CVU News and Press, CPI Aerostructures Inc. From 04/19/22

CPI Aerostructures (NYSE:CVU) stock gained 9.8% postmarket after the aircraft parts maker reported strong Q2 results. Q2 EPS was $0.05 vs. -$0.11 in Q2 2020. Revenue grew 13% to $22.3M, driven by execution of CVU's funded military backlog. Q2 gross margin was 16.1% vs. 9.2% in Q2 2020. "Funde...

CPI Aerostructures press release (NYSE:CVU): Q2 GAAP EPS of $0.05. Revenue of $22.3M (+13.0% Y/Y). Shares +15.51%. For further details see: CPI Aerostructures GAAP EPS of $0.05, revenue of $22.3M

Second Quarter 2021 vs. Second Quarter 2020 (Re-stated) Revenue of $22.3 million compared to $19.7 million; Gross profit of $3.6 million compared to $1.8 million; Gross margin of 16.1% compared to 9.2%; Net income of $0.6 million compared to net loss of $(1.4) mi...

CPI Aerostructures (NYSE:CVU) on Monday said the NYSE granted an additional extension of the cure period for its plan to regain compliance with continued listing rules. CVU's plan provided for it to file its delayed quarterly reports for the quarters ended Jun. 30, 2021 and Sept. 30, 2021 bef...

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 gran...

Russia’s invasion of Ukraine has been motivating many nations to increase their defense budgets. This should drive the demand for aerospace and defense companies. Amid favorable policies and rising demand, the industry should yield good returns for investors. Indeed, Wall Street analys...

CPI Aerostructures (NYSE:CVU) appointed Dorith Hakim as CEO, President and director effective immediately, replacing Douglas McCrosson who is leaving to pursue other opportunities. Ms. Hakim has diverse and extensive experience in the aerospace industry; most recently...

EDGEWOOD, N.Y., March 09, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero ® ”) (the “Company”) (NYSE American: CVU) today announced the appointment of Dorith Hakim as Chief Executive Officer, President and director effective immediately, rep...

CPI Aerostructures (NYSE:CVU) announced that Collins Aerospace, a unit of Raytheon Technologies received a purchase order to manufacture the Tactical Synthetic Aperture Radar intelligence, surveillance and reconnaissance system. TacSAR is a long-range synthetic aperture radar system desi...

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 ...