CVD Equipment posts Q2 profit on $17.4M SDC division sale

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Go back to CVD Equipment posts Q2 profit on $17.4M SDC division sale

CVD Equipment Reports Second Quarter 2026 Results; Advances Strategic Transformation During Second Quarter, $23.5 Million in Cash and Debt-Free Balance Sheet

August 12, 2026 4:00 PM EDT

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)-- CVD Equipment Corporation (NASDAQ: CVV) (the Company) today reported its financial results for the second quarter ended June 30, 2026.

Highlights

Completed sale of SDC division on April 1, 2026 for $17.4 million. Generated net cash proceeds of approximately $15.0 million from the transaction after transaction costs and estimated tax payments to be made in the third quarter. Ended the quarter with approximately $23.5 million of cash and cash equivalents and no long-term debt. Reported net income of $12.6 million for the quarter, reflecting the $13.9 million... More