Overview
Air T fiscal Q1 revenue rises 7% to $70.9 mln
Operating income improves to $0.4 mln from a loss last year
Adjusted EBITDA increases to $1.5 mln, driven by Ground Support Equipment sales
Outlook
Company did not provide specific financial guidance for future periods in the press release
Result Drivers
GROUND SUPPORT EQUIPMENT - Revenue surged 105% due to higher sales of deicing trucks
COMMERCIAL AIRCRAFT DECLINE - Revenue decreased due to lower component sales, partially offset by increased lease income
DIGITAL SOLUTIONS GROWTH - Revenue increased due to higher software subscriptions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $70.90 mln | ||
Q1 Adjusted EBITDA | $1.50 mln | ||
Q1 Operating Income | $400,000 |
Press Release: ID:nACS38P9ja
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)