View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsServotronics 過去の業績過去 基準チェック /06Servotronicsの収益は年間平均-43.9%の割合で減少していますが、 Electrical業界の収益は年間 増加しています。収益は年間17.7% 4%割合で 減少しています。主要情報-43.87%収益成長率-44.07%EPS成長率Electrical 業界の成長9.91%収益成長率-3.98%株主資本利益率-4.22%ネット・マージン-2.17%前回の決算情報31 Mar 2025最近の業績更新Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.057 (vs US$0.15 loss in 1Q 2024)First quarter 2025 results: EPS: US$0.057 (up from US$0.15 loss in 1Q 2024). Revenue: US$11.7m (up 12% from 1Q 2024). Net income: US$145.0k (up US$511.0k from 1Q 2024). Profit margin: 1.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 18Full year 2024 earnings released: US$0.60 loss per share (vs US$1.44 loss in FY 2023)Full year 2024 results: US$0.60 loss per share (improved from US$1.44 loss in FY 2023). Revenue: US$44.9m (up 3.0% from FY 2023). Net loss: US$1.51m (loss narrowed 57% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 09Third quarter 2024 earnings released: US$0.18 loss per share (vs US$0.074 profit in 3Q 2023)Third quarter 2024 results: US$0.18 loss per share (down from US$0.074 profit in 3Q 2023). Revenue: US$12.4m (up 7.3% from 3Q 2023). Net loss: US$453.0k (down 349% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: US$0.23 (vs US$1.33 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.23 (up from US$1.33 loss in 2Q 2023). Revenue: US$12.3m (up 15% from 2Q 2023). Net income: US$568.0k (up US$3.85m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Reported Earnings • May 12First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.34 loss in 1Q 2023)First quarter 2024 results: US$0.15 loss per share (improved from US$0.34 loss in 1Q 2023). Revenue: US$10.4m (up 15% from 1Q 2023). Net loss: US$366.0k (loss narrowed 56% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 24Full year 2023 earnings released: US$1.44 loss per share (vs US$0.87 loss in FY 2022)Full year 2023 results: US$1.44 loss per share (further deteriorated from US$0.87 loss in FY 2022). Revenue: US$43.6m (up 24% from FY 2022). Net loss: US$3.55m (loss widened 69% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesお知らせ • Jul 02TransDigm Group Incorporated (NYSE:TDG) completed the acquisition of Servotronics, Inc. (NYSEAM:SVT) from Paul Snyder III and other shareholder.TransDigm Group Incorporated (NYSE:TDG) agreed to acquire Servotronics, Inc. (NYSEAM:SVT) from Paul Snyder III and other shareholder for $98.4 million on May 18, 2025. A cash consideration valued at $38.5 per share will be paid by TransDigm Group Incorporated. In case of termination of transaction, Servotronics will pay a termination fee of $5 million. Following the purchase of shares through the tender offer, TransDigm will complete the acquisition of Servotronics by acquiring all remaining shares not acquired in the offer through a merger at the same price as the tender offer. The acquisition will be funded with TransDigm's cash on hand and is not subject to any financing conditions. Under the terms of the merger agreement, the parties anticipate that TransDigm will commence a cash tender offer for all of the outstanding shares of Servotronics on or before June 9, 2025. On June 18, 2025, Servotronics shareholder has filed a complaint in state Supreme Court in Erie County seeking to block proposed acquisition with TransDigm Group Incorporated. Common stock of Servotronics will cease to trade on NYSE American and a notice of delisting with respect to shares of Servotronics is expected to be filed promptly. The transaction is subject to approval of merger agreement by target board and minimum tender. The deal has been unanimously approved by the board of Servotronics. As of May 29, 2025, the Offer Price (as defined in the Merger Agreement) was increased from $38.50 per share in cash to $47.00 per share in cash. In addition, the termination fee to be paid by the Company upon termination of the Amended Merger Agreement under certain circumstances was increased from $5 million to $12.5 million. Pursuant to the terms of the Amendment, TransDigm will be obligated to pay the Servotronics a reverse termination fee of $25 million upon termination of the Amended Merger Agreement under certain circumstances. Michael C. Donlon, Esq of Bond, Schoeneck & King, PLLC acted as legal advisor for Servotronics, Inc. John Allotta and John Harrington of Baker & Hostetler LLP acted as legal advisor for TransDigm Group Incorporated. Houlihan Lokey, Inc. acted as financial advisor for Servotronics, Inc. Houlihan Lokey, Inc. acted as fairness opinion provider for Servotronics, Inc. TransDigm Group Incorporated (NYSE:TDG) completed the acquisition of Servotronics, Inc. (NYSEAM:SVT) from Paul Snyder III and other shareholder on July 1, 2025. Each outstanding share of Servotronics' common stock that was not validly tendered in the tender offer will be converted into the right to receive an amount equal to the tender offer price.Board Change • Jul 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Paul Snyder was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 20TransDigm Group Incorporated (NYSE:TDG) agreed to acquire Servotronics, Inc. (NYSEAM:SVT) for $98.4 million.TransDigm Group Incorporated (NYSE:TDG) agreed to acquire Servotronics, Inc. (NYSEAM:SVT) for $98.4 million on May 18, 2025. A cash consideration valued at $38.5 per share will be paid by TransDigm Group Incorporated. In case of termination of transaction, seller will pay a termination fee of $5 million. Following the purchase of shares through the tender offer, TransDigm will complete the acquisition of Servotronics by acquiring all remaining shares not acquired in the offer through a merger at the same price as the tender offer. The acquisition will be funded with TransDigm's cash on hand and is not subject to any financing conditions. Under the terms of the merger agreement, the parties anticipate that TransDigm will commence a cash tender offer for all of the outstanding shares of Servotronics on or before June 9, 2025. The transaction is subject to approval of merger agreement by target board and minimum tender. The deal has been unanimously approved by the board of Servotronics. Michael C. Donlon, Esq of Bond, Schoeneck & King, PLLC acted as legal advisor for Servotronics, Inc. John Allotta and John Harrington of Baker & Hostetler LLP acted as legal advisor for TransDigm Group Incorporated. Houlihan Lokey, Inc. acted as financial advisor for Servotronics, Inc. Houlihan Lokey, Inc. acted as fairness opinion provider for Servotronics, Inc.New Risk • May 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 85% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (85% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$26.1m market cap).お知らせ • May 14Beaver Hollow Wellness Files an Investor Presentation to Shareholders of ServotronicsOn May 13, 2025, Beaver Hollow Wellness, LLC issued an investor presentation with regard to its filing of a definitive proxy statement and accompanying white proxy card on May 2, 2025, with respect to Beaver Hollow Wellness, LLC’s director nominees to be voted on at the 2025 annual meeting of shareholders of Servotronics, Inc. scheduled to be held on June 3, 2025.お知らせ • May 13Beaver Hollow Wellness Provides Information to ShareholdersOn May 13, 2025, Beaver Hollow Wellness, LLC stated that Servotronics, Inc’s board has been secretive and defiant, refusing to disclose critical information and meet with the Beaver Hollow Wellness, the Company Board's actions suggest a possible sale or dismantling of the company without stakeholder input, and Beaver Hollow Wellness has continually pressed for improved transparency, accountability, and oversight from the Company's directors, instead, the Company board has refused every reasonable offer to work collaboratively with it and ignored Beaver Hollow Wellness’s requests to examine corporate records including those concerning a potential sale of the Company, while utilizing delay tactics in responding to lawful requests under Delaware General Corporation Law. Further, Beaver Hollow Wellness urged the shareholders of the Company to vote for the election of Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp and Charles C. Alfiero to the Company board to restore independent oversight, protect jobs, and give this Company a future, at the annual meeting of shareholders.Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.057 (vs US$0.15 loss in 1Q 2024)First quarter 2025 results: EPS: US$0.057 (up from US$0.15 loss in 1Q 2024). Revenue: US$11.7m (up 12% from 1Q 2024). Net income: US$145.0k (up US$511.0k from 1Q 2024). Profit margin: 1.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • May 03Beaver Hollow Wellness Sends Letter to Shareholders of ServotronicsOn May 2, 2025, Beaver Hollow Wellness announced that it has sent a letter to shareholders of Servotronics, Inc, stating that it has filed a definitive proxy statement with Securities and Exchange Commission to elect 4 new director nominees Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp, and Charles C. Alfiero to the Company board. Beaver Hollow Wellness criticized the current board for years of declining shareholder value, poor financial health, and high executive compensation despite underperformance, and current board has embedded provisions in contracts that protect insiders from losing their positions, which it views as anti-shareholder governance, and expressed concern over the board's handling of the strategic review process, suggesting it lacks proper engagement with shareholders and transparency. In addition, Beaver Hollow Wellness urged the shareholders of the Company to vote for its nominees at the annual meeting of shareholders scheduled to be held on June 3, 2025.お知らせ • Apr 28Servotronics, Inc., Annual General Meeting, Jun 03, 2025Servotronics, Inc., Annual General Meeting, Jun 03, 2025.