Chicago Rivet & Machine (CVR) investor relations material

Executive summary

• Sales for Q3 2025 increased 5.6% year-over-year to $7.36M, driven by higher automotive order volumes despite industry headwinds.

• Net income for Q3 2025 was $67,572, a return to profitability from a $1.45M loss in Q3 2024, reflecting improved margins and cost management.

• For the nine months ended September 30, 2025, sales declined 4.3% year-over-year to $21.9M, but net income improved to $73,615 from a $2.0M loss.

• A one-time gain of $339,520 from the sale of the Albia facility contributed to year-to-date results.

Financial highlights

• Gross margin for Q3 2025 rose to $1.33M (91.3% increase year-over-year); nine-month gross margin up 38.8% to $3.96M.

• Selling and administrative expenses decreased 16.7% in Q3 2025 and 5.1% year-to-date, reflecting cost containment.

• Operating income for Q3 2025 was $64,570, compared to a loss of $823,571 in Q3 2024.

• Cash and cash equivalents at September 30, 2025 were $1.68M.

• Working capital increased 8.7% to $11.27M since year-end.

Outlook and guidance

• Management expects continued uncertainty due to tariffs, supply chain issues, and market volatility.

• Strategic focus remains on cost reduction, efficiency improvements, and new sales opportunities.

• Substantial doubt remains about the ability to continue as a going concern without successful execution of strategic actions.