CPI Aerostructures Inc

CPI Aerostructures, Inc. engages in the manufacture of structural assemblies, integrated systems, and kitted components for the international aerospace and defense markets. Its products are used by customers in the production of fixed wing aircraft, helicopters, electronic warfare systems, intelligence, surveillance, and reconnaissance systems, missiles. The company was founded by Arthur August in 1980 and is headquartered in Edgewood, NY.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Third Quarter 2022 vs. Third Quarter 2021

CPI Aerostructures Reports Third Quarter and Nine Month 2022 Results

Company to Manufacture Gunner Window Assemblies for the UH-60M Black Hawk® Company to Manufacture Gunner Window Assemblies for the UH-60M Black Hawk®

Sikorsky Awards Five-Year Contract to CPI Aerostructures

EDGEWOOD, N.Y., Oct. 26, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced that Embraer S.A. of Brazil (NYSE: ERJ) has placed several orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue through 2023.

CPI Aerostructures Receives $4.4M Order From Embraer for Engine Inlet Assemblies

EDGEWOOD, N.Y., July 07, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (OTC Pink: CVUA) today announced that Lockheed Martin (NYSE: LMT) has placed an order against a previously announced multi-year contract to manufacture structural assemblies for the F-16V aircraft, the world's most technologically advanced fourth generation fighter. This order funds additional quantities of Rudder Island and Drag Chute Canister (“RI/DCC”) assemblies for the F-16V. The RI/DCC is a large structural sub-assembly that is installed on the tail section of the aircraft. This order brings the total funding authorized to date on this multi-year contract to $20.6 million. Deliveries on this follow-on order are expected to begin during the fourth quarter of 2023 and continue through mid-2024.

CPI Aerostructures Receives $2.7M Order From Lockheed Martin for F-16V Structural Assemblies

Company Remains Focused on Operational Success

CPI Aero Receives NYSE American Delisting Determination Notification

Third Quarter 2021 vs. Third Quarter 2020 (Re-stated)

CPI Aerostructures Reports Third Quarter and Nine Month 2021 Results

Second Quarter 2021 vs. Second Quarter 2020 (Re-stated)

CPI Aerostructures Reports Second Quarter And Six Month 2021 Results

EDGEWOOD, N.Y., April 11, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or “Company”) (NYSE American: CVU) announced that it received notice from the NYSE American LLC (“Exchange”) informing the Company that the Exchange has granted CPI Aero's request for an additional extension of the cure period for the Company's plan to regain compliance with the Exchange's standards for continued listing of its common stock under the timely filing criteria included in the NYSE American Company Guide.

CPI Aerostructures, Inc. Announces NYSE American Grants Additional Extension of Cure Period for Timely Filing Criteria Plan of Compliance

Boeing

Gentex

Gogo

HEICO

Honeywell

Lockheed Martin

Northrop Grumman

Raytheon Technologies

A Boeing Co (NYSE: BA) 737-800 carrying 132 passengers operated by China Eastern Airlines went down while flying over the Guangxi region in China Monday morning. This comes at a crucial time for Boeing, as the company is rebounding from the 737 MAX being grounded between.

9 Aircraft Industry Stocks Other Than Boeing

Former Group Vice President of Parker Hannifin Aerospace to Lead the Company Former Group Vice President of Parker Hannifin Aerospace to Lead the Company

CPI Aerostructures Appoints Dorith Hakim as Chief Executive Officer, President and Director

EDGEWOOD, N.Y., March 03, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that Collins Aerospace, a unit of Raytheon Technologies Corp. (NYSE: RTX), has awarded CPI Aero a purchase order to manufacture the Tactical Synthetic Aperture Radar (TacSAR) intelligence, surveillance and reconnaissance (ISR) system. TacSAR is a long-range synthetic aperture radar system designed for overland and maritime reconnaissance and surveillance developed by Collins Aerospace (Collins) and Leonardo UK Ltd.

CPI Aerostructures Receives $4M Contract From Collins Aerospace for Airborne Pod System

EDGEWOOD, N.Y., Feb. 03, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that it has received a purchase order for welded structural assemblies from a current customer valued at approximately $1.9 million. The welded assemblies are used on a U.S. military helicopter. The entire order is expected to be delivered in 2022.

CPI Aerostructures Receives $1.9 Million Order for Welded Assemblies

EDGEWOOD, N.Y., Jan. 12, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU) announced today that President and Chief Executive Officer Douglas McCrosson has been appointed to the Aerospace Industries Association's (AIA) Board of Governors for 2022. AIA, the voice of American aerospace and defense, advocates for the U.S. defense industry on Capitol Hill, within the administration and internationally. Mr. McCrosson was appointed during the December 2021 Board of Governors meeting.

