Note 8 – Earnings per Share

 

The calculation of basic and diluted weighted average common shares outstanding for the years ended December 31, 2025 and 2024 is as follows (in thousands):

 

   2025   2024 
         
Basic weighted average shares outstanding   6,875    6,823 
Effect of potentially dilutive share-based awards   -    - 
           
Diluted weighted average shares outstanding   6,875    6,823 

 

At December 31, 2025 and 2024, all stock options and unvested restricted stock were not included in the computation of diluted earnings per share because their effect was antidilutive.

 

 

CVD EQUIPMENT CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2025 and 2024

 

Historical Timeline

Fiscal YearFiled
2025Mar 30, 2026Showing above
2024Mar 19, 2025
2023Mar 28, 2024
2022Mar 27, 2023
2021Mar 31, 2022
2020Mar 31, 2021
2019Mar 30, 2020
2018Apr 1, 2019
2016Mar 30, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.