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Last $20.95 USD
Change Today +0.29 / 1.40%
Volume 7.4K
AIRT On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

air t inc (AIRT) Snapshot

Open
$20.38
Previous Close
$20.66
Day High
$20.95
Day Low
$20.20
52 Week High
12/16/14 - $27.34
52 Week Low
08/15/14 - $10.68
Market Cap
49.7M
Average Volume 10 Days
9.9K
EPS TTM
$0.81
Shares Outstanding
2.4M
EX-Date
05/14/14
P/E TM
26.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for AIR T INC (AIRT)

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air t inc (AIRT) Details

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sales, and ground support services in the United States and internationally. The company’s Overnight Air Cargo segment offers small package overnight airfreight delivery services on a contract basis to the air express delivery services industry. As of March 31, 2015, this segment had approximately 79 aircraft under agreement with FedEx in the United States and the Caribbean. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers and other ground support equipment, including aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other special purpose mobile equipment. It offers its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The company’s Ground Support Services segment provides aircraft ground support equipment, fleet, and facility maintenance services to airlines and aviation service providers. Air T, Inc. was founded in 1980 and is based in Maiden, North Carolina.

600 Employees
Last Reported Date: 06/8/15
Founded in 1980

air t inc (AIRT) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: --
Executive Vice President
Total Annual Compensation: $257.1K
Compensation as of Fiscal Year 2014.

air t inc (AIRT) Key Developments

Air T, Inc. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2015

Air T Inc. reported consolidated earnings results for the fiscal year ended March 31, 2015. For the year, the company reported net earnings of $2,484,000 or $1.04 per diluted share compared to net earnings of $1,467,000 or $0.60 per diluted share a year ago. Revenue was $112,181,000 compared to $100,772,000 a year ago, representing an 11% increase.

Air T Inc. to Report Fiscal Year 2015 Results on Jun 08, 2015

Air T Inc. announced that they will report fiscal year 2015 results at 8:00 PM, GMT Standard Time on Jun 08, 2015

Air T, Inc., Mountain Air Cargo, Inc., Global Ground Support, LLC, CSA Air, Inc. and Global Aviation Services, LLC Enters into Credit Agreement

On April 1, 2015, Air T, Inc. entered into a Credit Agreement dated as of April 1, 2015 among the company and Mountain Air Cargo, Inc., Global Ground Support, LLC, CSA Air, Inc. and Global Aviation Services, LLC, as borrowers, and Branch Banking and Trust Company, as lender. The Credit Agreement provides for a two-year, senior secured revolving credit facility of $20.0 million, with a sublimit for issuances of letters of credit of up to $500,000. The Credit Agreement became effective on April 1, 2015. Initially, borrowings under the Revolving Credit Facility bear interest (payable monthly) at an annual rate of one-month LIBOR plus 1.50%, although the interest rates under the Revolving Credit Facility are subject to incremental increases based on a consolidated leverage ratio. In addition, a commitment fee accrues with respect to the unused amount of the Revolving Credit Facility at an annual rate of 0.15%. Amounts applied to repay borrowings under the Revolving Credit Facility may be reborrowed, subject to the terms of the facility. The Revolving Credit Facility matures on April 1, 2017. Borrowings under the Revolving Credit Facility, together with hedging obligations owing to the lender under the Revolving Credit Facility or any affiliate of such lender, are secured by a first-priority security interest in substantially all assets of the company and the other borrowers, but excluding interests in real property. The Credit Agreement contains affirmative and negative covenants, including covenants that restrict the ability of the company and the other borrowers to, among other things, incur or guarantee indebtedness, incur liens, dispose of assets, engage in mergers and consolidations, make acquisitions or other investments, make changes in the nature of their business, enter into certain operating leases, and make certain capital expenditures. The Credit Agreement also contains financial covenants, including a minimum consolidated tangible net worth of $22.0 million, a minimum consolidated fixed charge coverage ratio of 1.35 to 1.0, a minimum consolidated asset coverage ratio of 1.75 to 1.0, and a maximum consolidated leverage ratio of 3.5 to 1.0.

 

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Industry Analysis

AIRT

Industry Average

Valuation AIRT Industry Range
Price/Earnings 19.8x
Price/Sales 0.4x
Price/Book 1.6x
Price/Cash Flow 14.7x
TEV/Sales 0.2x
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