---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-010063"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:55:33.089269+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures Q2 net income up 21.9% to $1.4M, EPS $0.11, adjusted EBITDA $2.6M

## Summary
- Q2 revenue $20.8M (flat YoY), gross margin 24.6% (+220 bps), net income $1.4M (+21.9%).
- Adjusted EBITDA $2.6M (+25% YoY) but ops consumed $0.6M cash versus breakeven last year.
- Six-month revenue $39.9M (-6.3% YoY), net income $1.6M (-23.8%), EPS $0.12 vs $0.17.
- Debt reduced $2.4M YoY to $18.9M; Debt-to-Adjusted EBITDA ratio 2.7x, sixth quarter below 3.0.
- Backlog $512M at June 30; CEO cites uptick in RFQs and expects continued program wins.

## SEC filing metadata
- accession: 0001999371-24-010063
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000199937124010063/0001999371-24-010063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000199937124010063/cvu-8k_081324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-010063
- JSON: https://secwatch.observer/filing/0001999371-24-010063.json
- Plain text: https://secwatch.observer/filing/0001999371-24-010063.txt

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