CVU
CPI Aerostructures, Inc.3.4200
+0.1400+4.27%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
45.09MP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
8-K
New $20M credit facility
CPI Aerostructures secured a $20M credit facility from Western Alliance Bank on December 12, 2025—$10M term loan and $10M revolver—replacing its prior BankUnited agreement with $16.2M repaid at close. Facilities mature December 12, 2030, at Term SOFR plus 2.5-3.0% margin, secured by all assets. New covenants demand 1.25x fixed charge coverage and leverage under 3.75x initially. Cleaner terms, yet covenants bind.
8-K
CFO appointment details
CPI Aerostructures appointed Robert Mannix as CFO and Secretary on December 8, 2025, succeeding interim CFO Pamela Levesque. The 58-year-old CPA brings 30+ years of finance experience from West Technology Group and Casper Sleep, with $300,000 base salary, 40% target bonuses starting 2026, and severance up to 52 weeks. Mannix now leads finance across subsidiaries. Leadership stabilized.
8-K
Q3 profit up, debt down
CPI Aerostructures posted Q3 revenue of $19.3 million, nearly flat year-over-year, but boosted gross margin to 22.3% and net income to $1.1 million from better product mix. Nine-month results swung to a $1.5 million loss, hit by Boeing A-10 termination, yet debt dropped to $15.9 million. Raytheon award adds missile wing work starting 2026. Backlog hit $509 million.
10-Q
Q3 FY2025 results
CPI Aerostructures posted Q3 revenue of $19.3M, flat y/y yet edging up from prior quarters amid Boeing A-10 termination headwinds, with gross margin expanding to 22.3% from 21.7% on lighter labor costs and $1.0M net EAC adjustments (driven by F-16 Rudder Island and NGJ Mid-Band Pod overruns). Operating income climbed 19% y/y to $1.8M, fueling $0.09 diluted EPS—up from $0.06—while YTD revenue fell 16% to $49.8M and swung to $(0.12) EPS on $8.1M EAC hits. Cash dipped to $0.5M, with no revolver availability under $15.9M debt (9.5%, due Nov 2026) after multiple waivers. Backlog holds steady at $509M. Debt covenant waivers remain essential.
8-K
CPI addresses stock volatility
CPI Aerostructures issued a statement on October 30, 2025, addressing unusual trading in its common stock, confirming no material undisclosed developments after internal review. The activity followed an announcement of a routine order from Raytheon for structural missile wing assemblies, aligning with prior business. Yet, the company will keep monitoring trades. Investors should stick to official releases amid forward-looking risks.
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