CVD Equipment Corporation reported its financial results for the third quarter and the first nine months of 2025, revealing a revenue of $7.4 million for the quarter, a decrease of 9.6% from $8.2 million in the same period of 2024. For the nine months ended September 30, 2025, the company generated $20.8 million in revenue, reflecting a 7.1% increase from $19.5 million in the prior year. The gross profit for the third quarter was $2.4 million, up 37.2% from $1.8 million a year earlier, driven by a more profitable contract mix in the CVD Equipment segment.
The company’s financial performance showed significant changes compared to the previous fiscal period, particularly in gross profit margins, which improved to 32.7% in Q3 2025 from 21.5% in Q3 2024. Operating income for the third quarter was $308,000, a substantial increase from an operating income of $77,000 in the same quarter last year. However, the net income for the quarter was $384,000, compared to $203,000 in Q3 2024, indicating a positive trend in profitability.
Strategically, CVD Equipment Corporation is undergoing a transformation plan approved by its Board of Directors on November 6, 2025, aimed at addressing fluctuations in order rates and declining bookings in its CVD Equipment division. This plan includes transitioning to outsourced fabrication for certain components, which is expected to reduce fixed operating costs by approximately $2 million annually. The company also plans to reduce its workforce in the CVD Equipment division, with an anticipated cost of $0.1 million in severance and other charges.
Operationally, the company reported a decline in its backlog from $13.2 million at the end of June 2025 to $8.0 million by September 30, 2025, primarily due to lower orders in the CVD Equipment segment. The total bookings for the third quarter were approximately $2.2 million, down from $4.1 million in the same quarter of 2024. CVD Equipment accounted for $5.7 million of the total revenue in Q3 2025, while the SDC segment contributed $1.7 million, reflecting a decrease in contracts in progress.
Looking ahead, CVD Equipment Corporation remains focused on growth in key markets, including aerospace and microelectronics, particularly in relation to the electrification of various applications. The company is also exploring strategic alternatives for its business lines, including potential divestitures. Despite the challenges posed by economic conditions, including tariffs and geopolitical tensions, the company believes its existing cash reserves and projected cash flows will be sufficient to meet its operational needs for the next twelve months.
About CVD EQUIPMENT CORP
CVD Equipment Corporation designs and manufactures advanced process equipment for the development and production of materials and coatings used in aerospace, microelectronics, energy storage, and industrial applications. Its core segments include chemical vapor deposition, physical vapor transport, and ultra-high purity gas systems. Serving global markets, the company leverages proprietary technology, process development expertise, and a broad customer base, focusing on innovation, quality, and tailored solutions.
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