CPI Aerostructures (CVU) Tops Q1 EPS by 8c
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CPI Aerostructures Announces 2017 First Quarter Financial Results
May 9, 2017 7:00 AM EDTEDGEWOOD, NY -- (Marketwired) -- 05/09/17 -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE MKT: CVU) today announced financial results for the three month period ended March 31, 2017.
1Q 2017 vs. 1Q 2016
Revenue of $20.0 million compared to $12.7 million; Gross profit (loss) was $4.5 million compared to $(11.6) million; Pre-tax income (loss) was $2.0 million compared to $(14.6) million; Net income (loss) was $1.2 million compared to $(9.2) million; and Earnings (loss) per diluted share were $0.14 per diluted share compared to $(1.07) per diluted share. Total backlog at $400.8 million with multi-year defense contracts comprising 78%... More