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Chicago Rivet & Machine Co. - $CVR STOCK NEWS

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Chicago Rivet & Machine Co. (CVR), founded in 1920 and headquartered in Naperville, Illinois, is a prominent player in the North American fastener industry.

Operating through two core segments—fasteners and assembly equipment—the company has built a strong reputation for manufacturing and selling high-quality products. The fastener segment specializes in rivets, cold-formed fasteners, parts, and screw machine products. These products are essential components in various manufacturing processes, particularly in the automobile and automotive component sectors. The assembly equipment segment focuses on producing automatic rivet setting machines and assembly equipment, along with the necessary parts and tools for these machines.

Chicago Rivet & Machine Co. sells its products primarily to automobile and automotive component manufacturers through independent sales representatives, ensuring a widespread reach across the industry. The company’s commitment to innovation and quality has cemented its position as a reliable supplier in the market.

Recent achievements underscore Chicago Rivet & Machine Co.'s financial vitality and ongoing projects. For instance, the company announced its second quarter results for 2023 on August 7, 2023, indicating steady performance. Similarly, updates for the third quarter of 2023 were shared on November 7, 2023, and the first quarter results for 2024 were disclosed on May 10, 2024.

With a focus on both product segments, the fastener segment remains the primary revenue generator, contributing significantly to the company’s overall earnings. Geographically, most of the revenue is derived from within the United States, highlighting the company’s strong domestic presence.

Chicago Rivet & Machine Co. continues to be an essential player in the fastener and assembly equipment industry, leveraging its decades of experience and technical expertise to serve a diverse customer base effectively.

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On May 14, 2024, the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten cents per share.

This dividend is payable on June 20, 2024, to shareholders who are recorded by the close of business on June 5, 2024.

More details can be found in the original content available on PR Newswire.

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Chicago Rivet & Machine Co. reported their first quarter 2024 results, showing a decrease in net sales, income before taxes, and net income compared to the same period in 2023. The company also experienced a decline in net income per common share. These results indicate a challenging quarter for the company.

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Chicago Rivet & Machine Co. released their audited results for 2023, showing a decrease in net sales compared to 2022. The company reported a significant loss before income taxes and a negative net income per common share.
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Chicago Rivet & Machine Co. (CVR) declares a regular quarterly dividend of 10 cents per share, payable on March 20, 2024, to shareholders of record on March 5, 2024.
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Chicago Rivet & Machine Co. (CVR) Declares Dividend of 10 Cents Per Share
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Chicago Rivet & Machine Co. (CVR) reports third quarter 2023 results, showing a decrease in net sales to $7,946,172 from $8,567,785 in 2022. The company also experienced a net loss of $964,042 compared to a net income of $3,579,060 in the same period last year. Income before income taxes also decreased from $4,621,060 to a loss of $1,215,042.
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Chicago Rivet & Machine Co. reduces quarterly cash dividend from $0.22 to $0.10 per share due to recent operating performance.
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Chicago Rivet & Machine Co. announces first quarter results of operations
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FAQ

What industry does Chicago Rivet & Machine Co. operate in?

Chicago Rivet & Machine Co. operates in the fastener industry in North America.

What are the two main segments of Chicago Rivet & Machine Co.?

The two main segments are fasteners and assembly equipment.

What products does the fastener segment manufacture?

The fastener segment manufactures rivets, cold-formed fasteners, parts, and screw machine products.

What does the assembly equipment segment produce?

The assembly equipment segment produces automatic rivet setting machines, automatic assembly equipment, and the necessary parts and tools for these machines.

Who are the primary customers of Chicago Rivet & Machine Co.?

The primary customers are automobile and automotive component manufacturers.

How does Chicago Rivet & Machine Co. distribute its products?

The company sells its products through independent sales representatives.

Where is Chicago Rivet & Machine Co. headquartered?

The company is headquartered in Naperville, Illinois.

When was Chicago Rivet & Machine Co. founded?

The company was founded in 1920.

Which segment generates the most revenue for the company?

The fastener segment generates the majority of the company’s revenue.

In which region does Chicago Rivet & Machine Co. generate most of its revenue?

The majority of the company’s revenue comes from the United States.

Chicago Rivet & Machine Co.

NYSE:CVR

CVR Rankings

CVR Stock Data

14.98M
785.08k
18.6%
20.28%
0.56%
Iron and Steel Forging
Manufacturing
Link
United States of America
NAPERVILLE