PR Newswire
WARRENVILLE, Ill., Aug. 8, 2025 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the second quarter of 2025 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Three and Six Months Ended June 30
Second Quarter
First Six Months
2025
2024
2025
2024
Net sales
$7,298,077
$8,059,477
$14,543,712
$15,912,658
Income (loss) before income taxes
(415,048)
153,514
6,333
(721,320)
Net income (loss)
(394,980)
142,141
6,042
(555,863)
Net income (loss) per common share
(0.41)
0.15
0.01
(.58)
Average common shares outstanding
966,132
966,132
966,132
966,132
(All figures subject to year-end audit)
WARRENVILLE, Ill., May 13, 2025 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share payable June 20, 2025, to all shareholders of record on June 5, 2025.
With respect to the payment of future dividends, the Board of Directors will continue to consider the Company's current profitability, the outlook for long-term profitability, known and potential cash requirements, and the overall financial condition of the Company, and any dividend declared will be solely at the discretion of the Board of Directors.
WARRENVILLE, Ill., May 9, 2025 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the first quarter of 2025 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Three Months Ended March 31
2025
2024
Net sales
$7,245,635
$7,853,181
Income (loss) before income taxes
421,381
(874,834)
Net income (loss)
401,022
(698,004)
Net income (loss) per common share
.42
(.72)
Average common shares outstanding
966,132
966,132
(All figures subject to year-end audit)
CHICAGO, May 1, 2025 /PRNewswire/ -- On May 1, 2025, Chicago Rivet & Machine Co. (the "Company") announced that James T. Tanner has been appointed as the Company's Senior Vice President of Sales and Marketing, effective immediately. Mr. Tanner replaces Bill Stlaske, who departed the Company earlier in 2025.
Mr. Tanner, age 56, brings over 30 years of sales and leadership experience in the manufacturing industry. He has held executive positions at Bosch, MacLean-Fogg, KSR International, and Speedgrip Chuck Co., with expertise in revenue generation, corporate branding, and key account management. Mr. Tanner holds a Bachelor of Science degree in Electrical Engineering from Lawrence Technological University and has more than a decade of experience in the fastener industry.
NAPERVILLE, Ill., March 28, 2025 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2024 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Years Ended December 31
2024
2023
Net sales
$26,986,627
$31,507,722
Income (Loss) before income taxes
(5,043,388)
(5,729,012)
Net income (Loss)
(5,615,614)
(4,401,584)
Net income (Loss) per common share
(5.81)
(4.56)
Average common shares outstanding
966,132
966,132
NAPERVILLE, Ill., Feb. 14, 2025 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share payable March 20, 2025, to all shareholders of record on March 5, 2025.
With respect to the payment of future dividends, the Board of Directors will continue to consider the Company's current profitability, the outlook for long-term profitability, known and potential cash requirements, and the overall financial condition of the Company, and any dividend declared will be solely at the discretion of the Board of Directors.
NAPERVILLE, Ill., Nov. 18, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share payable December 20, 2024, to all shareholders of record on December 5, 2024. This is a $0.07 per share reduction from the $0.10 per share quarterly cash dividend that the Company has declared and paid in recent quarters.
The Company stated that while its financial position remains sound, the Board of Directors determined that the reduction in the dividend was prudent given the Company's recent operating performance. As previously disclosed, the Company has been implementing multiple initiatives to improve performance that have led to year-over-year performance improvement. These include price adjustments with our customers and cost reduction projects, including the previously disclosed consolidation of the Albia, Iowa operation into the Tyrone, Pennsylvania operation.
NAPERVILLE, Ill., Nov. 12, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the third quarter of 2024 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Three and Nine Months Ended September 30
Third Quarter
First Nine Months
2024
2023
2024
2023
Net sales
$6,969,921
$7,946,172
$22,882,579
$24,726,828
Income (loss) before income taxes
(795,425)
(1,215,042)
(1,516,745)
(3,617,685)
Net income (loss)
(1,446,621)
(964,042)
(2,002,484)
(2,858,685)
Net income (loss) per common share
(1.50)
(1.00)
(2.07)
(2.96)
Average common shares outstanding
966,132
966,132
966,132
966,132
(All figures subject to year-end audit)
NAPERVILLE, Ill., Aug. 19, 2024 /PRNewswire/ -- On August 19, 2024 the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten (10) cents per share, payable September 20, 2024 to shareholders of record at the close of business on September 5, 2024.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302225506.html
SOURCE Chicago Rivet & Machine Co.
