Chicago Rivet & Machine Co 2025年度报告

Dear Shareholders, As I look back on the Company’s performance last year, it was clearly a transitional year for us. The financialresults for 2025 were significantly improved over the two prior years, yet they did not meet our overallexpectations. Revenue increased slightly year over year while significant progress was made in managing costsand improving efficiency, which drove margin improvement. Our focus continues to be on growing the revenue ofthe Company and leveraging our team and assets already in place to grow the bottom line and return toprofitability in 2026. We have been rebuilding the leadership team and aligning all of our activities under a renewed mission and visionfor the Company. Our Mission At Chicago Rivet and Machine Company, our mission is to deliver the highest quality, innovative and integratedjoining solutions that drive manufacturing excellence.We are committed to partnering with our customers toprovide precision fastening products, advanced automation, and exceptional service that strengthen thebackbone of industry. Our Vision To be the trusted leader in joining systems – powering the future of manufacturing with smart fasteningtechnologies, engineered solutions, and a legacy of integrity, innovation and performance. To that end we decided to anchor our value proposition on the principle that we are a joining solutions providerand focus heavily on the machine sales and support area to drive new growth. We are also focusing on new, largevolume, cold formed rivet, and component business awards that are expected to launch throughout 2026, somewith existing customers and many with new customers. The leadership team determined that along with our refreshed strategy we needed a bold new look to thebrand. Our team has been developing refreshed branding, and we plan to launch a new, modern website that willfurther engage current customers and attract new customers. We evaluated several designs but settled on thephilosophy of modernizing the iconic logo and updating the font to include a focus on fasteners and machine salesas well. The new logo and website will be launched toward the end of Q2 2026, and I am excited at the prospects forfurther engaging our customers, employees and shareholders through expanded use of the digital tools availableto us today. With that optimism there remains a significant amount of economic uncertainty that we continue tomanage through every day. Tariffs are impacting the Company both in terms of potential re-shoring opportunitiesto our US-based manufacturing plants that we continue to pursue and conversely increased cost for materials andservices. Our automotive customer base is faced with challenges such as vehicle affordability, EV implementationchanges, tariffs and global economic uncertainty. This continues to impact the Company, and we are working tobecome leaner and more flexible to adapt to these changes. We believe that our ongoing success depends on our ability to drive efficiency throughout the business whilepursuing new sales opportunities and partnerships. The Management Team and Board of Directors remain committed to moving forward with our plan to return theCompany to profitability and drive shareholder value going forward. Respectfully, Gregory D. Rizzo Chief Executive Officer Special Note Regarding Forward-looking Statements This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws, whichinclude, without limitation, statements concerning plans, estimates, forecasts and projections with respect to the anticipatedfuture performance of the Company.Forward-looking statements involve known and unknown risks and reflect variousassumptions and involve elements of subjective judgment and analysis, which may or may not prove to be correct, and whichare subject to uncertainties and contingencies outside the control of the company and its management, which could causeactual results to differ materially from those presented in this communication. No representations, warranties or guaranteesare or will be made by the company as to the reliability, accuracy or completeness of any forward-looking statementscontained in this communication or that such forward-looking statements are or will remain based on reasonableassumptions. You should not place undue reliance on any forward-looking statements contained in this communication. Certain risks and important factors that could affect the company’s future results are identified in our Annual Report on Form10-K and other reports we file with the Securities and Exchange Commission, including among other things under the heading“Risk Factors” in our 2025 Annual Report on Form 10-K. Any forward-looking statement speaks only as of the date on which itis made, and the company undertakes no obligation to update any forward-looking statement, whether to reflect events orcircumstances after the date on which the statement is made, to reflect new