CVV

Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET President and Chief Executive Officer — Emmanuel Lakios Chief Financial Officer — Richard Catalano Emmanuel Lakios: Thank you, Diego, and good afternoon, everyone. We appreciate you joining us today to review our fourth quarter and full year 2025 financial results and to provide you an update on our business and strategic initiatives. Following our prepared remarks, we will be happy to take your questions. As previously disclosed, in response to continued volatility in order rates and recent decline in bookings within our CVD Equipment division, we have initiated a transformation strategy during the fourth quarter designed to significantly reduce fixed operating costs, create a more agile organization and better position the company to maximize shareholder value. Key elements of this plan included: transitioning the CVD Equipment business from a vertically integrated fabrication model to outsource fabrication for certain components, which we expect will reduce fixed costs and improve scalability; completing a workforce reduction in the CVD Equipment division during the fourth quarter, which was to rightsize the organization, and is expected to reduce annual operating costs by approximately $1.8 million in 2026; revising our sales approach by leveraging distributors and external representatives to complement our internal sales organization; and exploring strategic alternatives for certain businesses and product lines, including potential asset sales or divestitures. As part of our strategic review on March 23, 2026, we announced that we had entered into a definitive agreement under which our SDC business will be sold to Atlas Copco Group. The purchase price is approximately $16.9 million in cash, subject to certain purchase price adjustments. The transaction is expected to close during the second quarter of 2026, subject to customary closing conditions. This transaction will allow us to sharpen our focus on our core CVD Equipment business in Central Islip, New York. It is also expected to strengthen our balance sheet and provide additional financial flexibility as we continue to evaluate opportunities across the CVD Equipment business, its product lines and our facilities. We expect net cash proceeds after transaction expenses and taxes to be approximately $15 million, of which $900,000 will b...

Shares of CVD Equipment Corporation CVV have plunged 12.7% since the company reported results for the quarter ended March 31, 2026, underperforming the S&P 500 Index’s 0.7% decline over the same period. Over the past month, however, the stock gained 23.9%, outpacing the S&P 500’s 4.9% rise. CVD Equipment reported first-quarter 2026 revenue from continuing operations of $1.8 million, down 70.9% year over year from $6.3 million, reflecting lower CVD systems revenue tied to reduced system bookings. Net loss from continuing operations widened to $1.7 million, or 25 cents per diluted share, from $0.2 million, or 3 cents per diluted share, in the year-ago quarter. Gross profit fell to $147,000 from $1.7 million, while gross margin contracted to 8% from 27.4% a year earlier. Orders rose to $1.8 million from $0.8 million in the prior-year quarter, driven primarily by higher spare-parts demand, while backlog remained flat at $4.7 million as of both March 31, 2026, and Dec. 31, 2025. Management said bookings continued to be pressured by geopolitical uncertainty, reduced U.S. government funding for universities and slower adoption of its solutions in certain end markets. CVV noted that lower system bookings significantly affected revenue and gross margin during the quarter. Revenue concentration also remained high, with three customers accounting for 27.2%, 21.7% and 17.3% of first-quarter revenues. Gross profit benefited from a contract modification that contributed $0.3 million during the quarter. Research and development expenses were relatively flat year over year at $727,000 compared with $734,000, while selling expenses declined 34.6% to $240,000 from $367,000 because of lower personnel costs. General and administrative expenses increased 7.2% to $1 million from $0.9 million due to higher personnel and building maintenance costs. By end market, aerospace revenue totaled $1.1 million compared with $2.5 million in the prior-year period (down 56.1%), while industrial revenue declined sharply to $0.4 million from $3.7 million. Research market revenue increased to $333,000 from $120,000 a year ago. The energy market generated no revenue during the quarter versus $7,000 in the year-earlier period. CVD Equipment Corporation price-consensus-eps-surprise-chart | CVD Equipment Corporation Quote Chief Executive Officer Emmanuel Lakios said CVV continued implementing a trans...

