Company Quick10K Filing
CPI Aerostructures
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 12 $98
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-03-22 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-08 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-08 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-28 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-06 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-07-23
10-Q 2014-05-09 Quarter: 2014-04-30
10-K 2014-03-11 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-10-21
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-05-01
10-K 2013-03-13 Annual: 2013-02-22
10-Q 2012-11-09 Quarter: 2012-10-19
10-Q 2012-08-09 Quarter: 2012-07-25
10-Q 2012-05-09 Quarter: 2012-04-26
10-K 2012-03-14 Annual: 2012-02-29
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-15 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-05-02
10-K 2011-03-14 Annual: 2011-03-09
10-Q 2010-11-12 Quarter: 2010-10-28
10-Q 2010-08-11 Quarter: 2010-07-30
10-Q 2010-05-11 Quarter: 2010-05-04
10-K 2010-03-23 Annual: 2010-03-16
8-K 2020-02-11 Amendment, Officers, Exhibits
8-K 2019-11-12 Officers
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-09-27 Other Events
8-K 2019-09-05 Regulation FD, Exhibits
8-K 2019-08-07 Earnings, Regulation FD, Exhibits
8-K 2019-08-07 Earnings, Regulation FD, Exhibits
8-K 2019-06-25 Enter Agreement, Exhibits
8-K 2019-06-13 Officers, Shareholder Vote
8-K 2019-05-10 Earnings, Regulation FD, Exhibits
8-K 2019-05-10 Earnings, Regulation FD, Exhibits
8-K 2019-04-15 Officers, Exhibits
8-K 2019-03-13 Earnings, Regulation FD, Exhibits
8-K 2019-02-07 Amendment
8-K 2019-01-28 Earnings, Regulation FD, Exhibits
8-K 2018-12-20 Enter Agreement, M&A, Regulation FD, Exhibits
8-K 2018-11-08 Other Events, Exhibits
8-K 2018-11-08 Earnings, Regulation FD, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-19 Other Events, Exhibits
8-K 2018-10-16 Enter Agreement, Other Events, Exhibits
8-K 2018-10-15 Other Events, Exhibits
8-K 2018-10-02 Leave Agreement, Regulation FD, Exhibits
8-K 2018-08-15 Enter Agreement, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-08-08 Earnings, Regulation FD, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-07-31 Other Events
8-K 2018-07-05 Other Events, Exhibits
8-K 2018-07-02 Leave Agreement, Regulation FD, Exhibits
8-K 2018-06-20 Shareholder Vote
8-K 2018-05-15 Earnings, Exhibits
8-K 2018-05-15 Earnings, Regulation FD, Exhibits
8-K 2018-03-22 Earnings, Exhibits
8-K 2018-03-22 Earnings, Regulation FD, Exhibits
8-K 2018-03-21 Enter Agreement, Regulation FD, Exhibits
8-K 2018-03-13 Earnings, Exhibits
8-K 2018-03-01 Officers

CPI Aerostructures Financials

CVU Metrics, Comps, Filings

Annual | Quarterly

Business

CPI Aerostructures, Inc. (“CPI Aero®”, the “Company”, “us” or “we”) is a United States (“U.S.”) supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets. We are a manufacturer of structural aircraft parts and aerosystems. Additionally, we leverage our global supply chain skills to assist our customers in managing a diverse worldwide supplier market by providing “one stop shopping” for an assortment of aerospace parts. Within the global aerostructures supply chain, we are either a Tier 1 supplier to aircraft original equipment manufacturers (“OEMs”) or a Tier 2 subcontractor to major Tier 1 manufacturers. We also are a prime contractor to the U.S. Department of Defense, primarily the United States Air Force (“USAF”). In addition to our assembly operations, we provide engineering, program management, supply chain management, and maintenance, repair and overhaul (“MRO”) services.

We are a subcontractor for leading defense prime contractors such as Northrop Grumman Corporation (“NGC”), Lockheed Martin Corporation (“Lockheed”), Sikorsky Aircraft Corporation, a Lockheed company (“Sikorsky”), Bell Helicopter Textron, Inc. (“Bell”), Raytheon and Collins Aerospace (“Collins”). 52% and 56% of our revenue in 2018 and 2017, respectively, was generated by subcontracts with defense prime contractors.

