View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsServotronics 과거 순이익 실적과거 기준 점검 0/6Servotronics 의 수입은 연평균 -43.9%의 비율로 감소해 온 반면, Electrical 산업은 연평균 38.1%의 비율로 증가했습니다. 매출은 연평균 4%의 비율로 감소해 왔습니다.핵심 정보-43.87%순이익 성장률-44.07%주당순이익(EPS) 성장률Electrical 산업 성장률30.25%매출 성장률-3.98%자기자본이익률-4.22%순이익률-2.17%최근 순이익 업데이트31 Mar 2025최근 과거 실적 업데이트Reported Earnings • Nov 10Third 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).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).Reported Earnings • May 13First 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).모든 업데이트 보기Recent updates공시 • Jul 02+ 1 more updateServotronics, Inc. Announces Executives ResignationsServotronics, Inc., a Delaware corporation entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated as of May 18, 2025, with TransDigm Inc., a Delaware corporation (“Parent”), and TDG Rise Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Sub”). On May 28, 2025, the Company, Parent and Merger Sub entered into Amendment No. 1 to the Merger Agreement (“Amendment No. 1” and together with the Merger Agreement, the “Amended Merger Agreement”). As of the Effective Time, each of Brent D. Baird, William F. Farrell, Jr., Karen L. Howard, Christopher M. Marks and Evan H. Wax resigned from his or her respective positions as a member of the Company’s board of directors and all committees thereof. The director resignations were tendered in connection with the Merger and were not a result of any disagreement between the Company and the directors on any matter relating to the Company’s operations, policies or practices.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • Apr 28Servotronics, Inc., Annual General Meeting, Jun 03, 2025Servotronics, Inc., Annual General Meeting, Jun 03, 2025.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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 (€56k sold). Market cap is less than US$100m (€26.9m market cap, or US$28.3m).New Risk • Nov 10New 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 (€92k sold). Market cap is less than US$100m (€27.3m market cap, or US$29.3m).Reported Earnings • Nov 10Third 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).New Risk • Sep 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Significant insider selling over the past 3 months (€92k sold). Market cap is less than US$100m (€27.4m market cap, or US$30.4m).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).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.공시 • 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.공시 • Jul 03Servotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value IndexServotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value IndexReported Earnings • May 13First 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).공시 • 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 (€29.2m market cap, or US$31.5m).공시 • 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.공시 • 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.매출 및 비용 세부 내역Servotronics가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:SVX 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 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 1430-360양질의 수익: SVX 은(는) 현재 수익성이 없습니다.이익 마진 증가: SVX는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: SVX은 수익성이 없으며 지난 5년 동안 손실이 연평균 43.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 SVX의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: SVX은 수익성이 없어 지난 해 수익 성장률을 Electrical 업계(81.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: SVX는 현재 수익성이 없으므로 자본 수익률이 음수(-4.22%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/07/01 11:07종가2025/05/19 00:00수익2025/03/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Servotronics, Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Nov 10Third 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).
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).
Reported Earnings • May 13First 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).
공시 • Jul 02+ 1 more updateServotronics, Inc. Announces Executives ResignationsServotronics, Inc., a Delaware corporation entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated as of May 18, 2025, with TransDigm Inc., a Delaware corporation (“Parent”), and TDG Rise Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Sub”). On May 28, 2025, the Company, Parent and Merger Sub entered into Amendment No. 1 to the Merger Agreement (“Amendment No. 1” and together with the Merger Agreement, the “Amended Merger Agreement”). As of the Effective Time, each of Brent D. Baird, William F. Farrell, Jr., Karen L. Howard, Christopher M. Marks and Evan H. Wax resigned from his or her respective positions as a member of the Company’s board of directors and all committees thereof. The director resignations were tendered in connection with the Merger and were not a result of any disagreement between the Company and the directors on any matter relating to the Company’s operations, policies or practices.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Apr 28Servotronics, Inc., Annual General Meeting, Jun 03, 2025Servotronics, Inc., Annual General Meeting, Jun 03, 2025.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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 (€56k sold). Market cap is less than US$100m (€26.9m market cap, or US$28.3m).
New Risk • Nov 10New 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 (€92k sold). Market cap is less than US$100m (€27.3m market cap, or US$29.3m).
Reported Earnings • Nov 10Third 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).
New Risk • Sep 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Significant insider selling over the past 3 months (€92k sold). Market cap is less than US$100m (€27.4m market cap, or US$30.4m).
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).
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.
공시 • 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.
공시 • Jul 03Servotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value IndexServotronics, Inc.(NYSEAM:SVT) dropped from Russell 3000E Value Index
Reported Earnings • May 13First 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).
공시 • 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 (€29.2m market cap, or US$31.5m).
공시 • 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.
공시 • 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.