On Friday April 5, 2024, CPI Aerostructures Reported Q4 Adj EPS $0.09 Up From $0.03 YoY, Sales $23.50M Down From $24.08M YoY

Author: Benzinga Newsdesk | April 08, 2024 03:37am

CPI Aerostructures (AMEX:CVU) reported quarterly earnings of $0.09 per share. This is a 200 percent increase over earnings of $0.03 per share from the same period last year. The company reported $23.50 million in sales this quarter. This is a 2.40 percent decrease over sales of $24.08 million the same period last year.

Earnings per share of $1.20 ($0.09 excluding the fourth quarter 2023 deferred tax asset valuation allowance reduction of $1.11) compared to earnings per share of $0.55 ($0.03 excluding the fourth quarter 2022 deferred tax asset valuation allowance reduction of $0.52);

Posted In: CVU