Filing Flows › CPI Aerostructures (CVU) › Q4 2024
CPI Aerostructures (CVU) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
CPI Aerostructures (CVU) reported revenue of $21.8M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and +12% from the quarter before. Operating margin was 9.5%, net earnings $971K (4.5% of revenue).
CPI Aerostructures, Q4 2024: revenue $21.8M (-7% year over year), operating margin 9.5%, net earnings $971K, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.8M | +12% | -7% |
| Gross profit | $4.3M | +3% | +6% |
| Operating profit | $2.1M | +40% | +34% |
| Net earnings | $971K | +30% | -93% |
| Operating cash flow | $4.4M | +515% | +42% |
| Free cash flow | $4.3M | +637% | +42% |
What changed
Revenue was $21.8M in Q4 2024, down 7% year over year and up 12% from the previous quarter. Government subcontracts was the largest line at 72% of revenue.
Gross margin was 20.0%, up 2.6 points from a year earlier. Operating profit was $2.1M, a 9.5% margin (up 3.0 points year over year). Operating expenses fell 11% while revenue fell 7%. Net earnings were $1.0M, down 93% year over year. The effective tax rate was 38.5%.
Operating cash flow was $4.4M (up 42% year over year), 453% of net earnings. Non-cash charges added back $125K of depreciation and amortization and $75K of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $74K left free cash flow of $4.3M.
Questions
What was CPI Aerostructures' revenue in the fourth quarter 2024?
CPI Aerostructures (CVU) reported revenue of $21.8M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and +12% from the quarter before.
Was CPI Aerostructures profitable in the fourth quarter 2024?
Operating profit was $2.1M (9.5% of revenue) and net earnings $971K.
Source: CPI Aerostructures 10-K on SEC EDGAR.