Highest-materiality recent filing
CPI Aerostructures Q2 2026: revenue up 16% to $17.6M, net income $0.7M vs loss
Q2 revenue $17.6M vs $15.2M; net income $0.7M vs $(1.3)M loss; EPS $0.05 vs $(0.10).
CPI Aerostructures raises CEO and CFO annual base salaries
CEO Dorith Hakim salary increased from $405,000 to $425,000, effective May 1, 2026.
CPI Aerostructures Q1 2026 revenue $17.4M, net income $1.2M vs loss of $1.3M prior year
Revenue $17.4M (+13% YoY); gross profit $4.5M (25.8% margin vs 10.7%)
CPI Aero Q4 net income $0.7M, FY2025 net loss $0.8M on A-10 termination
Q4 revenue $19.4M (down 11% YoY), net income $0.7M ($0.05 EPS) vs $1.0M ($0.08 EPS) prior year.
CPI Aerostructures enters $20M credit facilities with Western Alliance, repays BankUnited
New $10M revolving line and $10M term loan from Western Alliance Bank, maturing Dec 12, 2030.
CPI Aerostructures appoints Robert Mannix as CFO and Secretary effective Dec 8, 2025
Robert Mannix named CFO and Secretary; succeeds interim CFO Pamela Levesque.
CPI Aerostructures Q3 net income up 49% to $1.1M; debt at all-time low
Q3 revenue $19.3M (flat YoY); gross margin improved to 22.3% from 21.7%.
CPI Aero issues statement on unusual trading activity; no material undisclosed developments
Responding to NYSE American request after unusual trading in CVU common stock on Oct. 30, 2025.
CPI Aerostructures Q2 2025 revenue $15.2M, net loss $1.3M, A-10 write-off $2.3M
Revenue $15.2M vs $20.8M YoY; net loss $1.3M vs profit $1.4M; EPS loss $0.10 vs $0.11 profit.
CPI Aerostructures appoints Pamela Levesque as interim CFO; Philip Passarello resigns
Philip Passarello resigned as CFO/Secretary July 22, 2025; remains VP of Finance for transition.
Shareholders approved 2025 Long-Term Incentive Plan authorizing up to 800,000 shares of common stock for equity awards.
CPI Aero Q1 net loss $1.3M after $2.1M A-10 program charge; revenue falls to $15.4M
Revenue $15.4M vs $19.1M in Q1 2024; net loss of $1.3M vs net income of $0.2M.
CPI Aerostructures raises CEO base salary to $405,000 effective May 1, 2025
CEO Dorith Hakim's base salary increased 4.9% to $405,000.
CPI Aerostructures replaces auditor Marcum with CBIZ CPAs after Marcum's attest-asset sale
Marcum LLP resigned April 24, 2025, effective immediately, due to CBIZ CPAs acquiring Marcum's attest business.
CPI Aerostructures extends headquarters lease to April 30, 2031 with escalating rent
Monthly base rent ranges from $181,782 (May 2026-Apr 2027) to $204,597 (May 2030-Apr 2031).
CPI Aero Q4 revenue $21.8M, adj net income up 22% YoY; FY backlog $510M
Q4 revenue $21.8M (down 7% YoY); gross margin improved to 20.0% from 17.4%.
CPI Aerostructures amends Code of Ethics and Business Conduct effective Nov 12, 2024
Expanded conflict of interest guidelines; directors and executive officers must seek Audit and Finance Committee authorizations.
CPI Aerostructures Q3 net income up 149% to $0.7M; gross margin 21.7%
Revenue $19.4M (down 5% YoY); gross profit $4.2M; net income $0.7M ($0.06 EPS) vs $0.3M ($0.02 EPS).
CPI Aerostructures extends credit revolver to Aug 2026; reduces interest margin to 2.0%
Maturity extended to August 31, 2026; Base Rate Margin reduced to 2.0% from 3.50%.
CPI Aerostructures appoints Philip Passarello as CFO, replacing Andrew Davis
Philip Passarello appointed CFO effective August 20, 2024; succeeds Andrew Davis.
Philip Passarello, 45, appointed CFO and Secretary effective August 19, 2024; replaces Andrew Davis whose employment was terminated without cause.
CPI Aerostructures Q2 net income up 21.9% to $1.4M, EPS $0.11, adjusted EBITDA $2.6M
Q2 revenue $20.8M (flat YoY), gross margin 24.6% (+220 bps), net income $1.4M (+21.9%).
Settlement with SEC via cease-and-desist order; company neither admits nor denies findings.
CPI Aerostructures increases CEO base salary 4.8% to $385,000
CEO Dorith Hakim annual base salary raised 4.8% to $385,000, effective May 1, 2024.
Pamela Levesque re-elected as Class II director: 7,132,758 for, 327,822 withheld.
CPI Aerostructures dismisses RSM US LLP, appoints Marcum LLP as auditor
Audit committee dismissed RSM US LLP and engaged Marcum LLP effective June 17, 2024.
CPI Aero Q1 2024 revenue $19.1M, down 13% YoY; net income $0.2M, EPS $0.01
Revenue $19.1M, down from $22.0M in Q1 2023, driven by completion of NGJ Mid Band Pod LRIP 2 deliveries.
Q4 revenue $23.5M vs $24.1M; net income $14.8M ($1.20 EPS) includes $13.8M tax benefit.
CPI Aerostructures restates 2022 deferred tax balances; files late 10-K notice
Deferred tax asset and liability each overstated by $2.6M due to inadequate review of temporary differences.