お知らせ • Apr 24Beaver Hollow Wellness Responds to Servotronics' Proxy StatementOn April 23, 2025, Beaver Hollow Wellness, LLC announced that it has issued a statement in response to the Company’s amended proxy statement filed April 22, 2025, and stating that the Company’s filing is a clear sign of a board under pressure and out of touch, and Beaver Hollow criticizes Company’s amended proxy statement, claiming it shows the board is under pressure and disconnected from shareholder interests, Company’s board has inserted a clause that could trigger accelerated equity awards and severance benefits for executives if a majority of directors are replaced. In addition, Beaver Hollow stated that the board is focusing on granting excessive payouts to executives, contrasting this with Beaver Hollow 's goal of fair, transparent, and performance-based executive compensation, and Beaver Hollow aims to implement lean manufacturing principles, overhaul supply chain operations, and ensure zero-defect deliverability, prioritizing shareholder interests and operational excellence. Further, Beaver Hollow urged the shareholders of the Company to reject Company proposals and vote for its board nominees as part of its SAVE Servotronics plan.お知らせ • Apr 21Beaver Hollow Wellness Provides Information to Shareholders of ServotronicsOn April 21, 2025, Beaver Hollow Wellness, LLC announced that it has nominated candidates to the Company board due to concerns over the company's strategic direction and financial issues, and the Company is exploring strategic alternatives, including a potential sale, which Snyder warns could jeopardize jobs at the Elma, N.Y. plant. In addition, the Company detailing the events, including the 2023 sale of Company’s Ontario Knife Co. subsidiary, resulting in financial losses and job cuts, criticizes the high executive compensation amid ongoing losses, and Paul Snyder stated that former COO Harrison Kelly supports his efforts, warning that a sale could lead to job losses in Western New York, and Snyder rebuts Company’s proxy statement, accusing the board of misleading shareholders and failing in management.お知らせ • Mar 26Star Equity Fund Calls on Servotronics to Explore Strategic AlternativesOn March 25, 2025, Star Equity Fund LP commented on Servotronics Inc announcement that its board of directors has commenced a review of strategic alternatives and Star Equity Fund stated that it believes the review of strategic alternatives should have been initiated sooner, emphasizes the need for a thorough and competitive process to maximize value for shareholders, believing Company's shares are substantially undervalued. Star Equity Fund has been urging Company’s Board to improve corporate governance and maximize shareholder value since 2022, and the Company sold its non-core Consumer Products division in August 2023.お知らせ • Mar 20Beaver Hollow Provides Information to Shareholders of ServotronicsOn March 20, 2025, Beaver Hollow Wellness LLC announced that its Paul L. Snyder III, Chief Executive Officer was quoted in the following article published by Buffalo Business First, stating that Servotronics Inc reviewing strategic alternatives due to industry challenges and pressure from shareholder, Paul L. Snyder III, and the options include selling the company, seeking investments, or continuing its current path. Despite recent improvements in revenue and reduced losses, the Company faces market turbulence from major clients like Boeing and Airbus. Snyder is pushing for board changes due to dissatisfaction with current leadership, and the company has hired advisors for this review but has not set a timeline for decisions.お知らせ • Mar 19Paul L. Snyder Provides Information to Shareholders of ServotronicsOn March 18, 2025, Paul L. Snyder III, Chief Executive Officer of Beaver Hollow Wellness, announced concerns about Servotronics, Inc.'s future under current leadership and urged the board to consider his proposal for restoring financial discipline at the Company’s annual shareholders meeting.Reported Earnings • Mar 18Full year 2024 earnings released: US$0.60 loss per share (vs US$1.44 loss in FY 2023)Full year 2024 results: US$0.60 loss per share (improved from US$1.44 loss in FY 2023). Revenue: US$44.9m (up 3.0% from FY 2023). Net loss: US$1.51m (loss narrowed 57% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Feb 22Beaver Hollow Wellness Provides Information to Shareholders of ServotronicsOn February 21, 2025, Paul L. Snyder III, Chief Executive Officer of Beaver Hollow Wellness, LLC, was quoted in an article published by the Buffalo News in connection with Servotronics, Inc.’s annual shareholders meeting.お知らせ • Feb 05Beaver Hollow Wellness Provides Information to Shareholders of ServotronicsOn February 5, 2025, Beaver Hollow Wellness LLC announced that it has made efforts to collaborate with the Servotronics Inc Board of Directors and its leadership, it has offered executive support, offered to make strategic industry connections, and offered to uncover untapped asset value all in an effort to support the Company’s success, and these offers were repeatedly declined, as a result, Company customers, along with its shareholders and employees, have faced mounting frustration, along with a significant decline in shareholder value. Beaver Hollow Wellness believed that the Board and CEO have failed to deliver the necessary outcomes to stabilize the business and create wealth for all stakeholders. In addition, Beaver Hollow Wellness issued the Key Objectives of its proposal which are 1) rapidly improve manufacturing capabilities, 2) regain customer confidence, 3) restore employee morale, and 4) reverse the devasting decline in shareholder value. Beaver Hollow Wellness implementing the outlined strategic initiatives, Company can reverse its downward trajectory and achieve sustainable growth.New Risk • Nov 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$62k sold). Market cap is less than US$100m (US$28.3m market cap).Reported Earnings • Nov 09Third quarter 2024 earnings released: US$0.18 loss per share (vs US$0.074 profit in 3Q 2023)Third quarter 2024 results: US$0.18 loss per share (down from US$0.074 profit in 3Q 2023). Revenue: US$12.4m (up 7.3% from 3Q 2023). Net loss: US$453.0k (down 349% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.New Risk • Nov 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$102k sold). Market cap is less than US$100m (US$29.3m market cap).Recent Insider Transactions Derivative • Aug 14Chief Technical Officer notifies of intention to sell stockJames Takacs intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of August. If the sale is conducted around the recent share price of US$12.04, it would amount to US$78k. Since December 2023, James' direct individual holding has increased from 39.70k shares to 40.90k. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: US$0.23 (vs US$1.33 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.23 (up from US$1.33 loss in 2Q 2023). Revenue: US$12.3m (up 15% from 2Q 2023). Net income: US$568.0k (up US$3.85m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Board Change • Aug 06High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Chairman Chris Marks is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 02Servotronics, Inc. Announces Demise of Edward C. Cosgrove, Board MemberServotronics, Inc. announced the death of Director Edward C. Cosgrove. Mr. Cosgrove died on July 4, 2024, after a brief illness. Mr. Cosgrove served as a Special Agent of the Federal Bureau of Investigation and as District Attorney of Erie County, NY prior to practicing civil and criminal litigation as well as corporate legal counsel at the Cosgrove Law Firm. He had been associated with Servotronics for many years and served as a member of the Board of Directors since 2012. The Servotronics Board has decided to decrease the size of the Board from six to five members at this time rather than replace the Director role held by Mr. Cosgrove.お知らせ • Jul 03Servotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value IndexServotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value IndexReported Earnings • May 12First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.34 loss in 1Q 2023)First quarter 2024 results: US$0.15 loss per share (improved from US$0.34 loss in 1Q 2023). Revenue: US$10.4m (up 15% from 1Q 2023). Net loss: US$366.0k (loss narrowed 56% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.お知らせ • Apr 12Servotronics, Inc., Annual General Meeting, May 10, 2024Servotronics, Inc., Annual General Meeting, May 10, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect each of the six director nominees identified in the accompanying proxy statement to serve until the 2025 Annual Meeting of Shareholders and until such directors’ successors shall have been elected and qualified; to approve, in an advisory vote, executive compensation; to ratify the appointment of Freed Maxick CPAs, P.C. as independent registered public accounting firm for the 2024 fiscal year; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.New Risk • Mar 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (US$31.5m market cap).お知らせ • Mar 24Servotronics, Inc. Provides Revenue Guidance for the Year 2024Servotronics, Inc. provided revenue guidance for the year 2024. For the period, the company is optimistic for a strong year-over-year revenue growth each quarter and a return to annual profitability. Similar to 2023, The company expects quarterly revenue to see steady improvements as the year unfolds.Reported Earnings • Mar 24Full year 2023 earnings released: US$1.44 loss per share (vs US$0.87 loss in FY 2022)Full year 2023 results: US$1.44 loss per share (further deteriorated from US$0.87 loss in FY 2022). Revenue: US$43.6m (up 24% from FY 2022). Net loss: US$3.55m (loss widened 69% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.