CHICAGO RIVET & MACHINE CO

Listed Company

CVRCIK 0000019871NYSENon-AcceleratedSmaller ReportingMetalworkg Machinery & EquipmentIllinoisFY ends Dec 31

Period

FY 2025

Revenue

$27.89M

Net Income

$-1.08M

Total Assets

$23.30M

Equity

$18.83M

Shares Out

966.1K

Op. Cash Flow

$-1.23M

Business

CHICAGO RIVET & MACHINE CO manufactures and supplies metal fasteners and assembly equipment for industrial customers, primarily serving the automotive sector. The company offers rivets, cold-formed fasteners and parts, screw machine products, and automatic rivet setting machines with associated parts and tools. It operates through two business segments: a fastener segment, which includes its wholly owned H&L Tool Company subsidiary and related fastener operations, and an assembly equipment segment focused on rivet-setting machinery. Sales are concentrated in the North American automotive market and are solicited by employees and independent representatives, with exports to foreign customers despite having no foreign operations.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales	28	27	32	34	34
Cost of Goods Sold	24	26	32	30	28
Gross Profit	4	1	−599,590	4	6
Selling and Administrative Expenses	6	6	5	5	5
Gain on Sale of Property	−339,520	—	—	—	—
Total Operating Expenses	5	6	5	254,127	5
Operating Profit (Loss)	−1	−5	−6	4	1
Other Income	18,407	120,666	108,234	91,433	55,557
(Loss) Income Before Income Taxes	−1	−5	−6	4	1
(Benefit) Provision for Income Taxes	−95,096	572,226	−1	785,000	301,000
Net Loss	−1	−6	−4	3	1
Basic	−1.12	−5.81	−4.56	2.97	1.15
Diluted	−1.12	−5.81	−4.56	2.97	1.15
Basic (shares)	966,132	966,132	966,132	966,132	966,132
Diluted (shares)	966,132	966,132	966,132	966,132	966,132
Cash Dividends Declared Per Common Share	0.12	0.33	0.64	0.88	0.88

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-11-30	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and Cash Equivalents	2	2	—	1	4
Short-Term Investments	0	247,276	—	2	3
Accounts Receivable - less allowances of $155,000 in 2025 and $197,536 in 2024	4	3	—	4	5
Contract Assets	55,497	48,811	—	118,301	0
Inventories, net	6	6	—	7	9
Assets Held For Sale	179,254	348,400	—	0	—
Income Taxes Receivable	43,949	1,378	—	580,287	509,119
Other Current Assets	498,440	431,440	—	380,562	422,747
Total Current Assets	12	13	—	16	22
Property, Plant and Equipment, net	10	11	—	12	12
Deferred Income Taxes, net	1	0	—	324,943	0
Operating Lease Right-of-Use Asset, net	371,464	0	424,188	—	—
Deposits with Vendors	43,970	43,970	—	—	—
Total assets	23	23	—	28	34
Accounts Payable	742,292	1	—	788,974	697,235
Accrued Wages and Salaries	491,913	436,417	—	514,900	462,332
Other Accrued Expenses	248,431	284,497	—	129,963	327,961
Unearned Revenue and Customer Deposits	262,950	265,789	—	430,179	—
Operating Lease Liability - Current Portion	103,420	0	—	—	—
Line of Credit - Current Portion	500,000	0	—	—	—
Total Current Liabilities	2	2	—	2	2
Operating Lease Liability - Noncurrent	317,543	0	—	—	—
Other Long Term Liabilities	660,000	880,000	—	0	—
Deferred Income Taxes, net	1	237,872	—	0	948,084
Total Liabilities	4	3	—	2	3
Commitments and Contingencies (Note 9)	—	—	—	—	—
Preferred Stock, No Par Value, 500,000 Shares Authorized: None Outstanding	—	—	—	—	0
Common Stock, $1.00 Par Value, 4,000,000 Shares Authorized: 1,138,096 Shares Issued, 966,132 Shares Outstanding as of December 31, 2025 and 2024	1	1	—	1	1
Additional Paid-in Capital	447,134	447,134	—	447,134	447,134
Retained Earnings	21	22	—	28	33
Treasury Stock, 171,964 Shares at cost	−4	−4	—	−4	−4
Total Shareholders' Equity	19	20	—	26	31
Total Liabilities and Shareholders' Equity	23	23	—	28	34

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and Amortization	1	1	1	1	1
Non-Cash Lease Expense	49,499	0	—	—	—
Gain on the Sale of Property and Equipment	−347,037	−75,966	−50,422	−5	21,564
Deferred Income Taxes	−97,526	562,815	−1	22,000	−85,000
Accounts Receivable, net	−482,055	1	699,255	672,847	−484,534
Contract Assets	−6,686	69,489	−118,301	0	—
Inventories, net	325,190	831,483	2	−601,450	−3
Other Current Assets and Prepaid Income Taxes	−109,571	484,061	−28,983	−585,190	123,036
Accounts Payable	−490,855	444,173	91,739	4,600	226,211
Accrued Wages and Salaries	55,495	−78,483	52,568	−47,000	27,324
Other Accrued Expenses	−36,067	154,534	−197,998	−38,457	43,450
Unearned Revenue and Customer Deposits	−2,838	−164,390	226,462	—	—
Other Long Term Liabilities	−220,000	880,000	0	—	—
Net Cash Used in Operating Activities	−1	−153,451	−2	−1	−1
Capital Expenditures	−331,669	−651,398	−1	−969,943	−670,898
Proceeds from the Sale of Property and Equipment	723,905	135,430	50,422	5	7,800
Proceeds from Short-Term Investments	247,276	3	3	1	4
Purchases of Short-Term Investments	0	−2	−2	−1	−2
Net Cash Provided by Investing Activities	639,512	1	−108,065	4	1
Proceeds from Line of Credit	500,000	0	—	—	—
Cash Dividends Paid	−115,936	−318,823	−618,325	−850,196	−850,196
Net Cash Provided by (Used in) Financing Activities	384,064	−318,823	−618,325	−850,196	−850,196
Net (Decrease) Increase in Cash and Cash Equivalents	−204,442	535,604	−3	2	−530,777
Cash Paid for Interest	24,896	0	—	—	—
Cash Paid for Income Taxes, net of Refunds Received	46,289	0	0	1	300,500

Filings

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