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Last $6.48 USD
Change Today +0.025 / 0.39%
Volume 8.5K
SVT On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

servotronics inc (SVT) Snapshot

Open
$6.46
Previous Close
$6.46
Day High
$6.55
Day Low
$6.45
52 Week High
09/17/14 - $8.13
52 Week Low
10/21/14 - $5.54
Market Cap
15.8M
Average Volume 10 Days
3.3K
EPS TTM
$0.96
Shares Outstanding
2.4M
EX-Date
06/20/13
P/E TM
6.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SERVOTRONICS INC (SVT)

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servotronics inc (SVT) Details

Servotronics, Inc. designs, manufactures, and markets technology and consumer products in the United States and internationally. The company’s Advanced Technology Group segment provides servo-control components to the commercial aerospace, missile, aircraft, and government related industries; and medical and industrial markets. This segment’s principal servo-control components include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and related devices that convert an electrical current into a mechanical force or movement, and other related products. It also offers metallic seals of various cross-sectional configurations to close tolerances from standard and special alloy steels. This segment markets its products through its professional staff to the United States Government, government prime contractors, government subcontractors, commercial manufacturers, and end users. The company’s Consumer Products Group segment provides cutlery products, including steak, carving, bread, butcher, and paring knives for household use, as well as for use in restaurants, institutions, and private industry; fixed and folding knives for hunting, fishing, and camping; and machetes, bayonets, axes, strap cutters, and other tools primarily for military and rescue/first-responder use, as well as for commercial markets. It also offers various specialty tools, putty knives, linoleum sheet cutters, field knives, scalpels, and micro-spatulas; and plastic fabrication, metal fabrication, and other engineering, design, and OEM/white-label manufacturing services to customers in consumer and commercial industries. This segment markets its products through its sales resources and independent manufacturers’ representatives to big box, hardware, supermarket, variety, department, discount, gift, drug, outdoors, and sporting retailers; and various branches of the United States Government. Servotronics, Inc. was founded in 1959 and is headquartered in Elma, New York.

289 Employees
Last Reported Date: 05/13/15
Founded in 1959

servotronics inc (SVT) Top Compensated Officers

Founder, Chairman and Chief Executive Officer...
Total Annual Compensation: $618.3K
President, Director, Chief Executive Officer ...
Total Annual Compensation: $328.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $231.6K
Compensation as of Fiscal Year 2014.

servotronics inc (SVT) Key Developments

Servotronics Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

Servotronics Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported an approximate 17% increase in revenue to $8,171,000 compared to $6,990,000 for the same period of 2014. The increase in revenue is the result of increases in commercial shipments at both the Advanced Technology Group (ATG) and Consumer Products Group (CPG). Net income was $2,771,000 or $1.27 per share basic and $1.23 diluted compared to a net loss of $145,000 or $0.07 per share basic and $0.06 diluted for the comparable period ended March 31, 2014. The $2,916,000 increase in net income is a result of a pre-tax insurance settlement of $4,500,000 related to a previously disclosed arbitration award.

Servotronics, Inc. Reports Earnings Results for the Year Ended December 31, 2014

Servotronics Inc. reported earnings results for the year ended December 31, 2014. For the year, the company reported increased revenues of 4.4% to $31,646,000 compared to $30,310,000 for the same period of 2013. This includes a 12.7% increase in revenues at the Advanced Technology Group (ATG). Net loss for the year was $3,126,000 or $1.38 per share, primarily due to a one-time charge relating to an arbitration award, compared to net income of $975,000 or $0.43 per share in the same period of 2013.

Servotronics, Inc. Appoints Rigel D. Pirrone as Director

On January 16, 2015, the board of directors of Servotronics Inc. appointed Commander Rigel D. Pirrone, USN to serve as a director of the company. CDR Pirrone will serve as an independent director and as a member of the audit committee. CDR Pirrone is a senior United States Naval Officer and Aviator with nearly 15 years of diverse leadership experience in departmental, budget, project and logistical management. He has been executive officer overseeing all administrative and operational matters related to a Naval Aviation squadron since April 2014 and is slated to assume Commanding Officer role in 2015.

 

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Industry Analysis

SVT

Industry Average

Valuation SVT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 36.1x
TEV/Sales 0.2x
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