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Tag "chicago rivet"

Chicago Rivet Fastener Sales Decline

November 19
03:18 2019

Sales hurt by “particularly weak” sales to automotive customers “due to the global economic slowdown impacting many foreign countries.”

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Chicago Rivet Fastener Sales Slump

August 08
16:01 2019

Ongoing trade disputes and higher steel prices from tariffs cause double-digit declines in sales and profit.

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FIN Stock: CHICAGO RIVET

May 20
23:00 2019

Chicago Rivet & Machine Co. reported sales dropped 12.1% to $7.6 million in the first quarter of 2020 “due to reduced demand for fastener segment parts, especially from automotive customers as the impact of the coronavirus pandemic (“COVID-19”) took hold.” 

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Fastener Sales Decline at Chicago Rivet

May 09
11:57 2019

“We have experienced increases in steel prices and other materials over the past year that have negatively impacted our gross margins and remain a concern as further increases are expected.”

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Chicago Rivet Sees Rising Fastener Sales

March 21
12:56 2019
    Chicago Rivet Sees Rising Fastener Sales

The company said fastener segment sales reflected growth in each quarter, with much of that growth coming from non-automotive customers.

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Steel Hikes Cut Profit at Chicago Rivet

November 07
13:57 2018
    Steel Hikes Cut Profit at Chicago Rivet

“In addition to higher raw material prices, we have also incurred higher than expected wages in the current year due to the tight labor market.”

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Steel Hikes Hurt Chicago Rivet Margins

August 16
17:20 2018

“We have experienced increases in steel prices, our primary raw material, in recent months that have negatively impacted our gross margins and remain a concern as further increases are expected.”

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Chicago Rivet Fastener Sales Grow

May 06
15:28 2018
    Chicago Rivet Fastener Sales Grow

“Improvement in automotive sales and the addition of a number of non-automotive customers in the second half of 2017 contributed to the revenue increase in the first quarter.”

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Fastener Sales Decline at Chicago Rivet

November 06
17:59 2017

“The automotive sector is the primary market for our fastener segment products and the sales declines in the third quarter and year to date primarily relate to reduced sales to certain large automotive customers,” the company stated in its quarterly SEC filing.

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Chicago Rivet Fastener Sales Continue Declining

August 09
12:12 2017
    Chicago Rivet Fastener Sales Continue Declining

"Based on the current economic environment, we don’t believe overall business conditions during the second half of the year will be markedly different from those of the first half."

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Chicago Rivet Reports Fastener Sales Growth

May 22
21:14 2017
    Chicago Rivet Reports Fastener Sales Growth

Fastener segment revenues rose 3.4% despite a decline in U.S. auto and light-truck sales during the quarter.

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Chicago Rivet Reports “Very Positive” Results for 2016

March 16
21:29 2017
    Chicago Rivet Reports “Very Positive” Results for 2016

Fastener segment sales grew 0.16%, supported by modest growth in domestic automobile and light truck sales.

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Costs Improve for Chicago Rivet, Boosting Profit

December 06
12:09 2016
    Costs Improve for Chicago Rivet, Boosting Profit

“The increase in sales combined with favorable raw material prices resulted in improved margins,” the company stated.

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