What is the net income per share for Chicago Rivet in Q1 2021?

The net income per common share for Chicago Rivet in Q1 2021 was $0.56.

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

Chicago Rivet & Machine Co. (CVR) reported a significant increase in its first quarter results for 2021.

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Rhea-AI Summary

Chicago Rivet & Machine Co. (CVR) reported a significant increase in its first quarter results for 2021. Net sales rose to $9,304,949 from $7,576,455 in 2020. Income before taxes also saw a dramatic increase to $690,128, compared to $71,568 in the previous year. Net income reached $540,128, resulting in a net income per share of $0.56 versus $0.06 in 2020. Average shares outstanding remained stable at 966,132.

Positive

Net sales increased by 23% from $7,576,455 in Q1 2020 to $9,304,949 in Q1 2021.
Income before taxes surged to $690,128, up from $71,568 year-over-year.
Net income rose from $56,568 in Q1 2020 to $540,128 in Q1 2021.
Net income per common share improved significantly from $0.06 to $0.56.

Negative

None.

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News Market Reaction – CVR

The recorded move for CVR in the trading session of this news was +2.71%.

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05/07/2021 - 04:45 PM EDT

NAPERVILLE, Ill., May 7, 2021 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the first quarter of 2021 as summarized below:

CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Three Months Ended March 31
	2021	2020
Net sales	$9,304,949	$7,576,455
Income before income taxes	690,128	71,568
Net income	540,128	56,568
Net income per common share	.56	.06
Average common shares outstanding	966,132	966,132

(All figures subject to year-end audit)

View original content:http://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-first-quarter-results-of-operations-301286867.html

SOURCE Chicago Rivet & Machine Co.

FAQ

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What were the first quarter 2021 net sales for Chicago Rivet & Machine Co. (CVR)?

The net sales for the first quarter of 2021 were $9,304,949.

How much did Chicago Rivet (CVR) earn before taxes in Q1 2021?

Chicago Rivet reported income before taxes of $690,128 in the first quarter of 2021.

How does the Q1 2021 net income of Chicago Rivet compare to Q1 2020?

The net income in Q1 2021 was $540,128, significantly higher than $56,568 in Q1 2020.

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