Source-grounded facts extracted from CPI AEROSTRUCTURES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
CPI AEROSTRUCTURES INC reported first quarter ended March 31, 2026 results: revenue $17.4 million, net income $1.2 million, EPS $0.10.
“DATED MAY 18, 2026 CPI AEROSTRUCTURES, INC. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FIRST QUARTER 2026 RESULTS First Quarter 2026 vs. First Quarter 2025 · Revenue of $17.4 million compared to $15.4 million; · Gross profit of $4.5 million compared to $1.6 million; · Gross profit margin of 25.8% compared to 10.7% (21.6% excluding A-10 Program impact); · Net”
CPI AEROSTRUCTURES INC reported financial results for the quarter and year ended December 31, 2025.
“On March 31, 2026 CPI Aerostructures, Inc. (the “Company”) issued a press release announcing financial results for the quarter and year ended December 31, 2025.”
CPI AEROSTRUCTURES INC terminated Amended and Restated Credit Agreement with BankUnited, N.A. valued at Repaid in full and terminated (effective 2025-12-12).
“On December 12, 2025, in connection with entering into the Loan Agreement and the Credit Facilities described in Item 1.01 of this Current Report on Form 8-K, the Company repaid in full all outstanding obligations under that certain Amended and Restated Credit Agreement, dated as of March 24, 2016, as amended, among the Company, the several lenders from time to time parties thereto and BankUnited, N.A., as sole arranger, administrative agent and collateral agent (the “ BankUnited Credit Agreement ”).”
CPI AEROSTRUCTURES INC entered into Loan and Security Agreement with Western Alliance Bank valued at $10,000,000 revolving line of credit and $10,000,000 term loan (effective 2025-12-12).
“On December 12, 2025, CPI Aerostructures, Inc. (the “ Company ”) entered into a Loan and Security Agreement (the “ Loan Agreement ”) with Western Alliance Bank (the “ Bank ”).”
CPI AEROSTRUCTURES INC engaged CBIZ CPAs, P.C. as its auditor.
“On April 24, 2025, the Audit and Finance Committee of the Company’s Board of Directors approved the engagement of CBIZ CPAs as the Company's new independent registered public accounting firm for the fiscal year ending December 31, 2025.”
Marcum LLP resigned as auditor of CPI AEROSTRUCTURES INC.
“☐ Item 4.01 Changes in Registrant’s Certifying Accountant (a) Resignation of Independent Registered Public Accounting Firm On April 24, 2025, Marcum LLP (“Marcum”) notified CPI Aerostructures, Inc. (the “Company”) that it was resigning as the Company’s independent registered public accounting firm, effective”
CPI AEROSTRUCTURES INC: Amended the Code of Ethics and Business Conduct to expand conflict of interest guidelines, enhance fair dealing, confidentiality, and asset protection sections, and include administrative adjustments (effective 2024-11-12).
“the Board of Directors approved certain amendments to the Code, effective as of November 12, 2024.”
Philip Passarello was appointed as Chief Financial Officer and Secretary at CPI AEROSTRUCTURES INC.
“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.”
CPI AEROSTRUCTURES INC reported the quarter ended March 31, 2024 results: revenue $19.1 million, net income $0.2 million, EPS $0.01.
“DATED MAY 15, 2024. CPI AEROSTRUCTURES, INC. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FIRST QUARTER 2024 RESULTS First Quarter 2024 vs. First Quarter 2023 · Revenue of $19.1 million compared to $22.0 million; · Gross profit of $3.6 million compared to $4.7 million; · Gross profit margin of 18.6% compared to 21.2%; · Net income of $0.2 million compared to”
CPI AEROSTRUCTURES INC reported Full Year 2023 vs. Full Year 2022 results: revenue Revenue of $86.5 million compared to $83.3 million, net income Net income of $17.2 million compared to $9.2 million, EPS Earnings per share of $1.40 ($0.28 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of.
