Servotronics, Inc.

Equities

SVT

US8177321002

Electrical Components & Equipment

Market Closed - Nyse Other stock markets 04:10:00 2024-04-26 pm EDT			5-day change	1st Jan Change
12.4 ^USD	+3.77%		+5.53%	-0.80%

Mar. 22	Servotronics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 22	Earnings Flash (SVT) SERVOTRONICS Posts Q4 Revenue $12.3M	MT

Servotronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 09, 2023 at 04:43 pm EST

Servotronics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 11.58 million compared to USD 8.82 million a year ago. Net loss was USD 0.204 million compared to USD 0.316 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.24 a year ago. Basic loss per share was USD 0.09 compared to USD 0.13 a year ago. Diluted loss per share was USD 0.09 compared to USD 0.13 a year ago.
For the nine months, sales was USD 31.29 million compared to USD 26.74 million a year ago. Net loss was USD 11.25 million compared to USD 0.801 million a year ago. Basic loss per share from continuing operations was USD 1.59 compared to USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 1.59 compared to USD 0.38 a year ago. Basic loss per share was USD 4.56 compared to USD 0.33 a year ago. Diluted loss per share was USD 4.56 compared to USD 0.33 a year ago.

Latest news about Servotronics, Inc.

Servotronics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 22	CI
Earnings Flash (SVT) SERVOTRONICS Posts Q4 Revenue $12.3M	Mar. 22	MT
Servotronics, Inc. Provides Revenue Guidance for the Year 2024	Mar. 22	CI
Servotronics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 22	CI
Wall Street Set to Open Mostly Lower Friday as Inflation Data Rises More Than Expected	Feb. 16	MT
Investors Await Economic Data With US Equity Futures Mixed in Friday's Premarket	Feb. 16	MT
Servotronics Appoints Chief Operating Officer	Feb. 01	MT
Servotronics, Inc. Appoints Harrison W. Kelly III as Chief Operating Officer	Jan. 31	CI
Servotronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Earnings Flash (SVT) SERVOTRONICS Posts Q3 Revenue $11.6M	Nov. 09	MT
Servotronics, Inc. Appoints Francisco Tizón as Director of Sales & Marketing	23-08-16	CI
Earnings Flash (SVT) SERVOTRONICS Reports Q2 Revenue $10.6M	23-08-10	MT
Tranche Update on Servotronics, Inc.'s Equity Buyback Plan announced on January 30, 2006.	23-08-10	CI
Servotronics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-10	CI
Servotronics, Inc. Appoints James C. Takacs as Chief Technical Officer	23-07-13	CI
Blue Ridge Knives, Inc. entered into an Asset Purchase Agreement to acquire The Ontario Knife Co from Servotronics, Inc. for $2.1 million.	23-07-12	CI
Ervotronics, Inc. Entered into A Financing Agreement with Rosenthal & Rosenthal, Inc. and Closed on Its New Secured Credit Facility to Replace Its Existing Credit Facility with Bank of America, N.A	23-06-30	CI
Declaration of Voting Results by Servotronics	23-06-14	CI
Servotronics Provides Information to Shareholders	23-06-05	CI
Star Equity Fund Withdraws its Slate of Nominees for Election to the Board of Servotronics	23-06-02	CI
Institutional Shareholder Services Supports Servotronics	23-06-01	CI
Star Equity Fund Calls on Servotronics Board to Conduct Strategic Review for All Assets	23-05-31	CI
Servotronics Issues an Investor Presentation to Shareholders	23-05-23	CI
Star Equity Fund Files a Definitive Proxy Statement with Securities and Exchange Commission	23-05-23	CI
Servotronics Provides Information to its Employees	23-05-16	CI

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Company Profile

Servotronics, Inc. develops and manufactures servo controls and other components for various commercial and government applications, including aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications. The Company's Advanced Technology Group (ATG) segment designs, manufactures, and markets a variety of servo-control components, which convert an electrical current into a mechanical force or movement and other related products. Its servo-control components produced include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices. Its operating facilities are located in Elma and Franklinville, New York. The Companyâs products are marketed and sold throughout the United States and in selected foreign markets.

Sector

Electrical Components & Equipment

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Income Statement Evolution

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