---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-014677"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:42:30.858629+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures Q3 net income up 149% to $0.7M; gross margin 21.7%

## Summary
- Revenue $19.4M (down 5% YoY); gross profit $4.2M; net income $0.7M ($0.06 EPS) vs $0.3M ($0.02 EPS).
- Gross margin 21.7% vs 18.2% (350 bps improvement) on improved product mix and efficiencies.
- Adjusted EBITDA $1.7M, up 15.6% from $1.4M; operating cash flow $0.7M vs $0.0M.
- Debt reduced to $18.2M from $20.9M; Debt-to-Adjusted EBITDA ratio 2.5, seventh consecutive quarter below 3.0.
- Received L3Harris award for Next Generation Jammer Low Band Pod; backlog $506M as of Sep 30, 2024.

## SEC filing metadata
- accession: 0001999371-24-014677
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000199937124014677/0001999371-24-014677-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000199937124014677/cvu-8k_111324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-014677
- JSON: https://secwatch.observer/filing/0001999371-24-014677.json
- Plain text: https://secwatch.observer/filing/0001999371-24-014677.txt

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