Chicago Rivet Q2 net loss more than doubles to $989,528; sales slip 0.8% to $7.24 million year over year
CVR•Margins, segment results and outlook
Gross margin fell 42.2% to $563,312 on lower volume-driven fixed-cost absorption, unfavorable mix, and higher raw material and labor costs.
Fastener segment sales declined 2.3% to $6.25 million, while assembly equipment sales climbed 9.6% to $987,561.
Management kept its 2026 outlook, citing slight production increases and new customer awards ramping in the second half, with non-automotive markets still lagging.
Second-quarter loss widens as sales edge lower
Chicago Rivet posted a second-quarter net loss of $989,528, widening from a year earlier; loss per share rose to $1.02.
Sales slipped 0.8% to $7.24 million, pressured by lower order volumes from fastener customers amid elevated rates, inflation and renewed semiconductor shortages.
