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

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NAPERVILLE, Ill., Aug. 7, 2023 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the second quarter of 2023 as summarized below:

CHICAGO RIVET & MACHINE CO.

Summary of Consolidated Results of Operations

For the Three and Six Months Ended June 30


Second Quarter

First Six Months


2023

2022

2023

2022

Net sales

$8,050,931

$9,023,398

$16,780,656

$18,221,094

Income (loss) before income taxes

(1,665,506)

194,904

(2,402,643)

765,217

Net income (loss)

(1,311,506)

153,904

(1,894,643)

601,217

Net income (loss) per common share

(1.36)

.16

(1.96)

.62

Average common shares outstanding

966,132

966,132

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-second-quarter-results-of-operations-301895011.html

SOURCE Chicago Rivet & Machine Co.

Stock CVR logo
Chicago Rivet & Machine Co.

NYSE:CVR

CVR Rankings

#5250 Ranked by Market Cap
#4177 Ranked by Stock Gains
N/A Ranked by Dividends

CVR Latest News

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Aug 21, 2023
CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND

CVR Stock Data

15.48M
785.08k
18.6%
20.28%
0.56%
Iron and Steel Forging
Manufacturing
Link
United States of America
NAPERVILLE

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.