Chicago Rivet Q3 2026 Earnings: Revenue Rises 2.3% as Net Income Turns Negative

Chicago Rivet & Machine Co. (NYSE American: CVR) reported third-quarter 2026 net sales of $7.53 million, up approximately 2.3% from $7.36 million a year earlier, while earnings per common share fell to -$0.95 from $0.07. Net income swung to a $915,977 loss from a $67,572 profit, and the similarly sized pre-tax loss shows that the deterioration occurred before income taxes. The brief release did not provide gross profit, operating expenses, cash flow, segment results, or guidance, limiting visibility into the cause of the decline.

Core Earnings Results

Quarterly sales increased by $169,883, but the additional revenue did not translate into earnings growth. Pre-tax income, net income, and per-share results all moved from modest profits in Q3 2025 to losses in Q3 2026.

All figures are company-reported and subject to year-end audit.

Modest Sales Growth Did Not Restore Profitability

Chicago Rivet’s approximately 2.3% sales growth coincided with a negative net-income swing of about $983,549. The average share count remained unchanged at 966,132, so the decline in per-share results was not attributable to a change in the share-count denominator.

The $916,103 pre-tax loss also nearly matched the $915,977 net loss. This indicates that the earnings reversal was already present before income taxes, although the abbreviated release did not provide gross-margin or expense data needed to identify the specific operating drivers.

The first nine months show that the profitability issue was not limited to Q3. Nine-month sales declined approximately 1.3% to $21.62 million from $21.90 million, while the company recorded a $2.27 million net loss compared with net income of $73,615 a year earlier. Earnings per common share for the period fell to -$2.35 from $0.08.

Recent Insider Transactions

The supplied six-month insider summary reports no purchases or sales and total insider holdings of approximately 229,750 shares. Separately, the two-year transaction list contains two direct purchases with a combined reported value of approximately $45,296.

The six-month summary and the dated transaction list are not fully consistent regarding the May 2026 purchase. The transactions therefore should not be interpreted beyond their reported terms.

Risks Investors Need to Watch

• Persistent losses: The Q3 loss followed a nine-month net loss of $2.27 million, indicating that the earnings pressure extended beyond a single quarter.
• Uneven revenue momentum: Q3 sales increased approximately 2.3%, but sales for the first nine months remained approximately 1.3% below the prior-year period.
• Limited visibility into loss drivers and liquidity: The release did not disclose gross margin, operating expenses, cash flow, or balance-sheet data, making it difficult to assess the source of the losses or their effect on financial resources.
• No quantitative outlook: Without guidance, the release does not establish a timetable for restoring profitability or sustaining quarterly sales growth.

Summary

Chicago Rivet generated modest year-over-year sales growth in Q3 2026, but its results shifted from a small profit to a substantial loss. The wider nine-month loss shows that profitability remains the central issue, while the absence of detailed expense and cash-flow information leaves the cause and financial impact unclear. Future disclosures on margins, costs, liquidity, and the durability of sales growth will be important for evaluating whether the earnings trend is improving.