Air T Inc

Industrials US AIRT

22.0USD
1.00(4.76%)

Last update at 2025-07-15T17:06:00Z

Day Range

21.9522.00
LowHigh

52 Week Range

12.5328.02
LowHigh

Fundamentals

  • Previous Close 21.00
  • Market Cap45.65M
  • Volume673
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-2.46900M
  • Revenue TTM288.53M
  • Revenue Per Share TTM102.29
  • Gross Profit TTM 45.66M
  • Diluted EPS TTM-4.7

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Income before tax -11.35300M 13.40M -11.78100M 2.62M 4.70M
Minority interest 0.51M -1.29900M 7.59M 3.58M 4.47M
Net income -11.78500M 10.93M -8.39400M 3.17M 1.34M
Selling general administrative 45.38M 29.82M 34.26M 39.62M 38.38M
Selling and marketing expenses - - - - -
Gross profit 48.83M 39.38M 31.67M 46.89M 46.46M
Reconciled depreciation 4.16M 1.86M 3.11M 5.71M 7.69M
Ebit 4.43M 8.76M -0.84700M 4.79M 8.29M
Ebitda 8.59M 12.54M 2.26M 10.50M 15.98M
Depreciation and amortization 4.16M 3.79M 3.11M 5.71M 7.69M
Non operating income net other 0.99M - 2.02M 0.03M 0.06M
Operating income 4.43M 8.76M -0.84700M 4.79M 8.06M
Other operating expenses 243.88M 167.51M 177.71M 229.51M 241.75M
Interest expense 7.93M 4.81M 4.35M 4.46M 3.29M
Tax provision 0.43M 1.17M -3.38700M -0.54400M 1.50M
Interest income 0.33M 0.23M 0.02M 0.00300M 0.06M
Net interest income -7.93500M -4.94800M -4.62400M -4.69200M -3.42710M
Extraordinary items - - - 8.06M -1.00600M
Non recurring 0.52M - 6.58M -0.01900M 0.02M
Other items - - - - -
Income tax expense 0.43M 1.17M -3.38700M -0.54400M 1.50M
Total revenue 247.32M 177.08M 175.12M 236.78M 249.83M
Total operating expenses 45.38M 29.82M 34.26M 39.62M 38.38M
Cost of revenue 198.50M 137.69M 143.45M 189.90M 203.37M
Total other income expense net -15.78000M 4.64M -10.93400M -2.16800M 0.04M
Discontinued operations - - 0.00400M -0.11400M -1.00600M
Net income from continuing ops -11.78500M 12.23M -8.39400M 3.17M 3.20M
Net income applicable to common shares -12.29500M 10.93M -7.27700M 7.66M 1.34M
Preferred stock and other adjustments - - - - -
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Total assets 189.56M 207.60M 140.75M 151.43M 115.14M
Intangible assets 12.10M 13.26M - 0.75M 1.23M
Earning assets - - - - -
Other current assets 7.49M 10.11M 4.07M 5.28M 2.83M
Total liab 163.87M 171.12M 119.44M 120.34M 86.31M
Total stockholder equity 11.90M 24.61M 13.72M 24.01M 24.36M
Deferred long term liab 2.42M - 0.59M 0.58M -
Other current liab 13.13M 13.59M 12.83M 13.02M 13.99M
Common stock 0.76M 0.76M 0.76M 0.76M 0.51M
Capital stock 0.76M 0.76M 0.76M 0.76M 0.51M
Retained earnings 13.69M 26.73M 16.27M 23.77M 21.19M
Other liab 2.46M 4.15M 1.73M 1.07M 0.37M
Good will 10.56M 10.13M 4.23M 4.23M 4.42M
Other assets 3.92M 3.03M 7.87M 0.61M 2.44M
Cash 5.81M 5.62M 11.00M 5.95M 12.52M
Cash and equivalents - - - - -
Total current liabilities 64.29M 30.91M 28.18M 67.75M 52.79M
Current deferred revenue 0.30M - - - 1.52M
Net debt 131.71M 138.37M 84.94M 88.52M 45.13M
Short term debt 40.40M 7.92M 7.01M 43.86M 24.74M
Short long term debt 38.74M 6.48M 5.64M 42.68M 24.74M
Short long term debt total 137.52M 143.99M 95.94M 94.47M 57.65M
Other stockholder equity -3.35500M -2.60900M -2.61700M 0.02M 2.87M
Property plant equipment 21.44M 43.08M 18.41M 5.27M 29.43M
Total current assets 116.56M 128.24M 105.77M 98.49M 71.35M
Long term investments 13.23M 9.86M 4.47M 6.02M 6.70M
Net tangible assets 1.95M 1.23M 9.50M 25.11M 19.13M
Short term investments 0.00000M 0.86M 1.41M 1.68M 1.76M
Net receivables 28.69M 32.05M 10.89M 14.25M 24.26M
Long term debt 86.35M 129.33M 81.86M 43.14M 32.92M
Inventory 71.12M 75.17M 71.97M 60.62M 29.97M
Accounts payable 10.45M 9.40M 8.34M 10.86M 12.55M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 1.08M - 0.99M 1.00M -1.00063M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.82M -0.26300M -0.68400M -0.53700M -0.20509M
Additional paid in capital - - - - -
Common stock total equity 0.76M - 0.76M 0.76M 0.51M
Preferred stock total equity - - - - -
Retained earnings total equity 13.69M - 16.27M 23.77M 21.19M
Treasury stock - - -2.61700M -2.61700M -
Accumulated amortization - - - - -
Non currrent assets other 1.50M 0.22M 7.27M 0.03M 0.92M
Deferred long term asset charges - - - - -
Non current assets total 73.00M 79.36M 34.98M 52.94M 43.79M
Capital lease obligations 12.44M 8.18M 8.45M 8.65M -
Long term debt total 86.35M - 81.86M 43.14M 32.92M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Investments -3.06400M -5.98200M 1.79M -3.19900M -3.48758M
Change to liabilities 0.99M 1.05M -2.52100M 1.51M 1.08M
Total cashflows from investing activities -6.16800M -33.38800M 2.52M 8.61M -23.00382M
Net borrowings -10.85200M 56.51M 2.39M 15.28M 9.34M
Total cash from financing activities -12.38000M 59.25M 0.07M 19.24M 9.55M
Change to operating activities 4.32M -2.14000M -5.91100M 1.60M 1.75M
Net income -11.78500M 12.23M -8.39400M 3.17M 3.20M
Change in cash -1.27800M -7.55900M 0.36M 3.03M 7.57M
Begin period cash flow 8.37M 15.93M 15.57M 12.54M 5.07M
End period cash flow 7.09M 8.37M 15.93M 15.57M 12.65M
Total cash from operating activities 16.91M -33.08400M -1.81900M -25.07400M 20.94M
Issuance of capital stock - - - - -
Depreciation 4.16M 1.86M 3.11M 5.71M 7.69M
Other cashflows from investing activities -1.92600M 0.36M -0.91900M 14.24M -18.19652M
Dividends paid - - - - 0.08M
Change to inventory 10.16M -17.60200M -0.12900M -29.61400M 9.53M
Change to account receivables -6.29000M -12.65400M 6.07M -2.24200M -1.96051M
Sale purchase of stock - - 1.34M 8.52M -0.74417M
Other cashflows from financing activities 148.43M 136.34M 131.56M 206.04M 135.96M
Change to netincome -0.17500M -5.38800M 4.84M -0.65400M 17.74M
Capital expenditures 1.18M 1.56M 6.00M 38.69M 20.47M
Change receivables - - - - -
Cash flows other operating 24.71M - -10.88100M -30.13200M -
Exchange rate changes - - -0.41200M 0.26M 0.10M
Cash and cash equivalents changes -1.63900M - 0.36M 3.03M 7.57M
Change in working capital 17.38M -40.48400M -2.48700M -28.74200M 10.62M
Stock based compensation 0.30M 0.40M - - 1158.24M
Other non cash items 7.15M -6.68700M 5.96M -5.21200M 0.13M
Free cash flow 15.73M -34.64200M -7.82400M -63.76600M 0.47M

