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Chicago Rivet & Machine Co. Announces Year-End Earnings

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NAPERVILLE, Ill., March 29, 2023 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2022 as summarized below:

CHICAGO RIVET & MACHINE CO.

Summary of Consolidated Results of Operations

For the Years Ended December 31


2022

2021

Net sales

$33,646,033

$33,974,558

Income before income taxes

3,652,629

1,414,472

Net income

2,867,629

1,113,472

Net income per common share

2.97

1.15

Average common shares outstanding     

966,132

966,132

 

Cision View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-earnings-301785144.html

SOURCE Chicago Rivet & Machine Co.

Chicago Rivet & Machine Co.

NYSE:CVR

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Iron and Steel Forging
Manufacturing
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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.