DivestmentAug 12, 2026, 04:06 PM
CVD EQUIPMENT CORP Reports $12.57M Net Income on SDC Divestment
AI Summary
CVD EQUIPMENT CORP reported a net income of $12.57 million for the second quarter of 2026, or $1.81 per diluted share, primarily driven by the $13.5 million net gain from the sale of its SDC business division. While continuing operations experienced a decline in revenue to $1.95 million and an increased net loss of $1.37 million, the divestment significantly boosted the company's cash position to $23.48 million and improved overall financial health, including the full repayment of long-term debt.
Key Highlights
- SDC business division was sold for an aggregate consideration of $17.4 million, resulting in a $13.5 million net gain.
- Net income for Q2 2026 was $12.57 million, a significant increase from a net loss of $1.06 million in Q2 2025.
- Diluted earnings per share (EPS) for Q2 2026 was $1.81, compared to $(0.15) in Q2 2025.
- Cash and cash equivalents increased to $23.48 million at June 30, 2026, from $8.73 million at December 31, 2025.
- Revenue from continuing operations for Q2 2026 decreased to $1.95 million from $3.40 million in Q2 2025.
- Net loss from continuing operations for Q2 2026 increased to $1.37 million from $1.29 million in Q2 2025.
- Total stockholders' equity rose to $36.05 million at June 30, 2026, from $24.73 million at December 31, 2025.
- Long-term debt was fully repaid during the first quarter of 2026.
Price Impact
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