Overview

* Air T ( AIRT ) fiscal Q1 revenue rises 7% to $70.9 mln

* Operating income improves to $0.4 mln from a loss last year

* Adjusted EBITDA increases to $1.5 mln, driven by Ground Support Equipment sales

Outlook

* Company did not provide specific financial guidance for future periods in the press release

Result Drivers

* GROUND SUPPORT EQUIPMENT - Revenue surged 105% due to higher sales of deicing trucks

* COMMERCIAL AIRCRAFT DECLINE - Revenue decreased due to lower component sales, partially offset by increased lease income

* DIGITAL SOLUTIONS GROWTH - Revenue increased due to higher software subscriptions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 $70.90

Revenue mln

Q1 $1.50

Adjusted mln

EBITDA

Q1 $400,000

Operatin

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)