Cpi aerostructures reports fourth quarter and full year 2024 results

Fourth quarter 2024 vs. fourth quarter 2023   revenue of $21.8 million compared to $23.5 million; gross profit of $4.3 million compared to $4.1 million; gross margin of 20.0% compared to 17.4%; net income of $1.0 million ($1.4 million excluding deferred tax asset valuation impact) compared to net income of $14.8 million ($0.6 million excluding deferred tax asset valuation impact); earnings per share of $0.08 ($0.11 excluding deferred tax asset valuation impact) compared to earnings per share of $1.20 ($0.05 excluding deferred tax asset valuation impact); adjusted ebitda(1) of $2.3 million compared to $1.8 million; cash flow from operations of $4.4 million compared to $3.1 million.
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