CVD Equipment divests SDC for $17.4M, posts Q2 net income $12.6M on gain; core ops loss deepens

CVD EQUIPMENT CORP

Sold SDC division April 1, 2026 for $17.4M; net cash proceeds ~$15.0M after costs and taxes.
Ended Q2 with $23.5M cash, no debt; stockholders' equity $36.0M vs $24.7M at year-end.
Net income $12.6M includes $13.9M gain on divestiture; net loss from continuing ops ($1.4M) or ($0.20) per share.
Revenue $2.0M down 42.6% YoY; orders $1.2M vs $1.5M; backlog $3.9M vs $4.6M at March 31.
Post-quarter, customer behind $0.8M order filed prepackaged Chapter 11; company evaluating impact.

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