CVR Chicago Rivet & Machine Co.

Chicago Rivet & Machine Co. engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners, Assembly Equipment, and Other. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products. The Assembly Equipment segment consists of automatic rivet setting machines, and parts and tools for such machines. The company was founded in 1920 and is headquartered in Naperville, IL.

Company profile

Ticker

CVR

Exchange

AMEX

Website

www.chicagorivet.com

CEO

Walter W. Morrissey

Incorporated in

Illinois

Location

Illinois

Fiscal year end

Dec 31

Sector

Producer Manufacturing > Metal Fabrication

Industry (SEC)

Metalworkg Machinery & Equipment

SPX • SPX Flow • P&F Industries • Lincoln Electric ...

SEC CIK

0000019871

Corporate docs

Articles of Incorporation & Bylaws

IRS number

360904920

CVR stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

8 May 20

14 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart CVR financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	7.58M	7.19M	8.19M	8.88M
Net income	56.57K	-293.88K	315.8K	229.56K
Net profit margin	0.75%	-4.09%	3.86%	2.59%
Operating income	25.09K	-436.41K	367.62K	241.31K
Net change in cash	-371.26K	219.93K	301.45K	301.86K
Cash on hand	1.06M	1.43M	1.21M	908.08K
Cost of revenue	6.27M	6.3M	6.54M	7.33M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	32.87M	37.17M	35.76M	37.02M
Net income	538.31K	2M	2.08M	2.36M
Net profit margin	1.64%	5.38%	5.81%	6.37%
Operating income	491.58K	2.4M	2.37M	3.48M
Net change in cash	722.58K	-445.7K	799.09K	-447.42K
Cash on hand	1.43M	706.87K	1.15M	353.48K
Cost of revenue	27.13M	29.27M	27.85M	27.98M

Financial data from company earnings reports

Institutional ownership Q1 2020

CVR institutional ownership history Ownership history

22.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	16	15	+6.7%
Opened positions	1	1	–
Closed positions	0	3	EXIT
Increased positions	2	2	–
Reduced positions	4	3	+33.3%

13F shares	Current	Prev Q	Change
Total value	4.55M	5.55M	-18.0%
Total shares	214.61K	215.05K	-0.2%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Dimensional Fund Advisors	76.01K	$1.61M	0.0%
Renaissance Technologies	61.11K	$1.3M	-2.1%
HighTower Advisors	25.2K	$534K	0.0%
Vanguard	15.04K	$318K	0.0%
MS^L Morgan Stanley	12.15K	$257K	+7.1%
Bridgeway Capital Management	11.9K	$252K	-14.4%
LSV Asset Management	3.6K	$76K	0.0%
Ancora Advisors	3.5K	$74K	+12.9%
Larson Financial	2.72K	$58K	NEW
RY Royal Bank of Canada	2.4K	$51K	0.0%

Largest transactions	Shares	Bought/sold	Change
Larson Financial	2.72K	+2.72K	NEW
Bridgeway Capital Management	11.9K	-2K	-14.4%
Renaissance Technologies	61.11K	-1.3K	-2.1%
WFC^Z Wells Fargo & Company	585	-1.06K	-64.4%
MS^L Morgan Stanley	12.15K	+803	+7.1%
Ancora Advisors	3.5K	+399	+12.9%
Victory Capital Management	137	-3	-2.1%
PNC The PNC Financial Services Group Inc	135	0	0.0%
Vanguard	15.04K	0	0.0%
LSV Asset Management	3.6K	0	0.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Financial results for the first three quarters of 2019 were adversely impacted by slowing global economic growth, especially within the automotive industry, and prolonged trade disputes. We experienced further weakening of demand in the fourth quarter that resulted in sales of $7,186,968 compared to $8,513,775 in the year earlier quarter, a decline of 15.6%. The decline in sales contributed to a net loss of $293,884, or $.30 per share, for the quarter compared to net income of $302,556, or $.31 per share in the fourth quarter of 2018. Full year net sales were $32,873,002 in 2019 compared to $37,174,249 in 2018, a decline of $4,301,247, or 11.6%. Full year net income in 2019 was $538,314, or $.56 per share, compared to $2,001,185, or $2.07 per share, in 2018.

Content analysis ?

Positive
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Readability	H.S. freshman Avg

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Removed: asset, ASU, average, Board, comparability, contrast, declined, disclosing, February, higher, improve, January, lease, leasing, modified, recognize, recognizing, representing, retrospective, sheet, stable, steel, Topic, transparency, underlying, Update

From filing 10-Q 2020 Q1