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Stock impact report

Servotronics Provides Investor Update on Strategic Vision to Maximize Long-Term Shareholder Value and Affirms 2024 Outlook [Yahoo! Finance]

Servotronics, Inc. (SVT) 
NASDAQ:AMEX Investor Relations: servotronics.com/investor-relations
Company Research Source: Yahoo! Finance
other advanced technology products, today released a revised investor update highlighting its progress in achieving its long-term strategic vision, along with an affirmed 2024 financial outlook. A copy of the presentation is available on the Company's website at www.servotronics.com In 2023, the Company has undergone significant transformation and stabilization, focused on executing a strategic plan aimed at long-term value creation. Highlights for the year include: Robust sales performance with consecutive quarters of sequential improvement leading to total sales growth of 24% for the year. Leadership enhancements including the addition of a Chief Financial Officer, Director of Operations, Director of Marketing & Sales, followed by the addition of a Chief Operating Officer in the first quarter of 2024. Focused growth in key markets, leveraging the rebound in commercial aerospace to expand presence in repair and overhaul, as well as opportunities in new sectors such as energy Show less Read more
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