Chicago Rivet and Machine Co (CVR) |
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Price: $19.2250
$0.47
2.506%
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Day's High:
| $19.225
| Week Perf:
| 7.13 %
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Day's Low: |
$ 18.71 |
30 Day Perf: |
5.4 % |
Volume (M): |
2 |
52 Wk High: |
$ 21.19 |
Volume (M$): |
$ 44 |
52 Wk Avg: |
$16.56 |
Open: |
$18.72 |
52 Wk Low: |
$13.81 |
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Market Capitalization (Millions $) |
19 |
Shares
Outstanding (Millions) |
1 |
Employees |
234 |
Revenues (TTM) (Millions $) |
31 |
Net Income (TTM) (Millions $) |
-5 |
Cash Flow (TTM) (Millions $) |
-1 |
Capital Exp. (TTM) (Millions $) |
1 |
Chicago Rivet And Machine Co
Chicago Rivet & Machine Co. was incorporated under the laws of the State
of Illinois in December 1927, as successor to the business of Chicago Rivet
& Specialty Co. The Company operates in two segments of the fastener industry:
fasteners and assembly equipment. The fastener segment consists of the manufacture
and sale of rivets, cold-formed fasteners and parts and screw machine products.
The assembly equipment segment consists primarily of the manufacture of automatic
rivet setting machines, automatic assembly equipment and parts and tools for
such machines.
The principal market for the Company’s products is the North American
automotive industry. Sales are solicited by employees and by independent sales
representatives.
The segments in which the Company operates are characterized by active and substantial
competition. No single company dominates the industry. The Company’s competitors
include both larger and smaller manufacturers, and segments or divisions of
large, diversified companies with substantial financial resources. Principal
competitive factors in the market for the Company’s products are price,
quality and service.
The Company serves a variety of customers. Revenues are primarily derived from
sales to customers involved, directly or indirectly, in the manufacture of automobiles
and automotive components. Information concerning backlog of orders is not considered
material to the understanding of the Company’s business due to relatively
short production cycles. The level of business activity for the Company is closely
related to the overall level of industrial activity in the United States.
The Company’s business has historically been stronger during the first
half of the year.
The Company purchases raw material from a number of sources, primarily within
the United States. There are numerous sources of raw material, and the Company
does not have to rely on a single source for any of its requirements.
Patents, trademarks, licenses, franchises and concessions are not of significant
importance to the business of the Company.
The Company does not engage in significant research activities, but rather in
ongoing product improvement and development. The amounts spent on product development
activities in the last two years were not material.
Demand for our products is directly related to conditions in the domestic automotive
industry, which is highly cyclical and is affected by a variety of factors,
including regulatory requirements, international trade policies, and consumer
spending and preferences. The domestic automotive industry is characterized
by fierce competition, and has undergone major restructuring in recent years
in response to overcapacity, narrowing profit margins, significant pension and
health care liabilities and excess debt.
Company Address: 901 Frontenac Road Naperville 60563 IL
Company Phone Number: 357-8500 Stock Exchange / Ticker: NYSEAMER CVR
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Stock Performances by Major Competitors |
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Chicago Rivet And Machine Co
Chicago Rivet And Machine Co, a leading manufacturer of rivets and fasteners, recently reported its first quarter earnings for 2024. The company experienced a wider deficit of $-0.72 per share compared to $-0.60 per share in the same period a year ago. However, there was some positive news as well, with income per share improving from $-1.60 to a more manageable figure. Despite this improvement in income per share, the company's revenue took a hit, receding by -10.041% to $7.85 million from $8.73 million in the comparable reporting period a year ago. On a more positive note, revenue did show improvement sequentially, increasing by 15.813% from $6.78 million. The net shortfall for the first quarter of 2024 was $-0.698 million, compared to $-0.583 million in the previous year. This indicates that Chicago Rivet And Machine Co is facing some challenges in terms of managing its expenses and generating consistent revenue. In terms of stock performance, Chicago Rivet And Machine Co saw a slight improvement of 0.19% in the past 3 months. However, in the preceding 30 days, CVR stock dropped by -5.76%. Currently, the stock is trading only 8.8% above its 52-week low, indicating that investors may have some concerns about the company's future prospects.
