AIR T Reports FY26 Revenue Up 12% to $327M, EPS Soars to $28.85 on Rex Acquisition Gain
AIRT sits 65% above its 52-week low of $14.56.
Summary
AIR T INC reported full-year 2026 revenue of $327.09 million, a 12.1% increase year-over-year, and a diluted EPS of $28.85. This represents a significant turnaround from a net loss in the prior year, with net income reaching $77.98 million. These results follow the company's 10-K filing and an 8-K minutes earlier, which highlighted a transformative year driven by the acquisition of Australian regional airline Rex and a significant non-cash bargain purchase gain. The substantial EPS, largely due to the non-cash gain from the Rex acquisition, marks a major financial event for the company, shifting it from a loss to a substantial profit and expanding its global aviation asset management footprint.
At the time of this announcement, AIRT was trading at $24.08 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $65.1M. The 52-week trading range was $14.56 to $26.70. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.