Profile
Sector:
IndustrialsIndustry:
Tools & AccessoriesCountry:
United StatesIPO:
23 February 1973Website:
http://www.chicagorivet.comNext earnings report:
07 November 2024Last dividends:
05 September 2024Next dividends:
N/APrice
regular market | Wed, 30 Oct 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
CVR Latest News
CVR Energy is downgraded to a Sell due to poor Q3 2024 results, including a $124 million net loss and suspension of the dividend. The energy sector's volatility and geopolitical instability have negatively impacted CVI, with refining margins and throughput significantly lower than expected. CVI's failed $8B bid for Citgo and unplanned outages at its refineries highlight the need for diversification and liquidity preservation.
Icahn Enterprises LP's stock fell 4% early Tuesday, after CVR Energy Inc., in which it owns a 66% stake, said it would suspend its third-quarter dividend, as unplanned outages and a weak macro environment pressured earnings.
CVR Energy, Inc.'s refining margins plummeted, causing a 96% drop in free cash flow and a 90% decline in adjusted EBITDA. The dividend suspension could be seen a mile away. Icahn Enterprises L.P.'s reliance on CVI's dividends, critically impacts its cash flow, making future distributions uncertain.
SUGAR LAND, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced a net loss attributable to CVR Energy stockholders of $124 million, or $1.24 per diluted share, and an EBITDA loss of $35 million for the third quarter of 2024, compared to net income attributable to CVR Energy stockholders of $353 million, or $3.51 per diluted share, and EBITDA of $530 million for the third quarter of 2023. Excluding the adjustments shown in the corresponding earnings release tables, adjusted loss per diluted share for the third quarter of 2024 was 50 cents and adjusted EBITDA was $63 million, compared to adjusted earnings per diluted share of $1.89 and adjusted EBITDA of $313 million in the third quarter of 2023.
SUGAR LAND, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE: UAN, “CVR Partners” or the “Partnership”), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced net income of $4 million, or 36 cents per common unit, and EBITDA of $36 million on net sales of $125 million for the third quarter of 2024, compared to net income of $1 million, or 7 cents per common unit, and EBITDA of $32 million on net sales of $131 million for the third quarter of 2023.
SAN DIEGO , Oct. 15, 2024 /PRNewswire/ -- Kintara Therapeutics, Inc. ("Kintara") (NASDAQ: KTRA), a biopharmaceutical company focused on the development of new solid tumor cancer therapies, today announced a correction to the press release previously issued by Kintara on October 14, 2024, regarding a record date for the issuance of the Contingent Value Rights ("CVRs") to stockholders of Kintara pursuant to the definitive merger agreement (the "Merger Agreement") with TuHURA Biosciences, Inc. ("TuHURA"). Kintara announced today that the CVRs will not be issued to stockholders of record of Kintara based on a record date of October 17, 2024, but rather will be issued stockholders of record of Kintara immediately prior to the planned reverse stock split that will be consummated immediately prior to the proposed Merger.
SUGAR LAND, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, plans to release its third quarter 2024 earnings results on Monday, Oct. 28, after the close of trading on the New York Stock Exchange. The Partnership also will host a teleconference call on Tuesday, Oct. 29, at 11 a.m. Eastern to discuss these results.
NAPERVILLE, Ill. , Aug. 19, 2024 /PRNewswire/ -- On August 19, 2024 the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) declared a regular quarterly dividend of ten (10) cents per share, payable September 20, 2024 to shareholders of record at the close of business on September 5, 2024.
NAPERVILLE, Ill. , Aug. 13, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced results for the second quarter of 2024 as summarized below: CHICAGO RIVET & MACHINE CO.
CVR Partners has received attention for potential takeover after its parent company announced exploring strategic transactions. Despite speculation of high takeover prices, CVR Partners remains an attractive income investment at mid-cycle conditions with improving demand and feedstock cost savings. Forecasting a distribution of $2.65 per quarter in 4Q 2024 and 1Q 2025, offering a yield of 10.4% based on 2024 payout.
What type of business is Chicago Rivet & Machine Co?
Chicago Rivet & Machine Co. operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines. The company sells its products to automotive industry through independent sales representatives. Chicago Rivet & Machine Co. was founded in 1920 and is headquartered in Naperville, Illinois.
What sector is Chicago Rivet & Machine Co in?
Chicago Rivet & Machine Co is in the Industrials sector
What industry is Chicago Rivet & Machine Co in?
Chicago Rivet & Machine Co is in the Tools & Accessories industry
What country is Chicago Rivet & Machine Co from?
Chicago Rivet & Machine Co is headquartered in United States
When did Chicago Rivet & Machine Co go public?
Chicago Rivet & Machine Co initial public offering (IPO) was on 23 February 1973
What is Chicago Rivet & Machine Co website?
https://www.chicagorivet.com
Is Chicago Rivet & Machine Co in the S&P 500?
No, Chicago Rivet & Machine Co is not included in the S&P 500 index
Is Chicago Rivet & Machine Co in the NASDAQ 100?
No, Chicago Rivet & Machine Co is not included in the NASDAQ 100 index
Is Chicago Rivet & Machine Co in the Dow Jones?
No, Chicago Rivet & Machine Co is not included in the Dow Jones index
When was Chicago Rivet & Machine Co the previous earnings report?
No data
When does Chicago Rivet & Machine Co earnings report?
The next expected earnings date for Chicago Rivet & Machine Co is 07 November 2024