CVD EQUIPMENT CORP reported first quarter ended March 31, 2026 results: revenue $1.8 million, net income ($1.7 million), or ($0.25) per basic and diluted share, EPS ($0.25) per basic and diluted share.
“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”
M&A Transactions
CVD EQUIPMENT CORP completed a disposition involving a subsidiary of the Atlas Copco Group for $16,900,000 (closed 2026-04-01).
“certain specified liabilities, in each case as set forth in the Asset Purchase Agreement. The aggregate consideration paid to the Company in connection with the transaction was $16,900,000, subject to customary post-closing adjustments. At the closing, $900,000 of the purchase price was placed in escrow to secure post-closing adjustments and indemnification”
Earnings Releases
CVD EQUIPMENT CORP reported financial results for the fourth quarter and fiscal year ended December 31, 2025.
“On March 30, 2026, the Company issued a press release announcing its results of operations for the fourth quarter and fiscal year ended December 31, 2025.”
Material Agreements
CVD EQUIPMENT CORP entered into Asset Purchase Agreement with Atlas Copco Group valued at Purchase Price of $16,900,000, subject to adjustment (effective 2026-03-23).
“On March 23, 2026, CVD Equipment Corporation, a New York corporation (the “Company”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with the Atlas Copco Group based in Nacka, Sweden (the “Buyer”) Under the Asset Purchase Agreement, the Company has agreed to sell to the Buyer all or substantially all of the assets related to the Company’s Stainless Design Concepts (“SDC”) business division and excluding any and all other assets of the Company and its Affiliates (as defined in the Asset Purchase Agreement), and the Buyer will assume certain specified liabilities, in each case as set forth in the Asset Purchase Agreement (collectively, the “Transaction”).”
Auditor Changes
CVD EQUIPMENT CORP engaged CBIZ CPAs P.C. as its auditor.
“On November 1, 2024, CBIZ CPAs P.C. acquired the attest business of Marcum LLP ("Marcum") which was engaged as the independent registered public accounting firm of CVD Equipment Corporation (the "Company"). As a result of this transaction, on April 25, 2025, Marcum resigned as the independent registered public accounting firm of the Company, and with the approval of the Audit Committee of the Company's Board of Directors, CBIZ CPAs P.C. was engaged as the Company's new independent registered public accounting firm.”
Auditor Changes
Marcum LLP resigned as auditor of CVD EQUIPMENT CORP.
“On November 1, 2024, CBIZ CPAs P.C. acquired the attest business of Marcum LLP ("Marcum") which was engaged as the independent registered public accounting firm of CVD Equipment Corporation (the "Company"). As a result of this transaction, on April 25, 2025, Marcum resigned as the independent registered public accounting firm of the Company, and with the approval of the Audit Committee of the Company's Board of Directors, CBIZ CPAs P.C. was engaged as the Company's new independent registered public accounting firm.”
Raymond A. Nielsen retired as Director at CVD EQUIPMENT CORP.
“On June 20, 2023, Raymond A. Nielsen, a member of the Board of Directors of CVD Equipment Corporation (the “Company”) and chairperson of the Compensation Committee, notified the Board that, due to personal and business commitments, he intends to retire from the Company’s Board of Directors, and does not wish to seek reelection at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).”
Andrew Africk was appointed as Director at CVD EQUIPMENT CORP.
“the Board of Directors (the “Board”) of CVD Equipment Corporation (the “Company”) voted to appoint Andrew Africk to serve as a member of the Board.”
Earnings Releases
CVD EQUIPMENT CORP reported first quarter ended March 31, 2024 results: revenue $4.9 million, net income Net loss of $1.5 million, EPS $0.22 basic and diluted share.
“its financial results for the first quarter ended March 31, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, “First quarter 2024 revenue was $4.9 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve.”
Earnings Releases
CVD EQUIPMENT CORP reported financial results for fourth quarter and fiscal year ended December 31, 2023.
“On March 28, 2024, the Company issued a press release announcing its results of operations for the fourth quarter and fiscal year ended December 31, 2023.”
Earnings Releases
CVD EQUIPMENT CORP reported for the third quarter ended September 30, 2023 results: revenue Revenue of $6.2 million, net income Net loss of $0.8 million, EPS $0.11 basic and diluted share.
“to our ability to receive additional system orders and continue our efforts to reduce our overall operating costs.” Third Quarter 2023 Financial Performance ● Revenue of $6.2 million, down 23.2% as compared to the third quarter of 2022, primarily due to lower system revenues. ● Orders for the third quarter were $4.1 million driven by continued demand in the”
Dr. Ashraf Lotfi was appointed as Director at CVD EQUIPMENT CORP.
“On August 18, 2023, the Board of Directors (the “Board”) of CVD Equipment Corporation (the “Company”) voted to appoint Dr. Ashraf Lotfi to serve as a member of the Board, effective August 18, 2023.”
Earnings Releases
CVD EQUIPMENT CORP reported second quarter ended June 30, 2023 results: revenue $5.1 million, net income $1.1 million, EPS $0.16 basic and diluted share.
