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Cpi Aerostructures Inc   (CVU)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

Cpi Aerostructures Inc's Customers Performance

CVU

 
CVU's Source of Revenues Cpi Aerostructures Inc's Corporate Customers have recorded an advance in their cost of revenue by 3.44 % in the 1 quarter 2024 year on year, sequentially costs of revenue were trimmed by -17.61 %. During the corresponding time, Cpi Aerostructures Inc revenue deteriorated by -15.73 % year on year, sequentially revenue fell by -25 %. While revenue at the Cpi Aerostructures Inc 's corporate clients recorded rose by 3.53 % year on year, sequentially revenue fell by -7.25 %.

List of CVU Customers




Cpi Aerostructures Inc's Customers have recorded an advance in their cost of revenue by 3.44 % in the 1 quarter 2024 year on year, sequentially costs of revenue were trimmed by -17.61 %, for the same period Cpi Aerostructures Inc revnue deteriorated by -15.73 % year on year, sequentially revnue fell by -25 %.

List of CVU Customers



   
Customers Net Income fell in Q1 by Customers Net margin fell to %
-16.44 % 7.74 %
Customers Net Income fell in Q1 by -16.44 %


Customers Net margin fell to 7.74 % 7.74 %



Cpi Aerostructures Inc's Customers, Q1 2024 Revenue Growth By Industry
Customers in Containers & Packaging Industry -17.63 %   
Customers in Miscellaneous Fabricated Products Industry      2.67 %
Customers in Construction Raw Materials Industry    
Customers in Aerospace & Defense Industry      4.23 %
Customers in Miscellaneous Manufacturing Industry      48.57 %
Customers in Industrial Machinery and Components Industry      7.41 %
Customers in Ship & Boat Building Industry      8.6 %
Customers in Conglomerates Industry      9.73 %
Customers in Electric & Wiring Equipment Industry      10.39 %
Customers in Coal Mining Industry -5.18 %   
Customers in Broadcasting Media & Cable TV Industry -8.01 %   
Customers in Professional Services Industry -0.09 %   
Customers in Movies and Entertainment Industry    
Customers in Computer Peripherals & Office Equipment Industry -0.48 %   
Customers in IT Infrastructure Industry      7.66 %
Customers in Semiconductors Industry -8.42 %   
Customers in Consumer Electronics Industry -13.13 %   
Customers in Transport & Logistics Industry -5.32 %   
Customers in Airline Industry      6.59 %
Customers in Special Transportation Services Industry      11.61 %
     
• Customers Valuation • Customers Mgmt. Effect.


Cpi Aerostructures Inc's Comment on Sales, Marketing and Customers



We act as a subcontractor to leading defense prime contractors such as Northrop Grumman Corporation (“NGC”), The Boeing Company (“Boeing”), Lockheed Martin Corporation (“Lockheed”), Sikorsky Aircraft Corporation (“Sikorsky”) and Bell Helicopter (“Bell”). 5%, was generated by subcontracts with defense prime contractors. Our 2014 defense subcontractor revenue was significantly decreased because of the change in estimate on the A-10 program, described in Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”).

We are recognized within the aerospace industry as a Tier 1 or Tier 2 supplier to major aircraft suppliers. Additionally, we may bid for military contracts set aside specifically for small businesses.

We are awarded contracts for our products and services through the process of competitive bidding. This process begins when we first learn, formally or otherwise, of a potential contract from a prospective customer and concludes after all negotiations are completed upon award. When preparing our response to a prospective customer for a potential contract, we evaluate the contract requirements and determine and outline the services and products we can provide to fulfill the contract at a competitive price. Each contract also benefits from various additional services that we offer, including program management, engineering, and global supply chain program management, which streamlines the vendor management and procurement process and monitors the progress, timing, and quality of component delivery.

Our average sales cycle, which generally commences at the time a prospective customer issues a request for proposal and ends upon delivery of the final product to the customer, varies widely.

Because of the complexities inherent in the aerospace industry, the time from the initial request for proposal to award ranges from as little as a few weeks to several years. Additionally, our contracts have ranged from six months to as long as ten years. Also, repeat and follow-on jobs for current contracts frequently provide additional opportunities with minimal start-up costs and rapid rates to production.

