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2023-05-08 17:23:30 ET CPI Aerostructures ( NYSE: CVU ) on Monday said Raytheon Technologies has given a follow-on order to the company to manufacture pod structures and air management system components for the LRIP phase 3 of NGJ-MB program. The binding notificatio...
EDGEWOOD, N.Y., May 08, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced today that Raytheon Technologies authorized CPI Aero to begin manufacturing of pod structures and air management system componen...
EDGEWOOD, N.Y., May 02, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has been awarded multiple purchase orders totaling $7.1 million under a previously announced contract from the U. S. Air...
2023-04-24 04:44:57 ET Summary CPI Aerostructures' 2022 results showed significantly lower revenues but an expansion on margins. CVU margins underperform the industry. After an enterprise valuation, I see little reason to invest in CPI Aerostructures stock. For me an...
2023-04-19 16:48:56 ET CPI Aerostructures ( NYSE: CVU ) on Wednesday said it had got follow-on orders for welded assemblies valued at about $3.6M. The orders were for "complex welded structural assemblies used on a U.S. military helicopter from a current customer," C...
EDGEWOOD, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) announced that it has received follow-on orders for complex welded structural assemblies used on a U.S. military helicopter from a curre...
2023-04-14 17:37:01 ET CPI Aerostructures press release ( NYSE: CVU ): Q4 GAAP EPS of $0.55. Revenue of $24.1M (-8.7% Y/Y). For further details see: CPI Aerostructures GAAP EPS of $0.55, revenue of $24.1M
Fourth Quarter 2022 vs. Fourth Quarter 2021 Revenue of $24.1 million compared to $26.4 million; Gross profit of $3.9 million compared to $2.8 million; Gross margin of 16.1% compared to 10.8%; Net income of $6.8 million ($0.3 million excluding the fourth quarter 2022 deferr...
Summary CVU is a contract manufacturer for aerospace defense contractors. The company operates in several different lines, because its core capabilities are in supply and manufacturing management, not in a particular line. CVU's market does not have great competitive characteristics...
EDGEWOOD, N.Y., Jan. 05, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero® or the Company) (NYSE American: CVU) announced today that an undisclosed aerospace OEM has awarded CPI Aero a $1.8 million contract for complex welded fluid tank assemblies for an unspecified applic...
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First Quarter 2024 vs. First Quarter 2023 Revenue of $19.1 million compared to $22.0 million; Gross profit of $3.6 million compared to $4.7 million; Gross profit margin of 18.6% compared to 21.2%; Net income of $0.2 million compared to $1.0 million; Earnings per share ...
Fourth Quarter 2023 vs. Fourth Quarter 2022 Revenue of $23.5 million compared to $24.1 million; Gross profit of $4.1 million compared to $3.9 million; Gross margin of 17.4% compared to 16.1%; Net income of $14.8 million compared to net income of $6.8 million; Earnings ...
EDGEWOOD, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has appointed Ross Johnson to the position of Vice President, Program Management. Mr. Johnson, 63, has exte...