Quarterly ResultAug 6, 2026, 05:15 PM
Chicago Rivet Q2 Net Loss Widens to $990K; Sales Down 0.84%
AI Summary
CHICAGO RIVET & MACHINE CO reported a significant widening of its net loss for both the second quarter and the first half of 2026, alongside a decrease in net sales. Net sales for Q2 2026 fell to $7.24 million, resulting in a net loss of $989,528, compared to a net loss of $394,980 in Q2 2025. For the first six months of 2026, the company posted a net loss of $1.35 million, a substantial decline from a slight net income in the prior year period. Cash and cash equivalents also saw a notable decrease, while total liabilities increased, partly due to increased borrowings on its line of credit.
Key Highlights
- Net sales for Q2 2026 decreased by 0.84% to $7.24 million from $7.30 million in Q2 2025.
- Net loss for Q2 2026 widened to $989,528 ($1.02 EPS) from $394,980 ($0.41 EPS) in Q2 2025.
- Year-to-date net sales for H1 2026 decreased by 3.13% to $14.09 million from $14.54 million in H1 2025.
- Year-to-date net loss for H1 2026 was $1.35 million ($1.40 EPS), a significant decline from $6,042 net income ($0.01 EPS) in H1 2025.
- Cash and cash equivalents decreased to $770,752 at June 30, 2026, from $1.72 million at December 31, 2025.
- Total liabilities increased to $6.15 million at June 30, 2026, from $4.47 million at December 31, 2025.
- The company drew an additional $1.0 million on its line of credit, increasing the current portion to $1.5 million.
- Remaining accrued balance for a customer settlement was $660,000 as of June 30, 2026.
Price Impact
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