お知らせ • Feb 01Servotronics, Inc. Appoints Harrison W. Kelly III as Chief Operating OfficerServotronics, Inc. announced that Harrison W. Kelly III has been appointed as its new Chief Operating Officer (COO). With over twenty years of experience in executive operations leadership and practical engineering across aerospace, automotive and medical device manufacturing, Dr. Kelly brings a wealth of expertise to lead the Company's operational and strategic initiatives. As the COO of Servotronics, Dr. Kelly will play a pivotal role in leading the Company's operations to meet the growing needs of its customers in the commercial aerospace industry, while supporting growth initiatives in other markets. He will be focused on developing a robust overall supply chain through continuous improvement and quality initiatives, which is in alignment with the Company's long-term strategic plan. Dr. Kelly's track record of technical expertise, experience and success underscores the Company's dedication to innovation and excellence in the dynamic aerospace industry. Prior to joining Servotronics, Dr. Kelly served as the President of ProVision, LLC. where he focused on developing quality and regulatory management systems and designing customized operational plans to improve efficiencies and reduce costs. Dr. Kelly has also served as the Chief Quality Officer, Director of Engineering, Director of Operations, and Director of Quality Management Systems at Curbell, Inc.Dr. Kelly has previously been appointed as Professor of Practice and Director of Undergraduate Studies at the University at Buffalo, and has authored multiple book chapters and technical publications. Dr. Kelly was awarded Best Teaching Faculty of the Year by the School of Engineering and Applied Sciences University at Buffalo in 2021 and won the Impact Teacher Award from the National Society of Leadership and Success in 2022. Dr. Kelly earned his Ph.D. in Industrial and Systems Engineering from the University at Buffalo, a Master of Science in Applied and Mathematical Statistics from the Rochester Institute of Technology, and a Bachelor of Arts in Theoretical Statistics from the University at Buffalo.お知らせ • Aug 17Servotronics, Inc. Appoints Francisco Tizón as Director of Sales & MarketingServotronics, Inc. announced that it has strengthened its sales and marketing team with the hiring of Francisco Tizón as Director of Sales & Marketing. Mr. Tizón joins Servotronics with over 30 years of experience managing global sales, services, program management and commercial functions with the world's power and engine market leaders. Reporting directly to Servotronics' Chief Executive Officer William F. Farrell, Jr., Mr. Tizón will be leading the effective execution of the Company's sales strategy through both existing and new business channels in key end markets. In alignment with the Company's long-term strategic plan, Mr. Tizón will be focused on strengthening relationships with current customers and identifying opportunities in previously untapped adjacent markets. He will also elevate the Company's marketing initiatives by engaging in new channel marketing strategies. Mr. Tizón honed his management skills in roles of increasing responsibility with Rolls-Royce, GE Energy, and Pratt & Whitney, led new business development for both legacy and next generation programs, as well as with private-equity firms. Mr. Tizón is multilingual and has managed businesses in every region of the world. He is a former air force pilot and flew various types of aircraft including the Hercules C-130 and Antonov An-32. Mr. Tizón received a Master of Business Administration in International Operations from Emory University and a Bachelor of Science degree in Aeronautical Science from the Peruvian Air Force Officer's Academy in Lima, Perú.New Risk • Aug 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (US$28.1m market cap).Reported Earnings • Aug 11Second quarter 2023 earnings released: US$1.33 loss per share (vs US$0.33 loss in 2Q 2022)Second quarter 2023 results: US$1.33 loss per share (further deteriorated from US$0.33 loss in 2Q 2022). Revenue: US$10.6m (down 5.2% from 2Q 2022). Net loss: US$3.28m (loss widened 305% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.お知らせ • Jul 15Blue Ridge Knives, Inc. entered into an Asset Purchase Agreement to acquire The Ontario Knife Co from Servotronics, Inc. (NYSEAM:SVT) for $2.1 million.Blue Ridge Knives, Inc. entered into an Asset Purchase Agreement to acquire The Ontario Knife Co from Servotronics, Inc. (NYSEAM:SVT) for $2.1 million on July 10, 2023. Under the terms of the transaction, Blue Ridge will pay $2.1 million for substantially all of the inventory, intellectual property assets, tangible personal property and goodwill of The Ontario Knife Co , subject to adjustment based on inventory values at closing. The transaction is expected to close on August 1, 2023.お知らせ • Jul 14Servotronics, Inc. Appoints James C. Takacs as Chief Technical OfficerServotronics, Inc. has appointed James C. Takacs as the Company’s Chief Technical Officer effective July 10, 2023. Mr. Takacs previously served as Chief Operating Officer of the Company since May 2018. The Company is currently conducting an executive search and anticipates appointing a new Chief Operating Officer in the third quarter of 2023.お知らせ • Jun 01Star Equity Fund Calls on Servotronics Board to Conduct Strategic Review for All AssetsOn May 31, 2023, Star Equity Fund, LP announced that it calls on Servotronics, Inc.’s Board to conduct a strategic review for all its assets. In addition, Star Equity Fund urges all stockholders to vote withhold on the re-election of incumbent board members Edward Cosgrove, Christopher Marks, and William Farrell at the Company’s 2023 annual meeting of shareholders scheduled to be held on June 9, 2023.Reported Earnings • May 15First quarter 2023 earnings released: US$0.63 loss per share (vs US$0.13 profit in 1Q 2022)First quarter 2023 results: US$0.63 loss per share (down from US$0.13 profit in 1Q 2022). Revenue: US$10.8m (down 3.3% from 1Q 2022). Net loss: US$1.55m (down US$1.87m from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • May 04Servotronics, Inc., Annual General Meeting, Jun 09, 2023Servotronics, Inc., Annual General Meeting, Jun 09, 2023, at 09:00 Eastern Daylight. Agenda: To consider directors elections; to consider Ratification of the appointment of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the 2023 fiscal year; and to consider other matters.Reported Earnings • Apr 02Full year 2022 earnings released: US$0.88 loss per share (vs US$1.68 profit in FY 2021)Full year 2022 results: US$0.88 loss per share (down from US$1.68 profit in FY 2021). Revenue: US$43.8m (up 8.0% from FY 2021). Net loss: US$2.12m (down 152% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.お知らせ • Feb 16Servotronics, Inc. Announces Board ChangesServotronics, Inc. announced the appointment of Brent D. Baird to the Board and the entry into a Cooperation Agreement between the Company and Mr. Baird. Mr. Baird will serve as a director effective February 16, 2023, with an initial term through the Company's 2023 Annual Meeting of Shareholders, and the Company has agreed to include Mr. Baird in the Company's slate of director nominees for election at the 2023 Annual Meeting. As a result of other commitments, Lucion P. Gygax has resigned from the Board effective February 14, 2023. Under the terms of the Cooperation Agreement, Mr. Baird has agreed to customary voting provisions until June 30, 2024, subject to earlier termination in certain circumstances. The Cooperation Agreement will be included as an exhibit to the Company's current report on Form 8-K, which will be filed with the Securities and Exchange Commission. Mr. Baird is a private investor and owns approximately 10.9% of the Company's common stock. He is the former President and Chief Executive Officer of Merchants Group Inc. and a former general partner of Trubee, Collins & Co., Inc. Mr. Baird served as a director of M&T Bank from 1983 to 2020 and a director of Todd Shipyards Corporation from 1992 to 2011. Mr. Baird has significant investment management and corporate governance expertise, having served in numerous executive positions in public and private companies. Mr. Baird holds a Bachelor of Arts with Honors from Williams College.お知らせ • Feb 15Star Equity Fund Provide Information to Shareholders of Servotronics IncOn February 14, 2023, Star Equity Fund LP announced that it has nominated 6 candidates to the Servotronics Inc board and stated that it intends to file a definitive proxy statement with SEC in connection with solicitation of proxies from the shareholders of the Company to vote for its board nominees at the 2023 annual meeting of shareholders. In addition, Star Equity highlighting the Company’s action in creating policies in connection with candidate nominations, new disclosure measures. Further, Star Equity highlighting the shareholders votes, against the Company directors in the 2022 annual meeting.Recent Insider Transactions • Jan 20Insider recently bought US$131k worth of stockOn the 18th of January, Brent Baird bought around 12k shares on-market at roughly US$11.21 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$991k more in shares than they have sold in the last 12 months.Reported Earnings • Nov 17Third quarter 2022 earnings released: US$0.13 loss per share (vs US$1.34 profit in 3Q 2021)Third quarter 2022 results: US$0.13 loss per share (down from US$1.34 profit in 3Q 2021). Revenue: US$11.0m (flat on 3Q 2021). Net loss: US$316.0k (down 110% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Nov 15Servotronics, Inc. Provides Revenue Guidance for the Fourth Quarter 2022 and Full Year of 2023Servotronics, Inc. provided revenue guidance for the fourth quarter 2022 and Full Year of 2023. Consolidated revenue is expected to continue in the fourth quarter of 2022 and into 2023 as compared to the same periods in prior years.Reported Earnings • Aug 17Second quarter 2022 earnings released: US$0.33 loss per share (vs US$0.49 profit in 2Q 2021)Second quarter 2022 results: US$0.33 loss per share (down from US$0.49 profit in 2Q 2021). Revenue: US$11.2m (up 12% from 2Q 2021). Net loss: US$810.0k (down 168% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Board Change • May 31High number of new directorsIndependent Director Karen Howard was the last director to join the board, commencing their role in 2022.