Shares of CVR Energy (NYSE: CVI ) have been a poor performer over the past year, as a weaker refining environment and high turnaround costs forced it to suspend its dividend. Shares have recently recovered nearly all the lossesOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s ...

Item 8.01. Other Events. Chicago Rivet & Machine Company On May 1, 2025, Chicago Rivet & Machine Co. (the "Company") announced that James T. Tanner has been appointed as the Company's Senior Vice President... ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q _________________________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission file number 000-01227 _________________________________ Chicago Rivet & Machine Co. (Exact ...

CHICAGO, May 1, 2025 /PRNewswire/ -- On May 1, 2025, Chicago Rivet & Machine Co. (the "Company") announced that James T. Tanner has been appointed as the Company's Senior Vice President of Sales and Marketing, effective immediately. Mr. Tanner replaces Bill Stlaske, who departed the Company earlier in 2025.Mr. Tanner, age 56, brings over 30 years of sales and leadership experience in the manufacturing industry. He has held executive positions at Bosch, MacLean-Fogg, KSR International, and Speedgrip Chuck Co ...

As I stated in my last article on CVR Partners, L.P. (NYSE: UAN ), " Patience Is Required " to own this variable-distribution fertilizer MLP. In the 14 years since IPO, CVRPI retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I ...

CVR Energy, Inc. CVI is set to report its first-quarter earnings Monday after the bell, and Wall Street is bracing for a loss of $0.89 per share on revenue of $1.31 billion.The stock is down a rough 43.78% over the past year but has been showing signs of resilience lately, falling just 0.85% year-to-date and 6.05% in the past month. But while the scoreboard looks bruised, legendary investor Carl Icahn clearly sees an opening others are missing.Let's dig into what the charts are signaling and how Icahn’s bol ...

Billionaire investor Carl Icahn just reminded Wall Street who the original energy bull is.In a series of filings this month, the legendary activist investor disclosed a buying spree in CVR Energy, Inc. CVI – snapping up more than 1.5 million shares worth over $27 million throughout April. CVR Energy is Icahn's second-largest holding, just behind his own firm, Icahn Enterprises IEP.With the ink barely dry on the latest Schedule 13D/A, the filing reveals Icahn now owns 70.1 million shares.Starting from April ...

Sector Performance - The basic material sector has been lagging in the US market for over the last 12 months, underperforming compared to sectors like technology and communication services [1] - The overall market has favored growth sectors, while traditional sectors such as basic materials have not kept pace [1] Investment Focus - The investment strategy is value-focused, emphasizing fundamental research in sectors including chemicals, homebuilders, building materials, industrials, and metals & mining [1] - The preference is for stocks that are undervalued and have a near-term catalyst for growth [1] - The investment horizon ranges from one quarter to two years, indicating a medium-term investment approach [1]

Core Viewpoint - Chicago Rivet & Machine Co. has declared a quarterly cash dividend of $0.03 per share, indicating a commitment to returning value to shareholders [1] Company Summary - The dividend announcement reflects the company's ongoing financial health and ability to generate cash flow [1] - The declared dividend amount is consistent with previous distributions, suggesting stability in the company's dividend policy [1]