“Full Year 2023 vs. Full Year 2022 ● Revenue of $86.5 million compared to $83.3 million; ● Gross profit of $17.1 million compared to $16.3 million; ● Gross margin of 19.7% compared to 19.6%; ● Net income of $17.2 million compared to $9.2 million; ● Earnings per share of $1.40 ($0.28 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.12) compared to $0.74 ($0.28 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $0.52 less the first quarter of 2022 severance accrual of $0.06); ● Cash flow from operations of $3.9 million compared to $0.9 million;”
CPI AEROSTRUCTURES INC reported Fourth Quarter 2023 vs. Fourth Quarter 2022 results: revenue Revenue of $23.5 million compared to $24.1 million, net income Net income of $14.8 million compared to net income of $6.8 million, EPS Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of.
“CPI AEROSTRUCTURES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth Quarter 2023 vs. Fourth Quarter 2022 ● Revenue of $23.5 million compared to $24.1 million; ● Gross profit of $4.1 million compared to $3.9 million; ● Gross margin of 17.4% compared to 16.1%; ● Net income of $14.8 million compared to net income of $6.8 million; ● Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.11) compared to earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $0.52); ● Cash flow from operations of $3.1 million compared to $0.1 million.”
CPI AEROSTRUCTURES INC reported that prior financial statements should not be relied upon.
“On April 3, 2024, the audit and finance committee (the “Audit and Finance Committee”) of the board of directors of CPI Aerostructures, Inc. (the “Company”), determined, based on the recommendation of management, that the Company’s financial statements which were included in its Annual Report on Form 10-K for the year ended December 31, 2022 as filed with the Securities and Exchange Commission (the “SEC”) should no longer be relied upon due to errors within Note 11 “Income Taxes””
CPI AEROSTRUCTURES INC amended Thirteenth Amendment with BankUnited, N.A. as Sole Arranger, Agent and a Lender (effective 2024-02-20).
“On February 20, 2024, CPI Aerostructures, Inc. (the "Company") entered into a Thirteenth Amendment (the "Thirteenth Amendment") to that certain Amended and Restated Credit Agreement with the lenders named therein and BankUnited, N.A. as Sole Arranger, Agent and a Lender, dated as of March 24, 2016 (as amended from time to time, the "Credit Agreement").”
CPI AEROSTRUCTURES INC reported the quarter ended September 30, 2023 results: revenue $20.4 million, net income $0.3 million, EPS $0.02.
“2 ex99-1.htm PRESS RELEASE CPI AERO 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS THIRD QUARTER AND NINE MONTH 2023 RESULTS Third Quarter 2023 vs. Third Quarter 2022 ● Revenue of $20.4 million compared to $20.2 million; ● Gross profit of $3.7 million compared to $5.3 million; ● Gross margin of 18.2% compared to 26.4%; ● Net income of $0.3 million compared to $1.9”
Pamela Levesque was appointed as Class II director at CPI AEROSTRUCTURES INC.
“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.”
CPI AEROSTRUCTURES INC reported the quarter ended June 30, 2023 results: revenue $20.5 million, net income $1.2 million, EPS $0.09.
“CPI AEROSTRUCTURES REPORTS SECOND QUARTER AND SIX MONTH 2023 RESULTS Second Quarter 2023 vs. Second Quarter 2022 · Revenue of $20.5 million compared to $18.9 million; · Gross profit of $4.6 million compared to $3.7 million; · Gross margin of 22.4% compared to 19.3%; · Net income of $1.2 million compared to $0.5 million; · Earnings per diluted share of $0.09 compared to $0.04; · Cash flow from operations of $0.0 million compared to $0.3 million.”
CPI AEROSTRUCTURES INC shareholders approved Ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-14 meeting.
“Proposal No. 4 – Ratification of the appointment of RSM US LLP. Ratification of the appointment of RSM US LLP was approved, as follows: For Against Abstain 9,936,784 96,293 5,464”
CPI AEROSTRUCTURES INC shareholders approved Approval, on an advisory basis, of the compensation of the Company's named executive officers at the 2023-06-14 meeting.
