Chicago Rivet Reports Turnaround in Sales & Profit

Jason Sandefur

Chicago Rivet & Machine Co. saw sales jump 10% to $11.06 million during the second quarter of 2006, while net income improved to $486,526 compared with a loss of $152,487 during the second quarter of 2005.
Sales during the first six months of 2006 increased 9.2% to $22 million, with profit growing to $857,810 compared with a $229,252 loss during the first half of 2005.
The turnaround comes on the heels of what Chicago Rivet called “one of the more difficult years in the company’s history” in 2005. Web: chicagorivet.com �2006 FastenerNews.com