AIR T INC (AIRT)

Air T, Inc. is a holding company, which engages in the provision of overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other industrial equipment, and provides ground support equipment and facilities maintenance to airlines. It operates through the following segments: Overnight Air Cargo, Ground Equipment Sales, Ground Support Services, Printing Equipment & Maintenance, Commercial Aircrafts Engines & Parts, Printing Equipment & Maintenance and Corporate & Other. The Overnight Air Cargo segment operates in the air express delivery services industry. The Ground Equipment Sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers. The Ground Support Services segment offers ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. The Commercial Aircrafts, Engines & Parts segment manages and leases aviation assets, supplies surplus and aftermarket commercial jet engine components, provides commercial aircraft disassembly, part-out services, and commercial aircraft parts sales. The Printing Equipment & Maintenance segment designs, manufactures, and sells advanced digital print production equipment and provides maintenance services to commercial customers. The Corporate & Other segment acts as the capital allocator and resource for other segments. The company was founded in 1980 and is headquartered in Charlotte, NC.

Address

11020 DAVID TAYLOR DRIVE
CHARLOTTE, NC 28262

Founded

1980

Number of Employees

624

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
- - $7,917 - - $2,309 $459 - $1,377 $102 $1,150 $2,219
Average Price - - $160.07 - - $194.77 $14.94 - $21.65 $24.00 $18.71 $60.15
# Shares Purchased - - 49,461 - - 11,857 30,746 - 63,607 4,242 61,457 36,895
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - -86.9% - - -89.2% 40.6% - -3.0% -12.5% 12.2% -65.1%
S&P 500 Return to Date - - 168.6% - - 93.1% 74.8% - 37.3% 31.3% 7.4% 68.8%
Excess Total Return - - -255.5% - - -182.3% -34.3% - -40.3% -43.8% 4.8% -133.8%
Quartile Rank
Percentile Rank - - 3% - - 2% 51% - 43% 24% 65% 9%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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