This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CVD Equipment Corp (NASDAQ:CVV) successfully completed the sale of its SDC business to Atlas Copco for approximately $16.9 million, strengthening its balance sheet. The company has no long-term debt and a cash balance of approximately $23 million following the sale of SDC. CVD Equipment Corp (NASDAQ:CVV) has initiated a transformation strategy to reduce fixed operating costs and improve scalability by transitioning to an outsourced fabrication model. The company is focusing on its core CBD equipment business, which includes emerging applications such as nuclear energy and high-power electronics. CVD Equipment Corp (NASDAQ:CVV) is actively pursuing strategic opportunities and exploring potential sales of assets or divestitures to maximize shareholder value. First quarter 2026 revenue was $1.8 million, a significant decline of 70.9% from the prior year quarter. The company reported a net loss from continuing operations of $1.7 million for the first quarter of 2026. Gross profit for the quarter was only $147,000, resulting in a low gross margin of 8%, primarily due to lower revenues and higher unabsorbed overhead costs. Bookings and revenue were negatively impacted by geopolitical uncertainties, reduced U.S. government funding for universities, and slower adoption of solutions in certain markets. The company is facing challenges in the silicon carbide market due to competition from Chinese vendors, affecting its PVT market and order flow. Warning! GuruFocus has detected 2 Warning Sign with CVV. Is CVV fairly valued? Test your thesis with our free DCF calculator. Q: With the STC sale complete and $23 million in cash on the balance sheet, can you help us think about the book value of the Central Islip property? Is the PP&E value of $10.4 million reflective of its market worth? A: Emmanuel Lakios, President and CEO: We previously considered a sale leaseback, and the valuation was higher than that figure. We believe the $10.4 million is a conservative estimate, but we can't provide multiple valuations at this time. Q: With geopolitical uncertainty and reduced government funding, how are you addressing new market opportunities like data centers and nuclear energy? Are these translating into active p...

Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET President and Chief Executive Officer — Emmanuel Lakios Chief Financial Officer — Richard Catalano Emmanuel Lakios: Thank you, operator, and good afternoon, everyone. We appreciate you joining us today to review our first quarter 2026 financial results and to provide an update on our business and strategic initiatives. Following our prepared remarks, we'll be happy to take your questions. As previously disclosed, in response to continued volatility in our order rates and a recent decline in bookings within our CVD Equipment division, we initiated a transformation strategy late last year designed to specifically reduce fixed operating costs, create a more agile organization and better position the company to maximize shareholder value. Key elements of this plan included transitioning the CVD Equipment business from a vertically integrated fabrication model to an outsourced fabrication for certain components, which we will expect to reduce fixed costs and improve scalability. Workforce reduction in CVD Equipment division during the fourth quarter, which is expected to reduce annual operating costs by approximately $1.8 million in 2026. Revising our sales approach by leveraging distributors and external representatives to complement our internal sales organization and broaden market reach; and finally, exploring strategic alternatives for certain business product lines, including potential sale of assets or divestitures. As part of our strategic review, on March 23, 2026, we announced that we had entered into a definitive agreement under which our SDC business was to be sold to Atlas Copco. The purchase price was approximately $16.9 million in cash and is subject to certain purchase price adjustments. The transaction closed on April 1, 2026. The sale of SDC enables us to concentrate our attention on our core CVD Equipment business. The divestiture has strengthened our balance sheet and provided additional financial flexibility as we continue to evaluate strategic opportunities for the CVD Equipment business, its product lines and our facilities. We continue to drive operational efficiencies, allowing for reduced operating costs and increased flexibility. Our objective remains to maximize shareholder value. Net cash proceeds from the sale of the SDC division received by the company in April 2026...

