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Chicago Rivet & Machine Co (CVR) delivers essential fastening solutions and assembly equipment to automotive and industrial sectors. This news hub provides investors with comprehensive updates on operational developments, financial performance, and strategic initiatives impacting this established manufacturer.
Access real-time announcements including quarterly earnings disclosures, production facility expansions, and leadership updates. Our curated feed ensures efficient tracking of material events affecting CVR's position in industrial fastener markets and automated assembly systems.
Key updates cover product line enhancements, supply chain developments, and manufacturing innovations. Investors will find critical information about capital investments, customer contract milestones, and industry compliance updates relevant to evaluating CVR's market performance.
Bookmark this page for streamlined monitoring of Chicago Rivet's progress in maintaining its 100+ year legacy as a precision manufacturing partner. Return regularly for unfiltered access to corporate communications and market-moving announcements directly from the source.
Chicago Rivet & Machine Co. (NYSE American: CVR) has released its financial results for the second quarter of 2024. The company reported net sales of $8,059,477 for Q2 2024, slightly up from $8,050,931 in Q2 2023. Notably, CVR achieved an income before taxes of $153,514 in Q2 2024, a significant improvement from a loss of $1,665,506 in the same period last year. The company's net income for Q2 2024 was $142,141, translating to earnings per share of $0.15. This marks a substantial turnaround from the net loss of $1,311,506 and loss per share of $1.36 in Q2 2023. However, for the first six months of 2024, CVR still reported a net loss of $555,863, though this represents an improvement from the $1,894,643 loss in the first half of 2023.
On May 14, 2024, the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten cents per share.
This dividend is payable on June 20, 2024, to shareholders who are recorded by the close of business on June 5, 2024.
More details can be found in the original content available on PR Newswire.
Chicago Rivet & Machine Co. reported their first quarter 2024 results, showing a decrease in net sales, income before taxes, and net income compared to the same period in 2023. The company also experienced a decline in net income per common share. These results indicate a challenging quarter for the company.
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