---
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"
generated_at: "2026-06-04T01:38:00.255557+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPI Aero Q4 net income $14.8M, EPS $1.20 (incl. $1.11 tax benefit); full-year revenue $86.5M, backlog $513.4M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-004539
- JSON: https://secwatch.observer/filing/0001999371-24-004539.json
- Plain text: https://secwatch.observer/filing/0001999371-24-004539.txt

## Key facts
- Earnings Releases
  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.
  - Period: Fourth Quarter 2023 vs. Fourth Quarter 2022
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/0001999371-24-004539-index.htm
- Earnings Releases
  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.
  - Period: Full Year 2023 vs. Full Year 2022
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/0001999371-24-004539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.