CPI Aerostructures, Inc. reported third-quarter 2025 financial results, showing revenue of $19.3 million, a slight decrease from $19.4 million in the same period in 2024. However, there were improvements in gross profit, gross margin, net income, earnings per share, and EBITDA compared to the third quarter of 2024.

For the first nine months of 2025, CPI Aerostructures, Inc. reported revenue of $49.8 million, down from $59.3 million in the same period in 2024. Gross profit, gross margin, net income, earnings per share, and adjusted EBITDA all showed declines compared to the first nine months of 2024, due in part to the Boeing A-10 Program termination impacts.

CPI Aerostructures, Inc. President and CEO, Dorith Hakim, highlighted the company’s improved balance sheet during the third quarter, with total debt reduced to $15.9 million and Debt-to-Adjusted EBITDA Ratio at 2.6, excluding the A-10 Program termination impact. The company also received an award from Raytheon to manufacture structural missile wing assemblies.

Adjusted EBITDA is a non-GAAP financial measure used by CPI Aerostructures, Inc. to evaluate its financial performance consistently. The company provided a reconciliation of income from operations to Adjusted EBITDA, showing improvements in the third quarter of 2025 compared to the same period in 2024. Depreciation, stock-based compensation, and the A-10 Program termination impacts were also factors considered in the calculation.

Read more at GlobeNewswire: CPI Aerostructures Reports Third Quarter and Nine Month