Last $6.75 USD
Change Today -0.15 / -2.17%
Volume 3.0K
SVT On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

servotronics inc (SVT) Snapshot

Open
$7.01
Previous Close
$6.90
Day High
$7.01
Day Low
$6.75
52 Week High
09/17/13 - $9.31
52 Week Low
06/5/14 - $6.75
Market Cap
16.6M
Average Volume 10 Days
1.2K
EPS TTM
$0.30
Shares Outstanding
2.5M
EX-Date
06/20/13
P/E TM
22.5x
Dividend
--
Dividend Yield
2.35%
Current Stock Chart for SERVOTRONICS INC (SVT)

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servotronics inc (SVT) Details

Servotronics, Inc., together with its subsidiaries, designs, manufactures, and markets advanced technology and consumer products in the United States. The company operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides various servo-control components that convert an electrical current into a mechanical force or movement, and other related products. This segment’s servo-control components include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and related devices, which are principally sold to the commercial aerospace, missile, aircraft, and government related industries, as well as medical and industrial markets. It also offers metallic seals in various cross-sectional configurations that are used to fit between two metal surfaces to produce a secure and leak-proof joint, as well as 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 CPG segment provides various cutlery products, including steak, carving, bread, butcher, and paring knives for household use and for use in restaurants, institutions, and private industry; fixed and folding knives for use in hunting, fishing, and camping; and machetes, bayonets, axes, strap cutters, and other tools primarily for military use. It also produces and markets other cutlery items, such as various specialty tools, putty knives, linoleum sheet cutters, field knives, scalpels, and micro-spatulas. This segment markets its products through its sales resources and independent manufacturers’ representatives to hardware, supermarket, variety, department, discount, gift, drug stores; outdoors and sporting retailers; and various branches of the United States Government. Servotronics, Inc. was founded in 1959 and is based in Elma, New York.

231 Employees
Last Reported Date: 03/24/14
Founded in 1959

servotronics inc (SVT) Top Compensated Officers

Founder, Chairman and Chief Executive Officer...
Total Annual Compensation: $643.1K
President, Director, Chief Executive Officer ...
Total Annual Compensation: $274.9K
Chief Financial Officer and Treasurer
Total Annual Compensation: $233.5K
Senior Vice President
Total Annual Compensation: $160.6K
Compensation as of Fiscal Year 2013.

servotronics inc (SVT) Key Developments

Servotronics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Servotronics Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported a net loss of $145,000 or $0.06 per basic and diluted share on sales of $6,990,000 as compared to net income of $177,000 or $0.08 per basic and diluted share on sales of $7,342,000 for the comparable period ended March 31, 2013. The company attributes the decrease in net income primarily to the decrease in sales and profits at the company's Consumer Products Group as well as increased administrative expenses at the Advanced Technology Group.

Servotronics Inc., Annual General Meeting, May 08, 2014

Servotronics Inc., Annual General Meeting, May 08, 2014., at 14:00 US Eastern Standard Time. Location: At the offices of Jaeckle Fleischmann & Mugel, LLP. Agenda: To elect five Directors to serve until the next Annual Meeting of Shareholders and until their successors are elected and qualified; to consider and ratify the appointment of Freed Maxick CPAs, P.C. as the independent registered public accounting firm for the 2014 fiscal year; and to transact such other business as may properly come before the meeting or any adjournments thereof.

Servotronics Inc. Announces Earning Results for the Fiscal Year Ended December 31, 2013

Servotronics Inc. announced earning results for the fiscal year ended December 31, 2013. For the period, the company reported an approximate 205% increase in net income to $975,000 or $0.43 per share basic and diluted compared to net income of $320,000 or $0.15 per share basic and diluted for the comparable period ended December 31, 2012. The company attributes the increase in net income primarily to the previously reported strategic focus on core competencies that led to the 2012 sale of certain underperforming assets and shutdown of certain operations at the subsidiary level. Servotronics continues to strategically position itself through the design and development of new products for new applications/programs across a multitude of industries. Revenue from continuing operations was $30,310,000 compared to revenue from continuing operations of $30,510,000 for the comparable period ended December 31, 2012. The decrease in sales is the result of decreased shipments related to orders from the U.S. Government and its prime vendors partially off-set by an increase in shipments of commercial products at both the ATG and CPG.

 

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SVT

Industry Average

Valuation SVT Industry Range
Price/Earnings 23.7x
Price/Sales 0.5x
Price/Book 0.7x
Price/Cash Flow 12.7x
TEV/Sales 0.3x
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