Value20202021202220232024TTMSelling/general/admin expenses12.05 M11.82 M11.41 M10.76 M10.51 M10.32 MResearch & development——————Operating income48.02 K3.18 M4.89 M6.31 M6.73 M652.67 KNon-Operating Income, Total-1.42 M3.65 M-2.27 M———Interest expense, net of interest capitalized1.42 M1.14 M2.27 M2.46 M2.29 M1.66 MNon-Operating Income, excl. Interest Expenses-2.84 M-2.28 M-4.54 M———Unusual income/expense04.79 M0———Pretax income-1.37 M6.83 M2.62 M3.85 M4.44 M-999.27 KEquity in earnings——————Taxes-53.5 K14.61 K-6.55 M-13.35 M1.14 M-435.55 KNon-controlling/minority interest——————After tax other income/expense137.74 K—————Net income before discontinued operations-1.32 M6.82 M9.18 M17.2 M3.3 M-563.72 KDiscontinued operations——————Net income-1.32 M6.82 M9.18 M17.2 M3.3 M-563.72 KDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders-1.32 M6.82 M9.18 M17.2 M3.3 M-563.72 KBasic earnings per share (Basic EPS)-0.110.561.481.40.26-0.03Diluted earnings per share (Diluted EPS)-0.110.560.741.380.26-0.03Average basic shares outstanding11.88 M12.19 M12.39 M12.31 M12.59 M50.83 MDiluted shares outstanding11.88 M12.19 M12.39 M12.47 M12.71 M51 MEBITDA956 K4.09 M4.71 M6.03 M6.27 M1.13 MEBIT-76.98 K3.06 M4.02 M5.56 M5.84 M739.48 KCost of revenue75.49 M88.36 M67.03 M69.4 M63.84 M60.65 MOther cost of goods sold——————Depreciation & amortization (cash flow)1.03 M1.03 M688.1 K470.95 K430.01 K391.01 K
CPI Aerostructures Inc
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft component manufacturer based in Edgewood, New York.
CPI's primary customers are the US Department of Defense, and also operating as a subcontractor under Boeing and Northrop Grumman.
CPI is traded on NYSE American as CVU. The company has approximately 280 employees and hires temporary employees as needed. The CEO is Douglas J. McCrosson.
After Vincent Palazzolo resigned in November 2019 in a cloud of financial problems, Dan Azmon was announced as CFO on November 19, 2019. Azmon resigned in February 2020 and the company announced it would restate its books going back to March 2018.
In 2018, CPI Aero reported $83.9 million in gross revenue, $18.1 million in gross profit, and net income of $2.2 million. Approximately half that was in government subcontracts, another 40% in commercial contracts, and the remainder under prime government contracts.