EARNINGS: CPI Aero reports quarterly profit
CPI Aerostructures Inc., Edgewood
parts maker for U.S. Air Force
Quarter: Ended March 31
Net income: Profit of $860,815, compared with profit of $545,921 in the same quarter last year.
Net sales: $11 million, compared with $9.7 million in the year-ago quarter.
Outlook: With 2008 revenues as a baseline, CPI Aero expects by 2011 a compound revenue increase of more than 30 percent and a compound profit increase of more than 50 percent.
Company statement: "Our long-term guidance is based on our expectation that our three major long-term production programs (A-10, E-2D and G650) will be in full- scale production and producing consistent significant revenue during 2011," president and chief executive Edward J. Fred said.
Inside look at NUMC's aging infrastructure President and CEO of Nassau University Medical Center Thomas Stokes explains the problems caused by the aging infrastructure within the hospital. Newsday Associate Editor Joye Brown reports.
Inside look at NUMC's aging infrastructure President and CEO of Nassau University Medical Center Thomas Stokes explains the problems caused by the aging infrastructure within the hospital. Newsday Associate Editor Joye Brown reports.
