secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001999371-25-003535
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI Aero Q4 revenue $21.8M, adj net income up 22% YoY; FY backlog $510M
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- Q4 revenue $21.8M (down 7% YoY); gross margin improved to 20.0% from 17.4%.
- Adjusted net income $1.4M ($0.11 EPS) vs $0.6M ($0.05 EPS) in Q4 2023.
- Full-year 2024 revenue $81.1M; adjusted net income $3.7M, up 22% from $3.0M.
- Debt reduced to $17.4M from $20.1M; Debt/Adjusted EBITDA ratio 2.2x.
- Backlog $510M with new program awards from L3Harris, Raytheon, Embraer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000199937125003535/0001999371-25-003535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000199937125003535/cvu-8k_033125.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-003535

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