お知らせ • May 26Star Equity Fund Encourages Servotronics Shareholders to Withhold Vote on the Re-Election of Ed Cosgrove and Lucion GygaxOn May 24, 2022, Star Equity Fund, LP announced that it urged Servotronics shareholders to vote withhold on the re-election of incumbent board members Ed Cosgrove and Lucion Gygax at the Company’s 2022 Annual Meeting of Shareholders, which will be held virtually on June 10, 2022.Reported Earnings • May 18First quarter 2022 earnings released: EPS: US$0.13 (vs US$0.23 in 1Q 2021)First quarter 2022 results: EPS: US$0.13 (down from US$0.23 in 1Q 2021). Revenue: US$11.2m (up 23% from 1Q 2021). Net income: US$325.0k (down 40% from 1Q 2021). Profit margin: 2.9% (down from 6.0% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • May 17Servotronics, Inc., Annual General Meeting, Jun 10, 2022Servotronics, Inc., Annual General Meeting, Jun 10, 2022, at 09:00 Eastern Daylight. Agenda: To consider election of six directors to serve until the 2023 Annual Meeting of Shareholders of the company and until such directors' successors shall have been elected and qualified; to consider advisory approval of the compensation of our named executive officers for 2021; to consider approval of the Servotronics, Inc. 2022 equity incentive plan; to consider ratification of the appointment of Freed Maxick CPAs, P.C. as the company's independent registered public accounting firm for the 2022 fiscal year; and to consider other matters.お知らせ • May 14Star Equity Fund LP Provides Information to Shareholders of Servotronics IncOn May 13, 2022, Star Equity Fund LP highlighting the changes happening in Servotronics Inc because of its ongoing campaign against the Company. In addition, Star Equity Fund LP announced that it intends to file with SEC and urged the shareholders of the Company to vote for its board nominees at the 2022 annual meeting of stockholders.お知らせ • Apr 28Servotronics, Inc. Announces Board ChangesThe Board of Servotronics, Inc. announced that Evan Wax and Karen L. Howard have joined the Board as independent directors. In addition, sitting independent director Christopher M. Marks was appointed Chairman of the Board. Mr. Wax was appointed to the Servotronics Board in April 2022. He is Managing Member of Wax Asset Management LLC in Madison, CT, which has held Servotronics common stock since October 2014. Ms. Howard was appointed to the Servotronics Board in April 2022. She has more than 30 years of professional experience as an advisor to and finance executive with public companies, as well as a proven record of board leadership. She retired in 2020 after serving for seven years as Executive Vice President of Kei Advisors LLC. Mr. Marks was appointed Chairman of the Servotronics Board in April 2022 and has served as an independent director of the company since 2016. He has served as Chair of the Audit Committee and member of the Compensation Committee and Nominating and Corporate Governance Committee. The Board does not intend to renominate the company's former Chairman and CEO Kenneth D. Trbovich for election to the Board at the next annual meeting of shareholders.Board Change • Apr 27High number of new directorsDirector & CEO Bill Farrell was the last director to join the board, commencing their role in 2022.お知らせ • Apr 22+ 1 more updateServotronics, Inc. Appoints William F. Farrell, Jr. as Chief Executive OfficerThe Board of Servotronics, Inc. announced that it appointed William F. Farrell, Jr. to serve as Chief Executive Officer of the designer and manufacturer of servo-control components and other advanced technology products, effective April 25. Mr. Farrell joins Servotronics following a more than 30-year career with Western New York-based Moog Inc., where he ran businesses with up to $600 million in annual revenues, 1,400 employees and global facilities, achieved significant sales and operating margin growth, and led successful quality, on-time delivery and safety improvement efforts. Most recently, he served two years as Site General Manager for Moog's Aircraft Group, which supports military and commercial aerospace applications. Since June 2021, the responsibilities of the CEO and President have been carried out by other personnel, led by Servotronics Chief Operating Officer James C. Takacs, a company veteran who has directly managed its operations, production, and engineering teams for over 15 years.Recent Insider Transactions • Apr 07Insider recently bought US$364k worth of stockOn the 4th of April, Brent Baird bought around 25k shares on-market at roughly US$14.55 per share. In the last 3 months, they made an even bigger purchase worth US$437k. Insiders have collectively bought US$2.1m more in shares than they have sold in the last 12 months.Reported Earnings • Apr 02Full year 2021 earnings released: EPS: US$1.68 (vs US$0.042 in FY 2020)Full year 2021 results: EPS: US$1.68 (up from US$0.042 in FY 2020). Revenue: US$40.6m (down 19% from FY 2020). Net income: US$4.06m (up US$3.96m from FY 2020). Profit margin: 10.0% (up from 0.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Mar 04Star Equity Fund, LP Provides Information to the Shareholders of Servotronics, IncOn March 2, 2022, Star Equity Fund, LP announced that it has nominated a slate of candidates for the election to board of directors of Servotronics, Inc at the 2022 annual general meeting. In addition, Star Equity Fund, LP together with the other participants, intends to file a preliminary proxy statement and accompanying Star Equity Fund, LP proxy card with the Securities and Exchange Commission to be used to solicit votes for the election of its slate of director nominees at the 2022 annual meeting of shareholders of the Company.Recent Insider Transactions • Feb 20Insider recently bought US$437k worth of stockOn the 14th of February, Brent Baird bought around 30k shares on-market at roughly US$14.58 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.8m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Jan 06Insider recently bought US$396k worth of stockOn the 29th of December, Brent Baird bought around 30k shares on-market at roughly US$13.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.3m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Dec 22Insider recently bought US$332k worth of stockOn the 16th of December, Brent Baird bought around 27k shares on-market at roughly US$12.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$940k more in shares than they have sold in the last 12 months.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS US$1.34 (vs US$0.75 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$10.9m (up 6.0% from 3Q 2020). Net income: US$3.24m (up US$5.02m from 3Q 2020). Profit margin: 30% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS US$0.49 (vs US$0.41 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$10.0m (down 26% from 2Q 2020). Net income: US$1.19m (up 23% from 2Q 2020). Profit margin: 12% (up from 7.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Jun 17Montana Advisors Issues Letter to Servotronics On June 16, 2021, Montana Advisors issues open letter to the Board of Directors of Servotronics, Inc. In the letter, Monatna added that the existing management can no longer be trusted to run the Company. In addition, Montana stated that it believes that the Board can no longer be trusted to provide oversight that is in the best interest of shareholders. It is clear that the Company is not run in the best interest of shareholders, and rather it is run as a private Company for the benefit of one person, Kenneth Trbovich. Further, Montana stated that it has demanded the Board form a special committee to begin an immediate sale process of the Company to the highest bidder.お知らせ • Apr 02Servotronics, Inc. announced delayed annual 10-K filingOn 03/31/2021, Servotronics, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.Is New 90 Day High Low • Feb 12New 90-day high: US$9.24The company is up 8.0% from its price of US$8.56 on 12 November 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 29% over the same period.Is New 90 Day High Low • Jan 22New 90-day high: US$8.70The company is up 6.0% from its price of US$8.20 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 31% over the same period.分析記事 • Jan 08Servotronics (NYSEMKT:SVT) Takes On Some Risk With Its Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Nov 30Are Servotronics's (NYSEMKT:SVT) Statutory Earnings A Good Guide To Its Underlying Profitability?Broadly speaking, profitable businesses are less risky than unprofitable ones. However, sometimes companies receive a...Valuation Update With 7 Day Price Move • Nov 21Market pulls back on stock over the past weekAfter last week's 16% share price decline to US$7.15, the stock is trading at a trailing P/E ratio of 13.5x, down from the previous P/E ratio of 16.2x. This compares to an average P/E of 29x in the Electrical industry in the US. Total return to shareholders over the past three years is a loss of 37%.Is New 90 Day High Low • Nov 17New 90-day low: US$7.34The company is down 16% from its price of US$8.76 on 19 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 13% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: US$0.75 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$10.3m (down 17% from 3Q 2019). Net loss: US$1.78m (down 257% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Jul 03Servotronics, Inc.(AMEX:SVT) dropped from Russell Microcap IndexServotronics, Inc.(AMEX:SVT) dropped from Russell Microcap Indexお知らせ • Jul 02Servotronics, Inc.(AMEX:SVT) dropped from Russell Microcap Value IndexServotronics, Inc.(AMEX:SVT) dropped from Russell Microcap Value Index収支内訳Servotronics の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NYSEAM:SVT 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 2546-19031 Dec 2445-29030 Sep 244709030 Jun 244719031 Mar 2445-310031 Dec 2344-410030 Sep 2340-510030 Jun 2337-610031 Mar 2335-48031 Dec 2235-28030 Sep 2237-28030 Jun 223929031 Mar 2241410031 Dec 214149030 Sep 214149030 Jun 2140-18031 Mar 2143-18031 Dec 205008030 Sep 205629030 Jun 205849031 Mar 205949031 Dec 195529030 Sep 195138030 Jun 195138031 Mar 194938031 Dec 184838030 Sep 184738030 Jun 184528031 Mar 184328031 Dec 174118030 Sep 174017030 Jun 173817031 Mar 173927031 Dec 163927030 Sep 163826030 Jun 163926031 Mar 163826031 Dec 153756030 Sep 153646030 Jun 153406031 Mar 153306031 Dec 1432-36030 Sep 1430-360質の高い収益: SVTは現在利益が出ていません。