semiconductor tools maker CVD Equipment Q3 revenue falls
CVD Equipment reported a 9.6% year-over-year decline in Q3 revenue, attributed to the cessation of MesoScribe operations. However, net income rose to $384,000 from $203,000 in the previous year. The company announced strategic initiatives to enhance operational efficiencies, including a $2 million reduction in annual operating costs for fiscal 2026 and outsourcing certain component fabrications. Demand for gas delivery equipment in the SDC segment drove orders, while improved contract mix led to increased gross margins.
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Overview
- CVD Equipment Q3 revenue decreases 9.6% yr/yr due to MesoScribe operations cessation
- Net income for Q3 rises to $384,000 from $203,000 in prior-year quarter
- Company announces strategic initiatives to improve operational efficiencies
Outlook
- Company to reduce annual operating costs by $2.0 mln in fiscal 2026
- CVD Equipment to outsource fabrication of certain components
- Company exploring strategic alternatives including potential asset sales
Result Drivers
- SDC SEGMENT DEMAND - Orders driven by demand in SDC segment for gas delivery equipment
- MESOSCRIBE IMPACT - Revenue decline attributed to cessation of MesoScribe operations
- IMPROVED MARGINS - Gross margin increased due to improved contract mix in CVD Equipment segment
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 $7.41
Revenue mln
Q3 EPS $0.06
Q3 Net $384,000
Income
Q3 Gross $2.42
Profit mln
Q3 $2.11
Operatin mln
g
Expenses
Q3 $308,000
Operatin
g Income
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
