Air Industries Group (the "Company" or "Air Industries") Announces

Results for Second Quarter 2015; Reiterates Revenue and EBITDA Guidance for 2015; Conference Call - Seite 2

Diluted earnings per common share were $(0.08) for three months ended June 30, 2015 a decrease of $(0.17) or approximately (185.1%) from $0.09 for the three months ended June 30, 2014.

Financial Results for the Six Months Ended June 30, 2015:

For the six months ended June 30, 2015:

• Consolidated net sales were $35,868,000, an increase of $7,055,000 or 24.5% compared to consolidated net sales of $28,813,000 for the comparable period last year.
• Consolidated gross profit was $8,266,000, or approximately 23.0% of sales for the six months ended June 30, 2015 compared to $7,398,000 or approximately 25.7% of sales for the comparable period last year.
• Consolidated operating expenses were $7,728,000 for the six months ended June 30, 2015, an increase of $1,816,000 or 30.7% compared to $5,912,000 for the comparable period last year.

For six months ended June 30, 2015 consolidated operating income was $538,000, a decrease of $(948,000) or (63.8%) from $1,486,000 for the comparable period last year. Consolidated income before taxes was $(290,000), a decrease of $(1,106,000) or (135.5%) from $816,000 for the comparable period last year. Consolidated net income was $(497,000), a decrease of $(1,454,000) or (151.9%) compared with $957,000 for the six months ended June 30, 2014.

Diluted earnings per common share were $(0.07) for the six months ended June 30, 2015 a decrease of $(0.22) or approximately (144.7%) from $0.15 for the comparable period last year.

As previously announced, Air Industries declared and will pay a dividend of $0.15 per share on August 12, 2015; the 11^th consecutive quarterly dividend paid since the fourth quarter of 2012.

Air Industries will host a conference call to discuss results for the second quarter of 2015 on Monday, August 10, 2015 at 4:00 pm EDT.
Participants, United States of America: 800-768-6569 or 785-830-7992
Conference Code: 8527330

ABOUT AIR INDUSTRIES GROUP
Air Industries Group (AIRI) is an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors. Air Industries operates in three segments: Complex Machining of aircraft landing gear and flight controls, Aerostructures & Electronics, and Turbine Engine Components.