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 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 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 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 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 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 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.
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 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 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 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 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.
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.
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