CPI Aerostructures reports Q3 EPS 9c vs. 6c last year

Reports Q3 revenue $19.3M vs. $19.4M last year. “Our third quarter 2025 performance was stronger than third quarter 2024 on all fronts, with improved product mix and efficiencies resulting in 60 basis points gross profit margin increase and a 49% net income increase. In addition, our third quarter-adjusted EBITDA of $1.9 million is 17% higher than third quarter 2024. Our nine-month results remain affected by the Boeing A-10 Program termination impacts of the first half the year. We also continued to improve our balance sheet during the third quarter, bringing our total debt down to an all-time low of $15.9 million and our Debt-to-Adjusted EBITDA Ratio to 2.6 excluding the impact of the A-10 Program termination,” continued Dorith Hakim, President and CEO. “We are also pleased to receive an award from Raytheon, an RTX business, to manufacture structural missile wing assemblies for an undisclosed platform. This single source firm fixed price order with deliveries starting in 2026 represents a strategic win for CPI Aero, adding to our backlog of $509 million as of September 30, 2025. This award continues our success of winning new development programs and demonstrates the confidence top tier companies have in CPI Aero.”