CPI International Holding Corp., through its subsidiaries, develops, manufactures, and distributes microwave, radio frequency(RF), power, and control products for the defense, communications, medical, and scientific industries worldwide. The company operates in two segments, RF Products and Satcom Equipment. It provides vacuum electron devices, such as klystrons and gyrotrons, helix traveling wave tubes, coupled cavity traveling wave tubes, magnetrons, cross-field amplifiers, and power grid devices. The company also offers microwave transmitter subsystems, satellite communications amplifiers, receiver protectors and control components, medical X-ray imaging systems, antenna systems, and soli...
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Veritas Capital Management Reportedly Hires Moelis For CPI Sale
Oct 9 15
Veritas Capital Management LLC has hired Moelis & Co to run an auction for CPI International Holding Corp., the people said this week. CPI is exploring a sale that could value it at more than $1 billion, including debt, people familiar with the situation said. The sources asked not to be identified because the sale process is confidential. Representatives for CPI and Veritas did not immediately respond to requests for comment. Moelis declined to comment.
CPI International Holding Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 3, 2015
Aug 11 15
CPI International Holding Corp. reported unaudited earnings results for the third quarter and nine months ended July 3, 2015. For the quarter, the company reported sales of $109,645,000 against $119,413,000 a year ago. Operating income was $10,365,000 against $15,757,000 a year ago. Income before income taxes was $1,246,000 against loss before income taxes of $496,000 a year ago. Net income was $1,219,000 against $3,470,000 a year ago. EBITDA was $16,177,000 against $14,343,000 a year ago. Adjusted EBITDA was $18,081,000 against $22,908,000 a year ago. The decrease in adjusted EBITDA was primarily due to lower sales and a less profitable mix of products. The decrease in net income primarily resulted from lower sales and a less profitable mix of products, as well as a $4.0 million increase in income tax expense.
For the nine months, the company reported sales of $328,283,000 against $364,451,000 a year ago. Operating income was $32,046,000 against $45,410,000 a year ago. Income before income taxes was $4,734,000 against $15,035,000 a year ago. Net income was $3,332,000 against $12,511,000 a year ago. Net cash provided by operating activities was $17,687,000 against $39,641,000 a year ago. Capital expenditures were $4,695,000 against $4,596,000 a year ago. EBITDA was $49,586,000 against $56,231,000 a year ago. Adjusted EBITDA was $55,894,000 against $69,360,000 a year ago.
CPI International Holding Corp. to Report Q3, 2015 Results on Aug 11, 2015
Jul 28 15
CPI International Holding Corp. announced that they will report Q3, 2015 results at 3:00 PM, Eastern Standard Time on Aug 11, 2015