Completed the Previously Announced Sale of its SDC Division CENTRAL ISLIP, N.Y., May 14, 2026--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV) (the "Company") today reported financial results for the first quarter ended March 31, 2026. As previously announced, the Company entered into an asset purchase agreement with a buyer to sell its SDC business division on March 23, 2026. This transaction was completed on April 1, 2026, whereby substantially all the business assets related to SDC were sold. The financial results of SDC are reflected in the Company’s condensed consolidated financial statements as discontinued operations for all periods presented and SDC’s assets and liabilities are considered held for sale as of March 31, 2026. The Company now has one reportable segment consisting of its CVD Equipment division which manufactures chemical vapor deposition, physical vapor transport, thermal process and related equipment. After payment of transaction costs and employee related liabilities, the net cash proceeds from the sale of SDC were $14.8 million. As a result, as of April 1, CVD Equipment had approximately $23 million in cash and no long-term debt. Manny Lakios, President and Chief Executive Officer of CVD Equipment Corporation, stated, "The sale of SDC has significantly strengthened our balance sheet, providing additional financial flexibility as we continue to evaluate strategic opportunities for the CVD Equipment business, its product lines, and our facilities. In addition, we are continuing to drive operational efficiencies and reduce our operational costs, with an ongoing commitment to maximizing shareholder value. This included, as previously announced, a workforce reduction within the CVD Equipment division during the fourth quarter as we transitioned from a vertically integrated fabrication model to outsource fabrication for certain components. This action is expected to reduce our annual operating costs by approximately $1.8 million in fiscal 2026." Lakios added, "In addition, we remain focused on delivering solutions across our key target markets, including aerospace and defense, industrial applications such as silicon carbide (SiC) on graphite, and SiC for high-power electronics, as well as emerging applications, including nuclear energy." First Quarter 2026 Performance from Continuing Operations (excluding the discontinued operation...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management initiated a transformation strategy to address order volatility by transitioning from a vertically integrated fabrication model to outsourced fabrication for specific components. The divestiture of the SDC business to Atlas Copco for approximately $16.9 million was a key strategic move to concentrate resources on the core CVD Equipment business. Performance was significantly impacted by a 70.9% year-over-year revenue decline, primarily driven by lower CVD systems revenue and unabsorbed overhead costs. The silicon carbide (SiC) market experienced deflation due to Chinese vendors flooding the market with wafers, making it economically unviable for U.S. providers to expand equipment capacity. Management attributes current booking headwinds to geopolitical uncertainty, reduced U.S. government funding for universities, and a slower pace of solution adoption in certain end markets. The company is shifting its sales approach by leveraging external distributors and representatives to complement internal teams and broaden market reach. The return to consistent profitability is contingent upon improved equipment order flow, disciplined cost management, and the successful execution of the transformation plan. Workforce reductions implemented in late 2025 are expected to reduce annual operating costs by approximately $1.8 million in 2026. Management is monitoring a recent increase in RFQ (Request for Quote) activity, though they cautioned that it typically takes several months to several quarters for these to convert into orders. Future growth initiatives are focused on emerging applications, including nuclear energy and high-power electronics, where early-stage RFQs for CVI and CVD equipment are being observed. The company continues to evaluate strategic alternatives for remaining product lines and facilities to further maximize shareholder value. Following the SDC sale, the company holds approximately $23 million in cash and has eliminated all long-term debt after repaying an equipment loan. The company retained ownership of its Saugerties, New York facility, which is currently leased to the buyer of SDC for an initial 2-year term. Management indicated that the $10.4 million book value for the Central Islip...

CENTRAL ISLIP, N.Y., May 07, 2026--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the first quarter ended March 31, 2026 after the market close on Thursday, May 14, 2026. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free 1-877-407-2991 or 1-201-389-0925. A telephone replay will be available for 7 days. To access the replay, dial toll free 1-877-660-6853 or 1-201-612-7415. The replay passcode is 13760600. A live and archived webcast of the call will also be available on the company's website at www.cvdequipment.com/events. The archived webcast will be available at the same location approximately two hours following the end of the live event. About CVD Equipment Corporation CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, thermal processing, physical vapor transport, and other equipment and process solutions used to develop and manufacture materials and coatings for industrial applications and research. Our products are used in production environments as well as research and development centers, both academic and corporate. Major target markets include aerospace & defense (ceramic matrix composites), silicon carbide (SiC) high-power electronics, electric vehicle (EV) battery materials (carbon nanotubes, graphene and silicon nanowires), and industrial applications. Through its application laboratory, the Company allows customers the option to bring their process tools to our laboratory and to work collaboratively with our scientists and engineers to optimize process performance. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507130913/en/ Contacts For further information about this topic please contact: Richard Catalano, Executive Vice President & CFO Phone: (631) 981-7081 Email: [email protected]

