CPI AEROSTRUCTURES INC (CVU) Form 8-K — May 18, 2026
CPI Aerostructures (CVU) reported a strong first-quarter 2026 turnaround, posting net income of $1.2 million compared to a net loss of $1.3 million in the prior-year period. Revenue rose 12.7% year-over-year to $17.4 million, while gross profit margin expanded significantly from 10.7% to 25.8%, driven by favorable product mix and operational efficiencies. The company highlighted a robust backlog of $495 million, supported by recent contract awards and preparation for production on previously announced missile work.
Key figures
- Eps
- 0.1
- Revenue
- 17359940
- Net Income
- 1236718
- Debt Amount
- 0
- Revenue Yoy
- 12.7%
- Total Assets
- 77305314
- Cash Position
- 1002548
- Interest Rate
- 0
- Gross Proceeds
- 0
- Shares Outstanding
- 13189061
- Backlog
- 495000000
- Gross Margin
- 25.8%
- Gross Profit
- 4479891
- Adjusted Ebitda
- 2104644
Price after filing
Close on the filing date to close N calendar days later (from $4.20). Historical, not a forecast.
AI analysis
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