CVD Equipment Q4 revenue falls on weak demand and tariff uncertainity

CVD Equipment

30/03/2026 21:11

Corrects spelling error in headline

Overview

US industrial equipment maker's Q4 revenue fell 33% yr/yr, mainly due to lower system sales

Company posted Q4 net loss, compared to profit in prior year period

Outlook

Company expects SDC division sale to close in Q2 2026, enhancing financial flexibility

Company continues to monitor geopolitical environment and potential tariff impacts

Result Drivers

LOWER SYSTEM SALES - Q4 revenue decline was mainly due to lower CVD system revenue, per company

SOFTER DEMAND & UNCERTAINTY - Bookings pressured by softer demand in CVD Equipment division, tariff-related uncertainty, reduced U.S. government funding for universities, and slower adoption in some end markets, per CEO Manny Lakios

WORKFORCE REDUCTION - Company implemented workforce reduction in CVD Equipment division in Q4 to reduce operating costs

Company press release: ID:nBw5N6wSVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$4.95 mln
Q4 EPS
-$0.18
Q4 Net Income
-$1.27 mln
Q4 Gross Profit
$1.10 mln
Q4 Operating Expenses
$2.45 mln
Q4 Operating Income
-$1.35 mln


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(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.)