Financial Results in Focus: CPI Aerostructures Inc. (NYSE: CVU)

Jerome Brooks

I am Jerome Brooks and I focus on breaking news stories and ensuring we (“Tribune Updates”) offer timely reporting on some of the most recent stories released through market wires about “Industrial Goods” sector.

I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Tribune Updates specializing in quicker moving active shares with a short term view on investment opportunities and trends.

Address: 1461 Gore Street Houston, TX 77092, USA
Phone: (+1) 81 713-586-3713
Email: Jeromebrooks@tribuneupdates.com
Jerome Brooks

EDGEWOOD, N.Y., November 13, 2019 – Shares of CPI Aerostructures Inc. (NYSE: CVU) showed no change to $7.48. The stock grabbed the investor’s attention and traded 9.868K shares as compared to its average daily volume of 30.51K shares. The stock’s institutional ownership stands at 57.00%.

CPI Aerostructures, Inc. (NYSE American: CVU) reported revenue of $23.20M compared to $20.30M. Gross profit of $5.00M compared to $4.60M. Gross margin was 21.4% compared to 22.6%. Pre-tax income of $1.70M compared to $1.60M.

Net income of $2.70M compared to $1.30M, including a tax benefit of approximately $1.00M due to the reversal of a portion of the approximately $3.10M liability that was recorded at December 31, 2018 for an uncertain tax position related to a federal income tax audit. Total backlog at $447.60M with multi-year defense contracts comprising 86%. Cash flow from operations was $1.10M compared to $1.00M.

CVU has a market value of $85.05M while its EPS was booked as $0.36 in the last 12 months. The stock has 11.37M shares outstanding. In the profitability analysis, the company has gross profit margin of 21.10% while net profit margin was 2.80%. Beta value of the company was 0.24; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.00.

Jerome Brooks

Jerome Brooks

I am Jerome Brooks and I focus on breaking news stories and ensuring we (“Tribune Updates”) offer timely reporting on some of the most recent stories released through market wires about “Industrial Goods” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Tribune Updates specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 1461 Gore Street Houston, TX 77092, USA Phone: (+1) 81 713-586-3713 Email: Jeromebrooks@tribuneupdates.com

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