Company Information

  

Address: 3524 AIRPORT RD  
City: MAIDEN 
State: NC 
Zip Code: 28650 
Telephone: 704-377-2109 

Description of Business

Primary SIC Code: 4513
(As filed with the SEC)  

Air T, Inc. (the "Company," "Air T," "we" or "us") is a decentralized holding company with ownership interests in a broad set of operating and financial assets that are designed to expand, strengthen and diversify our cash earnings power. Our goal is to build on Air T's core businesses, to expand into adjacent industries, and when appropriate, to acquire companies that we believe fit into the Air T family. We currently operate wholly owned subsidiaries in three legacy industry segments: * overnight air cargo, comprised of our Mountain Air Cargo, Inc. ("MAC") and CSA Air, Inc.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-1.51NAN/E
12/2016-1.27NAN/E
09/2016-0.40NAN/E
06/20160.84NA25.60
03/20162.06NA11.73
12/20152.15NA11.38
09/20151.52NA11.71
03/20151.04NA23.65

Key Financial Ratios and Statistics

FYE: 03/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.89Total Liab/Total Assets0.33
Net Inc/Total Assets0.09Total Liab/Inv Cap0.50
Net Inc/Inv Cap0.14Total Liab/Comm Equity3.14
Pretax Inc/Net Sales0.04Interest Coverage Ratio77.21
Net Inc/Net Sales0.03Curr Debt/Equity0.05
Cash Flow/Net Sales0.02LTD/Equity0.00
SG&A/NetSales0.15Total Debt/Equity0.05
Asset Utilization   Liquidity  
Net Receivables Turnover11.99Quick Ratio1.70
Inventory Turnover11.80Current Ratio2.48
Inventory Day Sales0.03Net Rec/Curr Assets0.36
Net Sales/Work Cap6.38Inv/Curr Assets0.32
Net Sales/PP&E32.38  

Income Statement (Millions)

  12/31/2016 9/30/2016 6/30/2016 3/31/2016
Total Revenues(Net Sales) 35.77 38.52 30.49 34.58
Cost of Goods Sold 27.69 30.65 23.23 27.37
Selling & Admin Exps 5.91 6.26 11.84 8.32
Operating Income 1.64 1.02 -7.07 -2.31
Interest Exp 0.14 0.08 0.06 0.10
Pretax Income 1.81 1.45 -8.36 -2.22
Other Income 0.30 0.51 -1.22 0.15
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.86 1.07 -3.68 -1.09

Balance Sheet (Millions)

Assets 12/31/2016 9/30/2016 6/30/2016 3/31/2016
Cash & Short Term Investments 5.64 5.54 9.57 11.11
Receivables - Total 18.21 25.37 13.58 13.91
Inventories - Total 20.95 17.67 15.20 12.27
Total Current Assets 45.99 49.75 39.55 38.96
Net Property, Plant & Equipment 5.17 4.90 4.81 4.58
Total Assets 62.03 65.93 50.37 52.15
Liabilities        
Accounts Payable 15.76 18.24 16.93 13.86
Debt in Current Liabilities 1.16 1.82 2.18 1.86
Total Current Liabilities 16.93 20.05 19.11 15.72
Long-Term Debt 18.36 20.76 3.32 0.00
Total Liabilities 35.54 40.37 19.09 17.38
Stockholder's Equity        
Minority Interest -3.28 -3.93 -3.91 0.50
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.51 0.51 0.59 0.59
Retained Earnings 20.45 19.60 25.67 29.35
Treasury Stock NA NA NA NA
Total Stockholders' Equity 25.36 24.49 31.28 34.77
Total Liabilities and Stockholders' Equity 60.90 64.85 50.37 52.15

Cash Flow Summary (Millions)

Categories 12/31/2016 9/30/2016 6/30/2016 3/31/2016
Net Cash Provided by Operating Activities 3.08 -9.00 -4.76 0.23
Net Cash Provided by Investing Activities -0.62 -1.96 -0.23 -1.26
Net Cash Provided by Financing Activities -3.05 9.16 3.63 1.85

Annual Summary Data (Millions)

Year Sales Net Income EPS
03/201289.381.350.55
03/2013103.061.670.68
03/2014100.771.470.60
03/2015112.182.481.04
03/2016148.214.942.06
Growth Rates13.4838.3239.12

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/171956527.66




Report Date : 10/16/2017

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