CHICAGO RIVET & MACHINE CO

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.

Chicago Rivet & Machine Co. announced the temporary suspension of its quarterly cash dividend, effective May 14, 2026. This decision was made to reallocate capital towards critical operational and growth initiatives, including meeting production requirements and investing in sales efforts. Additionally, the company held its Annual Meeting of Shareholders on May 12, 2026, where seven director nominees were elected and Cherry Bekaert LLP was ratified as the independent registered public accounting firm for 2026.

Chicago Rivet & Machine Co. reported a 5.4% decrease in sales for the first quarter ended March 31, 2026, totaling $6,851,517, down from $7,245,635 in the prior year. This decline was primarily attributed to lower order volumes from fastener customers, reflecting softer demand across key end markets. Macroeconomic factors such as elevated interest rates, inflationary pressures, and a renewed semiconductor supply shortage also contributed to more cautious purchasing behavior.