CPI Aerostructures Reports Third Quarter and Nine Month 2024 Results
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CPI Aerostructures reported its Q3 2024 results, showing a slight decrease in revenue but improvements in gross profit, net income, and cash flow compared to Q3 2023. The company achieved a higher gross margin and increased earnings per share.
November 14, 2024 | 12:15 am
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CPI Aerostructures reported a decrease in Q3 2024 revenue to $19.4M from $20.4M in Q3 2023, but improved gross profit, net income, and cash flow. EPS rose to $0.06.
Despite a slight revenue decline, CPI Aerostructures showed strong financial performance with increased gross profit, net income, and EPS. The positive cash flow and improved margins suggest operational efficiency, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100