CVD Equipment (CVV) Reports Q4 EPS of $0.24

Note: EPS may not be comparable

CVD Equipment (NASDAQ: CVV) reported Q4 EPS of $0.24. Revenue for the quarter came in at $9.82 million.

“2017 was an eventful year for CVD, as it successfully converted much of its record breaking order levels from 2016 into revenue as well as acquiring the assets of MesoScribe Technologies, Inc. and purchasing an additional facility to significantly expand our materials operations. The expanded materials operations this year will enhance our capabilities in providing i) corrosion resistant coatings through our Tantaline subsidiary for medical, pharma, oil and gas applications, ii) sensors through our MesoScribe subsidiary for aerospace and turbine applications, and iii) through our CVD Materials subsidiary for carbon composite materials for medical applications, substrate materials for the electronics industry and further expansion into other coatings for aerospace, medical, and industrial applications,” said Leonard Rosenbaum, President and Chief Executive Officer. “While our 2017 year-end backlog is down from year end 2016, we have made great strides during 2017 in rebuilding our core business and expect that trend to continue in 2018.”

For earnings history and earnings-related data on CVD Equipment (CVV) click here.

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