semiconductor tools maker CVD Equipment Q3 revenue falls
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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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