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CPI: Q4 Earnings Snapshot


CPI: Q4 Earnings Snapshot
April 16, 2021 GMT
EDGEWOOD, N.Y. (AP) CPI Aerostructures Inc. (CVU) on Friday reported fourth-quarter net income of $1.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Edgewood, New York-based company said it had profit of 11 cents.
The maker of aircraft parts for the armed forces and defense contractors posted revenue of $25.4 million in the period.
For the year, the company reported that its loss narrowed to $1.3 million, or 11 cents per share. Revenue was reported as $87.6 million.
The company’s shares closed at $4.54. A year ago, they were trading at $2.67. ....

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