Air Industries Group Announces Date for Q2 2025 Earnings Release
Investor Conference Call
The company will host an Earnings Conference Call on Thursday, August 14 th at 4:30 pm Eastern.
Conference Toll-Free Number 877–524–8416
ABOUT AIR INDUSTRIES GROUP
Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether it is a small individual component or complete assembly, its high quality and extremely reliable products are used in mission critical operations that are essential for the safety of military personnel and civilians.
FORWARD LOOKING STATEMENTS
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA, the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
NON-GAAP FINANCIAL MEASURES
The Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes the financial impact of transactions such as interest expense necessary to conduct the Company's business and therefore are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because items such as amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet occurred, are out of the Company's control, or cannot be predicted. For example, quantification of stock-based compensation is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
24 minutes ago
- Business Wire
Franklin BSP Capital Corporation Announces Third Quarter 2025 Common Stock Distribution of $0.29 Per Share
NEW YORK--(BUSINESS WIRE)--Franklin BSP Capital Corporation, Inc. ('FBCC' or the 'Company') announced its Board of Directors has declared a quarterly cash distribution of $0.29 per common share. The distribution is payable on or about September 2, 2025, to common stockholders of record as of August 7, 2025. The Board of Directors also declared a third quarter 2025 distribution on its convertible Series A Preferred Stock in an amount equal to the as-converted common distribution amount. Going forward, the Company currently expects, subject to Board approval and other customary considerations, to pay dividends on or about the dates set forth in the schedule below. Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Payment Date 9/2/2025 12/18/2025 3/31/2026 6/30/2026 9/30/2026 Expand About Franklin BSP Capital Corporation FBCC is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Its investment objective is to generate both current income and to a lesser extent long-term capital appreciation through debt and equity investments. FBCC is managed by Franklin BSP Capital Adviser L.L.C. (the 'Adviser'), an affiliate of Benefit Street Partners L.L.C. ('BSP'), a wholly owned subsidiary of Franklin Resources, Inc. The Adviser oversees the management of FBCC's activities and is responsible for making investment decisions with respect to FBCC's portfolio. BSP is a leading credit-focused alternative asset management firm with approximately $79 billion in assets under management as of May 31, 2025. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Statements included herein may constitute 'forward-looking statements,' which relate to future events or the Company's future performance or financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about the Company, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as 'anticipate,' 'believe,' 'expect,' 'seek,' 'plan,' 'should,' 'estimate,' 'project' and 'intend' indicate forward-looking statements, although not all forward-looking statements include these words. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Company's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in the Company's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which the Company makes them. FBCC has based the forward-looking statements included in this press release on information available to them on the date of this press release, and they assume no obligation to update any such forward-looking statements. Although FBCC undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that FBCC in the future may file with the Securities and Exchange Commission.
Business Wire
43 minutes ago
- Business Wire
AM Best Upgrades Credit Ratings of EFU General Insurance Limited
LONDON--(BUSINESS WIRE)-- AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to 'bb' (Fair) from 'bb-' (Fair) of EFU General Insurance Limited (EFUG) (Pakistan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect EFUG's balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and marginal enterprise risk management (ERM). The rating upgrades reflect improvements in EFUG's balance sheet strength fundamentals, notably through strengthened risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), underpinned by good earnings retention. In addition, the upgrade considers improvements in the economic, political and financial system risks in Pakistan. The stable outlooks reflect EFUG's strengthened risk-adjusted capitalisation, which is expected to remain at least at the very strong level, as measured by BCAR. However, the company's risk-adjusted capitalisation remains potentially volatile and sensitive to asset risk, which is the primary driver of required capital. Further offsetting factors include a high dependence on reinsurance and exposure to a non-rated reinsurance counterparty, through mandatory cessions to the state-owned reinsurer in Pakistan. EFUG has a history of robust operating profitability, with a five-year (2020-2024) weighted average return on equity of 14.9%, supported by positive underwriting and investment results. The company has generated solid underwriting profits over the same period, with an average combined ratio of 88.8%. Despite difficult market conditions, AM Best expects EFUG's prospective underwriting performance to remain strong. EFUG benefits from its leading market position domestically, with an estimated non-life market share of 20% in 2024. The company has a well-diversified underwriting portfolio across non-life business segments, and when combining conventional and takaful business, EFUG wrote consolidated gross written premium of PKR 41.3 billion (USD 149 million) in 2024. The company experienced a marginal decline in premiums during 2024 as part of a strategic action to de-risk its underwriting portfolio. The company leverages its long-standing client relationships in the market, which has helped it to navigate the challenging business environment. AM Best views EFUG's ERM as marginal given the size and complexity of its operations. The company's risk profile remains exposed to Pakistan's elevated economic, political and financial system risks. While AM Best notes EFUG's historical operational resilience to country risk factors, risk management challenges are presented by its concentration of business and assets in Pakistan. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Business Wire
an hour ago
- Business Wire
ATS to Participate in the RBC Capital Markets Global Industrials Conference
CAMBRIDGE, Ontario--(BUSINESS WIRE)--ATS Corporation (TSX: ATS) (NYSE: ATS) (' ATS ' or the ' Company ') today announced that Ryan McLeod, Interim Chief Executive Officer, and Anne Cybulski, Interim Chief Financial Officer, will participate in the RBC Capital Markets Global Industrials Conference in New York City, NY on September 16, 2025. ATS is scheduled to host a break-out session at the event on Tuesday, September 16th, 2025, at 10:40 a.m. ET. Management will host institutional investor meetings at the Conference, which can be arranged by contacting your RBC Capital Markets representative or akapur2@ About ATS Corporation ATS Corporation is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, transportation, food & beverage, consumer products, and energy. Founded in 1978, ATS employs approximately 7,500 people at more than 65 manufacturing facilities and over 85 offices in North America, Europe, Asia and Oceania. The Company's common shares are traded on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol ATS. Visit the Company's website at
