Fourth Quarter 2024 vs. Fourth Quarter 2023  Revenue of $21.8 million compared to $23.5 million;Gross profit of $4.3 million compared to $4.1 million;Gross margin of 20.0% compared to 17.4%;Net income of $1.0 million ($1.4 million excluding deferred tax asset valuation impact) compared to net income of $14.8 million ($0.6 million excluding deferred tax asset valuation impact);Earnings per share of $0.08 ($0.11 excluding deferred tax asset valuation impact) compared to earnings per share of $1.20 ($0.05 excluding deferred tax asset valuation impact);Adjusted EBITDA(1) of $2.3 million compared to $1.8 million;Cash flow from operations of $4.4 million compared to $3.1 million. Full Year 2024

EDGEWOOD, N.Y., Feb. 03, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received several funded orders totaling $7 million for overhaul and repair of the outboard stabilator assemblies in support of the Sikorsky MH-60 SEAHAWK helicopter. These funded orders were issued against a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract from Sikorsky. "Repair and overhaul services are a core capability at CPI Aero, leveraging our expertise in airframe structural assembly and integration, supply chain management, and manufacturing engineering. This program, along with others underway at CPI Aero

EDGEWOOD, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced that it has received several contracts totaling $4.3 Million for gunner window assemblies for the UH-60M Black Hawk® helicopter as part of a previously announced five-year, indefinite delivery indefinite quantity (IDIQ) contract. "CPI Aero has delivered over 6,000 of these gunner window assemblies to Sikorsky since 2010, demonstrating our continuous commitment to quality and customer satisfaction. CPI Aero is proud of the work we do on this critical program in support of the Black Hawk helicopter fleet," stated Dorith Hakim, President and CEO of CPI Aero.

4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)

4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)

4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)

4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)

4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)

4 - CPI AEROSTRUCTURES INC (0000889348) (Issuer)

8-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)

10-K - CPI AEROSTRUCTURES INC (0000889348) (Filer)

SCHEDULE 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)

EDGEWOOD, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU), a leading manufacturer of structural assemblies in both the commercial and military defense aerospace markets, announced today that it has appointed Aerospace industry executive Carey Bond as Chairman of its Board of Directors effective immediately. Mr. Bond succeeds Terry Stinson, who has stepped down from the role in a planned succession after 6 years of service and after leading CPI through some of the most complex times in our industry. Mr. Stinson will remain on CPI Aero's Board of Directors as Vice-Chairman and will continue to share his strategic insights and govern

EDGEWOOD, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has appointed Philip Passarello to the position of Chief Financial Officer.   Mr. Passarello has extensive experience in all aspects of financial functions including accounting, financial reporting, audit and compliance, treasury, and financial planning and analysis. His career spans more than 20 years in financial management, government compliance, strategic forecasting and systems implementation. Prior to joining CPI Aero, Mr. Passarello served as Vice President of Finance for TTM Technologies, a Printed Circuit Board and Aerospace and

EDGEWOOD, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has appointed Ross Johnson to the position of Vice President, Program Management. Mr. Johnson, 63, has extensive experience in program management, business development, marketing & sales, contracts, engineering technical support, customer support and aircraft operations. Most recently, he served as Director, Program Management at Sikorsky Aircraft, Inc. responsible for aircraft deliveries, customer management, contract execution and leadership of the aircraft build integrated product teams. He was further promoted to Director, Business Development fo

EDGEWOOD, N.Y., Oct. 25, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) announced today that its 2021 Annual Meeting of Shareholders will be held on Wednesday, December 29, 2021 at 9:00 a.m. Eastern Time at the Company's offices located at 91 Heartland Blvd., Edgewood New York, 11717. The record date for the meeting is November 4, 2021. Proxy materials will be mailed to shareholders of record on or about November 19, 2021 and will be available on the Securities and Exchange Commission website at www.sec.gov and on the Company's website at www.cpiaero.com. About CPI Aero CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing ai

EDGEWOOD, N.Y., Dec. 28, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced it has reached an agreement (“Settlement Agreement”) to resolve its post-closing working capital adjustment dispute with Air Industries Group (“Air Industries”) (NYSE American: AIRI) in exchange for payment of the $1,381,000 remaining in escrow to CPI Aero. In December 2018, CPI Aero completed the acquisition of Welding Metallurgy, Inc. from Air Industries for a purchase price of $7.9 million subject to a potential post-closing working capital adjustment. Of the purchase price, $2 million was placed in escrow at closing. A dispute arose regarding the post-closing working

SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)

SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)

SC 13G/A - CPI AEROSTRUCTURES INC (0000889348) (Subject)