CHICAGO RIVET & MACHINE : Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q) | 4-Traders

Revenues for the second quarter of 2015 were $9,206,174 compared to $9,500,678 in the second quarter of 2014, a decline of $294,504, or 3.1%. Despite the lower sales, net income for the second quarter of 2015 was relatively unchanged from the previous year due to favorable raw material prices, reductions in certain production expenses and an increase in higher margin assembly equipment sales. Net income for the second quarter of 2015 was $570,961,

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