Chicago Rivet & Machine Co. Announces Second Quarter Results

|Aug 7|magazine2 min read

NAPERVILLE, Ill., Aug. 7, 2020 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the second quarter of 2020 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


2020

2019

2020

2019

Net sales

$4,103,520

$8,875,451

$11,679,975

$17,497,129

Income (loss) before income taxes

(1,100,516)

290,559

(1,028,948)

658,401

Net income (loss)

(779,516)

229,559

(722,948)

516,401

Net income (loss) per common share

(.81)

.24

(.75)

.54

Average common shares outstanding

966,132

966,132

966,132

966,132


(All figures subject to year-end audit)

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SOURCE Chicago Rivet & Machine Co.