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
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
12/20152.15NA11.38
09/20151.52NA11.71

Key Financial Ratios and Statistics

FYE: 03/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.68Total Liab/Total Assets0.63
Net Inc/Total Assets-0.05Total Liab/Inv Cap0.91
Net Inc/Inv Cap-0.07Total Liab/Comm Equity8.68
Pretax Inc/Net Sales-0.03Interest Coverage Ratio-6.38
Net Inc/Net Sales-0.02Curr Debt/Equity0.00
Cash Flow/Net Sales-0.05LTD/Equity0.80
SG&A/NetSales0.21Total Debt/Equity0.80
Asset Utilization   Liquidity  
Net Receivables Turnover8.36Quick Ratio1.43
Inventory Turnover7.22Current Ratio2.41
Inventory Day Sales0.02Net Rec/Curr Assets0.44
Net Sales/Work Cap5.19Inv/Curr Assets0.40
Net Sales/PP&E27.88  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 48.86 47.70 43.69 35.77
Cost of Goods Sold 39.50 36.80 34.09 27.69
Selling & Admin Exps 8.36 8.09 7.67 5.91
Operating Income 0.48 2.21 1.31 1.64
Interest Exp 0.32 0.15 0.29 0.14
Pretax Income 0.76 1.60 0.87 1.81
Other Income 0.54 -0.43 -0.16 0.30
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.42 0.97 0.23 1.22

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 4.46 4.76 5.78 5.64
Receivables - Total 23.11 22.33 21.62 18.21
Inventories - Total 18.13 25.35 19.78 20.95
Total Current Assets 47.01 53.87 48.86 45.99
Net Property, Plant & Equipment 12.68 5.36 5.32 5.17
Total Assets 70.46 69.73 65.34 62.03
Liabilities        
Accounts Payable 21.21 19.65 20.24 15.76
Debt in Current Liabilities 1.63 2.23 0.03 1.16
Total Current Liabilities 22.84 21.87 20.27 16.93
Long-Term Debt 20.25 20.86 18.41 18.36
Total Liabilities 44.51 44.07 40.93 37.89
Stockholder's Equity        
Minority Interest -0.78 -0.79 -0.80 -0.93
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.51 0.51 0.51 0.51
Retained Earnings 19.85 19.43 18.46 18.23
Treasury Stock NA NA NA NA
Total Stockholders' Equity 24.15 23.95 22.97 23.01
Total Liabilities and Stockholders' Equity 68.67 68.02 63.89 60.90

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 9.18 -2.14 3.12 3.08
Net Cash Provided by Investing Activities -8.47 -3.42 -0.89 -0.62
Net Cash Provided by Financing Activities -1.25 4.68 -1.05 -3.05

Annual Summary Data (Millions)

Year Sales Net Income EPS
03/2013103.061.670.68
03/2014100.771.470.60
03/2015112.182.481.04
03/2016148.214.412.06
03/2017148.47-3.21--
Growth Rates9.56----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/171555127.01




Report Date : 12/11/2017

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