CPI Aerostructures Inc Business and Operations Review

CPI Aerostructures Inc has a strong presence in the aerospace industry, with a wide range of products and services.

The company's business model is built on providing complex aircraft components and assemblies to major prime contractors in the aerospace industry.

CPI Aerostructures Inc has a strong commitment to quality and customer satisfaction, with a focus on delivering high-quality products and services to meet the needs of its customers.

The company's products include aircraft components such as fuselage and wing parts, as well as other structural components.

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CPI Aerostructures has appointed Paula Castellano to its leadership team as Senior Vice President, Operations.

This move suggests the company is prioritizing operational efficiency.

CPI Aerostructures' financial performance has been a topic of interest. The company's profit margin is a concerning -1.29%. This indicates that for every dollar earned, the company is losing 1.29 cents.

The return on assets (ROA) is a relatively low 0.33%. This suggests that the company's assets are not generating sufficient revenue to justify their value. On the other hand, the return on equity (ROE) is a negative -3.87%, indicating that the company's equity is not generating a positive return.

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The revenue for the company in the most recent quarter (ttm) is $71.77 million. This is a significant amount of money, but it's not clear if it's enough to sustain the company's operations. The net income available to common shareholders (ttm) is -$927.73k, which is a negative number, indicating a loss.

Here's a summary of CPI Aerostructures' financial performance:

CPI Aerostructures has a significant presence in the United States, with sales totaling $84.68M in 2020, increasing to $98.67M in 2021, and then decreasing to $77.24M in 2022.

The company's international sales are relatively smaller, but still notable, with $2.9M in sales outside the U.S. in 2020, increasing to $4.7M in 2021, and reaching $6.1M in 2022.

CPI Aerostructures' sales in the United States fluctuated over the years, with a peak of $98.67M in 2021 and a low of $75.98M in 2024.

The company's international sales also showed a steady increase, with a peak of $6.1M in 2022 and a low of $2.9M in 2020.

Here's a breakdown of CPI Aerostructures' sales by geography:

At CPI Aerostructures, the governance and board structure is comprised of experienced professionals who oversee the company's operations.

The Board of Directors is led by Chairman Terry Stinson, who has been in the role since November 7, 2018.

Carey Bond also serves as Chairman, taking on the position on January 5, 2025.

Director Michael Faber has been a part of the Board since August 14, 2013.

Other notable members of the Board include Richard Caswell, Dorith Hakim, Richard Rosenjack, and Pamela Levesque.

Here is a list of the Board of Directors members:

Dorith Hakim also serves as the Chief Executive Officer (CEO) of CPI Aerostructures, having taken on the role since March 8, 2022.

CPI Aerostructures is a company that offers a range of products and services. They have expertise in manufacturing and engineering, as well as testing and inspection.

Their products include Wing Structures, Inlets/Nacelles, and Secondary Structures. They also provide services such as Testing and Inspection, Maintenance, Repair and Overhaul, and Manufacturing Engineering.

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CPI Aerostructures has a strong focus on delivering high-quality products and services to their customers. They have a team of experienced professionals who work together to ensure that every project is completed to the highest standards.

Here are some of the products and services offered by CPI Aerostructures:

CPI Aerostructures has also received contracts from major companies in the industry. In 2024, they received a contract valued at US$3.1 million from Embraer S.A. for Engine Inlet Assemblies. They also received a contract valued at US$1.3 million for Welded Assemblies.

CPI Aerostructures is not the only player in the industry, and understanding its competitors can give us valuable insights. CPI Aerostructures Inc is headquartered in Edgewood, New York, which is a significant factor in its operations.

Let's take a look at some key statistics that compare CPI Aerostructures to its competitors. The table below shows the headquarters, city, state/province, number of employees, and entity type for CPI Aerostructures and its top competitors.

The size of the companies varies significantly, with The Boeing Co having the largest number of employees at 172,000.

CPI Aerostructures was founded in January 1980 by Arthur August, formerly of Grumman, as Composite Products International, Inc.

The company's name was changed to Consortium of Precision Industries, Inc. in 1989, and then to CPI Aerostructures, Inc. in 1992, and began using the CPI Aero trademark in 1995.

CPI Aero acquired Welding Metallurgy Inc. and its subsidiary Compac Development Corp for $7.9 million in 2018, expanding its capabilities in aviation electrical harnesses, electromechanical, and printed circuit boards.

The acquisition added a new dimension to CPI Aero's services, which now include designing and manufacturing complex electrical systems for the aerospace industry.

In 2020, CPI Aero received $4.8 million in federally backed small business loans as part of the Paycheck Protection Program, which was aimed at helping small businesses affected by the COVID-19 pandemic.

The company's receipt of this loan was scrutinized due to its history of accounting issues.

CPI Aero resolved a delisting notice from NYSE American in September 2022, after initially receiving the notice in September 2021.

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