CPI Aerostructures extends credit line to Aug 2025 with step-down max to $15.48M
Revolving credit maturity extended to August 31, 2025, from prior date.
CPI Aero Q3 net income falls to $0.3M from $1.9M; gross margin drops to 18.2%
Q3 revenue $20.4M (flat YoY); net income $0.3M vs $1.9M; diluted EPS $0.02 vs $0.15.
CPI Aerostructures appoints Pamela Levesque to board, effective Oct 23, 2023
Pamela Levesque appointed to Class II director vacancy effective October 23, 2023.
CPI Aerostructures Q2 2023 revenue $20.5M (+8.6% YoY); net income $1.2M EPS $0.09
Q2 revenue $20.5M vs $18.9M; gross margin 22.4% vs 19.3%.
CPI Aerostructures appoints new director, shareholders approve incentive plan amendment
Richard C. Rosenjack Jr. appointed to fill Class II director vacancy, effective June 14, 2023.
CPI Aerostructures swings to net income of $1.0M in Q1 2023; revenue up 9.5% to $22.0M
Revenue $22.0M (+9.5% YoY); gross margin improved to 21.2% from 17.1%.
CPI Aero Q4 net income $6.8M vs loss; FY revenue down to $83.3M, gross margin up to 19.6%
Q4 2022 revenue $24.1M (-9% YoY); net income $6.8M (incl $6.5M deferred tax benefit) vs net loss $0.5M.
CPI Aerostructures amends credit agreement; maturity extended to Nov 30, 2024
Amended credit agreement with BankUnited and Dime Community Bank extends revolving and term loan maturity to November 30, 2024.
CPI Aerostructures gets preliminary approval of derivative settlement requiring governance reforms
Court granted preliminary approval on March 6, 2023; final approval hearing set for June 7, 2023.
Director Eric Rosenfeld retires from CPI Aerostructures board effective Feb 21, 2023
Eric Rosenfeld retired as Class II director and resigned from the board effective February 21, 2023.
CPI Aerostructures director Walter Paulick resigns effective Jan 31, 2023
Walter Paulick, a Class II director, resigned from the board on January 31, 2023.
CPI Aerostructures shareholders elect all three director nominees at annual meeting
Carey Bond, Michael Faber, and Dorith Hakim elected as Class III directors, each with majority votes; broker non-votes of 2,947,793.
CPI Aero Q3 revenue falls to $20.2M but gross margin expands to 26.4%; net income $1.9M
Revenue of $20.2M, down from $23.9M YoY; gross profit margin rose to 26.4% from 15.3%.
CPI Aerostructures extends credit facility maturity to Nov 2023, reduces interest rate
Maturity of revolving line and term loan extended to November 30, 2023.
CPI Aerostructures raises CEO base salary 5% to $367,500
CEO Dorith Hakim's annual base salary increased by 5% to $367,500.
CPI Aerostructures SVP of Operations Kenneth Hauser to depart Oct. 20, 2022
Kenneth Hauser, Senior Vice President of Operations, notified the company he will leave on October 20, 2022.
Q2 revenue $18.9M vs $22.3M YoY; net income $0.5M ($0.04 diluted EPS).
NYSE American terminated its delisting proceeding for CPI Aero's common stock on September 30, 2022.
CPI Aero Q1 revenue $20.1M (-35% YoY); net loss $33K; backlog $504.3M
Revenue $20.1M vs $30.8M YoY; gross profit margin 17.1% (+110 bps).
Maximum leverage ratio for Q3 2022 raised to 5.0:1.0; Q4 2022 onward set at 4.0:1.0.
CPI Aero reports FY'21 revenue up 18% to $103.4M, net income of $6.8M; backlog $501.7M
FY 2021 revenue $103.4M (+18% YoY); gross margin improved to 14.5% from 11.1%.
Effective August 19, 2024, Philip Passarello, 45, was appointed by the board of directors of CPI Aerostructures, Inc. (the “Company) to the positions of Chief Financial Officer and Secretary.
On and effective October 23, 2023, the board of directors (the "Board") of CPI Aerostructures, Inc. (the "Company") appointed Pamela Levesque to fill a Class II director vacancy on the Board and to serve on the Audit and Finance Committee of the Board.
On and effective June 14, 2023, the board of directors (the “Board”) of CPI Aerostructures, Inc. (the “Company”) appointed Richard C. Rosenjack, Jr. to fill a Class II director vacancy on the Board and to serve on the Nominating and Corporate Governance Committee of the Board.
On and effective February 21, 2023, Eric Rosenfeld notified CPI Aerostructures, Inc. (the “Company”), that he was retiring from his position as a Class II director and resigned from the Company’s board of directors.
On and effective January 31, 2023, Walter Paulick, a Class II director and a member of the audit and finance, nominating and corporate governance, and oversight committees of the board of directors of CPI Aerostructures, Inc. (the “Company”), resigned from the Company’s board of directors.
On October 10, 2022, Kenneth Hauser, Senior Vice President of Operations, informed the registrant he will be leaving the company on October 20, 2022.
Effective March 9, 2022, Dorith Hakim, 57, was appointed by the board of directors of the Company to the positions of Chief Executive Officer and President and as a director.
Mr. Davis replaces Thomas Powers who has been serving as Acting Chief Financial Officer since February 2020.
On October 22, 2021, Andrew L. Davis, 54, was appointed by the board of directors of CPI Aerostructures, Inc. (the “Company”) to the positions of Chief Financial Officer, Principal Accounting Officer and Secretary of the Company.
Max materiality 0.80 · Median 0.60 · Most common event earnings