Chicago Rivet & Machine Co. Announces First Quarter Results of Operations
Rhea-AI Summary
Chicago Rivet & Machine Co. (NYSE American: CVR) has reported its Q1 2025 financial results, showing a significant turnaround in performance. The company's net sales reached $7.25 million, compared to $7.85 million in Q1 2024. Despite lower revenue, CVR achieved a notable improvement in profitability, posting net income of $401,022 ($0.42 per share), compared to a net loss of $698,004 (-$0.72 per share) in the same period last year. Income before taxes was $421,381, reversing the previous year's loss of $874,834.
Positive
- Significant turnaround with $401,022 net income vs $698,004 loss year-over-year
- Earnings per share improved to $0.42 from -$0.72 in Q1 2024
- Income before taxes of $421,381 vs loss of $874,834 in prior year
Negative
- Net sales declined 7.7% to $7.25M from $7.85M in Q1 2024
CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Three Months Ended March 31 | ||
2025 | 2024 | |
Net sales | ||
Income (loss) before income taxes | 421,381 | (874,834) |
Net income (loss) | 401,022 | (698,004) |
Net income (loss) per common share | .42 | (.72) |
Average common shares outstanding | 966,132 | 966,132 |
(All figures subject to year-end audit) | ||
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-first-quarter-results-of-operations-302450718.html
SOURCE Chicago Rivet & Machine Co.
FAQ
What were Chicago Rivet & Machine's (CVR) earnings per share in Q1 2025?
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