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Chicago Rivet & Machine Co. - CVR STOCK NEWS

Welcome to our dedicated page for Chicago Rivet & Machine Co. news (Ticker: CVR), a resource for investors and traders seeking the latest updates and insights on Chicago Rivet & Machine Co. stock.

Chicago Rivet & Machine Co. (CVR), founded in 1920 and headquartered in Naperville, Illinois, is a prominent player in the North American fastener industry.

Operating through two core segments—fasteners and assembly equipment—the company has built a strong reputation for manufacturing and selling high-quality products. The fastener segment specializes in rivets, cold-formed fasteners, parts, and screw machine products. These products are essential components in various manufacturing processes, particularly in the automobile and automotive component sectors. The assembly equipment segment focuses on producing automatic rivet setting machines and assembly equipment, along with the necessary parts and tools for these machines.

Chicago Rivet & Machine Co. sells its products primarily to automobile and automotive component manufacturers through independent sales representatives, ensuring a widespread reach across the industry. The company’s commitment to innovation and quality has cemented its position as a reliable supplier in the market.

Recent achievements underscore Chicago Rivet & Machine Co.'s financial vitality and ongoing projects. For instance, the company announced its second quarter results for 2023 on August 7, 2023, indicating steady performance. Similarly, updates for the third quarter of 2023 were shared on November 7, 2023, and the first quarter results for 2024 were disclosed on May 10, 2024.

With a focus on both product segments, the fastener segment remains the primary revenue generator, contributing significantly to the company’s overall earnings. Geographically, most of the revenue is derived from within the United States, highlighting the company’s strong domestic presence.

Chicago Rivet & Machine Co. continues to be an essential player in the fastener and assembly equipment industry, leveraging its decades of experience and technical expertise to serve a diverse customer base effectively.

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Chicago Rivet & Machine Co. announces first quarter results of operations
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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.

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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.

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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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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.

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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.

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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.

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Chicago Rivet & Machine Co. (NYSE American: CVR) reported its Q1 2022 financial results on May 6, 2022. The company achieved net sales of $9,197,696, a slight decrease from $9,304,949 in Q1 2021. Income before income taxes fell to $570,313 from $690,128 year-over-year. Net income also declined to $447,313, compared to $540,128 in the previous year. Earnings per share decreased from $.56 to $.46.

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Chicago Rivet & Machine Co. (CVR) reported its audited results for 2021, showcasing significant growth. The company achieved net sales of $33.97 million, up from $27.59 million in 2020. Notably, net income surged to $1.11 million compared to $50,450 the previous year, resulting in a net income per share of $1.15, up from $0.05. The average common shares outstanding remained stable at 966,132. This performance indicates a robust recovery and enhanced profitability for CVR.

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FAQ

What is the current stock price of Chicago Rivet & Machine Co. (CVR)?

The current stock price of Chicago Rivet & Machine Co. (CVR) is $19.23 as of November 4, 2024.

What is the market cap of Chicago Rivet & Machine Co. (CVR)?

The market cap of Chicago Rivet & Machine Co. (CVR) is approximately 18.6M.

What industry does Chicago Rivet & Machine Co. operate in?

Chicago Rivet & Machine Co. operates in the fastener industry in North America.

What are the two main segments of Chicago Rivet & Machine Co.?

The two main segments are fasteners and assembly equipment.

What products does the fastener segment manufacture?

The fastener segment manufactures rivets, cold-formed fasteners, parts, and screw machine products.

What does the assembly equipment segment produce?

The assembly equipment segment produces automatic rivet setting machines, automatic assembly equipment, and the necessary parts and tools for these machines.

Who are the primary customers of Chicago Rivet & Machine Co.?

The primary customers are automobile and automotive component manufacturers.

How does Chicago Rivet & Machine Co. distribute its products?

The company sells its products through independent sales representatives.

Where is Chicago Rivet & Machine Co. headquartered?

The company is headquartered in Naperville, Illinois.

When was Chicago Rivet & Machine Co. founded?

The company was founded in 1920.

Which segment generates the most revenue for the company?

The fastener segment generates the majority of the company’s revenue.

In which region does Chicago Rivet & Machine Co. generate most of its revenue?

The majority of the company’s revenue comes from the United States.

Chicago Rivet & Machine Co.

AMEX:CVR

CVR Rankings

CVR Stock Data

18.57M
970.00k
24.61%
19.12%
0.56%
Tools & Accessories
Metalworkg Machinery & Equipment
Link
United States of America
NAPERVILLE