CPI Aerostructures (CVU) Tops Q2 EPS by 6c
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CPI Aerostructures Announces 2016 Second Quarter Financial Results
August 4, 2016 7:10 AM EDTEDGEWOOD, NY -- (Marketwired) -- 08/04/16 -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE MKT: CVU) today announced financial results for the three-month and six-month periods ended June 30, 2016.
Summary Highlights
For the 2016 Second Quarter, Revenue, Pre-Tax Income and EPS Increased 2%, 86% and 75%, respectively; For the 2016 Second Quarter, Revenue, Pre-Tax Income and EPS on an As Adjusted Basis Increased 22%, 86% and 75%, respectively; Backlog of $395 Million as of June 30, 2016, up $8 Million From 2015 Year-End; Defense backlog up 5% at June 30, 2016 from 2015 year-end;... MoreCPI Aerostructures Awarded Contract by Embraer for the E-Jets E2s
August 4, 2016 7:01 AM EDTEDGEWOOD, NY -- (Marketwired) -- 08/04/16 -- CPI Aerostructures, Inc. ("CPI Aero") (NYSE MKT: CVU) today reported it has been selected by Embraer S.A. of Brazil (NYSE: ERJ) to supply various structural components used in the manufacture of engine pylon fairings for the Embraer E175-E2 aircraft, one of the members of the second generation of its E-Jets family of commercial aircraft, the E-Jets E2. CPI Aero has received a binding Go Ahead Notice for the first shipset to be delivered to Embraer during the first quarter of... More