“Proposal No. 3 – Approval, on an advisory basis, of the compensation of Named Executive Officers. The compensation of the Company's Named Executive Officers was approved, on an advisory basis, as follows: For Against Abstain Broker Non-Vote 5,124,414 868,129 715,757 3,330,241”
CPI AEROSTRUCTURES INC shareholders approved Approval of amendments to the Company's 2016 Long-Term Incentive Plan (the "2016 Plan") to (i) increase the total number of shares of common stock available for issuance under the 2016 Plan by 800,000 shares, from 1,400,000 shares to 2,200,000 shares and (ii) increase the aggregate number of shares at the 2023-06-14 meeting.
“Proposal No. 2 – Approval of amendments to the 2016 Plan to (i) increase the total number of shares of common stock available for issuance under the 2016 Plan by 800,000 shares, from 1,400,000 shares to 2,200,000 shares and (ii) increase the aggregate number of shares of common stock grantable to a 2016 Plan participant in a calendar year under certain awards from 50,000 shares to 125,000 shares. Amendment of the 2016 Plan was approved, as follows: For Against Abstain Broker Non-Vote 5,846,248 842,402 19,650 3,330,241”
CPI AEROSTRUCTURES INC shareholders approved Election of Class I directors at the 2023-06-14 meeting.
“Proposal No. 1 – Election of Class I directors. The election of each director nominee was approved as follows: Name For Authority Withheld Broker Non-Vote Richard Caswell 5,895,880 812,420 3,330,241 Terry Stinson 6,084,020 624,280 3,330,241”
Richard C. Rosenjack, Jr. was appointed as Director at CPI AEROSTRUCTURES INC.
“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.”
CPI AEROSTRUCTURES INC reported first quarter 2023 results: revenue $22.0 million, net income $1.0 million, EPS $0.08.
“· Revenue of $22.0 million compared to $20.1 million; · Gross profit of $4.7 million compared to $3.4 million; · Gross profit margin of 21.2% compared to 17.1%; · Net income of $1.0 million compared to net loss of $(32,931) (excluding a first quarter 2022 $0.8 million severance accrual, the first quarter of 2022 would have been net income of $0.8 million); · Earnings per share of $0.08 compared to loss per share of $(0.00) (excluding a first quarter of 2022 $0.06 per share severance accrual, the first quarter of 2022 would have been $0.06 per share);”
CPI AEROSTRUCTURES INC reported three and twelve month periods ended December 31, 2022 results: revenue Revenue of $24.1 million compared to $26.4 million;, net income Net income of $6.8 million ($0.3 million excluding the fourth quarter 2022 deferred tax asset valuation allowance reduct, EPS Earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of.
“RELEASE CPI AEROSTRUCTURES, INC. 8-K Exhibit 99.1 CPI AEROSTRUCTURES REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS Fourth Quarter 2022 vs. Fourth Quarter 2021 · Revenue of $24.1 million compared to $26.4 million; · Gross profit of $3.9 million compared to $2.8 million; · Gross margin of 16.1% compared to 10.8%; · Net income of $6.8 million ($0.3 million”
CPI AEROSTRUCTURES INC reported financial results for the quarter and year ended December 31, 2022.
“CPI Aerostructures, Inc. issued a press release announcing financial results for the quarter and year ended December 31, 2022.”
CPI AEROSTRUCTURES INC amended Twelfth Amendment with BankUnited, N.A. (effective 2023-03-23).
“On March 23, 2023, CPI Aerostructures, Inc. (the “Company”) entered into a Twelfth Amendment (the “Twelfth Amendment”) to that certain Amended and Restated Credit Agreement with the lenders named therein and BankUnited, N.A. (“BankUnited”) as Sole Arranger, Agent and a Lender, dated as of March 24, 2016 (as amended from time to time, the “Credit Agreement”).”
Eric Rosenfeld departed as Class II director at CPI AEROSTRUCTURES INC.
“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.”
Walter Paulick resigned as Class II director at CPI AEROSTRUCTURES INC.
“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.”
CPI AEROSTRUCTURES INC shareholders approved Ratification of the appointment of RSM US LLP at the 2022-12-13 meeting.
