Military was Air Industries’s largest revenue line in fiscal 2023, bringing in $42.39M of $51.52M (82%).
| Industry Sector | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Military | $51.56M | $43.99M | $42.39M |
| Commercial | $7.38M | $9.25M | $9.12M |
| Total | $58.94M | $53.24M | $51.52M |
Air Industries brought in $51.52M from its two revenue lines in fiscal 2023, the year ended December 31, 2023. That was down 3.2% from $53.24M in fiscal 2022. Military was the largest at $42.39M (82.3%), ahead of Commercial at $9.12M (17.7%).
Compared with fiscal 2022, Commercial fell 1.3% to $9.12M and Military fell 3.6% to $42.39M. From fiscal 2021 to 2023, combined revenue from these revenue lines fell from $58.94M to $51.52M, a compound annual decline of 6.5%. Military's share of the total fell from 87.5% to 82.3%.
Complex Machining was Air Industries’s largest segment in fiscal 2021, bringing in $52.92M of $58.94M (90%).
| Segment | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Complex Machining | $39.75M | $48.23M | $44.66M | $52.92M | |||||
| Aim | — | — | — | — | |||||
| Wmi | — | — | — | — | |||||
| Aerostructures & Electronics | — | — | — | — | |||||
| Aerostructures Electronics | — | — | — | — | |||||
| Aerostructures &Amp; Electronics | — | — | — | — | |||||
| Ntw | — | — | — | — | |||||
| Turbine Engine Components | $4.79M | $6.35M | $5.44M | $6.02M | |||||
| Total | $44.53M | $54.57M | $50.10M | $58.94M |
Air Industries brought in $58.94M from its two segments in fiscal 2021, the year ended December 31, 2021. That was up 17.6% from $50.10M in fiscal 2020. Complex Machining was the largest at $52.92M (89.8%), ahead of Turbine Engine Components at $6.02M (10.2%).
Compared with fiscal 2020, Complex Machining grew 18.5% to $52.92M and Turbine Engine Components grew 10.7% to $6.02M. From fiscal 2018 to 2021, combined revenue from these segments grew from $44.53M to $58.94M, a compound annual growth rate of 9.8%. Complex Machining's share of the total rose from 89.3% to 89.8%.
Air Industries (AIRI) reports its revenue by industry sector and by segment. In fiscal 2023, Military was its largest revenue line, bringing in $42.39M (82.3% of the total), followed by Commercial at $9.12M (17.7%).
Military was Air Industries' largest revenue line in fiscal 2023, bringing in $42.39M, or 82.3% of the $51.52M total across its two revenue lines.
Complex Machining was Air Industries' largest segment in fiscal 2021, bringing in $52.92M, or 89.8% of the $58.94M total across its two segments.
Complex Machining grew faster than Turbine Engine Components in fiscal 2021, up 18.5% from $44.66M to $52.92M. Turbine Engine Components grew 10.7% to $6.02M.
Every figure comes from Air Industries' annual financial filings, as reported. Each line keeps the name Air Industries gives it, and years follow its fiscal calendar.
Air Industries' revenue by industry sector goes back to fiscal 2021, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.