Revenue and Sales Performance - In 2024, sales to the top three customers accounted for approximately 35% of the Company's consolidated revenues, with TI Group Automotive Systems, LLC at 13%, Martinrea International Inc. at 13%, and Cooper-Standard Holdings Inc. at 9%[27]. - Sales to foreign customers represented approximately 19% of total sales in 2024, up from 18% in 2023[19]. - For the full year 2024, net sales decreased by 14% to $26,986,627 from $31,507,722 in 2023, with a net loss of $5,615,614 or $5.81 per share[61]. - Fourth quarter 2024 sales were $4,104,048, a decline of 40% compared to $6,780,894 in the fourth quarter of 2023[61]. - Total net sales for the year ended December 31, 2024, were $27,018,232, with external customer sales amounting to $26,986,627[137]. - The automotive segment generated $19,429,009 in sales for 2023, down from $19,297,188 in 2022, while non-automotive sales decreased from $12,078,713 to $11,409,322[140]. Financial Losses and Concerns - The Company experienced significant recurring operating losses, driven by yearly declines in revenue and negative cash flows, raising substantial doubt about its ability to continue as a going concern[21]. - The Company reported operating losses of $5,164,054 for the year ended December 31, 2024, compared to $5,837,246 for the year ended December 31, 2023, indicating a slight improvement in performance[76]. - The Company incurred a net loss of $5,615,614 in 2024, compared to a net loss of $4,401,584 in 2023, representing an increase in losses[98]. - The Company has experienced significant recurring operating losses primarily driven by a continuous decline in revenues and negative cash flows from operations[156]. - Uncertainty remains regarding the Company's ability to increase sales, secure additional financing, and comply with loan covenants[158]. Operational Changes and Workforce - The Company employed 161 people as of December 31, 2024, reflecting a reduction of 19 employees due to the closure of the Albia, Iowa manufacturing facility[19]. - The Company closed its Albia, Iowa plant and consolidated operations with the Tyrone facility, generating approximately $678,000 in net cash proceeds from the sale of the Albia facility[76]. - The company announced the closure of its Albia, Iowa manufacturing facility, impacting 19 employees, with exit costs totaling $171,214[146]. Cost Management and Expenditures - Selling and administrative expenses rose by 19% to $6,224,234 in 2024, representing 23.1% of net sales compared to 16.6% in 2023[67]. - Total capital expenditures in 2024 were $651,398, significantly lower than $1,078,367 in 2023[71][72]. - Capital expenditures for 2024 were $(651,398), down from $(1,078,367) in 2023, indicating a reduction in investment[104]. - The company incurred a $1,100,000 charge against net sales related to a customer settlement during the year[137]. Financial Position and Liquidity - Cash and cash equivalents increased to $1,922,679 in 2024 from $1,387,075 in 2023, showing improved liquidity[95]. - The Company has entered into a one-year, $3,000,000 operating credit agreement to enhance liquidity, consisting of a $2,500,000 revolving line of credit and a $500,000 non-revolving line of credit[76]. - Liquid assets as of December 31, 2024, totaled $2,169,955 with no debt, raising substantial doubt about the Company's ability to continue as a going concern[156]. - The Company’s total assets decreased to $23,370,174 in 2024 from $27,830,905 in 2023, indicating a reduction in overall financial strength[95]. - The Company’s total liabilities increased to $3,337,722 in 2024 from $1,864,016 in 2023, reflecting a significant rise in obligations[95]. Inventory and Receivables - The allowance for credit losses increased to $197,536 at the end of 2024, up from $160,000 at the end of 2023[131]. - Accounts receivable, net, increased to $1,180,971 in 2024 from $699,255 in 2023, reflecting a growth of approximately 69%[104]. - Inventories, net, decreased to $831,483 in 2024 from $1,793,577 in 2023, indicating a reduction of about 53.7%[104]. - Total inventories decreased from $7,868,653 in 2023 to $6,496,170 in 2024, with raw materials and work in process also showing declines[131]. Internal Controls and Compliance - The Company has identified a material weakness in internal control over financial reporting related to inventory valuation as of December 31, 2023, and 2024[40]. - Management has identified a material weakness in internal control over financial reporting related to inventory valuation as of December 31, 2023 and 2024[163]. - Remediation plans are being implemented to address the material weakness in internal control over financial reporting[164]. - The Company’s management concluded that the financial statements present fairly its financial position and results of operations despite the identified weaknesses[166]. Dividends and Shareholder Returns - The company paid four regular quarterly dividends in 2024 totaling $0.33 per share, continuing a 90-year record of consecutive dividends[70]. - The company declared dividends of $0.33 per share in 2024, down from $0.64 per share in 2023, resulting in total dividends paid of $(318,823) compared to $(618,325) in the previous year[104]. - The Company’s cash dividends declared per common share decreased from $0.64 in 2023 to $0.33 in 2024, indicating a reduction in shareholder returns[98].