Last $20.12 USD
Change Today +0.326 / 1.65%
Volume 7.1K
As of 5:20 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

air t inc (AIRT) Snapshot

Open
$19.80
Previous Close
$19.79
Day High
$20.12
Day Low
$19.80
52 Week High
12/16/14 - $27.34
52 Week Low
08/15/14 - $10.68
Market Cap
47.7M
Average Volume 10 Days
6.7K
EPS TTM
$1.35
Shares Outstanding
2.4M
EX-Date
05/14/14
P/E TM
14.9x
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. Its 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, 2014, this segment had approximately 80 aircraft under agreement with FedEx in the United States and the Caribbean. The company’s Ground Equipment Sales segment manufactures, sells, and services aircraft ground support and other specialized 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. This segment offers its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its 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.

576 Employees
Last Reported Date: 06/2/14
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 Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Air T Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported consolidated net earnings of $1,448,000 or $0.61 per diluted share compared to consolidated net earnings of $455,000 or $0.19 per diluted share for the similar fiscal 2014 comparable period. Consolidated revenue increased $1,058,000 (4%) to $30,893,000 for the quarter ended December 31, 2014 compared to the comparable quarter in the prior fiscal year. Consolidated operating income increased $1,345,000 (169%) for the quarter ended December 31, 2014 compared to the comparable quarter in the prior fiscal year. The increase in consolidated operating income from the prior year quarter includes a gain on sale of assets for the current year quarter of $781,000 compared to $25,000 in the prior year quarter. For the nine months, the company reported operating revenues of $87,296,000 against $75,305,000 a year ago. Net earnings were $3,340,000 or $1.41 per diluted share against $1,050,000 or $0.43 per diluted share a year ago.

Air T Inc. to Report Q3, 2015 Results on Feb 03, 2015

Air T Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Feb 03, 2015

Air T Inc. Announces Executive Changes

Air T Inc. appointed Candice L. Otey as its Vice President-Finance, Chief Financial Officer, Treasurer and Secretary and designated her as the company's principal financial officer, on November 17, 2014. Ms. Otey, appointed as the company's principal accounting officer on July 25, 2014, will continue to serve in that position. In connection with Ms. Otey's appointment, on November 17, 2014, Cheryl C. Sigmon was removed as the company's Vice President-Finance, Treasurer, Secretary and principal financial officer. Ms. Sigmon will continue to serve the company as the chief financial officer of the company's air cargo segment, which is comprised of its Mountain Air Cargo Inc. and CSA Air Inc. subsidiaries.

 

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Industry Analysis

AIRT

Industry Average

Valuation AIRT Industry Range
Price/Earnings 12.5x
Price/Sales 0.4x
Price/Book 1.5x
Price/Cash Flow 10.2x
TEV/Sales 0.3x
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