CPI Aerostructures GAAP EPS of $1.20, revenue of $23.5M

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CPI Aerostructures press launch (NYSE:CVU): This autumn GAAP EPS of $1.20. Income of $23.5M (-2.5% Y/Y). Money move from operations of $3.1 million in comparison with $0.1 million. Debt as of December 31, 2023 of $20.1 million in comparison with $22.8 million as of December 31, 2022. “We ended the yr with a powerful backlog …

CPI Aerostructures press launch (NYSE:CVU): This autumn GAAP EPS of $1.20.
Income of $23.5M (-2.5% Y/Y).
Money move from operations of $3.1 million in comparison with $0.1 million.
Debt as of December 31, 2023 of $20.1 million in comparison with $22.8 million as of December 31, 2022.
“We ended the yr with a powerful backlog of $513.4 million, which incorporates a number of thrilling new applications offering us a possibility for continued development in 2024. We stay assured in CPI Aero’s long-term outlook and sit up for the a number of alternatives forward as we proceed to construct on our constructive relationships with our prospects,” mentioned Dorith Hakim, President and CEO.