利益率の向上: SVTは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SVTは利益が出ておらず、過去 5 年間で損失は年間43.9%の割合で増加しています。成長の加速: SVTの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: SVTは利益が出ていないため、過去 1 年間の収益成長をElectrical業界 ( 23.1% ) と比較することは困難です。株主資本利益率高いROE: SVTは現在利益が出ていないため、自己資本利益率 ( -4.22% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/07/02 18:11終値2025/06/30 00:00収益2025/03/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Servotronics, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.057 (vs US$0.15 loss in 1Q 2024)First quarter 2025 results: EPS: US$0.057 (up from US$0.15 loss in 1Q 2024). Revenue: US$11.7m (up 12% from 1Q 2024). Net income: US$145.0k (up US$511.0k from 1Q 2024). Profit margin: 1.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 18Full year 2024 earnings released: US$0.60 loss per share (vs US$1.44 loss in FY 2023)Full year 2024 results: US$0.60 loss per share (improved from US$1.44 loss in FY 2023). Revenue: US$44.9m (up 3.0% from FY 2023). Net loss: US$1.51m (loss narrowed 57% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 09Third quarter 2024 earnings released: US$0.18 loss per share (vs US$0.074 profit in 3Q 2023)Third quarter 2024 results: US$0.18 loss per share (down from US$0.074 profit in 3Q 2023). Revenue: US$12.4m (up 7.3% from 3Q 2023). Net loss: US$453.0k (down 349% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: US$0.23 (vs US$1.33 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.23 (up from US$1.33 loss in 2Q 2023). Revenue: US$12.3m (up 15% from 2Q 2023). Net income: US$568.0k (up US$3.85m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 12First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.34 loss in 1Q 2023)First quarter 2024 results: US$0.15 loss per share (improved from US$0.34 loss in 1Q 2023). Revenue: US$10.4m (up 15% from 1Q 2023). Net loss: US$366.0k (loss narrowed 56% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 24Full year 2023 earnings released: US$1.44 loss per share (vs US$0.87 loss in FY 2022)Full year 2023 results: US$1.44 loss per share (further deteriorated from US$0.87 loss in FY 2022). Revenue: US$43.6m (up 24% from FY 2022). Net loss: US$3.55m (loss widened 69% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 02TransDigm Group Incorporated (NYSE:TDG) completed the acquisition of Servotronics, Inc. (NYSEAM:SVT) from Paul Snyder III and other shareholder.TransDigm Group Incorporated (NYSE:TDG) agreed to acquire Servotronics, Inc. (NYSEAM:SVT) from Paul Snyder III and other shareholder for $98.4 million on May 18, 2025. A cash consideration valued at $38.5 per share will be paid by TransDigm Group Incorporated. In case of termination of transaction, Servotronics will pay a termination fee of $5 million. Following the purchase of shares through the tender offer, TransDigm will complete the acquisition of Servotronics by acquiring all remaining shares not acquired in the offer through a merger at the same price as the tender offer. The acquisition will be funded with TransDigm's cash on hand and is not subject to any financing conditions. Under the terms of the merger agreement, the parties anticipate that TransDigm will commence a cash tender offer for all of the outstanding shares of Servotronics on or before June 9, 2025. On June 18, 2025, Servotronics shareholder has filed a complaint in state Supreme Court in Erie County seeking to block proposed acquisition with TransDigm Group Incorporated. Common stock of Servotronics will cease to trade on NYSE American and a notice of delisting with respect to shares of Servotronics is expected to be filed promptly. The transaction is subject to approval of merger agreement by target board and minimum tender. The deal has been unanimously approved by the board of Servotronics. As of May 29, 2025, the Offer Price (as defined in the Merger Agreement) was increased from $38.50 per share in cash to $47.00 per share in cash. In addition, the termination fee to be paid by the Company upon termination of the Amended Merger Agreement under certain circumstances was increased from $5 million to $12.5 million. Pursuant to the terms of the Amendment, TransDigm will be obligated to pay the Servotronics a reverse termination fee of $25 million upon termination of the Amended Merger Agreement under certain circumstances. Michael C. Donlon, Esq of Bond, Schoeneck & King, PLLC acted as legal advisor for Servotronics, Inc. John Allotta and John Harrington of Baker & Hostetler LLP acted as legal advisor for TransDigm Group Incorporated. Houlihan Lokey, Inc. acted as financial advisor for Servotronics, Inc. Houlihan Lokey, Inc. acted as fairness opinion provider for Servotronics, Inc. TransDigm Group Incorporated (NYSE:TDG) completed the acquisition of Servotronics, Inc. (NYSEAM:SVT) from Paul Snyder III and other shareholder on July 1, 2025. Each outstanding share of Servotronics' common stock that was not validly tendered in the tender offer will be converted into the right to receive an amount equal to the tender offer price.
Board Change • Jul 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Paul Snyder was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 20TransDigm Group Incorporated (NYSE:TDG) agreed to acquire Servotronics, Inc. (NYSEAM:SVT) for $98.4 million.TransDigm Group Incorporated (NYSE:TDG) agreed to acquire Servotronics, Inc. (NYSEAM:SVT) for $98.4 million on May 18, 2025. A cash consideration valued at $38.5 per share will be paid by TransDigm Group Incorporated. In case of termination of transaction, seller will pay a termination fee of $5 million. Following the purchase of shares through the tender offer, TransDigm will complete the acquisition of Servotronics by acquiring all remaining shares not acquired in the offer through a merger at the same price as the tender offer. The acquisition will be funded with TransDigm's cash on hand and is not subject to any financing conditions. Under the terms of the merger agreement, the parties anticipate that TransDigm will commence a cash tender offer for all of the outstanding shares of Servotronics on or before June 9, 2025. The transaction is subject to approval of merger agreement by target board and minimum tender. The deal has been unanimously approved by the board of Servotronics. Michael C. Donlon, Esq of Bond, Schoeneck & King, PLLC acted as legal advisor for Servotronics, Inc. John Allotta and John Harrington of Baker & Hostetler LLP acted as legal advisor for TransDigm Group Incorporated. Houlihan Lokey, Inc. acted as financial advisor for Servotronics, Inc. Houlihan Lokey, Inc. acted as fairness opinion provider for Servotronics, Inc.
New Risk • May 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 85% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (85% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$26.1m market cap).
お知らせ • May 14Beaver Hollow Wellness Files an Investor Presentation to Shareholders of ServotronicsOn May 13, 2025, Beaver Hollow Wellness, LLC issued an investor presentation with regard to its filing of a definitive proxy statement and accompanying white proxy card on May 2, 2025, with respect to Beaver Hollow Wellness, LLC’s director nominees to be voted on at the 2025 annual meeting of shareholders of Servotronics, Inc. scheduled to be held on June 3, 2025.
お知らせ • May 13Beaver Hollow Wellness Provides Information to ShareholdersOn May 13, 2025, Beaver Hollow Wellness, LLC stated that Servotronics, Inc’s board has been secretive and defiant, refusing to disclose critical information and meet with the Beaver Hollow Wellness, the Company Board's actions suggest a possible sale or dismantling of the company without stakeholder input, and Beaver Hollow Wellness has continually pressed for improved transparency, accountability, and oversight from the Company's directors, instead, the Company board has refused every reasonable offer to work collaboratively with it and ignored Beaver Hollow Wellness’s requests to examine corporate records including those concerning a potential sale of the Company, while utilizing delay tactics in responding to lawful requests under Delaware General Corporation Law. Further, Beaver Hollow Wellness urged the shareholders of the Company to vote for the election of Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp and Charles C. Alfiero to the Company board to restore independent oversight, protect jobs, and give this Company a future, at the annual meeting of shareholders.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: US$0.057 (vs US$0.15 loss in 1Q 2024)First quarter 2025 results: EPS: US$0.057 (up from US$0.15 loss in 1Q 2024). Revenue: US$11.7m (up 12% from 1Q 2024). Net income: US$145.0k (up US$511.0k from 1Q 2024). Profit margin: 1.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • May 03Beaver Hollow Wellness Sends Letter to Shareholders of ServotronicsOn May 2, 2025, Beaver Hollow Wellness announced that it has sent a letter to shareholders of Servotronics, Inc, stating that it has filed a definitive proxy statement with Securities and Exchange Commission to elect 4 new director nominees Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp, and Charles C. Alfiero to the Company board. Beaver Hollow Wellness criticized the current board for years of declining shareholder value, poor financial health, and high executive compensation despite underperformance, and current board has embedded provisions in contracts that protect insiders from losing their positions, which it views as anti-shareholder governance, and expressed concern over the board's handling of the strategic review process, suggesting it lacks proper engagement with shareholders and transparency. In addition, Beaver Hollow Wellness urged the shareholders of the Company to vote for its nominees at the annual meeting of shareholders scheduled to be held on June 3, 2025.
