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Stock impact report

CPI Aerostructures Reports Third Quarter and Nine Month 2024 Results

CPI Aerostructures, Inc. (CVU) 
NASDAQ:AMEX Investor Relations: cpiaero.com
Company Research Source: GlobeNewswire
Third Quarter 2024 vs. Third Quarter 2023 Revenue of $19.4 million compared to $20.4 million;Gross profit of $4.2 million compared to $3.7 million;Gross margin of 21.7% compared to 18.2%;Net income of $0.7 million compared to $0.3 million;Earnings per diluted share of $0.06 compared to $0.02;Adjusted EBITDA (1) of $1.7 million compared to $1.4 million;Cash flow provided by operating activities of $0.7 million compared to $0.0 million. Nine Months 2024 vs. Nine Months 2023 Revenue of $59.3 million compared to $63.0 million;Gross profit of $12.9 million compared to $13.0 million;Gross margin of 21.7% compared to 20.6%;Net income of $2.3 million compared to $2.4 million;Earnings per diluted share of $0.18 compared to $0.19;Adjusted EBITDA (1) of $5.5 million compared to $5.8 million;Cash flow used in operations of $(0.8) million compared to $0.8 million generated by operations;Debt as of September 30, 2024 of $18.2 million compared to $20.9 million at Sep Show less Read more
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