Welcome to our dedicated page for Chicago Rivet news (Ticker: CVR), a resource for investors and traders seeking the latest updates and insights on Chicago Rivet stock.
Chicago Rivet & Machine Co. (NYSE American: CVR) is a manufacturing company in the fastener industry, with operations classified in the iron and steel forging sector. The company publicly reports on its performance through quarterly results of operations and dividend announcements, which form the core of the news flow investors can review.
News about Chicago Rivet & Machine Co. often includes summaries of consolidated results of operations, covering net sales, income or loss before income taxes, net income or loss, and net income or loss per common share for recent quarters. These releases provide snapshots of how its fastener and assembly equipment activities translate into financial performance over three-month and year-to-date periods.
The company also issues dividend declarations. In 2025, its Board of Directors declared quarterly cash dividends of $0.03 per share on multiple occasions, with details on payable dates and shareholder record dates. Each dividend announcement reiterates that future dividends will depend on profitability, long-term outlook, cash requirements, and overall financial condition, and that any dividend is at the Board’s discretion.
By following Chicago Rivet & Machine Co. news, readers can track how the company’s manufacturing operations in rivets, cold-formed fasteners, screw machine products, and assembly equipment relate to its reported net sales, profitability, and dividend policy. This page aggregates such press releases so that investors and observers can review earnings updates and dividend decisions in one place and compare trends over multiple reporting periods.
Chicago Rivet & Machine Co. (NYSE American: CVR) has reported its second quarter 2025 financial results, showing mixed performance. The company's net sales decreased to $7.3 million in Q2 2025, down from $8.1 million in Q2 2024. The company recorded a net loss of $395,000 ($0.41 per share) in Q2 2025, compared to a net income of $142,141 ($0.15 per share) in Q2 2024.
For the first six months of 2025, CVR posted a slight net income of $6,042 ($0.01 per share), an improvement from a net loss of $555,863 ($0.58 per share) in the same period of 2024. Total revenue for the first half reached $14.5 million, down from $15.9 million in the previous year.
Chicago Rivet & Machine Co. (NYSE American: CVR) has announced a quarterly cash dividend of $0.03 per share. The dividend will be payable on June 20, 2025, to shareholders of record as of June 5, 2025. The Board of Directors emphasized that future dividend decisions will be based on various factors including current profitability, long-term profitability outlook, potential cash requirements, and the company's overall financial condition.
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.
Chicago Rivet & Machine (CVR) has appointed James T. Tanner as Senior Vice President of Sales and Marketing, effective May 1, 2025. Tanner, 56, replaces Bill Stlaske, who left the company earlier in 2025. With over 30 years of sales and leadership experience in manufacturing, Tanner has held executive positions at Bosch, MacLean-Fogg, KSR International, and Speedgrip Chuck. He brings expertise in revenue generation, corporate branding, and key account management, along with more than a decade of experience in the fastener industry. Tanner holds a BS in Electrical Engineering from Lawrence Technological University.
Chicago Rivet & Machine (NYSE American: CVR) released its audited financial results for the year 2024 on March 28, 2025. The company, based in Naperville, Illinois, made the announcement through a press release, though specific financial figures and performance metrics were not disclosed in the release.
Chicago Rivet & Machine (NYSE American: CVR) has announced a quarterly cash dividend of $0.03 per share, payable on March 20, 2025, to shareholders of record as of March 5, 2025. The Board of Directors will determine future dividend payments based on several key factors, including:
- Current and long-term profitability
- Known and potential cash requirements
- Overall financial condition of the company
The company acknowledges various risk factors that could impact its business, including domestic automotive industry conditions, market competition, customer concentration, raw material costs, supply chain disruptions, and labor relations.
Chicago Rivet & Machine (NYSE American: CVR) has announced a quarterly cash dividend reduction to $0.03 per share from the previous $0.10, payable December 20, 2024, to shareholders of record on December 5, 2024. Despite maintaining a sound financial position, the company cited recent operating performance as the reason for the dividend cut. The company faces significant challenges, particularly reduced demand from automotive customers, expected to continue into 2025. While implementing performance improvement initiatives including price adjustments and operational consolidation, the company is actively pursuing new customer relationships across its markets.
Chicago Rivet & Machine (NYSE American: CVR) reported its Q3 2024 financial results. Net sales decreased to $6.97 million from $7.95 million in Q3 2023. The company's loss before income taxes improved to $795,425 compared to a loss of $1.22 million in the same period last year. However, net loss widened to $1.45 million ($1.50 per share) from $964,042 ($1.00 per share) in Q3 2023. For the first nine months of 2024, net sales were $22.88 million, down from $24.73 million, while net loss improved to $2.00 million from $2.86 million year-over-year.
Chicago Rivet & Machine Co. (NYSE American: CVR) has announced a regular quarterly dividend of $0.10 per share. The dividend was declared by the Board of Directors on August 19, 2024. Shareholders of record at the close of business on September 5, 2024 will be eligible to receive the dividend, which is payable on September 20, 2024. This announcement demonstrates the company's commitment to providing consistent returns to its shareholders, maintaining its dividend policy despite current market conditions.
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.