Chicago Rivet & Machine Co

Chicago Rivet & Machine Co. is a U.S.-based manufacturer of fasteners and related metalworking products used primarily in automotive assembly and other industrial applications. The company’s core business is tied to supplying rivets and fastener components to OEMs and tiered suppliers, with a meaningful portion of demand historically concentrated in North American automotive production. Recent filings show the company has also been shifting sales effort toward construction, electronics, industrial, and consumer goods customers to reduce dependence on auto demand. The business operates with a small manufacturing footprint and has been managing a difficult demand environment marked by lower volumes, pricing pressure, and liquidity constraints. In 2025, management emphasized cost reduction, facility consolidation, and new sales leadership as key steps to stabilize operations and improve profitability.

0,1 %

14,8 %

−3,9 %

+3,3 %

5.21

2.59

— Chicago Rivet & Machine Co
%
Automotive fasteners65% Rivets and fastener components sold into vehicle assembly and automotive supply chains.
Non-automotive fasteners25% Fastener products sold to construction, electronics, industrial, and consumer goods customers.
Metalworking machinery and equipment10% Equipment and related metalworking products associated with the company’s manufacturing capabilities.

The company’s largest customer base is automotive manufacturers and their suppliers, which buy fasteners for vehicle...

  • Automotive customersprimary

    Buy fasteners for vehicle assembly and related supply-chain applications; this is the primary revenue base and is sensitive to North American production cycles.

  • Non-automotive industrial customerssecondary

    Buy fasteners for industrial and manufacturing uses to diversify the order book and reduce reliance on auto volumes.

  • Construction customerssecondary

    Purchase fasteners for building and infrastructure applications, often as part of the company’s diversification push.

  • Electronics customersemerging

    Buy smaller fastener products for electronic assemblies and precision applications.

  • Consumer goods customersemerging

    Use fasteners in finished goods and product assembly, providing incremental demand outside the automotive cycle.

Chicago Rivet is headquartered and manufactures in the United States, and its business is heavily exposed to North...

  • •United States is the company’s core operating and customer market
  • •North American vehicle production trends directly affect automotive fastener demand
  • •Midwest automotive manufacturing weakness has been a specific headwind
  • •Tyrone manufacturing facility is a key production site after Albia consolidation
  • •Albia real estate sale and facility consolidation indicate a smaller U.S. footprint
  • •Tariffs and trade policy matter because they can alter customer procurement behavior

Management’s near-term strategy is centered on restoring volume, improving margins, and preserving liquidity in a weak...

01
Diversify the customer mixshort-term

Automotive demand has been volatile, so expanding into steadier end markets should reduce revenue concentration and improve resilience.

02
Improve profitability through cost actionsshort-term

Lower fixed costs and better operating leverage are needed to offset volume declines and inflationary pressure.

03
Rebuild sales capabilityshort-term

A stronger sales organization is necessary to win new accounts and recover historic volume levels.

04
Protect liquidityshort-term

Recurring losses and negative cash flow make working capital and financing capacity critical to ongoing operations.

The most important risk is continued dependence on automotive demand, which has been weak due to lower North American...

critical

Going-concern and liquidity pressure

Filings cite recurring operating losses, negative cash flows, and reduced liquidity, which can constrain operations and financing flexibility.

Scope
Company-wide
Materiality
high
high

Automotive end-market concentration

Most revenue is tied to automotive customers, so production slowdowns or OEM schedule cuts quickly reduce sales.

Scope
Primary revenue base
Materiality
high
high

Tariff and trade policy uncertainty

Proposed tariffs can alter customer demand, sourcing decisions, and pricing behavior in the manufacturing supply chain.

Scope
North American manufacturing customers
Materiality
medium
high

Inflation and cost pass-through lag

Rising labor, transportation, energy, and outsourced processing costs can outpace the timing of price increases.

Scope
Gross margin
Materiality
medium
medium

Underutilization of fixed manufacturing assets

When volumes fall, fixed labor and facility costs are harder to absorb, reducing profitability.

Scope
Manufacturing operations
Materiality
medium
Going-concern evaluation
Can affect asset and liability classification, disclosures, and investor confidence
One-time restructuring and asset sale effects
Impacts comparability of operating income and net income
Revenue and margin timing
Affects quarterly comparability and margin analysis
Asset utilization and impairment risk
Could affect depreciation, impairment charges, and reported profitability

CLEVELAND-CLIFFS INC.

CLF · Metal Mining

LEGGETT & PLATT INC

LEG · Household Furniture

PARK OHIO HOLDINGS CORP

PKOH · Metal Forgings & Stampings

Alcoa Corp

AA · Primary Production of Aluminum

GREENBRIER COMPANIES INC

GBX · Railroad Equipment

MILLER INDUSTRIES INC /TN/

MLR · Truck & Bus Bodies

: 11/08/2026