CPI Aerostructures Reports Fourth Quarter and Full Year 2023 Results
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CPI Aerostructures reported its financial results for the fourth quarter and full year of 2023. In the fourth quarter of 2023, the company had a revenue of $23.5 million, a gross profit of $4.1 million, and a net income of $14.8 million. For the full year of 2023, CPI Aerostructures had a revenue of $86.5 million, a gross profit of $17.1 million, and a net income of $17.2 million. The company also reduced its debt from $22.8 million in 2022 to $20.1 million in 2023. CPI Aerostructures ended the year with a backlog of $513.4 million and expressed confidence in its long-term outlook.
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