Servotronics, Inc. engages in the design, development, and manufacture of components, systems and sub-systems. It operates through the following segments: Advanced Technology Group and Consumer Products Group. The Advanced Technology Group segment is the design, manufacture and marketing of servo-control components such as torque motors, control valves, actuators, and others. The Consumer Products Group segment specializes the design, manufacture and marketing of a variety of cutlery products for use by consumers and government agencies. The company was founded by Nicholas D. Trbovich, Sr. in 1959 and is headquartered in Elma, NY.

Company profile
Ticker
SVT
Exchange
Website
CEO
Kenneth D. Trbovich
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Ontario Knife Company • Queen Cutlery Company • G.N. Metal Products, Inc. • SVT Management, Inc. • MRO Corporation • TSV ELMA, Inc. • 87 South Main Corp. • King Cutlery, Inc. • TSV Franklinville, Inc. ...
IRS number
160837866
SVT stock data
Press releases
Servotronics Announces First Quarter 2022 Financial Results Including EPS of $0.13 and Significant Growth in Revenue, Gross Margin and Operating Income
16 May 22
Star Equity Fund Issues Statement on Successful Campaign at Servotronics
13 May 22
Servotronics' Board Appoints Two New Independent Directors, Names Non-Executive Chairman and Accelerates Expiration of its Shareholder Rights Plan
27 Apr 22
Servotronics Names William Farrell, Jr. to Serve as Chief Executive Officer
21 Apr 22
Servotronics Announces 2021 Financial Results Including EPS of $1.68, Record Operating Cash Flow, Lower Total Operating Costs and Expenses, and Enhanced Balance Sheet Strength
31 Mar 22
Calendar
16 May 22
26 Jun 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.86M | 8.86M | 8.86M | 8.86M | 8.86M | 8.86M |
Cash burn (monthly) | 230.33K | (no burn) | (no burn) | (no burn) | 181.33K | (no burn) |
Cash used (since last report) | 662.39K | n/a | n/a | n/a | 521.47K | n/a |
Cash remaining | 8.19M | n/a | n/a | n/a | 8.33M | n/a |
Runway (months of cash) | 35.6 | n/a | n/a | n/a | 46.0 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 May 22 | Evan H Wax | Common Stock | Buy | Acquire P | No | No | 10.8815 | 2,432 | 26.46K | 13,449 |
26 Apr 22 | Karen L Howard | Common Stock | Grant | Acquire A | No | No | 11.04 | 118 | 1.3K | 118 |
26 Apr 22 | Evan H Wax | Common Stock | Grant | Acquire A | No | No | 11.04 | 118 | 1.3K | 11,017 |
Institutional ownership, Q1 2022
16.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 8 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 5.71M |
Total shares | 411.17K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Wax Asset Management | 158.62K | $2.01M |
FMR | 138.63K | $2.03M |
Dimensional Fund Advisors | 60.49K | $886K |
Vanguard | 27.74K | $406K |
Bridgeway Capital Management | 19.65K | $288K |
MS Morgan Stanley | 2.01K | $30K |
James Investment Research | 1.73K | $25K |
HM Payson & Co | 1.2K | $18K |
WFC Wells Fargo & Co. | 525 | $8K |
UBS UBS Group AG - Registered Shares | 386 | $6K |
Financial report summary
?Competition
Lifetime BrandsManagement Discussion
- The Company’s consolidated revenues from operations increased approximately $2,108,000 or 23.3% for the three month period ended March 31, 2022 when compared to the same period in 2021. This is due to an increase at both the ATG of approximately $1,945,000 or 26.9% and at the CPG of approximately $163,000 or 8.9%.
- The consolidated increase for the three month period ended March 31, 2022 when compared to the same period ended March 31, 2021 is attributable to an increase in units shipped at the ATG of approximately $424,000 and an increase in the average price due to the mix of units shipped of approximately $1,521,000. With the exception of the last quarter in 2021, the ATG is experiencing a gradual increase in revenues, quarter over quarter for the last four quarters.
- Additionally, there was an increase in the average price due to the mix of units shipped at the CPG of approximately $158,000 despite a drop in volume and an increase in price of approximately $5,000. The CPG revenue for the three month period ended March 31, 2022 is the highest revenue recognized in the first quarter of a calendar year since the three month period ended March 31, 2012.
