Cpi aerostructures reports first quarter 2024 results

First quarter 2024 vs. first quarter 2023 revenue of $19.1 million compared to $22.0 million; gross profit of $3.6 million compared to $4.7 million; gross profit margin of 18.6% compared to 21.2%; net income of $0.2 million compared to $1.0 million; earnings per share of $0.01 compared to $0.08; cash flow used in operations of ($1.0) million compared to $0.9 million provided by cash flow from operations; debt as of march 31, 2024 of $19.1 million compared to $22.1 million as of march 31, 2023.
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