CVD Equipment Q3 net income $384k; revenue down 9.6%; announces cost-cutting plan to save $2M/year

CVD EQUIPMENT CORP

2025-Q3 EPS reported -$0.05 revenue$20,836,000

Q3 revenue $7.4M (-9.6% YoY); net income $384k ($0.06 EPS) vs $203k ($0.03 EPS) year ago.
Gross margin improved to 32.7% from 21.5% on better contract mix.
Orders $2.2M; backlog fell to $8.0M from $13.2M at June 30.
Board approved transformation: move to outsourced fabrication; workforce reduction in CVD Equipment division expected to save ~$2M annually in FY2026.
Estimated severance charges of ~$0.1M; plan completion by Dec 31, 2025.

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