CVD Equipment Sells SDC Division for $17.4M, Ends Q2 with $23.5M Cash and No Debt
CVV has more than doubled off its 52-week low of $2.76 on elevated volume (2.7× avg).
Summary
CVD Equipment completed the sale of its SDC division on April 1, 2026 for $17.4 million, generating net cash proceeds of about $15.0 million. The company ended Q2 with $23.5 million in cash and no long-term debt, up from $8.7 million at year-end 2025. Net income was $12.6 million, driven by a $13.9 million gain on the divestiture. Continuing operations remain weak: revenue fell 42.6% year-over-year to $2.0 million, and the net loss from continuing operations was $1.4 million. Backlog declined to $3.9 million from $4.6 million at March 31. After quarter-end, a customer with an $0.8 million system order filed for prepackaged Chapter 11 bankruptcy, though unsecured creditors are expected to be unimpaired.
At the time of this announcement, CVV was trading at $7.13 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $49.5M. The 52-week trading range was $2.76 to $9.10. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.