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Last $6.96 USD
Change Today 0.00 / 0.00%
Volume 0.0
SVT On Other Exchanges
As of 8:04 PM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

servotronics inc (SVT) Snapshot

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08/13/15 - $7.94
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10/21/14 - $5.54
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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.

301 Employees
Last Reported Date: 08/12/15
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 Second Quarter and Six Months Ended June 30, 2015

Servotronics Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s revenue grew from $7,995,000 to $9,242,000 with a resulting increase in net income from $447,000 or $0.21 per basic and diluted share to $621,000 or $0.28 per basic share and $0.27 per diluted share. For the six months, the company’s net income was $3,392,000 or $1.50 per diluted share on revenues of $17,413,000 as compared to net income for the comparable period ended June 30, 2014 of $302,000 or $0.14 per diluted share on revenues of $14,985,000. The increase in net income in the six month period is primarily the result of a insurance settlement.

Servotronics Inc. Appoints Lucion P. Gygax as a Director

On July 16, 2015, the Board of Directors of Servotronics Inc. appointed Lucion P. Gygax to serve as a director of the Company. Mr. Gygax will serve as an independent director and as a member of the Audit Committee. . Gygax is a Major in the Army National Guard with experience in supply chain management, budget management, human resources, and executive leadership. He is currently the Executive Officer of the 340th Brigade Support Battalion where he serves as chief of staff for a battalion of 600 personnel. He has over 25 years of experience with the United States Army and the Army National Guard, including prior leadership assignments as a Non-commissioned Officer, Battalion Support Operations Officer, Battalion Human Resources Officer, Battalion Operations Officer, Brigade Transportation Officer and Recruiting Company Commander.

Servotronics Inc. Announces Elects of Directors

Servotronics Inc. elected as company directors at the meeting were Dr. Nicholas D. Trbovich, Donald W. Hedges, Rigel D. Pirrone, Edward C. Cosgrove and Kenneth D. Trbovich.


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