CVR earnings analysis
What we found in CVR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decrease in Q1 2026
- Total sales declined to $6,851,517 from $7,245,635 in Q1 2025, down 5.4%.
- 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.
- Margin Compression
- Gross margins contracted to $958,459 from $1,657,741 in the prior year, a 42.2% decline.
- Cost Reduction Efforts
- Selling and administrative expenses decreased by $247,517, or 15.6%, to $1,340,050, helping to offset some losses.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- Covenant Compliance Issues
- Company was not in compliance with financial covenants under the March 2025 Credit Agreement, although waivers were obtained.
- Weak Demand Conditions
- Weakened demand in the automotive sector continues to pose a risk, with a significant decrease in order volumes.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.37
- Gross margin
- 13.97%
- Operating margin
- -5.28%
- Segment
- Fastener
- Segment
- Assembly Equipment
What they said about what is next.
Management expects marginal improvement in production volumes later in 2026 but notes significant macroeconomic uncertainty.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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