Among the key programs for which CPI Aero provides key structural components, assemblies, or aerospace systems are the NGC E-2D Advanced Hawkeye surveillance aircraft, the Lockheed F-35 joint strike fighter, the Sikorsky UH-60M BLACK HAWK® helicopter, the Collins DB-110 reconnaissance system, the Raytheon Company (“Raytheon”) Next Generation Jammer Mid-Band electronic warfare system, the Collins TacSAR pod, the Bell AH-1Z Viper attack helicopter, the Sikorsky MH-53E mine countermeasure helicopter and Sikorsky CH-148 variant helicopter, and the F-16 Falcon and T-38C trainer aircraft for the U.S. government. Key civilian aircraft programs include the Gulfstream Aerospace Corporation (“Gulfstream”) G650, the Honda Aircraft Company, Inc. (“Honda”) HondaJet and HondaJet Elite business jets, the Embraer S.A. (“Embraer”) Phenom 300 light business jet, the Embraer E175-E2 regional airliner, and the Sikorsky S-92® helicopter.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Aerojet Rocketdyne Holdings (AJRD) 3,447,504 20% 10.6 7% 2,549,000 2,028,000 1,913,400 383,100 171,300 336,800 3,570,404
Kratos Defense & Security Solutions (KTOS) 2,426,492 27% 67.4 1% 1,173,600 598,700 672,100 182,600 13,800 38,200 2,572,792
Grana & Montero (GRAM) 2,217,480 0% 7,430,396 4,940,465 0 0 0 0 2,217,480
Granite Construction (GVA) 2,120,834 7% 20.2 -2% 2,558,141 1,350,733 3,357,257 240,614 -59,433 118,064 2,385,344
Astronics (ATRO) 1,377,510 24% 5.7 23% 767,263 292,297 812,863 192,189 175,503 258,842 1,482,686
Construction Partners (ROAD) 740,490 15% 9.0 8% 509,024 182,841 761,622 112,541 41,712 81,682 733,003
Great Lakes Dredge & Dock (GLDD) 704,492 23% 10.8 3% 869,131 617,653 701,060 161,878 29,416 83,726 901,313
Ducommun (DCO) 520,879 20% 14.5 3% 679,595 407,365 677,086 137,572 20,131 51,564 746,335
Willdan Group (WLDN) 422,313 30% 24.0 2% 341,392 193,867 354,013 107,365 5,735 20,165 484,850
Mistras Group (MG) 405,430 29% 16.4 0% 733,473 452,194 740,334 213,592 86 40,435 663,366
VSE (VSEC) 384,003 0% 9.2 4% 826,775 480,438 708,957 0 35,778 71,968 664,187
Sterling Construction (STRL) 349,207 10% 7.9 5% 499,895 325,202 1,034,476 103,272 26,443 45,658 361,804
Hill International (HIL) 157,450 31% -37.9 -6% 280,764 186,406 399,574 125,542 -16,137 -4,838 183,575
CPI Aerostructures (CVU) 97,518 21% 9.3 3% 153,624 55,379 99,857 20,519 4,397 10,814 100,255
Orion Group (ORN) 68,154 6% -2.1 -30% 362,789 230,040 165,985 10,254 -110,329 -69,734 148,395
Ecology & Environment (EEI) 46,992 66% -447.3 -3% 48,069 14,481 90,683 59,462 -1,615 -83 37,129
Air Industries (AIRI) 29,469 14% -4.6 -17% 53,319 43,025 52,233 7,202 -9,160 -6,184 28,535
ENGlobal (ENG) 28,791 12% -4.1 -20% 25,184 11,213 52,721 6,547 -4,971 -4,579 18,895
Jacobs Engineering Group (J)
Stantec (STN)

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash8782,7102,1661,5051,0021,0401,4312,000
Accounts Receivable4,2866,7744,3926,4677,6668,5155,3808,623
Inventory9,712
PP&E2,6302,9072,8502,7552,3592,2992,0472,545
Assets88,940124,884124,273104,155116,713117,792124,184143,714
Accounts Payable11,99813,2877,6158,92818,37914,02715,1309,902
Long-Term Debt1,7774102191621,49510,251555593
Liabilities34,91444,28935,32139,34246,18050,18649,87150,290
Stockholders' Equity54,02680,59488,95264,81370,53267,60674,31393,423
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue74,13689,27382,98939,687100,20381,33081,28383,929
Cost of Revenue55,32665,04064,55569,41283,60177,01162,63765,765
Gross Profit18,81024,23318,433-29,72516,6024,31918,64618,164
R&D
SG&A7,9327,3236,7057,3087,6368,6148,4509,529
Tax3,1225,5143,4178553513022,7104,463
Net Income7,41711,0117,737-25,2095,016-3,6095,7682,212
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-13,701-22,0783,268-3,3682,058-6,6011,572-2,535
Cash Investing-1,588-825-637-603-210-136-239-6,610
Cash Financing15,34424,734-3,1743,309-2,3516,775-94213,842