{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-004539","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2024-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.323429+00:00","generated_at":"2026-06-04T01:38:00.255557+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CPI Aero Q4 net income $14.8M, EPS $1.20 (incl. $1.11 tax benefit); full-year revenue $86.5M, backlog $513.4M","bullets":["Q4 revenue $23.5M vs $24.1M; net income $14.8M ($1.20 EPS) includes $13.8M tax benefit.","Adjusted Q4 EPS $0.09 vs $0.03 in prior year; full-year adjusted EPS $0.28 flat YoY.","Full-year revenue $86.5M (+3.8% YoY); gross margin 19.7% vs 19.6%.","Debt reduced to $20.1M from $22.8M; cash from operations $3.9M compared to $0.9M.","Backlog of $513.4M at year-end; CEO cites strong long-term outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-004539","json":"https://secwatch.observer/filing/0001999371-24-004539.json","markdown":"https://secwatch.observer/filing/0001999371-24-004539.md","text":"https://secwatch.observer/filing/0001999371-24-004539.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/0001999371-24-004539-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/cvu-8k_040124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:38:00.255557+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"262098317626622982664a4f69495c1c04425a61","claim":"CPI AEROSTRUCTURES INC reported Fourth Quarter 2023 vs. Fourth Quarter 2022 results: revenue Revenue of $23.5 million compared to $24.1 million, net income Net income of $14.8 million compared to net income of $6.8 million, EPS Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of.","evidence_excerpt":"CPI AEROSTRUCTURES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS 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 per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.11) compared to earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $0.52); ● Cash flow from operations of $3.1 million compared to $0.1 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/0001999371-24-004539-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2023 vs. Fourth Quarter 2022"},{"label":"Revenue","value":"Revenue of $23.5 million compared to $24.1 million"},{"label":"Net income","value":"Net income of $14.8 million compared to net income of $6.8 million"},{"label":"EPS","value":"Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2680d773a6f5f0d61e3f8a052e1029d5a002e76b","claim":"CPI AEROSTRUCTURES INC reported Full Year 2023 vs. Full Year 2022 results: revenue Revenue of $86.5 million compared to $83.3 million, net income Net income of $17.2 million compared to $9.2 million, EPS Earnings per share of $1.40 ($0.28 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of.","evidence_excerpt":"Full Year 2023 vs. Full Year 2022 ● Revenue of $86.5 million compared to $83.3 million; ● Gross profit of $17.1 million compared to $16.3 million; ● Gross margin of 19.7% compared to 19.6%; ● Net income of $17.2 million compared to $9.2 million; ● Earnings per share of $1.40 ($0.28 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.12) compared to $0.74 ($0.28 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $0.52 less the first quarter of 2022 severance accrual of $0.06); ● Cash flow from operations of $3.9 million compared to $0.9 million;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/0001999371-24-004539-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023 vs. Full Year 2022"},{"label":"Revenue","value":"Revenue of $86.5 million compared to $83.3 million"},{"label":"Net income","value":"Net income of $17.2 million compared to $9.2 million"},{"label":"EPS","value":"Earnings per share of $1.40 ($0.28 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}