Chicago Rivet & Machine Co. Announces Third Quarter Results of Operations
NAPERVILLE, Ill., Nov. 7, 2023 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the third quarter of 2023 as summarized below:
CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Three and Nine Months Ended September 30 | ||||
Third Quarter | First Nine Months | |||
2023 | 2022 | 2023 | 2022 | |
Net sales | $7,946,172 | $8,567,785 | $24,726,828 | $26,788,879 |
Income (loss) before income taxes | (1,215,042) | 4,621,060 | (3,617,685) | 5,386,277 |
Net income (loss) | (964,042) | 3,579,060 | (2,858,685) | 4,180,277 |
Net income (loss) per common share | (1.00) | 3.71 | (2.96) | 4.33 |
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.