Chicago Rivet & Machine (CVR) investor relations material

Executive summary

• Q3 2026 sales rose 2.3% YoY to $7.53M, but gross profit fell 49.5% to $672K and results swung to a $916K net loss from $68K net income.

• Nine-month sales declined 1.3% YoY to $21.62M; net loss was $2.27M versus $74K net income, with lower volumes, weaker fixed-cost absorption, unfavorable mix and higher costs weighing on results.

Financial highlights

• Q3 operating loss was $917K versus $65K operating income YoY; nine-month operating loss was $2.33M versus $57K operating income.

• Q3 gross profit was $672K versus $1.33M; nine-month gross profit was $2.19M versus $3.96M.

• Q3 diluted loss per share was $0.95 versus $0.07 earnings; nine-month diluted loss per share was $2.35 versus $0.08 earnings.

• Nine-month operating cash use was $1.72M; cash and equivalents ended at $634K, down from $1.72M at year-end 2025.

Outlook and guidance

• FY 2026 outlook remains subject to macro uncertainty; production volumes in served segments are expected to increase slightly, with new customer awards ramping in Q1 2027.

• Automotive demand is expected to improve modestly while non-automotive markets continue to lag; new and existing customer opportunities are expected to show meaningful progress in Q4 2026 and FY 2027.

• Priorities include expense reduction, operational efficiency, customer pricing actions, new sales, improved sales mix and active monitoring of tariff impacts.