“course on our strategy to achieve consistent long-term profitability, with a focus on growth and return on investment.” Second Quarter 2023 Financial Performance ● Revenue of $5.1 million, down 12.7% year over year primarily due to lower system revenues ● Orders for the second quarter increased to $12.9 million driven by demand in two of our three strategic”
Shareholder Votes
CVD EQUIPMENT CORP shareholders approved Approval of a non-binding advisory resolution supporting the compensation of the Company’s named executive officers. at the 2023-07-13 meeting.
“Proposal 3: The approval of a non-binding advisory resolution supporting the compensation of the Company’s named executive officers. Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstain Number of Broker Non- Votes 2,508,282 125,509 58,909 2,666,471”
Shareholder Votes
CVD EQUIPMENT CORP shareholders approved Ratification of Marcum, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. at the 2023-07-13 meeting.
“Proposal 2: The ratification of Marcum, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 . Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstain 5,299,076 54,552 5,543”
Shareholder Votes
CVD EQUIPMENT CORP shareholders approved Election of the five nominees listed below to serve on the Board of Directors of the Company until the 2024 Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified. at the 2023-07-13 meeting.
“Proposal 1: The election of the five nominees listed below to serve on the Board of Directors of the Company until the 2024 Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified. Nominee Number of Votes Cast in Favor Number of Votes Withheld Number of Broker Non- Votes Emmanuel Lakios 2,594,532 98,168 2,666,471 Lawrence J. Waldman 2,594,544 98,156 2,666,471 Debra Wasser 2,594,109 98,591 2,666,471 Raymond A. Nielsen 2,568,111 124,589 2,666,471 Robert M. Brill 2,595,541 97,159 2,666,471”
Earnings Releases
CVD EQUIPMENT CORP reported first quarter ended March 31, 2023 results: revenue $8.7 million, net income Net loss of $40,000, EPS $0.01 basic and diluted share.
“- CVD Equipment Corporation (NASDAQ: CVV), today announced its financial results for the first quarter ended March 31, 2023. First Quarter 2022 Financial Results ■ Revenue of $8.7 million ■ Operating loss of $0.19 million ■ Net loss of $40,000 or $0.01 basic and diluted share ■ Bookings of $2.9 million ■ Backlog as of March 31, 2023 of $12.0 million ■ Cash and”
Earnings Releases
CVD EQUIPMENT CORP reported fourth quarter and fiscal year ended December 31, 2022 results: revenue $7.2 million, net income $1.5 million, EPS $0.23.
“(NASDAQ: CVV), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Results ■ Revenue of $7.2 million ■ Operating loss of $221,000 ■ Net income of $1.5 million, including the recognition of an Employee Retention Credit of $1.5 million ■ Net income per basic and diluted share of”
Earnings Releases
CVD EQUIPMENT CORP reported the nine months ended September 30, 2022 results: revenue $18.6 million, net income $1.8 million, EPS $0.26.
“For the nine months ended September 30, 2022, revenue was $18.6 million as compared to $11.7 million for the same period in 2021, an increase of $6.9 million or 58.4%. Net loss for the nine months ended September 30, 2022 was $1.8 million, or $0.26 per basic and diluted share, as compared to net income of $5.9 million (which includes total non-operating gains of $9.3 million consisting of a $6.9 million gain on sale of building and a $2.4 million gain on debt extinguishment from the forgiveness of the Company’s PPP loan), or $0.89 per basic and diluted share for the same period in 2021.”
Earnings Releases
CVD EQUIPMENT CORP reported the third quarter ended September 30, 2022 results: revenue $8.1 million, net income $63,538, EPS $0.01.
“Revenue for the third quarter of 2022 was $8.1 million as compared to $4.3 million for the third quarter of 2021, an increase of $3.8 million or 88.4%. Net income for the third quarter of 2022 was $63,538, or $0.01 per basic and diluted share, as compared to a net income of $6.0 million (which includes a $6.9 million gain on sale of building), or $0.89 per basic and diluted share for the third quarter of 2021.”
Material Agreements
CVD EQUIPMENT CORP terminated Agreement of Purchase and Sale dated September 21, 2022, as amended with 355 Technology Drive Owner LLC valued at $28,500,000 (effective 2022-11-11).
“On November 11, 2022, the Potential Purchaser notified the Company that it was terminating the Purchase Agreement in its entirety and the transactions contemplated thereby, prior to the expiration of the Due Diligence Period.”
Material Agreements
CVD EQUIPMENT CORP amended Agreement of Purchase and Sale with 355 Technology Drive Owner LLC valued at Extended due diligence period to November 11, 2022 (effective 2022-11-04).
“On November 3, 2022, the Company and the Purchaser executed an amendment to the Purchase Agreement (the “Second Amendment”), pursuant to which the parties extended the Due Diligence Period to 5:00 pm Eastern Time on November 4, 2022.”
Richard Catalano was appointed as Chief Financial Officer at CVD EQUIPMENT CORP.
“On August 30, 2022, the Board of Directors appointed Richard Catalano as Chief Financial Officer, Vice President, Secretary and Treasurer of the Company, effective as of August 30, 2022.”
Thomas McNeill resigned as Chief Financial Officer at CVD EQUIPMENT CORP.
“Effective as of August 30, 2022, Thomas McNeill, the Chief Financial Officer, Executive Vice President, Secretary and Treasurer of CVD Equipment Corporation (the “Company”), resigned from all positions with the Company.”
Steven Aragon resigned as Chief Operating Officer at CVD EQUIPMENT CORP.
“Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.