| Business Summary | | Chicago
Rivet
&
Machine
Co.
operates
in
two
segments
of
the
fastener
industry,
Fasteners
and
Assembly
Equipment.
The
Fastener
segment
consists
of
the
manufacture
and
sale
of
rivets,
cold-formed
fasteners
and
parts
and
screw
machine
products.
The
Assembly
Equipment
segment
consists
primarily
of
the
manufacture
of
automatic
rivet
setting
machines,
automatic
assembly
equipment,
parts
and
tools
for
such
machines,
and
the
leasing
of
automatic
rivet
setting
machines.
The
principal
market
for
the
fastener
segment
operations
is
the
automotive
and
appliance
industries
within
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CVR
produces
and
sells
rivets,
cold-headed
parts,
screw
machine
products,
automatic
rivet
setting
machines
and
parts
and
tools
for
such
machines.
CVR
also
leases
automatic
rivet
setting
machines.
For
the
three
months
ended
3/31/01,
revenues
fell
15%
to
$10.6
million.
Net
income
fell
63%
to
$339
thousand.
Revenues
reflect
continued
weakness
in
the
manufacturing
sector.
Net
income
also
reflects
a
lower
gross
profit
due
to
shift
toward
lower
priced
equipment. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
11,216;
after
tax
earnings
were
737. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Morrissey, 64 Chairman
and CEO | $271K | John Osterman, 48 Pres,
COO and Treasurer | 245K | Donald Long, 48 VP-
Sales | 139K | Kimberly Kirhofer, 41 Sec. | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|