Chicago Rivet & Machine Co. Announces First Quarter Results of Operations
Rhea-AI Summary
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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Decrease in net sales from $8,729,725 in 2023 to $7,853,181 in 2024.
Income before income taxes decreased from a loss of $737,137 in 2023 to a loss of $874,834 in 2024.
Net income dropped from a loss of $583,137 in 2023 to a loss of $698,004 in 2024.
Net income per common share decreased from $0.60 in 2023 to $0.72 in 2024.
News Market Reaction
On the day this news was published, CVR declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Three Months Ended March 31 | ||
2024 | 2023 | |
Net sales | ||
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) | ||
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-first-quarter-results-of-operations-302142696.html
SOURCE Chicago Rivet & Machine Co.
