Air T Q1 revenue rises

Reuters
Aug 14
<a href="https://laohu8.com/S/AIRT">Air T</a> Q1 revenue rises

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.)

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