Q4 2025 CVD Equipment Corp Earnings Call Transcript
Key Points
- CVD Equipment Corp (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 (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 (CVV) reported an operating loss of $1.3 million for the fourth quarter of 2025, compared to operating income of $34,000 in the prior year quarter.
- Net loss for the fourth quarter was $1.3 million or $0.18 per diluted share, compared to net income of $132,000 or $0.02 per diluted share in the prior year quarter.
Good afternoon, and welcome to the CVD Equipment Corporation fourth-quarter and full-year 2025 earnings conference call.
As a reminder, today's call is being recorded.
We will begin with prepared remarks, followed by a question-and-answer session.
Presenting on today's call are Emmanuel Lekios, President and Chief Executive Officer and Richard Catalano, Executive Vice President and Chief Financial Officer.
Our next press release and information about today's call replay are available in the Investor Relations section of our website at CVDEquipment.com.
Before we begin, please note that comments made during this call may include forward-looking statements, including statements regarding our future financial performance, market growth, product demand, business outlook, and strategic initiatives.
These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially.
For a discussion of these risks, please refer to our filings with the Securities and Exchange
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