CVD Equipment Corporation Reports Third Quarter Revenue of $7.4 Million
CVD Equipment Corporation reported third quarter 2025 revenue of $7.4 million, a decrease of 9.6% from the prior-year quarter. Year-to-date revenue was $20.8 million, up 7.1% compared to the same period last year. Orders for the quarter totaled $2.2 million, primarily from demand in the SDC segment for gas delivery equipment. Net income for the third quarter was $384,000, or $0.06 per basic and diluted share, compared to $203,000, or $0.03 per basic and diluted share, in the third quarter of 2024. Gross margin improved to 32.7% from 21.5% in the prior-year quarter. Backlog was $8.0 million as of September 30, 2025, down from $13.2 million as of June 30, 2025. Cash and cash equivalents were $8.4 million at the end of the quarter, compared to $12.6 million as of December 31, 2024. The company announced a transformation strategy, including transitioning to outsourced fabrication for certain components and a workforce reduction in the CVD Equipment division, expected to lower annual operating costs by about $2.0 million in fiscal 2026. The SDC division will not be affected by these changes.
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