Servotronics, Inc. Announces Third Quarter Results For The Period Ended September 30, 2018
Servotronics, Inc. (SVT)
NASDAQ:AMEX Investor Relations:
servotronics.com/investor-relations
Company Research
Source: PR Newswire
ELMA, N.Y., Nov. 13, 2018 /PRNewswire/ -- Servotronics, Inc. (NYSE American: SVT) a designer and manufacturer of servo-control components and other advanced technology products announced financial for the period ended September 30, 2018. Net income for the third quarter of 2018 was $1,457,000 (or $0.63 per share Basic and $0.61 Diluted) on revenues of $12,768,000. This is compared to net income for the third quarter of 2017 of $671,000 (or $0.30 per share Basic and $0.29 Diluted) on revenues of $11,325,000. The 12.7% increase in revenue is the result of increases in commercial shipments at the Advanced Technology Group ("ATG") offset by a decrease in commercial shipments at the Consumer Products Group ("CPG"). Gross profit for the third quarter of 2018 was $3,940,000 or 30.9% of revenue, compared with $3,091,000, or 27.3% of revenue for the same period of 2017. The increase, both in the aggregate and as a percentage of revenue, is primarily due to the increase of the number of uni
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SVT
Sec Filings
- 4/15/24 - Form 144
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- SVT's page on the SEC website