US Market News
3週前
CHICAGO RIVET & MACHINE CO. ANNOUNCES TEMPORARY SUSPENSION OF QUARTERLY DIVIDENDMay 14, 2026 5:03 PM
PR Newswire (US) WARRENVILLE, Ill., May 14, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors approved the temporary suspension of the Company's quarterly cash dividend.The decision was made following a comprehensive review of the Company's current operating environment, capital allocation priorities, and long-term strategic objectives, and reflects a deliberate and proactive step to allocate capital toward critical operational and growth initiatives. In particular, management is prioritizing the deployment of financial resources to focus on meeting expected current and future sales requirements, and investing in our sales efforts to drive revenue growth over the long term.The strategic rationale for the Board's decision focuses on the following objectives:Meeting Production Requirements: Redirecting cash flow to better utilize production capacity, and ensure timely fulfillment of existing and new customer orders.Building the Sales Pipeline: Launching new products that have been recently awarded to the Company, and investing in business development resources to strengthen the Company's pipeline of future opportunities.Positioning for Long-Term Growth: Enhancing the Company's ability to scale operations, improve operational efficiency, and capitalize on market demand. The Company remains focused on supporting its customers, investing in operational efficiencies, and executing initiatives designed to strengthen long-term shareholder value.The Board will continue to evaluate the Company's capital allocation strategy on an ongoing basis and intends to revisit the dividend policy as business conditions and growth objectives evolve.Forward-Looking StatementsThis discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include, those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors, include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-temporary-suspension-of-quarterly-dividend-302772922.htmlSOURCE Chicago Rivet & Machine Co. Original: CHICAGO RIVET & MACHINE CO. ANNOUNCES TEMPORARY SUSPENSION OF QUARTERLY DIVIDEND
US Market News
4週前
Chicago Rivet & Machine Co. Announces First Quarter Results of OperationsMay 8, 2026 6:30 PM
PR Newswire (US) WARRENVILLE, Ill., May 8, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the first quarter of 2026 as summarized below: CHICAGO RIVET & MACHINE CO.Summary of Consolidated Results of OperationsFor the Three Months Ended March 31
20262025Net sales$6,851,517$7,245,635Income (loss) before income taxes(379,658)421,381Net income (loss)(362,015)401,022Net income (loss) per common share(.37).42Average common shares outstanding966,132966,132
(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-302767377.htmlSOURCE Chicago Rivet & Machine Co. Original: Chicago Rivet & Machine Co. Announces First Quarter Results of Operations
US Market News
1月前
/C O R R E C T I O N -- Chicago Rivet & Machine Co./April 21, 2026 9:59 PM
PR Newswire (US)
In the news release, Chicago Rivet & Machine Co. Announces Year-End Results of Operations, issued 21-Apr-2026 by Chicago Rivet & Machine Co. over PR Newswire, we are advised by the company that an incorrect release was sent out which is a duplicate version of a release already distributed. The complete, corrected release follows:
Chicago Rivet and Machine Co. Announces Annual Meeting of Shareholders and Provides Update on its Annual Report Filing
WARRENVILLE, Ill., April 21, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) (the "Company") announces that its 2026 Annual Meeting of Shareholders will be held at the Sheraton Lisle Hotel, 3000 Warrenville Road, Lisle, Illinois, 60532 on Tuesday, May 12, 2026, at 10:00 AM (CDT). Meeting materials for the Annual Meeting of Shareholders were mailed to shareholders on or about April 7, 2026.The Company also announces that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2025 (the "10-K"), which was filed with the Securities and Exchange Commission on April 3, 2026, the Company's audited consolidated financial statements include an audit opinion from Cherry Bekaert LLP that contains a "going concern" qualification. See Note 11 to the Company's consolidated financial statements included in the 10-K for further information. This announcement is being made pursuant to NYSE American LLC Company Guide Section 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern qualification, and does not represent any change or amendment to the Company's financial statements for the year ended December 31, 2025, or its Annual Report on Form 10-K for the year ended December 31, 2025.Chicago Rivet & Machine Co. (the "Company") was incorporated under the laws of the State of Illinois in December 1927 as the successor to the business of Chicago Rivet & Specialty Co. The Company operates in the United States through two reportable segments, defined by the nature of their products. The Fastener segment includes the Company's wholly owned subsidiary, H&L Tool Company Inc., along with the Company's other fastener operations. This segment manufactures and sells rivets, cold formed fasteners and components, as well as screw machine products. The Assembly Equipment segment is primarily engaged in the manufacture of automatic rivet setting machines and related parts, components, and tools used in such machines.Forward-Looking StatementsThis discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-results-of-operations-302749418.htmlSOURCE Chicago Rivet & Machine Co.
