CPI Aerostructures Q2 revenue rises, net income turns positive
CVU•Key reported figures
| Metric | Actual |
|---|---|
| Q2 Revenue | $17.58 million |
| Q2 EPS | $0.05 |
| Q2 Net Income | $685,615 |
| Q2 Gross Margin | 22% |
Outlook not provided
The company did not provide specific financial guidance for upcoming quarters or the full year.
Drivers of the result
- Product mix - The company said a more favorable product mix contributed to higher gross margin and profit.
- Operational execution - Management cited strengthened operational execution as a driver of improved results.
- Cost management - Disciplined cost management supported margin expansion, according to CEO Dorith Hakim.
Q2 revenue and profit improved
US aerospace contractor's Q2 revenue rose 16% year over year to $17.6 million.
Q2 net income turned positive, with EPS at $0.05 versus a loss a year ago.
Gross margin expanded to from , driven by product mix and efficiencies.