Our military customers have included Defense Supply Center Richmond, Wright-Patterson Air Force Base (“AFB”), Warner Robins AFB, Tinker AFB, NAVICP, Hill AFB and the U.S. Army Redstone Arsenal. Our commercial customers have included NGC, Lockheed , Spirit, Sikorsky, Bell, Boeing Military, Nordam, UTAS, Embraer, Cessna and Honda.

Since 2008, we have widened the scope of our target markets, positioning our company to take advantage of the opportunities a broader customer base provides while simultaneously reducing the impact of direct government contracting limitations. Our success as a subcontractor to defense prime contractors has provided us with opportunities to act as a subcontractor to prime contractors in the production of commercial aircraft structures, which also reduced our exposure to government spending decisions.

Over time our Company has expanded both in size and capabilities, with exceptional growth in our operational and global supply chain program management expertise. These expansions have allowed us the ability to supply more complex aerostructure assemblies, and aerosystems and structures in support of our government-based programs as well as pursue opportunities within the commercial and business jet markets. Our capabilities have also allowed us to acquire MRO and kitting contracts.






Cpi Aerostructures Inc's Comment on Sales, Marketing and Customers


We act as a subcontractor to leading defense prime contractors such as Northrop Grumman Corporation (“NGC”), The Boeing Company (“Boeing”), Lockheed Martin Corporation (“Lockheed”), Sikorsky Aircraft Corporation (“Sikorsky”) and Bell Helicopter (“Bell”). 5%, was generated by subcontracts with defense prime contractors. Our 2014 defense subcontractor revenue was significantly decreased because of the change in estimate on the A-10 program, described in Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”).

We are recognized within the aerospace industry as a Tier 1 or Tier 2 supplier to major aircraft suppliers. Additionally, we may bid for military contracts set aside specifically for small businesses.

We are awarded contracts for our products and services through the process of competitive bidding. This process begins when we first learn, formally or otherwise, of a potential contract from a prospective customer and concludes after all negotiations are completed upon award. When preparing our response to a prospective customer for a potential contract, we evaluate the contract requirements and determine and outline the services and products we can provide to fulfill the contract at a competitive price. Each contract also benefits from various additional services that we offer, including program management, engineering, and global supply chain program management, which streamlines the vendor management and procurement process and monitors the progress, timing, and quality of component delivery.

Our average sales cycle, which generally commences at the time a prospective customer issues a request for proposal and ends upon delivery of the final product to the customer, varies widely.

Because of the complexities inherent in the aerospace industry, the time from the initial request for proposal to award ranges from as little as a few weeks to several years. Additionally, our contracts have ranged from six months to as long as ten years. Also, repeat and follow-on jobs for current contracts frequently provide additional opportunities with minimal start-up costs and rapid rates to production.

Our military customers have included Defense Supply Center Richmond, Wright-Patterson Air Force Base (“AFB”), Warner Robins AFB, Tinker AFB, NAVICP, Hill AFB and the U.S. Army Redstone Arsenal. Our commercial customers have included NGC, Lockheed , Spirit, Sikorsky, Bell, Boeing Military, Nordam, UTAS, Embraer, Cessna and Honda.

Since 2008, we have widened the scope of our target markets, positioning our company to take advantage of the opportunities a broader customer base provides while simultaneously reducing the impact of direct government contracting limitations. Our success as a subcontractor to defense prime contractors has provided us with opportunities to act as a subcontractor to prime contractors in the production of commercial aircraft structures, which also reduced our exposure to government spending decisions.

Over time our Company has expanded both in size and capabilities, with exceptional growth in our operational and global supply chain program management expertise. These expansions have allowed us the ability to supply more complex aerostructure assemblies, and aerosystems and structures in support of our government-based programs as well as pursue opportunities within the commercial and business jet markets. Our capabilities have also allowed us to acquire MRO and kitting contracts.










