CVD Equipment Corporation ( (CVV) ) has released its Q1 earnings. Here is a breakdown of the information CVD Equipment Corporation presented to its investors.
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CVD Equipment Corporation, a company specializing in the design and manufacture of chemical vapor deposition and other process solutions, serves industries such as aerospace, electronics, and energy storage.
In its first quarter of 2025, CVD Equipment Corporation reported a significant increase in revenue, reaching $8.3 million, a 69% rise compared to the same quarter last year. This growth was primarily driven by contracts in the industrial and aerospace markets, alongside strong demand for gas delivery equipment in its SDC segment.
The company achieved a gross profit margin of 32.4%, a notable improvement from the previous year’s 16.2%, attributed to higher revenues and better overhead absorption. Despite a decline in backlog from $19.4 million to $13.8 million, CVD Equipment Corporation reported a net income of $360,000, marking its third consecutive quarter of profitability. However, the company faces challenges due to newly imposed tariffs, which could impact component costs and economic stability.
Looking ahead, CVD Equipment Corporation remains focused on strategic efforts to maintain and grow its order rate while managing expenses to ensure long-term profitability and positive cash flow. The company is also planning to adapt to the evolving tariff environment to mitigate potential impacts on its operations.