STOCK TITAN
  1. Home
  2. News
  3. CVR

Chicago Rivet & Machine Co. Announces First Quarter Results of Operations

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
earnings
Rhea-AI Summary
Chicago Rivet & Machine Co. announces first quarter results of operations
Positive
  • Net sales for the first quarter of 2023 were $8,729,725, a decrease of 5% compared to the same period last year. The company reported a net loss of $583,137, compared to a net income of $447,313 in the first quarter of 2022.
Negative
  • The company experienced a decrease in net sales and reported a net loss for the first quarter of 2023.

NAPERVILLE, Ill., May 8, 2023 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the first quarter of 2023 as summarized below:

CHICAGO RIVET & MACHINE CO.

Summary of Consolidated Results of Operations

For the Three Months Ended March 31


2023

2022

Net sales

$8,729,725

$9,197,696

Income (loss) before income taxes

(737,137)

570,313

Net income (loss)

(583,137)

447,313

Net income (loss) per common share

(.60)

.46

Average common shares outstanding

966,132

966,132




 (All figures subject to year-end audit)

 

Cision View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-first-quarter-results-of-operations-301818705.html

SOURCE Chicago Rivet & Machine Co.

The net sales for the first quarter of 2023 were $8,729,725.

The net income for the first quarter of 2022 was $447,313.

The company reported a net loss of $583,137 in the first quarter of 2023.
Stock CVR logo
Chicago Rivet & Machine Co.

NYSE:CVR

CVR Rankings

#5226 Ranked by Market Cap
#4177 Ranked by Stock Gains
N/A Ranked by Dividends

CVR Latest News

Mar 28, 2024
Chicago Rivet & Machine Co. Announces Year-End Results of Operations
Feb 19, 2024
CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND
Nov 20, 2023
CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND
Nov 7, 2023
Chicago Rivet & Machine Co. Announces Third Quarter Results of Operations
Aug 21, 2023
CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND

CVR Stock Data

Iron and Steel Forging
Manufacturing
Link
Producer Manufacturing, Metal Fabrication, Manufacturing, Iron and Steel Forging

About CVR

chicago rivet & machine co. operates in the fastener industry in north america. it operates in two segments, fasteners and assembly equipment. the fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. the assembly equipment segment primarily manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines. the company sells its products to automobile and automotive component manufacturers through independent sales representatives. chicago rivet & machine co. was founded in 1920 and is headquartered in naperville, illinois.