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Chicago Rivet And Machine Co
Financial fourth quarter of 2023 proved to be challenging for Chicago Rivet And Machine Co, as declining business led to a deficit in their financials. The company's revenue fell by -1.112% to $6.78 million compared to the previous year's financial reporting period. The shortfall per share also worsened, reaching $-1.60, as opposed to $-1.36 per share reported in the same period a year before. This decline in financial performance can be further highlighted when compared to the preceding financial reporting period. The shortfall per share increased from $-1.00 to $-1.60, indicating a larger deficit. Additionally, revenue deteriorated significantly by -14.665% from $7.95 million. In the financial fourth quarter of 2023, Chicago Rivet And Machine Co experienced a net shortfall of $-1.543 million, surpassing the $-1.313 million reported a year ago. The current level of inventories at Chicago Rivet And Machine Co is a crucial indicator of future demand. Unfortunately, inventories have declined to $7.3 million, both from the previous quarter and compared to the same period a year before. This decline may suggest a reduction in demand for the company's products. Furthermore, the level of accounts receivable has also decreased to $4.3 million. Analysts speculate that this decrease may be attributable to slowing demand in the market.
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Chicago Rivet And Machine Co
Financial News Report: Chicago Rivet And Machine Co Faces Diminishing Revenue and Higher Shortfall Chicago Rivet And Machine Co, an Industrial Machinery and Components company, experienced a lower demand in the July to September 30, 2023 period, resulting in diminishing revenue and a higher shortfall. The company's deficit extended to $-1.00 per share, while revenue dropped by -7.255% to $7.95 million year-on-year. In the previous reporting period, the company realized revenue of $8.05 million and a bottom line of $-1.36 per share. The net shortfall for Chicago Rivet And Machine Co in the July to September 30, 2023 period was $-0.964 million, in contrast to net proceeds of $3.579 million booked in the comparable reporting period a year before. This significant difference indicates a challenging year for the company, as it saw a decline in demand and revenue.
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Chicago Rivet And Machine Co
Chicago Rivet And Machine Co, a manufacturing company, has experienced a decline in its stock performance during the past 7 days and year to date. In addition, the financial results for the April to June 30, 2023 interval presented some concerning figures. This article aims to interpret these results and speculate on their potential impact on the company moving forward. 1. Declining Stock Performance: During the past 7 days, Chicago Rivet And Machine Co's stock declined by -4.65%, contributing to a year to date performance of -12.35%. This indicates a less favorable sentiment among investors. However, it is worth noting that the stock still trades 6.6% above its 52-week low, suggesting some resilience despite recent setbacks.
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Chicago Rivet And Machine Co
The stock market can be a fickle beast, with returns rising and falling on the back of a myriad of factors. That's why it's always exciting to see a company like Chicago Rivet And Machine Co making waves with its latest financial figures. In the first quarter of 2023, Chicago Rivet And Machine Co achieved a return on asset (ROA) of 5.26%. While this is slightly below the company's average ROA of 5.39%, it's still an impressive result. What's more, despite a decline in ROA compared to the fourth quarter of 2022, Chicago Rivet And Machine Co still managed to post net income growth.
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Per Share |
Current |
Earnings (TTM) |
-4.68 $ |
Revenues (TTM) |
31.7 $
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Cash Flow (TTM) |
- |
Cash |
2.76 $
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Book Value |
26.05 $
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Dividend (TTM) |
0.52 $ |
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Per Share |
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Earnings (TTM) |
-4.68 $
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Revenues (TTM) |
31.7 $ |
Cash Flow (TTM) |
- |
Cash |
2.76 $
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Book Value |
26.05 $ |
Dividend (TTM) |
0.52 $ |
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UNITED STATES |
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83.34 % |
of total Revenue |
Non-US |
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16.66 % |
of total Revenue |
Automotive |
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59.57 % |
of total Revenue |
NonAutomotive |
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40.43 % |
of total Revenue |
Fastener |
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85.62 % |
of total Revenue |
Fastener UNITED STATES |
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69.22 % |
of total Revenue |
Fastener Non-US |
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16.4 % |
of total Revenue |
Fastener Automotive |
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58.95 % |
of total Revenue |
Fastener NonAutomotive |
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26.67 % |
of total Revenue |
Assembly Equipment |
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14.38 % |
of total Revenue |
Assembly Equipment UNITED STATES |
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14.12 % |
of total Revenue |
Assembly Equipment Non-US |
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0.26 % |
of total Revenue |
Assembly Equipment Automotive |
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0.62 % |
of total Revenue |
Assembly Equipment NonAutomotive |
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13.76 % |
of total Revenue |
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