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. reports company updates tied to its North American fastener and assembly equipment businesses. The company manufactures and sells rivets, cold-formed fasteners, parts and screw machine products, and also produces automatic rivet setting machines, automatic assembly equipment, and related parts and tools.
Recurring CVR news centers on quarterly and year-end operating results, including net sales, income or loss, per-share results and average shares outstanding. Company announcements also include board-declared cash dividends and related commentary on profitability, cash requirements and financial condition.
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Chicago Rivet & Machine Co. (NYSE American: CVR) announced its audited results for the year 2022, reporting a net sales decrease to $33,646,033 from $33,974,558 in 2021. The company achieved an income before income taxes of 3,652,629, up from 1,414,472 the prior year. Net income rose significantly to 2,867,629, compared to 1,113,472 in 2021, resulting in a net income per common share of 2.97 versus 1.15 in 2021. Average common shares outstanding remained stable at 966,132.
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.
On August 15, 2022, Chicago Rivet & Machine Co. (NYSE American: CVR) announced a quarterly dividend of 22 cents per share. This dividend will be payable on September 20, 2022, to shareholders who are recorded as of the close of business on September 6, 2022. This declaration reflects the company’s commitment to returning value to its shareholders and demonstrates confidence in its ongoing operations.
Chicago Rivet & Machine Co. (CVR) reported Q2 2022 net sales of $9.02 million, a 7.9% increase from Q2 2021's $8.36 million. Year-to-date sales also rose to $18.22 million from $17.67 million in the prior year. However, the company's net income declined to $153,904 from $319,507 year-over-year, resulting in a reduction of earnings per share (EPS) from $0.33 to $0.16. Income before taxes dropped to $194,904 from $406,507, reflecting significant challenges despite higher sales.
On May 10, 2022, Chicago Rivet & Machine Co. (NYSE American: CVR) announced a quarterly dividend of 22 cents per share. The dividend is payable on June 20, 2022, to shareholders on record as of June 3, 2022. This quarterly payout reflects the company's commitment to returning value to its shareholders.