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Sachem Patch Business Notebook, August 16

A look at the business scene from around the Sachem community.

As some local businesses reflect on recent achievements, others have plans in place for future success. Here’s a look at what’s happened lately:

Farmingville Hills Chamber of Commerce Introduces FUNds Card: The Farmingville Hills Chamber of Commerce has introduced the release of the Farmingville FUNds card. This free card allows holders to save money at a range of businesses in the Farmingville area. Participants include restaurants, home maintenance and photography services among others, and discounts range from 5-15%. A full list of participating businesses can be found by clicking here. The FUNds card will be available at the Farmingville Hills Chamber of Commerce’s booth at the Ronkonkoma Chamber of Commerce Fair on Sunday, Sept. 4 on Hawkins Avenue. In addition to the fair, the card will be readily available at select businesses as listed on the Farmingville Chamber’s website.

CVD Equipment Corporation Releases Record Results: CVD Equipment Corporation of Ronkonkoma has reported record results for revenue, income and backlog for 2011. According to Business Wire, the company experienced a revenue increase of 122.1 percent for the three months and 93.1 percent for the sixth months ended June 30, 2011, with sales of $7,508,000 and $13,713,000, respectively.

Income for these same three- and six-month periods was $1,202,000 and $2,079,000, respectively, a dramatic increase from the $126,000 (three months) and $73,000 (six months) from the previous year. The company earned $778,000 net income for the three-month period and $1,466,000 for the sixth-month period ending June 30, 2011. This net income translated into earnings of $0.15 per share basic and $0.14 per share diluted (three months) and $0.29 per share basic and $0.28 per share diluted (six months). These results mark an improvement over the net loss of $30,000 and $0.00 per share, both basic and diluted, for the six-month period ended June 30, 2010.

CVD reported backlog for the period ended June 30, 2011 to be $22,208,000, a 376.2 percent increase from the year before. These results also indicate a 123.3 percent increase from the backlog reports of $9,944,000 announced in December 31, 2010. The company also received approximately $24,700,000 in new orders for the six-month period ended June 30, 2011.

Villa Lombardi’s Now Hosting Communion Events: Villa Lombardi’s of Holbrook announced that it will begin opening its doors to Communion celebrations on select Saturdays and Sundays in the spring of 2012. Those booking Communion events will be purchasing a dinner of Lombardi’s gourmet food, including specialty dishes such as Penne Filetto di Pomodoro, Chicken Francaise, Pork DiNola and Eggplant Rollatini. The pricing for Communion events is set at $40 per adult and $25 per child, which includes the buffet-style dinner, soft beverages, a dessert bar, dance floor and DJ entertainment. Call 631-471-6609 to reserve a date for a Communion celebration.

Have business news for this notebook or a story idea? Email Sachem Patch editor Chris Vaccaro at Chris@Patch.com, or Patch contributor Erin Rafferty at Erin.R.Rafferty@gmail.com.

Erin R. Rafferty August 17, 2011 at 01:59 PM
Update: The first dates reserved for Villa Lombardi's Communion Celebrations are April 12, 2012 from 3:00-7:00 PM and May 12, 2012 from 1:00-5:00 PM.

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