Chicago Rivet & Machine Co. Reports Improved Earnings
Chicago Rivet & Machine Co. reported improved Q3 earnings with net sales of $7.36 million, a 5.6% increase from 2024, driven by higher automotive orders. Gross profit rose 91.3% to $1.33 million. Despite a 4.3% year-over-year sales decline for the nine months ending September 30, 2025, gross profit increased by 38.8%. The company returned to profitability with a net income of $67,572, recovering from a $1.45 million loss in 2024.
Chicago Rivet & Machine ( (CVR) ) has released its Q3 earnings. Here is a breakdown of the information Chicago Rivet & Machine presented to its investors.
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Chicago Rivet & Machine Co., a manufacturer in the fastener industry, produces rivets, cold-formed fasteners, screw machine products, and automatic rivet setting machines. In its latest earnings report for the quarter ending September 30, 2025, the company highlighted a notable improvement in financial performance compared to the previous year. The company reported net sales of $7.36 million, a 5.6% increase from the same period in 2024, driven by higher order volumes from automotive customers. Gross profit surged by 91.3% to $1.33 million, reflecting a favorable product mix and operational efficiencies. For the nine months ending September 30, 2025, net sales were slightly down by 4.3% year-over-year, but gross profit increased by 38.8% due to price adjustments and cost containment efforts. The company returned to profitability with a net income of $67,572 for the quarter, a significant turnaround from the $1.45 million loss in the same quarter of 2024. Looking ahead, Chicago Rivet & Machine Co. remains focused on enhancing liquidity and operational efficiency to navigate ongoing industry challenges.
