CPI Aerostructures (CVU) Reports In-Line Q1 EPS

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Go back to CPI Aerostructures (CVU) Reports In-Line Q1 EPS

CPI Aerostructures Announces 2016 First Quarter Financial Results

May 10, 2016 6:15 AM EDT

EDGEWOOD, NY -- (Marketwired) -- 05/10/16 -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE MKT: CVU) today reported first-quarter 2016 financial results.

First quarter 2016 results included a one-time, non-cash charge of approximately $13.5 million related to the Company's estimate to perform its A-10 Wing Replacement Program (WRP) through the conclusion of its 173-wing order, and consists of: 1) a reduction of revenue of approximately $8.9 million; 2) an increase in cost of sales of approximately $4.6 million.

Revenue for the 2016 first quarter was $12.7 million compared with $19.9 million for the 2015 first quarter. Gross loss was $11.6 million for the first quarter of 2016, versus... More

CORRECTION - CPI Aerostructures to Host 2016 First Quarter Conference Call on May 10

May 9, 2016 11:23 AM EDT

EDGEWOOD, NY -- (Marketwired) -- 05/09/16 -- In the news release, "CPI Aerostructures to Host 2016 First Quarter Conference Call on May 10" issued earlier today by CPI Aerostructures, Inc. (NYSE MKT: CVU), we are advised by the company that the mention of "today" in the first paragraph should not have been included. Complete corrected text follows.

CPI Aerostructures to Host 2016 First Quarter Conference Call on May 10

EDGEWOOD, NY -- May 9, 2016 -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE MKT: CVU) announced that it will issue its... More