CPI Aerostructures Q2 2023 revenue $20.5M (+8.6% YoY); net income $1.2M EPS $0.09

CPI AEROSTRUCTURES INC

2023-Q2 EPS reported $0.17 revenue$42,564,223

Q2 revenue $20.5M vs $18.9M; gross margin 22.4% vs 19.3%.
Net income $1.2M, diluted EPS $0.09, vs $0.5M and $0.04 YoY.
Backlog of $510M as of June 30, 2023; debt down to $21.3M from $24.6M.
Six-month cash from operations $0.9M vs -$2.1M; net income $2.1M vs $0.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CPI AEROSTRUCTURES INC reported the quarter ended June 30, 2023 results: revenue $20.5 million, net income $1.2 million, EPS $0.09.

Period: the quarter ended June 30, 2023
Revenue: $20.5 million
Net income: $1.2 million
EPS: $0.09
Result: reported results

Exact text from the filing

CPI AEROSTRUCTURES REPORTS SECOND QUARTER AND SIX MONTH 2023 RESULTS Second Quarter 2023 vs. Second Quarter 2022 · Revenue of $20.5 million compared to $18.9 million; · Gross profit of $4.6 million compared to $3.7 million; · Gross margin of 22.4% compared to 19.3%; · Net income of $1.2 million compared to $0.5 million; · Earnings per diluted share of $0.09 compared to $0.04; · Cash flow from operations of $0.0 million compared to $0.3 million.

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Source: SEC EDGAR

accession 0001387131-23-010031

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