Peer Comparison

Sector: Industrials Industry: Integrated Freight & Logistics

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
AIRT
Air T Inc
1.00 4.76% 22.00 - - 0.23 9.68 0.61 -133.4302
UPS
United Parcel Service Inc
-0.2 0.20% 99.92 16.03 15.92 1.44 6.98 1.63 10.04
FDX
FedEx Corporation
-1.535 0.66% 232.44 17.11 15.67 0.80 2.67 1.15 9.59
DPSTF
Deutsche Post AG
- -% 44.98 12.41 13.12 0.70 2.43 0.82 6.09
KHNGY
Kuehne & Nagel International AG ADR
- -% 43.06 21.75 22.83 1.51 10.99 1.49 13.03

Reports Covered

Stock Research & News

Profile

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx. The Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.

Air T Inc

5930 Balsom Ridge Road, Denver, NC, United States, 28037

Key Executives

Name Title Year Born
Mr. Nicholas John Swenson Chairman, Pres & CEO 1969
Mr. Brian Ochocki CFO, Principal Accounting Officer & Treasurer 1968
Mr. Mitch Pothen VP of Technology NA
Mr. Mark Jundt Chief Legal Counsel NA
Ms. Cheryl C. Sigmon Chief Financial Officer of Air Cargo Segment 1956
Ms. Katrina Marie-Kramer Philp Chief of Staff 1985
Mr. Sebastian Lourier Principal & CEO of Crestone Air Partners NA
Mr. Michael Moore Chief Exec. Officer of Global Ground Support LLC NA
Mr. Craig Bentley CEO of Mountain Air Cargo, Inc. & CSA Air, Inc. NA
Mr. Mark Harris CEO of Worthington Aviation, Inc. and AirCo Group NA

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