Original: /C O R R E C T I O N -- Chicago Rivet & Machine Co./
US Market News
2月前
Chicago Rivet & Machine Co. Announces Year-End Results of OperationsApril 21, 2026 6:31 PM
PR Newswire (US)
WARRENVILLE, Ill., April 21, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2025 as summarized below:
CHICAGO RIVET & MACHINE CO.Summary of Consolidated Results of OperationsFor the Years Ended December 31
20252024Net sales$27,890,260$26,986,627Income (Loss) before income taxes(1,178,310)(5,043,388)Net income (Loss)(1,083,214)(5,615,614)Net income (Loss) per common share(1.12)(5.81)Average common shares outstanding966,132966,132
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-results-of-operations-302749418.htmlSOURCE Chicago Rivet & Machine Co.
Original: Chicago Rivet & Machine Co. Announces Year-End Results of Operations
US Market News
2月前
Chicago Rivet & Machine Co. Announces Year-End Results of OperationsMarch 24, 2026 5:00 PM
PR Newswire (US)
WARRENVILLE, Ill., March 24, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2025 as summarized below:
CHICAGO RIVET & MACHINE CO.Summary of Consolidated Results of OperationsFor the Years Ended December 31
20252024Net sales$27,890,260$26,986,627Income (Loss) before income taxes(1,178,310)(5,043,388)Net income (Loss)(1,083,214)(5,615,614)Net income (Loss) per common share(1.12)(5.81)Average common shares outstanding966,132966,132
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-results-of-operations-302723934.htmlSOURCE Chicago Rivet & Machine Co.
Original: Chicago Rivet & Machine Co. Announces Year-End Results of Operations
US Market News
3月前
/C O R R E C T I O N -- Chicago Rivet & Machine Co./February 24, 2026 1:41 PM
PR Newswire (US)
In the news release, CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND, issued 23-Feb-2026 by Chicago Rivet & Machine Co. over PR Newswire, we are advised by the company that there has been a change in the first sentence. The complete, corrected release follows:
CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND
WARRENVILLE, Ill., Feb. 23, 2026 /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, 2026, to all shareholders of record on March 6, 2026. 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.Forward-Looking StatementsThis discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include, those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors, include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302695081.htmlSOURCE Chicago Rivet & Machine Co.
Original: /C O R R E C T I O N -- Chicago Rivet & Machine Co./
US Market News
3月前
CHICAGO RIVET & MACHINE CO. DECLARES DIVIDENDFebruary 23, 2026 6:03 PM
PR Newswire (US)
WARRENVILLE, Ill., Feb. 23, 2026 /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, 2026, to all shareholders of record on March 6, 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.Forward-Looking StatementsThis discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include, those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors, include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302695081.htmlSOURCE Chicago Rivet & Machine Co.
Original: CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND
tdeck
8年前
As far as I see it, solid company, needs some vision for some growth, but, exactly how to go about it, I haven't thought of yet. I like it a lot @29 or so, and have set an alert for future dips. Nice solid money making play with a decent dividend, just stuck in the mud, but, may have a lot to do with ownership having done what they planned and saying ah, I am ok with it. Many stocks/co's like that, its a safe divie and company. Many especially overly conservative types like having 30-40% of their portfolio in just nice solid things they can count on.
Reminds me of SKAS and BUKS one has old man Trink and his family involved happy with the status quo at the moment, and BUKS the old man loves his casinos even though they are in the long run a dead end and far more trouble that they are worth in regards to getting them and keeping the players with a new casino opening up every 6 months, not really 6 months but you understand. I think they need to focus more on aircraft parts and going after more of those contracts and expanding but the old many wields to much power still.
Any insight you may have? Am I on the right track here or have my thoughts missed the mark?
Peace out.
Soapy Bubbles
15年前
Chicago Rivet & Machine Co. Announces Second Quarter Results of Operations.
Today : Tuesday 9 August 2011
Click Here for more Chicago Rivet & Machine Co. Common Stock Charts.
Chicago Rivet & Machine Co. (NYSE Amex, symbol: CVR) today announced results for the second quarter of 2011 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
2011
2010
2011
2010
Net sales
$ 8,134,104
$ 7,938,533
$15,948,472
$14,699,926
Income before income taxes
872,521
612,060
1,049,543
660,929
Net income
587,521
420,060
704,543
453,929
Net income per share
.61
.43
.73
.47
Average shares outstanding
966,132
966,132
966,132
966,132
(All figures subject to year-end audit)
SOURCE Chicago Rivet & Machine Co.
Soapy Bubbles
15年前
Chicago Rivet & Machine Co. (NYSE Amex, symbol: CVR) today announced audited results for the year 2010 as summarized below:
CHICAGO RIVET & MACHINE CO.
Summary of Consolidated Results of Operations
For the Years Ended December 31
2010
2009
Net sales
$28,520,510
$21,391,003
Income (loss) before income taxes
894,025
(1,959,751)
Net income (loss)
606,025
(1,282,751)
Net income (loss) per share
.63
(1.33)
Average shares outstanding
966,132
966,132
SOURCE Chicago Rivet & Machine Co.