Servotronics Announces Fourth Quarter and Full-Year 2023 Financial Results [Yahoo! Finance]
Servotronics, Inc. (SVT)
NASDAQ:AMEX Investor Relations:
servotronics.com/investor-relations
Company Research
Source: Yahoo! Finance
ELMA, N.Y. March 22, 2024 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today reported financial results for the fourth quarter and full-year ended December 31, 2023 As previously announced, during the third quarter, the Company sold the assets of The Ontario Knife Company and divested the Consumer Products Group (CPG) business segment. Accordingly, the financial results of the CPG segment have been classified as a discontinued operation for all periods presented. Unless otherwise noted, all financial results are based on the results from continuing operations, comprised of the Company's servo-control business. Highlights for the fourth quarter financial results include: Revenues of $12.3 million , up 46.1% from $8.4 million in the fourth quarter of 2022, driven by significantly higher volumes, as units shipped increased by 49.5%. Gross profit improved 326.1% to $2.7 mi
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Sec Filings
- 4/15/24 - Form 144
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- SVT's page on the SEC website