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. (CVR) is a Naperville, Illinois-based manufacturer of rivets, cold-formed fasteners, and assembly equipment serving the automotive industry. This news feed tracks developments affecting the company and its position in the automotive supply chain.
As a fastener manufacturer supplying automobile and automotive component manufacturers, Chicago Rivet's business closely follows automotive production cycles. News coverage typically includes quarterly earnings reports that detail performance across the Fasteners and Assembly Equipment segments, dividend announcements reflecting shareholder distributions, and developments in the automotive manufacturing sector that affect demand for the company's products.
The company's dual-segment structure means news may address consumable fastener products, capital equipment orders, or both. Investors and industry observers monitoring Chicago Rivet follow developments related to automotive production volumes, supply chain dynamics affecting component suppliers, and the company's financial performance across its business divisions.
Bookmark this page to receive updates on Chicago Rivet & Machine Co. earnings, dividends, and business developments as they are announced.
Chicago Rivet & Machine Co. (NYSE American: CVR) announced its audited results for the year 2022, reporting a net sales decrease to
On February 20, 2023, the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) announced a quarterly dividend of 22 cents per share. This dividend is scheduled for payment on March 20, 2023, to shareholders on record as of March 3, 2023. This declaration reinforces the company's commitment to returning value to its shareholders and demonstrates ongoing financial stability.
Chicago Rivet & Machine Co. (CVR) reported financial results for Q3 2022, showcasing net sales of $8.57 million, a slight increase from $8.56 million in Q3 2021. The company generated $4.62 million in income before taxes, significantly up from $207,659 the previous year. Net income rose to $3.58 million, compared to $172,659 in Q3 2021, yielding a net income per share of $3.71. Year-to-date, sales totaled $26.79 million, up from $26.23 million in 2021, while net income for the nine months reached $4.18 million.
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