6. Segment Information. The Company operates in the U.S, in two business segments as determined by its products. The Fastener segment, comprises of H & L Tool and the parent company’s fastener operations, which includes rivets, cold-formed fasteners and parts and screw machine products. The Assembly Equipment segment includes automatic rivet setting machines and parts and tools for such machines.

The Company determined that its business segments also represent its reportable segments. The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by the Company's CODM to assess operating performance and allocate resources. The CODM is the Company’s Chief Executive Officer, Mr. Gregory D. Rizzo. The Company's CODM evaluates segment performance based on gross profit, segment operating income (loss) less depreciation, and capital expenditures. The information provided to the Company's CODM excludes for purposes of making decisions and assessing segment performance other assets or other income information.

Information by segment is as follows:


	Fastener			Assembly Equipment			Other			Consolidated
Year Ended December 31, 2025:
Net Sales	$	24,102,285		$	3,804,561					$	27,906,846
Less: Intercompany Sales		(16,586	)		-						(16,586	)
Total Sales to External Customers		24,085,699			3,804,561						27,890,260
Cost of Goods Sold		21,411,908			2,352,469						23,764,377
Segment Gross Profit		2,673,791			1,452,092						4,125,883
Selling and Engineering Expenses		268,455			21,829			797,562			1,087,846
Administrative Expenses		1,920,306			(323,508	)		2,637,956			4,234,754
Operating Profit (Loss)		485,030			1,753,771			(3,435,518	)		(1,196,717	)
Other Income		35			-			18,372			18,407
(Loss) Income Before Income Taxes	$	485,065		$	1,753,771		$	(3,417,146	)	$	(1,178,310	)

Depreciation	$	1,119,352		$	98,295		$	-		$	1,217,647

Capital Expenditures	$	331,669		$	-		$	-		$	331,669

Segment Assets:
Accounts Receivable, net	$	3,104,836		$	472,130					$	3,576,966
Contract Assets		-			55,497						55,497
Assets held for sale		179,254			—						179,254
Inventories, net		4,572,019			1,598,961						6,170,980
Property, Plant and Equipment, net		8,417,181			1,224,259						9,641,440
Other Assets								3,677,302			3,677,302
										$	23,301,439


	Fastener (1)			Assembly Equipment (2)		Other			Consolidated
Year Ended December 31, 2024:
Net Sales	$	23,195,843		$	3,822,389	$	-		$	27,018,232
Less: Intercompany Sales		(31,605	)		-		-			(31,605	)
Total Sales to External Customers		23,164,238			3,822,389		-			26,986,627
Cost of Goods Sold		22,864,498			3,061,949		-			25,926,447
Segment Gross (Loss) Profit		299,740			760,440		-			1,060,180
Selling and Engineering Expenses		354,323			6,070		756,221			1,116,614
Administrative Expenses		2,163,026			136,614		2,807,980			5,107,620
Operating (Loss) Profit		(2,217,609	)		617,756		(3,564,201	)		(5,164,054	)
Other Income		-			-		120,666			120,666
(Loss) Income Before Income Taxes	$	(2,217,609	)	$	617,756	$	(3,443,535	)	$	(5,043,388	)

Depreciation	$	1,075,580		$	95,736	$	2,160		$	1,173,476

Capital Expenditures	$	369,003		$	282,395	$	-		$	651,398

Segment Assets:
Accounts Receivable, net	$	2,796,198		$	298,713	$	-		$	3,094,911
Contract Assets		-			48,811					48,811
Assets held for sale		-			348,400		-			348,400
Inventories, net		5,056,436			1,439,734		-			6,496,170
Property, Plant and Equipment, net		9,510,881			1,224,258		-			10,735,139
Other Assets		-			-		2,646,743			2,646,743
									$	23,370,174

(1) Includes a $1,100,000 charge against Net Sales related to a customer settlement. See Note 9. Commitments and Contingencies for additional information.

(2) Includes the following exit and disposal charges related to the Albia facility closure: selling and administrative expenses for one-time termination benefits of $64,856, employee travel of $40,277, moving expenses of $27,563 and employee wages of $8,060, as well as cost of goods expenses for direct and indirect labor of $30,517. See Note 8 Exit and Disposal for additional information.

The Company does not allocate certain selling and administrative expenses for internal reporting, thus, no allocation was made for these expenses for segment disclosure purposes. Other income represents interest on securities and gain on sale of assets. Segment assets reported internally are limited to accounts receivable, contract assets, inventory and long-lived assets. Certain long-lived assets of one plant location are allocated between the two segments based on estimated plant utilization, as this plant serves both fastener and assembly equipment activities. Other assets are not allocated to segments internally and to do so would be impracticable.

The following table presents revenue by segment, further disaggregated by end-market:


	Fastener		Assembly Equipment		Consolidated
Year Ended December 31, 2025:
Automotive	$	15,140,529	$	180,184	$	15,320,713
Non-automotive		8,945,170		3,624,377		12,569,547
Total net sales	$	24,085,699	$	3,804,561	$	27,890,260

Year Ended December 31, 2024:
Automotive	$	15,375,697	$	201,608	$	15,577,305
Non-automotive		7,788,541		3,620,781		11,409,322
Total net sales	$	23,164,238	$	3,822,389	$	26,986,627

The following table presents revenue by segment, further disaggregated by location:


	Fastener		Assembly Equipment		Consolidated
Year Ended December 31, 2025:
United States	$	17,896,342	$	2,994,003	$	20,890,345
Foreign		6,189,357		810,558		6,999,915
Total net sales	$	24,085,699	$	3,804,561	$	27,890,260

Year Ended December 31, 2024:
United States	$	18,493,233	$	3,322,913	$	21,816,146
Foreign		4,671,005		499,476		5,170,481
Total net sales	$	23,164,238	$	3,822,389	$	26,986,627

In 2025 and 2024 the Company's three largest customers accounted for approximately 34% and 35% of the Company's consolidated net revenues, respectively. All three customers are consolidated under the Fastener segment.

The following table presents customer concentration for each of the Company's top three customers:


	2025		2024
	% of Revenue	% of Accounts Receivable	% of Revenue	% of Accounts Receivable
TI Group Automotive Systems, LLC	19%	30%	13%	24%
Martinrea International, Inc.	10%	15%	13%	13%
Cooper-Standard Holdings, Inc.	5%	4%	9%	3%

Historical Timeline

Fiscal Year	Filed
2025	Mar 24, 2026	Showing above
2024	Mar 28, 2025

2023	Mar 28, 2024

2022	Mar 29, 2023

2021	Mar 21, 2022

2020	Mar 19, 2021

2019	Mar 20, 2020

2018	Mar 20, 2019

2017	Mar 20, 2018

2016	Mar 20, 2017

2015	Mar 21, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

CHICAGO RIVET & MACHINE CO Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures