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AIRI > SEC Filings for AIRI > Form 8-K on 29-Jul-2013All Recent SEC Filings

Show all filings for AIR INDUSTRIES GROUP, INC.

Form 8-K for AIR INDUSTRIES GROUP, INC.


29-Jul-2013

Results of Operations and Financial Condition, Financial Statements an


Item 2.02 Results of Operations and Financial Condition.

On July 29, 2013, Air Industries Group, Inc. ("the "Company") issued a press release regarding its financial results for the six and three months ended June 30, 2013. A copy of the Company's press release is attached hereto as Exhibit 99.1.

Such press release contains information on EBITDA in the discussion of the Company's financial results. EBITDA is a supplemental non-GAAP financial measure.

The Company uses EBITDA as a supplemental liquidity measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies.

EBITDA should be read only in conjunction with the Company's condensed consolidated financial statements prepared in accordance with GAAP.

The information contained in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number                           Description

99.1        Text of press release issued by Air Industries Group,
            Inc. on July 29, 2013.


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