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Chicago Rivet & Machine Co. Announces Year-End Earnings

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Chicago Rivet & Machine Co. (CVR) reported its audited results for 2020, showing a notable decline in performance compared to 2019. Net sales fell to $27,590,653 from $32,873,002, while net income dropped significantly from $538,314 to $50,450. Income before income taxes also decreased to $65,450 from $683,314. The net income per share fell to $0.05, down from $0.56 in the previous year. The average shares outstanding remained constant at 966,132.

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  • Net sales decreased from $32,873,002 in 2019 to $27,590,653 in 2020.
  • Net income fell from $538,314 in 2019 to $50,450 in 2020.
  • Income before income taxes decreased from $683,314 in 2019 to $65,450 in 2020.
  • Net income per share dropped from $0.56 in 2019 to $0.05 in 2020.

NAPERVILLE, Ill., March 19, 2021 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2020 as summarized below:

CHICAGO RIVET & MACHINE CO.

Summary of Consolidated Results of Operations

For the Years Ended December 31


2020

2019

Net sales

$27,590,653

$32,873,002

Income before income taxes

65,450

683,314

Net income

50,450

538,314

Net income per common share

.05

.56

Average common shares outstanding

966,132

966,132

 

Cision View original content:http://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-earnings-301251211.html

SOURCE Chicago Rivet & Machine Co.

FAQ

What were Chicago Rivet & Machine Co.'s 2020 net sales?

Chicago Rivet & Machine Co. reported net sales of $27,590,653 for the year 2020.

How much did Chicago Rivet & Machine Co. earn in net income in 2020?

In 2020, Chicago Rivet & Machine Co. had a net income of $50,450.

What was the net income per share for Chicago Rivet & Machine Co. in 2020?

The net income per share for Chicago Rivet & Machine Co. in 2020 was $0.05.

What is the performance comparison of Chicago Rivet & Machine Co. between 2019 and 2020?

The performance of Chicago Rivet & Machine Co. saw significant declines in 2020 compared to 2019, with net sales and net income both decreasing sharply.

Chicago Rivet & Machine Co.

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Tools & Accessories
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United States of America
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