NAPERVILLE, Ill., Aug. 13, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the second quarter of 2024 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Three and Six Months Ended June 30
Second Quarter
First Six Months
2024
2023
2024
2023
Net sales
$8,059,477
$8,050,931
$15,912,658
$16,780,656
Income (loss) before income taxes
153,514
(1,665,506)
(721,320)
(2,402,643)
Net income (loss)
142,141
(1,311,506)
(555,863)
(1,894,643)
Net income (loss) per common share
0.15
(1.36)
(0.58)
(1.96)
Average common shares outstanding
966,132
966,132
966,132
966,132
NAPERVILLE, Ill., May 14, 2024 /PRNewswire/ -- On May 14, 2024 the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten (10) cents per share, payable June 20, 2024 to shareholders of record at the close of business on June 5, 2024.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302145306.html
SOURCE Chicago Rivet & Machine Co.
NAPERVILLE, Ill., May 10, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the first quarter of 2024 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Three Months Ended March 31
2024
2023
Net sales
$7,853,181
$8,729,725
Income (loss) before income taxes
(874,834)
(737,137)
Net income (loss)
(698,004)
(583,137)
Net income (loss) per common share
(.72)
(.60)
Average common shares outstanding
966,132
966,132
(All figures subject to year-end audit)
NAPERVILLE, Ill., March 28, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2023 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Years Ended December 31
2023
2022
Net sales
$31,507,722
$33,646,033
Income (Loss) before income taxes
(5,729,012)
3,652,629
Net income (Loss)
(4,401,584)
2,867,629
Net income (Loss) per common share
(4.56)
2.97
Average common shares outstanding
966,132
966,132
NAPERVILLE, Ill., Feb. 19, 2024 /PRNewswire/ -- On February 19, 2024 the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten (10) cents per share, payable March 20, 2024 to shareholders of record at the close of business on March 5, 2024.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302065270.html
SOURCE Chicago Rivet & Machine Co.
NAPERVILLE, Ill., Nov. 20, 2023 /PRNewswire/ -- On November 20, 2023 the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten (10) cents per share, payable December 20, 2023 to shareholders of record at the close of business on December 5, 2023.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-301993905.html
SOURCE Chicago Rivet & Machine Co.
NAPERVILLE, Ill., Nov. 7, 2023 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the third quarter of 2023 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Three and Nine Months Ended September 30
Third Quarter
First Nine Months
2023
2022
2023
2022
Net sales
$7,946,172
$8,567,785
$24,726,828
$26,788,879
Income (loss) before income taxes
(1,215,042)
4,621,060
(3,617,685)
5,386,277
Net income (loss)
(964,042)
3,579,060
(2,858,685)
4,180,277
Net income (loss) per common share
(1.00)
3.71
(2.96)
4.33
Average common shares outstanding
966,132
966,132
966,132
966,132
(All figures subject to year-end audit)
NAPERVILLE, Ill., Aug. 21, 2023 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share payable September 20, 2023 to all shareholders of record on September 5, 2023. This is a $0.12 per share reduction from the $0.22 per share quarterly cash dividend that the Company has declared and paid in recent quarters.
The Company stated that while its financial condition remains sound, the Board of Directors determined that the reduction in the dividend was prudent given the Company's recent operating performance. As previously disclosed, the Company is working on implementing initiatives to improve performance. In particular, the Company is reviewing and seeking to adjust pricing in light of higher operating costs related to the current economic and labor market environment and has made investments in equipment to improve operating efficiency. The Company also intends to invest in strategic human resources to help lead efforts to improve the Company's performance. In addition, the Company will pursue opportunities to develop new customer relationships and build on existing ones in all markets served.
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