Air Industries Group Reports Financial Results for the Three Months Ended March 31, 2021
BAY SHORE, N.Y.–(BUSINESS WIRE)–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 today announced its results for the three months ended March 31, 2021.
For the three months ended March 31, 2021 compared to March 31, 2020
- Consolidated net sales for the three months ended March 2021 were $13.7 million an increase of $300,000 or 2.2% compared to $13.4 million in 2020.
- Consolidated gross profit for the three months ended March 2021 was $1.8 million a decline of $400,000 or 18.1% from $2.2 million in 2020. Gross profit as a…