CVD Equipment Corporation designs, develops, manufactures, and sells process equipment and solutions that are used to develop and manufacture materials and coatings for research and industrial applications in the United States and internationally. It operates through three segments: CVD, SDC, and CVD Materials. The company offers chemical vapor deposition systems for use in the research, development, and manufacture of aerospace, medical components, semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial applications; and rapid thermal processing systems for use in implant activation, oxidation, silicide formation, and other processes. It also provides annealing, diffusion, and low pressure chemical vapor deposition furnaces for use in diffusion, oxidation, implant anneal, solder reflow, solar cell manufacturing, and other processes; and gas and liquid control systems, such as gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications. In addition, the company offers standard and custom fabricated quartz-ware used in its equipment and other customer tools, as well as repair and replacement services for existing quartz-ware. Further, it provides MesoPlasma direct write printing, a materials deposition process that provides instrumentation, fine feature patterns, and coatings onto conformal components; and Tantaline corrosion resistant coating for valves, fittings, fasteners, vessels, bellows, and custom designed items, as well as offers carbon composites and electronic materials. The company sells its products primarily to aerospace/defense, medical, electronic component manufacturers, universities, and government and industrial laboratories. CVD Equipment Corporation was incorporated in 1982 and is headquartered in Central Islip, New York.
IPO Year:
Exchange: NASDAQ
Website: cvdequipment.com
CVD Equipment Corporation (NASDAQ: CVV) today announced its financial results for the third quarter ended September 30, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "We are pleased that CVD's third quarter 2024 revenue was $8.2 million, representing a 31.4% increase from the prior year period, which supported an improvement in operating performance and system gross margins. It is also encouraging that our September 30th backlog was $19.8 million, meaningfully higher than our 2023 year-end backlog. We are staying the course on our strategic efforts to build critical customer relationships, while carefully managing our costs to achieve our goal of long-term
CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13749891. A live and archived webcast of the call wil
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the second quarter ended June 30, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "Second quarter 2024 revenue was $6.3 million, a 25.2% increase from the prior year period. We are pleased to have recently shipped a PVT 200 system which was part of the first quarter strategic order for SiC 200mm crystal boule growth. The performance of the system will be evaluated for production by our now second account. We are encouraged that our backlog at June 30, 2024 is meaningfully higher than our year-end backlog." "Overall, we are disappointed with CVD's operating performance in the
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the second quarter ended June 30, 2024 after the market close on Tuesday, August 13, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13747925. A live and archived webcast of the call will also
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the first quarter ended March 31, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "First quarter 2024 revenue was $4.9 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve. While we are disappointed with our first quarter performance, we'll stay the course on strategic efforts to achieve profitability, carefully managing our costs and cash flow while simultaneously focusing on growth and return on investment." Mr. Lakios added, "As we mentioned in
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the first quarter ended March 31, 2024 after the market closes on Monday, May 13, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13746228. A live and archived webcast of the call will also be
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "Fourth quarter 2023 revenue was $4.1 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve. While we are disappointed with both our fourth quarter and full year performance, we'll stay the course on our strategy to return to consistent profitability, with a focus on growth and return on investment." Mr. Lakios added, "Our primary goal is to expand
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the markets close on Thursday, March 28, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13744891. A live and archived webcast o
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the third quarter ended September 30, 2023. Emmanuel Lakios, President and CEO of CVD Equipment Corporation, commented, "As previously communicated, our order and revenue levels have historically fluctuated, which is often typical in the highly cyclical process equipment industry. As such, while we saw a year over year decline in third quarter revenue of $1.9 million, our year-to-date 2023 revenue of $20.0 million was 7.6% higher than the corresponding period in the prior fiscal year. While we are disappointed with our third quarter revenue, we continue to see opportunities in key strategic markets of high-p
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today that it will release its third quarter 2023 financial results after the markets close on Tuesday, November 14, 2023. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13742244. A live and archived webcast of the call will also be available on the c
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CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today that it has received a follow on order for a production Chemical Vapor Infiltration (CVI) system valued at approximately $3.5 million. The system is intended to be used to produce advanced, energy efficient materials for use within gas turbine engines. CVD Equipment is a leading manufacturer of Chemical Vapor Deposition (CVD), CVI and Tow-Coating equipment for use in the aerospace industry. Advanced materials including Ceramic Matrix Composites (CMCs) are being used in gas turbine engines to enable greater fuel efficiency as they are lighter in weight and
CVD Equipment Corporation (NASDAQ: CVV) today announced its financial results for the third quarter ended September 30, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "We are pleased that CVD's third quarter 2024 revenue was $8.2 million, representing a 31.4% increase from the prior year period, which supported an improvement in operating performance and system gross margins. It is also encouraging that our September 30th backlog was $19.8 million, meaningfully higher than our 2023 year-end backlog. We are staying the course on our strategic efforts to build critical customer relationships, while carefully managing our costs to achieve our goal of long-term
CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13749891. A live and archived webcast of the call wil
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the second quarter ended June 30, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "Second quarter 2024 revenue was $6.3 million, a 25.2% increase from the prior year period. We are pleased to have recently shipped a PVT 200 system which was part of the first quarter strategic order for SiC 200mm crystal boule growth. The performance of the system will be evaluated for production by our now second account. We are encouraged that our backlog at June 30, 2024 is meaningfully higher than our year-end backlog." "Overall, we are disappointed with CVD's operating performance in the
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the second quarter ended June 30, 2024 after the market close on Tuesday, August 13, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13747925. A live and archived webcast of the call will also
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today it had appointed Andrew Africk to its Board of Directors. The Board of Directors also approved an expansion of the number of directors from the current level of six to seven. "We are delighted that Mr. Africk has agreed to join our Board," said Lawrence J. Waldman, Chairman of CVD Equipment Corporation's Board of Directors. "We appreciate his support of the company as our largest shareholder, and we welcome his extensive corporate and financial experience that will be invaluable to our Board of Directors and executive management team." Mr. Africk is the
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the first quarter ended March 31, 2024. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "First quarter 2024 revenue was $4.9 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve. While we are disappointed with our first quarter performance, we'll stay the course on strategic efforts to achieve profitability, carefully managing our costs and cash flow while simultaneously focusing on growth and return on investment." Mr. Lakios added, "As we mentioned in
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced that it will release its financial results for the first quarter ended March 31, 2024 after the market closes on Monday, May 13, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13746228. A live and archived webcast of the call will also be
CVD Equipment Corporation (NASDAQ:CVV), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. Manny Lakios, President and CEO of CVD Equipment Corporation, commented, "Fourth quarter 2023 revenue was $4.1 million, down significantly versus the prior year period, as our business continues to experience fluctuations in revenue given the nature of the emerging growth end markets we serve. While we are disappointed with both our fourth quarter and full year performance, we'll stay the course on our strategy to return to consistent profitability, with a focus on growth and return on investment." Mr. Lakios added, "Our primary goal is to expand
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the markets close on Thursday, March 28, 2024. The Company will hold a conference call to discuss its results at 5:00 p.m. (Eastern Time) that day. To participate in the live conference call, please dial toll free (877) 407-2991 or international (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13744891. A live and archived webcast o
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today it had appointed Andrew Africk to its Board of Directors. The Board of Directors also approved an expansion of the number of directors from the current level of six to seven. "We are delighted that Mr. Africk has agreed to join our Board," said Lawrence J. Waldman, Chairman of CVD Equipment Corporation's Board of Directors. "We appreciate his support of the company as our largest shareholder, and we welcome his extensive corporate and financial experience that will be invaluable to our Board of Directors and executive management team." Mr. Africk is the
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition and thermal process equipment, announced today it had appointed Dr. Ashraf Lotfi to its Board of Directors. The Board of Directors also approved an expansion of the number of directors from the current level of five to six. "We are delighted that Dr. Lotfi has agreed to join our Board," said Lawrence J. Waldman, Chairman of CVD Equipment Corporation's Board of Directors. "His extensive semiconductor and power electronics device industry expertise, and proven track record of bringing innovative technologies to market, will be invaluable as we execute our core strategy focused on the electrification of e
CVD Equipment Corporation (NASDAQ:CVV), a leading provider of chemical vapor deposition systems and materials, today announced that Richard Catalano has been appointed as Chief Financial Officer, effective August 30, 2022. Mr. Catalano brings more than 35 years of experience as an accomplished financial professional working across multiple industries. In 1982, Mr. Catalano began his career at KPMG LLP and became an audit partner in 1993. Throughout his 37 years as an audit professional at KPMG LLP, Mr. Catalano has advised a diverse array of clients through private equity financed transactions, M&A related accounting, and filings with the U.S. Securities and Exchange Commission. Towards t
CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading manufacturer of chemical vapor deposition systems and materials, has announced the appointment of Emmanuel Lakios to President & CEO. “Emmanuel Lakios has more than 30 years’ experience in the industry, and we believe he will lead our company to profitability, sustainability and growth” non-executive Chairman of the Board, Larry Waldman stated. “Since joining us in 2017 as Vice President of Sales & Marketing, he has proven to be a valuable asset to CVD Equipment. His combined understanding of the markets, customers and operations along with his respect for the shareholders and all the stakeho
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CVD Equipment (NASDAQ:CVV) reported quarterly losses of $(0.22) per share. This is a 2100 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $4.92 million in sales this quarter. This is a 43.39 percent decrease over sales of $8.70 million the same period last year.
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Flowers Foods The Trade: Flowers Foods, Inc. (NYSE:FLO) Director Edward J.. Casey Jr acquired a total of 5,000 shares an av
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CVD Equipment (NASDAQ:CVV) reported quarterly losses of $(0.33) per share. This is a 243.48 percent decrease over earnings of $0.23 per share from the same period last year. The company reported $4.11 million in sales this quarter. This is a 43.17 percent decrease over sales of $7.23 million the same period last year.
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