10-K · March 24, 2026
Chicago Rivet & Machine Co. (CVR) reported modest revenue growth to $27,890,260 in 2025 while materially narrowing its net loss to $1,083,214 (loss per share $1.12) versus a $5,615,614 loss in 2024. Management is…
Earnings analysis · 10-Q
CVR earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
CVR reported Q1 2026 financials showing a decline in revenue and profitability compared to Q1 2025, with revenue decreasing by 5.4% to $6.85 million and a net loss of $362,015, translating to an EPS of -$0.37. The…
Read full summary
CVR reported Q1 2026 financials showing a decline in revenue and profitability compared to Q1 2025, with revenue decreasing by 5.4% to $6.85 million and a net loss of $362,015, translating to an EPS of -$0.37. The company is facing ongoing challenges, including lower demand in the automotive sector and elevated economic uncertainties, impacting sales volumes and profit margins.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.37
- Segment
- Fastener
- Segment
- Assembly Equipment
What stood out
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Revenue Decrease in Q1 2026
Total sales declined to $6,851,517 from $7,245,635 in Q1 2025, down 5.4%.
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Significant Net Loss
Net loss was $362,015, or -$0.37 EPS, compared to net income of $401,022, or $0.42 EPS in Q1 2025.
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Margin Compression
Gross margins contracted to $958,459 from $1,657,741 in the prior year, a 42.2% decline.
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Cost Reduction Efforts
Selling and administrative expenses decreased by $247,517, or 15.6%, to $1,340,050, helping to offset some losses.
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Working Capital Contraction
Working capital fell to $9,480,063 from $9,894,317 at the start of the year, down 4.2%.
-
Segment Sales Weakness
Fastener segment sales declined 5.9% to $5,798,618, attributed to lower demand in the automotive market.
What to watch
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Going Concern Doubts
Substantial doubt exists regarding the company's ability to continue as a going concern, exacerbated by recurring operating losses and negative cash flow.
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Covenant Compliance Issues
Company was not in compliance with financial covenants under the March 2025 Credit Agreement, although waivers were obtained.
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Weak Demand Conditions
Weakened demand in the automotive sector continues to pose a risk, with a significant decrease in order volumes.
Management's outlook
Management expects marginal improvement in production volumes later in 2026 but notes significant macroeconomic uncertainty.
Earlier filings 4
10-Q · August 8, 2025
Chicago Rivet reported Q2 2025 net sales of $7,298,077, down from $8,059,477 in Q2 2024, producing a gross profit of $975,062 (13.4% margin) and an operating loss of $(417,431). Diluted EPS was $(0.41) versus $0.15 a…
10-Q · May 9, 2025
Chicago Rivet reported Q1 net sales of $7,245,635 and GAAP net income of $401,022 (diluted EPS $0.42), reversing a year‑ago loss of $(698,004) (EPS $(0.72)). Gross profit expanded to $1,657,741 (22.9% margin) versus…
10-K · March 28, 2025
Chicago Rivet & Machine Co. reported 2024 net sales of $26.99M (down 14% YoY) and a net loss of $5.62M (loss per share $5.81), while reporting a positive gross profit of $1.06M and operational actions (facility…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.