secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001999371-24-004539
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/0001999371-24-004539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000199937124004539/cvu-8k_040124.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-004539

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer