barkhamsted, CT ansässig ist, in der Ausgabe vom 27. Januar 2025 des Hartford Business Journal vorgestellt. Das Unternehmen, das Präzisionskomponenten und Montagen für große Auftragnehmer der Luft- und Raumfahrt- sowie Verteidigungsindustrie herstellt, hat den Artikel auf seiner Website für Investor Relations zur Verfügung gestellt.
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The article can be accessed on the Air Industries Group website at:
https://investors.airindustriesgroup.com/news-releases
ABOUT AIR INDUSTRIES GROUP
Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether it is a small individual component or complete assembly, its high quality and extremely reliable products are used in mission critical operations that are essential for the safety of military personnel and civilians.
FORWARD LOOKING STATEMENTS
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA, the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
NON-GAAP FINANCIAL MEASURES
The Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes the financial impact of transactions such as interest expense necessary to conduct the Company’s business and therefore are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because items such as amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet occurred, are out of the Company’s control, or cannot be predicted. For example, quantification of stock-based compensation is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.
Anyone wishing to contact us or send a message can also do so by visiting: www.airindustriesgroup.com/contact-us/
View source version on businesswire.com: https://www.businesswire.com/news/home/20250129021553/en/
Air Industries Group
Chief Financial Officer
631-328-7039
Source: Air Industries Group
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