お知らせ • Apr 28Servotronics, Inc., Annual General Meeting, Jun 03, 2025Servotronics, Inc., Annual General Meeting, Jun 03, 2025.
お知らせ • Apr 24Beaver Hollow Wellness Responds to Servotronics' Proxy StatementOn April 23, 2025, Beaver Hollow Wellness, LLC announced that it has issued a statement in response to the Company’s amended proxy statement filed April 22, 2025, and stating that the Company’s filing is a clear sign of a board under pressure and out of touch, and Beaver Hollow criticizes Company’s amended proxy statement, claiming it shows the board is under pressure and disconnected from shareholder interests, Company’s board has inserted a clause that could trigger accelerated equity awards and severance benefits for executives if a majority of directors are replaced. In addition, Beaver Hollow stated that the board is focusing on granting excessive payouts to executives, contrasting this with Beaver Hollow 's goal of fair, transparent, and performance-based executive compensation, and Beaver Hollow aims to implement lean manufacturing principles, overhaul supply chain operations, and ensure zero-defect deliverability, prioritizing shareholder interests and operational excellence. Further, Beaver Hollow urged the shareholders of the Company to reject Company proposals and vote for its board nominees as part of its SAVE Servotronics plan.
お知らせ • Apr 21Beaver Hollow Wellness Provides Information to Shareholders of ServotronicsOn April 21, 2025, Beaver Hollow Wellness, LLC announced that it has nominated candidates to the Company board due to concerns over the company's strategic direction and financial issues, and the Company is exploring strategic alternatives, including a potential sale, which Snyder warns could jeopardize jobs at the Elma, N.Y. plant. In addition, the Company detailing the events, including the 2023 sale of Company’s Ontario Knife Co. subsidiary, resulting in financial losses and job cuts, criticizes the high executive compensation amid ongoing losses, and Paul Snyder stated that former COO Harrison Kelly supports his efforts, warning that a sale could lead to job losses in Western New York, and Snyder rebuts Company’s proxy statement, accusing the board of misleading shareholders and failing in management.
お知らせ • Mar 26Star Equity Fund Calls on Servotronics to Explore Strategic AlternativesOn March 25, 2025, Star Equity Fund LP commented on Servotronics Inc announcement that its board of directors has commenced a review of strategic alternatives and Star Equity Fund stated that it believes the review of strategic alternatives should have been initiated sooner, emphasizes the need for a thorough and competitive process to maximize value for shareholders, believing Company's shares are substantially undervalued. Star Equity Fund has been urging Company’s Board to improve corporate governance and maximize shareholder value since 2022, and the Company sold its non-core Consumer Products division in August 2023.
お知らせ • Mar 20Beaver Hollow Provides Information to Shareholders of ServotronicsOn March 20, 2025, Beaver Hollow Wellness LLC announced that its Paul L. Snyder III, Chief Executive Officer was quoted in the following article published by Buffalo Business First, stating that Servotronics Inc reviewing strategic alternatives due to industry challenges and pressure from shareholder, Paul L. Snyder III, and the options include selling the company, seeking investments, or continuing its current path. Despite recent improvements in revenue and reduced losses, the Company faces market turbulence from major clients like Boeing and Airbus. Snyder is pushing for board changes due to dissatisfaction with current leadership, and the company has hired advisors for this review but has not set a timeline for decisions.
お知らせ • Mar 19Paul L. Snyder Provides Information to Shareholders of ServotronicsOn March 18, 2025, Paul L. Snyder III, Chief Executive Officer of Beaver Hollow Wellness, announced concerns about Servotronics, Inc.'s future under current leadership and urged the board to consider his proposal for restoring financial discipline at the Company’s annual shareholders meeting.
Reported Earnings • Mar 18Full year 2024 earnings released: US$0.60 loss per share (vs US$1.44 loss in FY 2023)Full year 2024 results: US$0.60 loss per share (improved from US$1.44 loss in FY 2023). Revenue: US$44.9m (up 3.0% from FY 2023). Net loss: US$1.51m (loss narrowed 57% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 22Beaver Hollow Wellness Provides Information to Shareholders of ServotronicsOn February 21, 2025, Paul L. Snyder III, Chief Executive Officer of Beaver Hollow Wellness, LLC, was quoted in an article published by the Buffalo News in connection with Servotronics, Inc.’s annual shareholders meeting.
お知らせ • Feb 05Beaver Hollow Wellness Provides Information to Shareholders of ServotronicsOn February 5, 2025, Beaver Hollow Wellness LLC announced that it has made efforts to collaborate with the Servotronics Inc Board of Directors and its leadership, it has offered executive support, offered to make strategic industry connections, and offered to uncover untapped asset value all in an effort to support the Company’s success, and these offers were repeatedly declined, as a result, Company customers, along with its shareholders and employees, have faced mounting frustration, along with a significant decline in shareholder value. Beaver Hollow Wellness believed that the Board and CEO have failed to deliver the necessary outcomes to stabilize the business and create wealth for all stakeholders. In addition, Beaver Hollow Wellness issued the Key Objectives of its proposal which are 1) rapidly improve manufacturing capabilities, 2) regain customer confidence, 3) restore employee morale, and 4) reverse the devasting decline in shareholder value. Beaver Hollow Wellness implementing the outlined strategic initiatives, Company can reverse its downward trajectory and achieve sustainable growth.
New Risk • Nov 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$62k sold). Market cap is less than US$100m (US$28.3m market cap).
Reported Earnings • Nov 09Third quarter 2024 earnings released: US$0.18 loss per share (vs US$0.074 profit in 3Q 2023)Third quarter 2024 results: US$0.18 loss per share (down from US$0.074 profit in 3Q 2023). Revenue: US$12.4m (up 7.3% from 3Q 2023). Net loss: US$453.0k (down 349% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
New Risk • Nov 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$102k sold). Market cap is less than US$100m (US$29.3m market cap).
Recent Insider Transactions Derivative • Aug 14Chief Technical Officer notifies of intention to sell stockJames Takacs intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of August. If the sale is conducted around the recent share price of US$12.04, it would amount to US$78k. Since December 2023, James' direct individual holding has increased from 39.70k shares to 40.90k. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: US$0.23 (vs US$1.33 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.23 (up from US$1.33 loss in 2Q 2023). Revenue: US$12.3m (up 15% from 2Q 2023). Net income: US$568.0k (up US$3.85m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Board Change • Aug 06High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Chairman Chris Marks is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 02Servotronics, Inc. Announces Demise of Edward C. Cosgrove, Board MemberServotronics, Inc. announced the death of Director Edward C. Cosgrove. Mr. Cosgrove died on July 4, 2024, after a brief illness. Mr. Cosgrove served as a Special Agent of the Federal Bureau of Investigation and as District Attorney of Erie County, NY prior to practicing civil and criminal litigation as well as corporate legal counsel at the Cosgrove Law Firm. He had been associated with Servotronics for many years and served as a member of the Board of Directors since 2012. The Servotronics Board has decided to decrease the size of the Board from six to five members at this time rather than replace the Director role held by Mr. Cosgrove.
お知らせ • Jul 03Servotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value IndexServotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value Index
Reported Earnings • May 12First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.34 loss in 1Q 2023)First quarter 2024 results: US$0.15 loss per share (improved from US$0.34 loss in 1Q 2023). Revenue: US$10.4m (up 15% from 1Q 2023). Net loss: US$366.0k (loss narrowed 56% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 12Servotronics, Inc., Annual General Meeting, May 10, 2024Servotronics, Inc., Annual General Meeting, May 10, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect each of the six director nominees identified in the accompanying proxy statement to serve until the 2025 Annual Meeting of Shareholders and until such directors’ successors shall have been elected and qualified; to approve, in an advisory vote, executive compensation; to ratify the appointment of Freed Maxick CPAs, P.C. as independent registered public accounting firm for the 2024 fiscal year; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.
New Risk • Mar 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (US$31.5m market cap).
お知らせ • Mar 24Servotronics, Inc. Provides Revenue Guidance for the Year 2024Servotronics, Inc. provided revenue guidance for the year 2024. For the period, the company is optimistic for a strong year-over-year revenue growth each quarter and a return to annual profitability. Similar to 2023, The company expects quarterly revenue to see steady improvements as the year unfolds.
