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. 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
03/20181.11NA22.79
12/20170.44NA56.12
09/20171.28NA13.80
06/2017-1.51NAN/E
12/2016-1.27NAN/E
09/2016-0.40NAN/E
06/20160.84NA25.60
03/20162.06NA11.73

Key Financial Ratios and Statistics

FYE: 03/31

Profitability 2018 Leverage 2018
Net Inc/Comm Equity0.49Total Liab/Total Assets0.72
Net Inc/Total Assets0.02Total Liab/Inv Cap1.23
Net Inc/Inv Cap0.04Total Liab/Comm Equity14.96
Pretax Inc/Net Sales0.01Interest Coverage Ratio2.54
Net Inc/Net Sales0.01Curr Debt/Equity0.37
Cash Flow/Net Sales0.00LTD/Equity1.55
SG&A/NetSales0.17Total Debt/Equity1.91
Asset Utilization   Liquidity  
Net Receivables Turnover9.49Quick Ratio0.88
Inventory Turnover5.75Current Ratio1.98
Inventory Day Sales0.01Net Rec/Curr Assets0.31
Net Sales/Work Cap6.38Inv/Curr Assets0.56
Net Sales/PP&E9.59  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 53.46 44.50 48.86 47.70
Cost of Goods Sold 43.35 35.60 39.50 36.80
Selling & Admin Exps 8.18 7.52 8.36 8.09
Operating Income 1.01 0.55 0.48 2.21
Interest Exp 0.71 0.54 0.32 0.15
Pretax Income 1.06 -0.77 0.76 1.60
Other Income 0.20 -0.89 0.54 -0.43
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1.56 -0.67 0.42 0.97

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 6.60 10.24 4.46 4.76
Receivables - Total 19.39 18.91 23.11 22.33
Inventories - Total 34.23 19.67 18.13 25.35
Total Current Assets 61.67 50.25 47.01 53.87
Net Property, Plant & Equipment 20.27 18.14 12.68 5.36
Total Assets 97.15 80.01 70.46 69.73
Liabilities        
Accounts Payable 21.95 17.69 21.21 19.65
Debt in Current Liabilities 9.23 2.50 1.63 2.23
Total Current Liabilities 31.18 20.19 22.84 21.87
Long-Term Debt 38.86 32.30 20.25 20.86
Total Liabilities 70.04 54.09 44.51 44.07
Stockholder's Equity        
Minority Interest -0.87 -0.78 -0.78 -0.79
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.51 0.51 0.51 0.51
Retained Earnings 20.70 19.14 19.85 19.43
Treasury Stock NA NA NA NA
Total Stockholders' Equity 25.12 23.93 24.15 23.95
Total Liabilities and Stockholders' Equity 95.15 78.01 68.67 68.02

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -8.58 1.26 9.18 -2.14
Net Cash Provided by Investing Activities -7.80 -6.72 -8.47 -3.42
Net Cash Provided by Financing Activities 13.20 12.10 -1.25 4.68

Annual Summary Data (Millions)

Year Sales Net Income EPS
03/2014100.771.470.60
03/2015112.182.481.04
03/2016148.214.412.06
03/2017148.47-3.21--
03/2018194.522.281.11
Growth Rates17.87----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/181355527.17




Report Date : 7/16/2018

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