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CPI Aerostructures Reports Third Quarter and Nine Month 2025 Results
Globenewswire· 2025-11-14 12:45
Core Insights - CPI Aerostructures, Inc. reported stronger performance in Q3 2025 compared to Q3 2024, with a 60 basis points increase in gross profit margin and a 49% increase in net income [4] - The company achieved an adjusted EBITDA of $1.9 million, which is 17% higher than the same period last year [4] - The nine-month results were impacted by the termination of the Boeing A-10 Program, affecting overall revenue and profitability [4] Financial Performance - For Q3 2025, revenue was $19.3 million, slightly down from $19.4 million in Q3 2024 [9] - Gross profit for Q3 2025 was $4.3 million, compared to $4.2 million in Q3 2024, resulting in a gross margin of 22.3% versus 21.7% [9] - Net income for Q3 2025 was $1.1 million, up from $0.7 million in Q3 2024, with earnings per share increasing to $0.09 from $0.06 [9] - For the nine months ended September 30, 2025, revenue was $49.8 million, down from $59.3 million in the same period of 2024 [9] - The nine-month gross profit was $6.6 million, significantly lower than $12.9 million in 2024, leading to a gross margin of 13.3% [9] Balance Sheet and Debt Management - The company reduced its total debt to an all-time low of $15.9 million as of September 30, 2025, down from $18.2 million a year earlier [5][9] - The Debt-to-Adjusted EBITDA Ratio stood at 2.6, excluding the impact of the A-10 Program termination [5] Strategic Developments - CPI Aero received a significant award from Raytheon to manufacture structural missile wing assemblies, which will start deliveries in 2026, contributing to a backlog of $509 million as of September 30, 2025 [6] - This award reflects the company's ongoing success in securing new development programs and the confidence placed in it by leading aerospace and defense firms [6] Company Overview - CPI Aerostructures is a prime contractor to the U.S. Department of Defense and a Tier 1 subcontractor to major aerospace and defense contractors, providing a range of services including engineering and program management [7]
CPI Aerostructures Comments on Unusual Trading Activity
Globenewswire· 2025-10-30 20:30
Core Points - CPI Aerostructures, Inc. confirmed that it is not aware of any material, undisclosed corporate developments that would explain the unusual trading activity in its common stock [1] - The company received an order from Raytheon to manufacture structural missile wing assemblies for an undisclosed platform, consistent with previous orders [2] - CPI Aero will continue to monitor trading activity and comply with disclosure obligations under applicable law and NYSE American listing standards [3] Company Overview - CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters, and airborne Intelligence Surveillance and Reconnaissance pod systems, serving both commercial aerospace and national security markets [4] - Within the global aerostructure supply chain, CPI Aero operates as either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers [4] - The company is also a prime contractor to the U.S. Department of Defense, primarily the Air Force, and provides engineering, program management, supply chain management, and MRO services [4]
Nasdaq Falls Over 1%; Alphabet Posts Upbeat Earnings
Benzinga· 2025-10-30 14:01
Market Overview - U.S. stocks traded mostly lower, with the Nasdaq Composite falling more than 1% on Thursday [1] - The Dow increased slightly by 0.03% to 47,644.08, while the S&P 500 dropped 0.63% to 6,847.40 [1] Company Financials - Alphabet Inc. reported third-quarter revenue of $102.35 billion, exceeding analyst estimates of $99.64 billion [2] - The company also reported earnings of $2.87 per share, surpassing estimates of $2.33 per share [2] Sector Performance - Financial shares increased by 0.5% on Thursday [1] - Communication services stocks fell by 2.3% [1] Commodity Prices - Oil prices decreased by 1% to $59.89, while gold fell by 0.6% to $3,977.50 [5] - Silver prices increased by 0.1% to $47.915, and copper prices dropped by 3.2% to $5.0955 [5] International Markets - European shares were lower, with the eurozone's STOXX 600 slipping 0.5% [6] - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining slightly by 0.04% [7] Notable Stock Movements - Intensity Therapeutics, Inc. shares surged 175% to $0.7408 following the publication of clinical results [8] - Cambium Networks Corporation shares rose 85% to $5.46 after announcing integration with Starlink [8] - CPI Aerostructures, Inc. shares increased by 90% to $4.4798 after receiving an order from Raytheon [8] - CERo Therapeutics Holdings, Inc. shares dropped 82% to $0.3200 due to a Nasdaq listing denial [8] - Aditxt, Inc. shares fell 44% to $0.0643 after announcing a reverse stock split [8] - FMC Corporation shares decreased by 41% to $17.22 after lowering FY2025 earnings guidance [8]
CPI Aerostructures Awarded Contract of Structural Assemblies by Raytheon Missiles & Defense
Globenewswire· 2025-10-30 13:00
Core Insights - CPI Aerostructures, Inc. has received a firm fixed price order from Raytheon to manufacture structural missile wing assemblies, with deliveries set to begin in 2026 [1][2] - The order signifies a strategic win for CPI Aero, highlighting its role as a key supplier in the growing sectors of missiles, drones, and autonomous systems [2] - CPI Aero operates as a Tier 1 supplier to aircraft OEMs and a prime contractor to the U.S. Department of Defense, providing a range of services including engineering and program management [3] Company Overview - CPI Aero specializes in manufacturing structural assemblies for fixed wing aircraft, helicopters, and airborne Intelligence Surveillance and Reconnaissance pod systems [3] - The company is positioned within the global aerostructure supply chain, either as a Tier 1 supplier or a Tier 2 subcontractor [3] - CPI Aero's services extend beyond manufacturing to include supply chain management and maintenance, repair, and overhaul (MRO) services [3]