Reported Earnings • Mar 24Full year 2023 earnings released: US$1.44 loss per share (vs US$0.87 loss in FY 2022)Full year 2023 results: US$1.44 loss per share (further deteriorated from US$0.87 loss in FY 2022). Revenue: US$43.6m (up 24% from FY 2022). Net loss: US$3.55m (loss widened 69% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 01Servotronics, Inc. Appoints Harrison W. Kelly III as Chief Operating OfficerServotronics, Inc. announced that Harrison W. Kelly III has been appointed as its new Chief Operating Officer (COO). With over twenty years of experience in executive operations leadership and practical engineering across aerospace, automotive and medical device manufacturing, Dr. Kelly brings a wealth of expertise to lead the Company's operational and strategic initiatives. As the COO of Servotronics, Dr. Kelly will play a pivotal role in leading the Company's operations to meet the growing needs of its customers in the commercial aerospace industry, while supporting growth initiatives in other markets. He will be focused on developing a robust overall supply chain through continuous improvement and quality initiatives, which is in alignment with the Company's long-term strategic plan. Dr. Kelly's track record of technical expertise, experience and success underscores the Company's dedication to innovation and excellence in the dynamic aerospace industry. Prior to joining Servotronics, Dr. Kelly served as the President of ProVision, LLC. where he focused on developing quality and regulatory management systems and designing customized operational plans to improve efficiencies and reduce costs. Dr. Kelly has also served as the Chief Quality Officer, Director of Engineering, Director of Operations, and Director of Quality Management Systems at Curbell, Inc.Dr. Kelly has previously been appointed as Professor of Practice and Director of Undergraduate Studies at the University at Buffalo, and has authored multiple book chapters and technical publications. Dr. Kelly was awarded Best Teaching Faculty of the Year by the School of Engineering and Applied Sciences University at Buffalo in 2021 and won the Impact Teacher Award from the National Society of Leadership and Success in 2022. Dr. Kelly earned his Ph.D. in Industrial and Systems Engineering from the University at Buffalo, a Master of Science in Applied and Mathematical Statistics from the Rochester Institute of Technology, and a Bachelor of Arts in Theoretical Statistics from the University at Buffalo.
お知らせ • Aug 17Servotronics, Inc. Appoints Francisco Tizón as Director of Sales & MarketingServotronics, Inc. announced that it has strengthened its sales and marketing team with the hiring of Francisco Tizón as Director of Sales & Marketing. Mr. Tizón joins Servotronics with over 30 years of experience managing global sales, services, program management and commercial functions with the world's power and engine market leaders. Reporting directly to Servotronics' Chief Executive Officer William F. Farrell, Jr., Mr. Tizón will be leading the effective execution of the Company's sales strategy through both existing and new business channels in key end markets. In alignment with the Company's long-term strategic plan, Mr. Tizón will be focused on strengthening relationships with current customers and identifying opportunities in previously untapped adjacent markets. He will also elevate the Company's marketing initiatives by engaging in new channel marketing strategies. Mr. Tizón honed his management skills in roles of increasing responsibility with Rolls-Royce, GE Energy, and Pratt & Whitney, led new business development for both legacy and next generation programs, as well as with private-equity firms. Mr. Tizón is multilingual and has managed businesses in every region of the world. He is a former air force pilot and flew various types of aircraft including the Hercules C-130 and Antonov An-32. Mr. Tizón received a Master of Business Administration in International Operations from Emory University and a Bachelor of Science degree in Aeronautical Science from the Peruvian Air Force Officer's Academy in Lima, Perú.
New Risk • Aug 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (US$28.1m market cap).
Reported Earnings • Aug 11Second quarter 2023 earnings released: US$1.33 loss per share (vs US$0.33 loss in 2Q 2022)Second quarter 2023 results: US$1.33 loss per share (further deteriorated from US$0.33 loss in 2Q 2022). Revenue: US$10.6m (down 5.2% from 2Q 2022). Net loss: US$3.28m (loss widened 305% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 15Blue Ridge Knives, Inc. entered into an Asset Purchase Agreement to acquire The Ontario Knife Co from Servotronics, Inc. (NYSEAM:SVT) for $2.1 million.Blue Ridge Knives, Inc. entered into an Asset Purchase Agreement to acquire The Ontario Knife Co from Servotronics, Inc. (NYSEAM:SVT) for $2.1 million on July 10, 2023. Under the terms of the transaction, Blue Ridge will pay $2.1 million for substantially all of the inventory, intellectual property assets, tangible personal property and goodwill of The Ontario Knife Co , subject to adjustment based on inventory values at closing. The transaction is expected to close on August 1, 2023.
お知らせ • Jul 14Servotronics, Inc. Appoints James C. Takacs as Chief Technical OfficerServotronics, Inc. has appointed James C. Takacs as the Company’s Chief Technical Officer effective July 10, 2023. Mr. Takacs previously served as Chief Operating Officer of the Company since May 2018. The Company is currently conducting an executive search and anticipates appointing a new Chief Operating Officer in the third quarter of 2023.
お知らせ • Jun 01Star Equity Fund Calls on Servotronics Board to Conduct Strategic Review for All AssetsOn May 31, 2023, Star Equity Fund, LP announced that it calls on Servotronics, Inc.’s Board to conduct a strategic review for all its assets. In addition, Star Equity Fund urges all stockholders to vote withhold on the re-election of incumbent board members Edward Cosgrove, Christopher Marks, and William Farrell at the Company’s 2023 annual meeting of shareholders scheduled to be held on June 9, 2023.
Reported Earnings • May 15First quarter 2023 earnings released: US$0.63 loss per share (vs US$0.13 profit in 1Q 2022)First quarter 2023 results: US$0.63 loss per share (down from US$0.13 profit in 1Q 2022). Revenue: US$10.8m (down 3.3% from 1Q 2022). Net loss: US$1.55m (down US$1.87m from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • May 04Servotronics, Inc., Annual General Meeting, Jun 09, 2023Servotronics, Inc., Annual General Meeting, Jun 09, 2023, at 09:00 Eastern Daylight. Agenda: To consider directors elections; to consider Ratification of the appointment of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the 2023 fiscal year; and to consider other matters.
Reported Earnings • Apr 02Full year 2022 earnings released: US$0.88 loss per share (vs US$1.68 profit in FY 2021)Full year 2022 results: US$0.88 loss per share (down from US$1.68 profit in FY 2021). Revenue: US$43.8m (up 8.0% from FY 2021). Net loss: US$2.12m (down 152% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
お知らせ • Feb 16Servotronics, Inc. Announces Board ChangesServotronics, Inc. announced the appointment of Brent D. Baird to the Board and the entry into a Cooperation Agreement between the Company and Mr. Baird. Mr. Baird will serve as a director effective February 16, 2023, with an initial term through the Company's 2023 Annual Meeting of Shareholders, and the Company has agreed to include Mr. Baird in the Company's slate of director nominees for election at the 2023 Annual Meeting. As a result of other commitments, Lucion P. Gygax has resigned from the Board effective February 14, 2023. Under the terms of the Cooperation Agreement, Mr. Baird has agreed to customary voting provisions until June 30, 2024, subject to earlier termination in certain circumstances. The Cooperation Agreement will be included as an exhibit to the Company's current report on Form 8-K, which will be filed with the Securities and Exchange Commission. Mr. Baird is a private investor and owns approximately 10.9% of the Company's common stock. He is the former President and Chief Executive Officer of Merchants Group Inc. and a former general partner of Trubee, Collins & Co., Inc. Mr. Baird served as a director of M&T Bank from 1983 to 2020 and a director of Todd Shipyards Corporation from 1992 to 2011. Mr. Baird has significant investment management and corporate governance expertise, having served in numerous executive positions in public and private companies. Mr. Baird holds a Bachelor of Arts with Honors from Williams College.
お知らせ • Feb 15Star Equity Fund Provide Information to Shareholders of Servotronics IncOn February 14, 2023, Star Equity Fund LP announced that it has nominated 6 candidates to the Servotronics Inc board and stated that it intends to file a definitive proxy statement with SEC in connection with solicitation of proxies from the shareholders of the Company to vote for its board nominees at the 2023 annual meeting of shareholders. In addition, Star Equity highlighting the Company’s action in creating policies in connection with candidate nominations, new disclosure measures. Further, Star Equity highlighting the shareholders votes, against the Company directors in the 2022 annual meeting.
Recent Insider Transactions • Jan 20Insider recently bought US$131k worth of stockOn the 18th of January, Brent Baird bought around 12k shares on-market at roughly US$11.21 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$991k more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 17Third quarter 2022 earnings released: US$0.13 loss per share (vs US$1.34 profit in 3Q 2021)Third quarter 2022 results: US$0.13 loss per share (down from US$1.34 profit in 3Q 2021). Revenue: US$11.0m (flat on 3Q 2021). Net loss: US$316.0k (down 110% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Nov 15Servotronics, Inc. Provides Revenue Guidance for the Fourth Quarter 2022 and Full Year of 2023Servotronics, Inc. provided revenue guidance for the fourth quarter 2022 and Full Year of 2023. Consolidated revenue is expected to continue in the fourth quarter of 2022 and into 2023 as compared to the same periods in prior years.