“Proposal No. 3 – Ratification of the appointment of RSM US LLP. The ratification of the appointment of RSM US LLP was approved, as follows: For Against Abstain 8,800,932 102,582 48,970”
CPI AEROSTRUCTURES INC shareholders approved Approval, on an advisory basis, of the compensation of Named Executive Officers at the 2022-12-13 meeting.
“Proposal No. 2 – Approval, on an advisory basis, of the compensation of Named Executive Officers. The compensation of the Company’s Named Executive Officers, was approved, on an advisory basis, as follows: For Against Abstain Broker Non-Votes 3,914,379 730,107 1,360,205 2,947,793”
CPI AEROSTRUCTURES INC shareholders approved Election of Class III directors at the 2022-12-13 meeting.
“Proposal No. 1 – Election of directors. The election of each director nominee was approved, as follows: Name For Authority Withheld Broker Non-Votes Carey Bond 4,159,783 1,844,908 2,947,793 Michael Faber 3,944,679 2,060,012 2,947,793 Dorith Hakim 5,892,606 112,085 2,947,793”
CPI AEROSTRUCTURES INC reported Nine Months 2022 results: revenue $59.3 million, net income $2.3 million, EPS $0.19 per diluted share.
“Nine Months 2022 vs. Nine Months 2021 ● Revenue of $59.3 million compared to $77.0 million; ● Gross profit of $12.4 million compared to $12.2 million; ● Gross margin of 21.0% compared to 15.8%; ● Net income of $2.3 million ($3.1 million excluding the first quarter severance accrual of $0.8 million) compared to $7.3 million ($2.5 million excluding $4.8 million in PPP loan forgiveness); ● Earnings per diluted share of $0.19 ($0.25 excluding the first quarter severance accrual of $0.06) compared to $0.60 ($0.21 excluding $0.39 in PPP loan forgiveness); ● Cash flow from operations of $0.8 million compared to a use of $(1.3) million; ● Debt as of September 30, 2022 of $23.7 million c ompared to $27.1 million as of September 30, 2021.”
CPI AEROSTRUCTURES INC reported Third Quarter 2022 results: revenue $20.2 million, net income $1.9 million, EPS $0.15 per diluted share.
“Third Quarter 2022 vs. Third Quarter 2021 ● Revenue of $20.2 million compared to $23.9 million; ● Gross profit of $5.3 million compared to $3.7 million; ● Gross margin of 26.4% compared to 15.3%; ● Net income of $1.9 million compared to $5.4 million ($0.6 million excluding $4.8 million in PPP loan forgiveness); ● Earnings per diluted share of $0.15 compared to $0.44 ($0.05 excluding $0.39 in PPP loan forgiveness); ● Cash flow from operations of $2.9 million compared to $1.2 million.”
CPI AEROSTRUCTURES INC amended Eleventh Amendment with BankUnited, N.A. (effective 2022-11-10).
“On November 10, 2022, CPI Aerostructures, Inc. (the “Company”) entered into an Eleventh Amendment (the “Eleventh Amendment”) to that certain Amended and Restated Credit Agreement with the lenders named therein and BankUnited, N.A. (“BankUnited”) as Sole Arranger, Agent and a Lender, dated as of March 24, 2016 (as amended from time to time, the “Credit Agreement”).”
Kenneth Hauser departed as Senior Vice President of Operations at CPI AEROSTRUCTURES INC.
“On October 10, 2022, Kenneth Hauser, Senior Vice President of Operations, informed the registrant he will be leaving the company on October 20, 2022.”
Dorith Hakim was appointed as Chief Executive Officer and President and director at CPI AEROSTRUCTURES INC.
“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.”
Thomas Powers departed as Acting Chief Financial Officer at CPI AEROSTRUCTURES INC.
“Mr. Davis replaces Thomas Powers who has been serving as Acting Chief Financial Officer since February 2020.”
Andrew L. Davis was appointed as Chief Financial Officer at CPI AEROSTRUCTURES INC.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.