CPI Aerostructures CEO Appointed to Aerospace Industries Association's Board of Governors

CPI Aerostructures, Inc. (NYSE: CVU) reported financial results for the three months ended March 31, 2021, and has filed a Form 10-Q today for the Q1 period. It had recently completed the restatement of 2020 and 2019 results.

CPI Aerostructures Clocks 83% Revenue Growth In Q1

First Quarter 2021 vs. First Quarter 2020 (Re-stated)

CPI Aerostructures Reports First Quarter 2021 Results

EDGEWOOD, N.Y., Dec. 23, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero”) (NYSE American: CVU) announced today that it will issue its financial results for its fiscal first quarter ended March 31, 2021 before the market opens on Monday, December 27, 2021.

CPI Aerostructures to Report 2021 First Quarter Financial Results

First Half 2021 (Estimated) vs. First Half 2020 (Restated)

CPI Aerostructures Reports Estimated Results for the First Six Months of 2021

EDGEWOOD, N.Y., Nov. 24, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it filed a Comprehensive Form 10-K/A for the twelve-month periods ended December 31, 2020 and December 31, 2019. This Comprehensive Form 10-K/A contains the audited restated financial statements as of and for the years ended December 31, 2020 and December 31, 2019, as well as restatements of unaudited restated quarterly financial statements as of and for the quarters ended March 31, June 30 and September 30, 2020.

CPI Aerostructures Completes Restatement of 2020 and 2019 Results

EDGEWOOD, N.Y., Nov. 24, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or “Company”) (NYSE American: CVU) announced that on November 23, 2021, it received a notice from the NYSE American LLC (“Exchange”) informing the Company that the Exchange had accepted CPI Aero's plan to regain compliance with the Exchange's standards for continued listing of its common stock under the timely filing criteria included in the NYSE American Company Guide.

CPI Aerostructures, Inc. Announces NYSE American Acceptance of Timely Filing Criteria Plan of Compliance

EDGEWOOD, N.Y., Nov. 22, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or “Company”) (NYSE American: CVU) announced that on November 19, 2021 the Company received notice from NYSE American LLC (the “Exchange”) that it has accepted the Company's plan to regain compliance with the Exchange's continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide and has granted a plan period through March 17, 2023, subject to periodic review by the Exchange, including quarterly monitoring, for compliance with the plan.

CPI Aerostructures, Inc. Announces NYSE American Acceptance of Compliance Plan

- Plans to File Comprehensive Form 10-K/A That Includes Restated Results for 2020 and 2019 -

CPI Aerostructures Provides Update to Restatement of Results

EDGEWOOD, N.Y., Nov. 01, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced today that an undisclosed aerospace OEM has awarded CPI Aero a $1 million contract for complex welded fluid tank assemblies for an unspecified application. First deliveries will begin in mid-2022 and end in 2023.

CPI Awarded $1M Order for Welded Fluid Tank Assemblies

EDGEWOOD, N.Y., Oct. 27, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced today that Raytheon Intelligence & Space, a Raytheon Technologies business, has increased the value of a previously awarded contract with CPI Aero to produce pod structures. In 2019, CPI Aero announced it was selected by Raytheon Intelligence & Space for a contract to produce a pod structure for an undisclosed application with an estimated value of approximately $2.3 million. With this modification, the work scope has been modified and the quantity to be produced has been increased. The value of the contract is now expected to be approximately $8.0 million. No other details will be provided.

Raytheon Intelligence & Space Awards Multi-Million Dollar Contract Modification to CPI Aerostructures to Produce Pod Prototypes

EDGEWOOD, N.Y., Oct. 25, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) announced today that its 2021 Annual Meeting of Shareholders will be held on Wednesday, December 29, 2021 at 9:00 a.m. Eastern Time at the Company's offices located at 91 Heartland Blvd., Edgewood New York, 11717. The record date for the meeting is November 4, 2021.

CPI Aerostructures, Inc. Announces Date For Annual Meeting of Shareholders

EDGEWOOD, N.Y., Oct. 25, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (the “Company”) (NYSE American: CVU) today announced the appointment of Andrew (“Andy”) L. Davis, a financial executive with more than 30 years of experience in finance and accounting, as chief financial officer effective immediately. Mr. Davis replaces Thomas Powers who has been serving as acting chief financial officer since February 2020. Mr. Powers will remain with the Company in his prior role as director of FP&A until his planned retirement at the end of this year.

News for CPI Aerostructures Inc Stock (CVU)