CVU's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Cpi Aerostructures Inc 29.29 82.60 16.39 -
Ball Corp 19,179.58 13,414.00 4,217.00 24,300
The Boeing Company 108,216.50 76,442.00 -2,172.00 142,000
Northrop Grumman Corp 64,296.05 40,122.00 2,158.00 88,000
Crane Company 8,340.26 1,836.60 380.00 0
Eaton Corporation Plc 128,077.49 23,606.00 3,406.00 85,947
Fedex Corporation 64,660.56 87,945.00 4,287.00 249,000
General Dynamics Corporation 83,167.05 43,122.00 3,384.00 103,100
Honeywell International Inc 140,756.35 36,903.00 5,739.00 99,000
Lockheed Martin Corporation 113,355.61 69,640.00 6,776.00 114,000
Parker hannifin Corporation 65,820.29 19,838.73 2,768.94 55,090
Southwest Airlines Co 16,933.91 26,714.00 393.00 55,100
Textron Inc 16,878.15 13,794.00 931.00 33,000
United Parcel Service Inc 117,126.13 89,739.00 5,926.00 534,000
Rtx Corporation 140,284.87 71,011.00 3,642.00 174,000
Piedmont Lithium Inc 199.06 0.00 -36.75 10,400
General Electric Company 179,817.94 69,521.00 3,528.00 168,000
The Manitowoc Company Inc 387.22 2,252.70 -97.00 12,300
American Airlines Group Inc 7,371.72 53,169.00 500.00 123,400
United Airlines Holdings Inc 15,705.58 54,827.00 2,688.00 84,100
Alpha Metallurgical Resources Inc 3,744.37 3,424.25 578.18 0
Accenture Plc 196,879.45 64,475.85 6,960.46 721,000
Allegiant Travel Co 935.61 2,505.37 150.63 2,411
Air Transport Services Group Inc 870.69 2,039.09 83.95 1,810
Spirit Airlines Inc 420.22 5,278.31 -486.19 4,219
Alaska Air Group Inc 5,191.22 10,105.00 105.00 22,833
Air T Inc 64.26 288.53 -13.50 600
Hawaiian Holdings inc 659.90 2,749.25 -299.80 5,380
Atlas Air Worldwide Holdings Inc 3,463.49 4,549.10 355.88 1,724
Bristow Group Inc 952.02 1,332.50 1.24 2,916
Aar Corp 2,477.69 2,169.10 68.20 4,850
Air Industries Group 10.34 52.11 -3.02 379
Astronics Corporation 671.97 677.01 -36.58 2,000
Heico Corporation 31,717.76 3,511.11 486.70 3,500
Ducommun Incorporated 862.01 765.36 17.55 3,150
Passur Aerospace Inc. 0.08 5.83 -3.22 37
Tat Technologies Ltd 125.90 113.79 4.67 507
Sigma Additive Solutions Inc 44.71 0.57 -7.30 0
Seafarer Exploration Corp 65.83 0.01 -3.50 1
Transdigm Group Incorporated 76,854.93 7,304.00 1,552.00 14,400
Sifco Industries Inc 18.99 92.97 -8.75 465
Oshkosh Corporation 7,061.59 9,393.90 522.30 13,300
Abb Ltd 106,661.71 32,235.00 3,824.00 0
Bel Fuse Inc 135.74 594.58 75.13 8,955
Hubbell Inc 20,576.68 5,485.40 731.70 16,200
Aerojet Rocketdyne Holdings Inc 4,679.79 2,292.80 74.00 4,965
Barnes Group Inc 2,025.59 1,546.15 4.78 5,036
Proto Labs Inc 776.39 504.60 19.83 1,700
Ichor Holdings Ltd 1,110.11 785.52 -51.97 1,420
Plexus Corp 2,866.91 3,994.57 101.51 16,000
Powell Industries Inc 1,913.50 848.17 102.46 1,841
Pitney Bowes Inc 688.79 3,262.32 -380.78 10,600
Ultra Clean Holdings Inc 2,136.79 1,767.40 -27.80 2,747
Viavi Solutions Inc 1,632.36 1,005.30 -47.70 3,500
Comtech Telecommunications Corp 109.20 571.27 -40.91 1,852
Gilat Satellite Networks Ltd 258.43 266.09 23.50 1,041
Kvh Industries Inc 87.56 127.96 -18.57 604
Dish Network Corporation 0.00 14,978.00 -1,381.89 14,500
Viasat Inc 1,652.50 3,226.46 316.68 5,200
Latam Airlines Group S a 1,938.84 11,640.54 581.55 0
Vishay Precision Group Inc 416.16 346.24 24.86 2,600
Pioneer Power Solutions Inc 39.46 41.67 1.81 91
Nova Ltd 7,413.29 517.92 136.31 819
SUBTOTAL 1,780,787.12 1,000,767.99 62,511.62 3,059,890


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