Shares of CVD Equipment Corporation CVV have lost 15.7% since the company reported its earnings for the quarter ended Dec. 31, 2025, underperforming the S&P 500 Index, which gained 3.5% over the same period. However, the stock has shown stronger near-term momentum, rising 18.6% over the past month against a 3.5% decline in the broader index. CVD Equipment reported fourth-quarter 2025 revenues of $4.9 million, down 33.1% year over year from $7.4 million, primarily due to lower CVD system revenue. The company swung to a net loss of $1.3 million, or $0.18 per share, from net income of $0.1 million, or $0.02 per share, in the prior-year quarter. Gross margin contracted to 22.1% from 26.4% a year ago. Segment-wise, the SDC division posted revenue of $2.2 million, up from $1.9 million in the prior-year period, partially offsetting weakness in the core CVD Equipment segment. For full-year 2025, revenue declined 4.1% to $25.8 million from $26.9 million, while net loss narrowed to $1.6 million, or $0.23 per share, from $1.9 million, or $0.28 per share, in 2024. Order activity weakened significantly, with fourth-quarter 2025 orders totaling $3.5 million and full-year orders falling to $13 million from $28 million in 2024. Backlog declined to $6.6 million at year-end, down from $19.4 million a year earlier, indicating softer demand visibility. Management attributed the slowdown to multiple external and internal factors, including reduced demand in the CVD Equipment division, tariff-related uncertainty, lower U.S. government funding for universities and slower adoption of its technologies in certain markets. CVD Equipment Corporation price-consensus-eps-surprise-chart | CVD Equipment Corporation Quote CVV reported a fourth-quarter 2025 operating loss of $1.3 million against an operating income of $35,000 a year earlier, reflecting lower revenue and unfavorable cost absorption. Results also included a non-cash impairment charge of approximately $0.2 million tied to equipment and software as part of its transition to outsourced fabrication. Despite quarterly margin pressure, full-year gross margin improved to 28.3% from 22.5%, largely due to the absence of a $1.6 million inventory write-down recorded in 2024. Management emphasized a transformation strategy initiated in the fourth quarter aimed at reducing fixed costs and improving scalability. Key actions include outsourc...

Entered Into Definitive Agreement for the Sale of its SDC Division in First Quarter of 2026 as Previously Announced CENTRAL ISLIP, N.Y., March 30, 2026--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV) (the "Company") today reported financial results for the fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter 2025 Performance Orders: $3.5 million, driven primarily by demand in our SDC business division for gas delivery equipment and the receipt of orders for two PVT 150 units from Stony Brook University in support of their new semiconductor research center "onsemi Research Center for Wide Bandgap Materials". Revenue: $5.0 million, down 33.1% year over year, primarily reflecting lower CVD system revenue in the quarter. Backlog: $6.6 million at December 31, 2025, compared with $8.0 million at September 30, 2025. Gross margin: 22.1% versus 26.4% in the prior year quarter, primarily due to lower CVD system revenue. Other charges and income: $0.2 million impairment charge in the current year quarter, compared with other income of $0.1 million in the prior year quarter. Net loss: ($1.3 million), or ($0.18) per basic and diluted share, compared with net income of $0.1 million, or $0.02 per basic and diluted share, in the prior year quarter. As previously announced, the Company implemented a workforce reduction within the CVD Equipment division during the fourth quarter that is expected to reduce annual operating costs by approximately $1.8 million in fiscal 2026. The Company also implemented an updated sales strategy for the CVD Equipment business, leveraging distributors and external sales representatives to complement internal sales resources. Fiscal Year 2025 Performance Orders: $13.0 million, driven primarily by demand in our SDC business division for gas delivery equipment and orders for spare parts and service for our CVD Equipment division. Revenue: $25.8 million, down 4.1% year over year, primarily reflecting lower SDC revenue and lower MesoScribe revenue following the cessation of its operations in 2024. Gross margin: 28.3% versus 22.5% in the prior fiscal year, a $1.6 million charge for excess and obsolete inventory was recorded in the prior fiscal year. Net loss: ($1.6 million), or ($0.23) per basic and diluted share, compared with a net loss of ($1.9 million), or ($0.28) per basic and diluted share, in fiscal year 2024. Cash a...

