CPI Aerostructures (CVU) Reports Q1 EPS of $0.14

CPI Aerostructures (NYSE: CVU) reported Q1 EPS of $0.14, versus $0.14 reported last year. Revenue for the quarter came in at $25.6 million, versus $18.2 million reported last year.

CPI Aero reaffirms its prior guidance for fiscal 2019 of:

• Revenue in the range of $98.0 million to $102.0 million as compared to $83.9 million in the fiscal 2018 full year ended December 31, 2018;
• Pre-tax income in the range of $11.0 to $11.3 million as compared to $6.8 million in fiscal 2018;
• Cash Flow from Operations in excess of $3.5 million as compared to a use of cash of $(2.5) million in 2018;
• Effective tax rate of 20% - 22%.

For earnings history and earnings-related data on CPI Aerostructures (CVU) click here.

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