Content analysis
?Positive | ||
Negative | ||
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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New words:
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Removed:
additional, administered, Administration, Aero, age, aggregation, Aid, alter, America, American, applicability, application, April, ARPA, attaining, behavior, Certainty, compare, comply, conduct, decline, deliver, depend, desire, Disaster, drawn, duration, eligibility, eligible, employer, evaluated, expenditure, experience, expire, fluid, gain, impacted, lawsuit, light, limitation, limited, local, longer, magnitude, measuring, minimal, NA, negatively, occurred, offered, Paycheck, payroll, perform, placement, Post, PPP, preceding, predict, President, prime, prior, procure, prolonged, promissory, Protection, qualify, qualifying, quarantined, real, Recent, recently, reduce, reduction, refundable, relate, require, Rescue, response, restrict, retired, retirement, reviewed, revised, SBA, scope, secure, Security, situation, size, slightly, spending, subsidiary, supplier, Taxpayer, treated, trend, uncertainty, underutilization, unforgiven, unprecedented, wholly, work
Current reports
8-K
Departure of Directors or Certain Officers
15 Jun 22
8-K
Servotronics’ Board Appoints Two New Independent Directors, Names Non-Executive Chairman and Accelerates Expiration of its
27 Apr 22
8-K
Departure of Directors or Certain Officers
25 Apr 22
8-K/A
Submission of Matters to a Vote of Security Holders
4 Mar 22
8-K
Servotronics Receives Nominations for Its Board of Directors
3 Mar 22
8-K
Entry into a Material Definitive Agreement
27 Dec 21
8-K
Other Events
3 Dec 21
8-K
Departure of Directors or Certain Officers
14 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
14 May 21
8-K
Departure of Directors or Certain Officers
14 Aug 20
Proxies
DFAN14A
Additional proxy materials by non-management
13 May 22
PREC14A
Preliminary proxy with contested solicitation
11 May 22
PRE 14A
Preliminary proxy
29 Apr 22
DEFA14A
Additional proxy soliciting materials
27 Apr 22
DEFA14A
Additional proxy soliciting materials
25 Apr 22
DFAN14A
Additional proxy materials by non-management
8 Apr 22
DFAN14A
Additional proxy materials by non-management
9 Mar 22
DEFA14A
Additional proxy soliciting materials
3 Mar 22
DEF 14A
Definitive proxy
14 Apr 21
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
24 May 17
UPLOAD
Letter from SEC
1 Dec 16
CORRESP
Correspondence with SEC
30 Nov 16
UPLOAD
Letter from SEC
28 Nov 16
SD
Conflict minerals disclosure
25 May 16
Ownership
SC 13D
SERVOTRONICS / Wax Asset Management ownership change
23 May 22
4
SERVOTRONICS / Evan H Wax ownership change
23 May 22
4
SERVOTRONICS / William F Jr. Farrell ownership change
29 Apr 22
3
SERVOTRONICS / William F Jr. Farrell ownership change
29 Apr 22
4
SERVOTRONICS / Evan H Wax ownership change
27 Apr 22
4
SERVOTRONICS / KAREN L HOWARD ownership change
27 Apr 22
3
SERVOTRONICS / Evan H Wax ownership change
27 Apr 22
3
SERVOTRONICS / KAREN L HOWARD ownership change
27 Apr 22
SC 13D/A
SERVOTRONICS / BAIRD BRENT D ownership change
6 Apr 22
SC 13D/A
SERVOTRONICS / BAIRD BRENT D ownership change
17 Feb 22
Reddit threads
Rate My Portfolio
20 Jun 22
Daily Discussion Thread - May 13th, 2022
13 May 22
Daily Discussion Thread - May 12th, 2022
12 May 22
Not sure how cigar butt investing works
24 Feb 22
How will TESLA fare in a more competitive environment?
19 Feb 22
AMC & GME Technical Analysis for r*****s
18 Jan 22
Reworked Dividend Pie - still considering some changes
18 Dec 21
Options Timing
6 Dec 21
Daily Discussion Thread - November 12th, 2021
12 Nov 21
Daily Discussion Thread - November 11th, 2021
11 Nov 21