BAY SHORE, N.Y. (AP) — BAY SHORE, N.Y. (AP) — Air Industries Group (AIRI) on Friday reported fourth-quarter net income of $149,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Bay Shore, New York-based company said it had profit of 5 cents.
The maker of parts for the aerospace industry and defense contractors posted revenue of $12.8 million in the period.
For the year, the company reported that its loss narrowed to $1.3 million, or 31 cents per share. Revenue was reported as $47.9 million.
In the final minutes of trading on Friday, the company’s shares hit $3.10. A year ago, they were trading at $3.81.
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