CPI Aerostructures (CVU) Tops Q4 EPS by 4c
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CPI Aerostructures Announces Fourth Quarter and Full Year 2018 Financial Results
March 13, 2019 6:30 AM EDTEDGEWOOD, N.Y., March 13, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero®) (NYSE American: CVU) today announced financial results for the fourth quarter and year ended December 31, 2018.Â
Note: On October 19, 2018, the Company closed on an underwritten public offering of 3,120,000 shares including over-allotments.
4Q 2018 vs. 4Q 2017
Revenue was $26.5 million compared to $23.8 million;Â Gross profit was $5.8 million compared to $5.5 million;Gross margin was 21.8% compared to 23.1%;Pre-tax income was $2.9 million compared to $2.8 million;Income tax of $3.7 million, which includes a $3.1 million... More