Chicago Rivet Q2 net loss more than doubles to $989,528; sales slip 0.8% to $7.24 million year over year

Reuters2026/08/06 22:05

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Chicago Rivet posted a Q2 net loss of $989,528, widening from a year earlier; loss per share rose to $1.02.
Sales slipped 0.8% to $7.24 million, pressured by lower order volumes from fastener customers amid elevated rates, inflation and renewed semiconductor shortages.
Gross margin fell 42.2% to $563,312 on lower volume-driven fixed-cost absorption, unfavorable mix, and higher raw material and labor costs.
Fastener segment sales declined 2.3% to $6.25 million, while assembly equipment sales climbed 9.6% to $987,561.
Management kept its 2026 outlook, citing slight production increases and new customer awards ramping in the second half, with non-automotive markets still lagging.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chicago Rivet & Machine Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000019871-26-000022), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Chicago Rivet Q2 net loss more than doubles to $989,528; sales slip 0.8% to $7.24 million year over year

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