CPI Aerostructures (CVU) Misses Q4 EPS by 1c
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CPI Aerostructures Announces Fourth Quarter and Full Year 2016 Financial Results
March 7, 2017 7:00 AM ESTEDGEWOOD, NY -- (Marketwired) -- 03/07/17 -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE MKT: CVU) today reported fourth-quarter and full-year 2016 financial results.
Full Year 2016 vs. Full Year 2015
Revenue of $81.3 million compared to $100.2 million; Gross profit was $4.3 million compared to $16.6 million; Pre-tax income (loss) was $(5.7) million compared to $8.0 million; Net income (loss) was $(3.6) million compared to $5.0 million; Earnings (loss) per diluted share were $(0.42) per diluted share compared to $0.58 per diluted share; and Backlog at $416.3 Million, up approximately $29.0 Million or 7%, compared to $387.3 million.Fourth Quarter... More
