Air Industries Group reaffirmed its target of achieving at least $50.0 million in net sales for fiscal year 2024. The company also stated that Adjusted EBITDA is expected to significantly surpass 2023 levels, indicating anticipated improvements in profitability.
The company's backlog of undelivered, fully-funded customer orders surpassed $105 million as of September 30, 2024. This represents a 4% increase since June 30, 2024, and a 22% rise since January 1, 2023, demonstrating consistent growth in secured future business.
This expanding backlog provides a clear runway for sustained growth and reflects the company's success in securing new business. The increase in funded orders offers significant revenue visibility for the coming periods.
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