Reported Earnings • Aug 17Second quarter 2022 earnings released: US$0.33 loss per share (vs US$0.49 profit in 2Q 2021)Second quarter 2022 results: US$0.33 loss per share (down from US$0.49 profit in 2Q 2021). Revenue: US$11.2m (up 12% from 2Q 2021). Net loss: US$810.0k (down 168% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Board Change • May 31High number of new directorsIndependent Director Karen Howard was the last director to join the board, commencing their role in 2022.
お知らせ • May 26Star Equity Fund Encourages Servotronics Shareholders to Withhold Vote on the Re-Election of Ed Cosgrove and Lucion GygaxOn May 24, 2022, Star Equity Fund, LP announced that it urged Servotronics shareholders to vote withhold on the re-election of incumbent board members Ed Cosgrove and Lucion Gygax at the Company’s 2022 Annual Meeting of Shareholders, which will be held virtually on June 10, 2022.
Reported Earnings • May 18First quarter 2022 earnings released: EPS: US$0.13 (vs US$0.23 in 1Q 2021)First quarter 2022 results: EPS: US$0.13 (down from US$0.23 in 1Q 2021). Revenue: US$11.2m (up 23% from 1Q 2021). Net income: US$325.0k (down 40% from 1Q 2021). Profit margin: 2.9% (down from 6.0% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • May 17Servotronics, Inc., Annual General Meeting, Jun 10, 2022Servotronics, Inc., Annual General Meeting, Jun 10, 2022, at 09:00 Eastern Daylight. Agenda: To consider election of six directors to serve until the 2023 Annual Meeting of Shareholders of the company and until such directors' successors shall have been elected and qualified; to consider advisory approval of the compensation of our named executive officers for 2021; to consider approval of the Servotronics, Inc. 2022 equity incentive plan; to consider ratification of the appointment of Freed Maxick CPAs, P.C. as the company's independent registered public accounting firm for the 2022 fiscal year; and to consider other matters.
お知らせ • May 14Star Equity Fund LP Provides Information to Shareholders of Servotronics IncOn May 13, 2022, Star Equity Fund LP highlighting the changes happening in Servotronics Inc because of its ongoing campaign against the Company. In addition, Star Equity Fund LP announced that it intends to file with SEC and urged the shareholders of the Company to vote for its board nominees at the 2022 annual meeting of stockholders.
お知らせ • Apr 28Servotronics, Inc. Announces Board ChangesThe Board of Servotronics, Inc. announced that Evan Wax and Karen L. Howard have joined the Board as independent directors. In addition, sitting independent director Christopher M. Marks was appointed Chairman of the Board. Mr. Wax was appointed to the Servotronics Board in April 2022. He is Managing Member of Wax Asset Management LLC in Madison, CT, which has held Servotronics common stock since October 2014. Ms. Howard was appointed to the Servotronics Board in April 2022. She has more than 30 years of professional experience as an advisor to and finance executive with public companies, as well as a proven record of board leadership. She retired in 2020 after serving for seven years as Executive Vice President of Kei Advisors LLC. Mr. Marks was appointed Chairman of the Servotronics Board in April 2022 and has served as an independent director of the company since 2016. He has served as Chair of the Audit Committee and member of the Compensation Committee and Nominating and Corporate Governance Committee. The Board does not intend to renominate the company's former Chairman and CEO Kenneth D. Trbovich for election to the Board at the next annual meeting of shareholders.
Board Change • Apr 27High number of new directorsDirector & CEO Bill Farrell was the last director to join the board, commencing their role in 2022.
お知らせ • Apr 22+ 1 more updateServotronics, Inc. Appoints William F. Farrell, Jr. as Chief Executive OfficerThe Board of Servotronics, Inc. announced that it appointed William F. Farrell, Jr. to serve as Chief Executive Officer of the designer and manufacturer of servo-control components and other advanced technology products, effective April 25. Mr. Farrell joins Servotronics following a more than 30-year career with Western New York-based Moog Inc., where he ran businesses with up to $600 million in annual revenues, 1,400 employees and global facilities, achieved significant sales and operating margin growth, and led successful quality, on-time delivery and safety improvement efforts. Most recently, he served two years as Site General Manager for Moog's Aircraft Group, which supports military and commercial aerospace applications. Since June 2021, the responsibilities of the CEO and President have been carried out by other personnel, led by Servotronics Chief Operating Officer James C. Takacs, a company veteran who has directly managed its operations, production, and engineering teams for over 15 years.
Recent Insider Transactions • Apr 07Insider recently bought US$364k worth of stockOn the 4th of April, Brent Baird bought around 25k shares on-market at roughly US$14.55 per share. In the last 3 months, they made an even bigger purchase worth US$437k. Insiders have collectively bought US$2.1m more in shares than they have sold in the last 12 months.
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: US$1.68 (vs US$0.042 in FY 2020)Full year 2021 results: EPS: US$1.68 (up from US$0.042 in FY 2020). Revenue: US$40.6m (down 19% from FY 2020). Net income: US$4.06m (up US$3.96m from FY 2020). Profit margin: 10.0% (up from 0.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Mar 04Star Equity Fund, LP Provides Information to the Shareholders of Servotronics, IncOn March 2, 2022, Star Equity Fund, LP announced that it has nominated a slate of candidates for the election to board of directors of Servotronics, Inc at the 2022 annual general meeting. In addition, Star Equity Fund, LP together with the other participants, intends to file a preliminary proxy statement and accompanying Star Equity Fund, LP proxy card with the Securities and Exchange Commission to be used to solicit votes for the election of its slate of director nominees at the 2022 annual meeting of shareholders of the Company.
Recent Insider Transactions • Feb 20Insider recently bought US$437k worth of stockOn the 14th of February, Brent Baird bought around 30k shares on-market at roughly US$14.58 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.8m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Jan 06Insider recently bought US$396k worth of stockOn the 29th of December, Brent Baird bought around 30k shares on-market at roughly US$13.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.3m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Dec 22Insider recently bought US$332k worth of stockOn the 16th of December, Brent Baird bought around 27k shares on-market at roughly US$12.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$940k more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS US$1.34 (vs US$0.75 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$10.9m (up 6.0% from 3Q 2020). Net income: US$3.24m (up US$5.02m from 3Q 2020). Profit margin: 30% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS US$0.49 (vs US$0.41 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$10.0m (down 26% from 2Q 2020). Net income: US$1.19m (up 23% from 2Q 2020). Profit margin: 12% (up from 7.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 17Montana Advisors Issues Letter to Servotronics On June 16, 2021, Montana Advisors issues open letter to the Board of Directors of Servotronics, Inc. In the letter, Monatna added that the existing management can no longer be trusted to run the Company. In addition, Montana stated that it believes that the Board can no longer be trusted to provide oversight that is in the best interest of shareholders. It is clear that the Company is not run in the best interest of shareholders, and rather it is run as a private Company for the benefit of one person, Kenneth Trbovich. Further, Montana stated that it has demanded the Board form a special committee to begin an immediate sale process of the Company to the highest bidder.
お知らせ • Apr 02Servotronics, Inc. announced delayed annual 10-K filingOn 03/31/2021, Servotronics, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Is New 90 Day High Low • Feb 12New 90-day high: US$9.24The company is up 8.0% from its price of US$8.56 on 12 November 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 29% over the same period.
Is New 90 Day High Low • Jan 22New 90-day high: US$8.70The company is up 6.0% from its price of US$8.20 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 31% over the same period.
分析記事 • Jan 08Servotronics (NYSEMKT:SVT) Takes On Some Risk With Its Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Nov 30Are Servotronics's (NYSEMKT:SVT) Statutory Earnings A Good Guide To Its Underlying Profitability?Broadly speaking, profitable businesses are less risky than unprofitable ones. However, sometimes companies receive a...
Valuation Update With 7 Day Price Move • Nov 21Market pulls back on stock over the past weekAfter last week's 16% share price decline to US$7.15, the stock is trading at a trailing P/E ratio of 13.5x, down from the previous P/E ratio of 16.2x. This compares to an average P/E of 29x in the Electrical industry in the US. Total return to shareholders over the past three years is a loss of 37%.
Is New 90 Day High Low • Nov 17New 90-day low: US$7.34The company is down 16% from its price of US$8.76 on 19 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 13% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: US$0.75 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$10.3m (down 17% from 3Q 2019). Net loss: US$1.78m (down 257% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Jul 03Servotronics, Inc.(AMEX:SVT) dropped from Russell Microcap IndexServotronics, Inc.(AMEX:SVT) dropped from Russell Microcap Index
お知らせ • Jul 02Servotronics, Inc.(AMEX:SVT) dropped from Russell Microcap Value IndexServotronics, Inc.(AMEX:SVT) dropped from Russell Microcap Value Index