This article first appeared on GuruFocus. Fourth Quarter Revenue: $5 million, down 33% year-over-year. Full Year 2025 Revenue: $25.8 million, a decrease of 4.1% from 2024. Fourth Quarter Orders: $3.5 million. Full Year Orders: $13 million, compared to $28 million in 2024. Backlog at Year-End: $6.6 million, down from $19.4 million at the end of 2024. Fourth Quarter Gross Profit: $1.1 million, with a gross margin of 22.2%. Full Year Gross Profit: $7.3 million, with a gross margin of 28.3%. Fourth Quarter Operating Loss: $1.3 million. Full Year Operating Loss: $1.9 million. Fourth Quarter Net Loss: $1.3 million or $0.18 per diluted share. Full Year Net Loss: $1.6 million or $0.23 per diluted share. Cash and Cash Equivalents at Year-End: $8.7 million. Net Cash Used in Operating Activities: $3.7 million for fiscal 2025. Working Capital at Year-End: $14.1 million. Warning! GuruFocus has detected 4 Warning Sign with CVV. Is CVV fairly valued? Test your thesis with our free DCF calculator. Release Date: March 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CVD Equipment Corp (NASDAQ:CVV) has initiated a transformation strategy to reduce fixed operating costs and improve scalability by outsourcing fabrication for certain components. The company completed a workforce reduction in the CBD equipment division, expected to reduce annual operating costs by approximately $1.8 million in 2026. CVD Equipment Corp (NASDAQ:CVV) entered into a definitive agreement to sell its SDC business to Atlas Copco Group for approximately $16.9 million, which will strengthen its balance sheet. The sale of the SDC business is expected to provide net cash proceeds of approximately $15 million, enhancing financial flexibility. The company retains ownership of its Sauga Tees New York facility, which will be leased to Atlas Copco Group, providing additional revenue streams. Fourth-quarter 2025 revenue was $5 million, down 33% from the prior year period and sequentially from the third quarter. Full-year 2025 revenue decreased by 4.1% compared to fiscal year 2024, primarily due to lower CBD systems revenue. The company's backlog decreased to $6.6 million at the end of December 2025, compared to $19.4 million at the end of December 2024. CVD Equipment Corp (NASDAQ:CVV) reported an operating loss of $1.3 million for the fourth quarter of...

Management launched a comprehensive transformation strategy in Q4 2025 to address continued volatility in order rates and a decline in CVD Equipment division bookings. The company is transitioning from a vertically integrated fabrication model to an outsourced model for certain components to reduce fixed costs and improve scalability. A workforce reduction completed in Q4 is expected to rightsize the organization and reduce annual operating costs by approximately $1.8 million starting in 2026. The sales strategy is being revised to leverage external distributors and representatives to complement the internal sales organization. Bookings remain pressured by softer demand, tariff-related uncertainties, reduced U.S. government spending for universities, and slow adoption in specific end markets. Strategic focus remains on high-growth advanced materials markets, specifically aerospace, defense, and silicon carbide for high-power electronics. Management expects the sale of the SDC business to Atlas Copco Group to close in Q2 2026, providing approximately $15 million in net cash proceeds. The company intends to initially invest the transaction proceeds into U.S. Treasury securities to strengthen the balance sheet and provide financial flexibility. Return to consistent profitability is contingent upon improved equipment order flow, disciplined cost management, and successful execution of the transformation plan. Current cash positions and projected flows are deemed sufficient to support working capital and capital expenditure requirements for at least the next 12 months. The Saugerties, New York facility will be retained and leased to Atlas Copco for an initial 2-year term following the SDC divestiture. Entered a definitive agreement to sell the SDC business for approximately $16.9 million in cash to sharpen focus on the core CVD business. Recorded a non-cash impairment charge of $163,000 in Q4 related to equipment and software rendered obsolete by the shift to outsourced fabrication. Full-year gross margin improved to 28.3% primarily due to the absence of a $1.6 million inventory write-down charge taken in the prior fiscal year. Backlog decreased to $6.6 million at year-end 2025, down from $19.4 million at the end of 2024, reflecting the challenging booking environment. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you...