SVT Servotronics, Inc.
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 in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
160837866
SVT stock data
()
Calendar
13 May 20
12 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 15.45M | 16.84M | 12.36M | 14.07M | |
| Net income | 1.9M | 165K | 1.13M | 714K | |
| Diluted EPS | 0.79 | 0.06 | 0.47 | 0.3 | |
| Net profit margin | 12.29% | 0.98% | 9.16% | 5.08% | |
| Net change in cash | -294K | 871K | -691K | -303K | |
| Cash on hand | 1.74M | 2.03M | 1.16M | 1.85M | |
| Cost of revenue |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 55.27M | 47.86M | 41.44M | 38.59M | |
| Net income | 2.11M | 3.5M | 1.32M | 1.75M | |
| Diluted EPS | 0.88 | 1.49 | 0.57 | 0.76 | |
| Net profit margin | 3.82% | 7.31% | 3.18% | 4.54% | |
| Net change in cash | -569K | -2.11M | 1.19M | 247K | |
| Cash on hand | 2.03M | 2.6M | 4.71M | 3.52M | |
| Cost of revenue | 35.77M | 31.45M | 28.56M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Jan 20 | James C Takacs | Common Stock | Payment of exercise | Dispose F | No | 10.06 | 1,473 | 14.82K | 19,136 |
| 1 Jan 20 | Lisa F Bencel | Common Stock | Payment of exercise | Dispose F | No | 10.06 | 1,571 | 15.8K | 8,858 |
| 1 Jan 20 | Kenneth D Trbovich | Common Stock | Payment of exercise | Dispose F | No | 10.06 | 5,514 | 55.47K | 93,645.5 |
| 27 Aug 19 | Jason T Bear | Common Stock | Sell | Dispose S | No | 9.88 | 872 | 8.62K | 1,959 |
| 23 Aug 19 | Jason T Bear | Common Stock | Sell | Dispose S | No | 10.11 | 200 | 2.02K | 2,831 |
| 26 Apr 19 | Lucion P Gygax | Common Stock | Grant | Aquire A | No | 0 | 1,959 | 0 | 3,031 |
Institutional ownership Q1 2020
11.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 12 |
| Opened positions | 1 |
| Closed positions | 1 |
| Increased positions | 3 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 1.9M |
| Total shares | 280.04K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 140.13K | $951K |
| Dimensional Fund Advisors | 72.49K | $492K |
| Vanguard | 25.05K | $170K |
| Susquehanna International | 18.9K | $128K |
| Bridgeway Capital Management | 17.65K | $120K |
| James Investment Research | 1.97K | $14K |
| BAC Bank of America | 1.54K | $10K |
| MS^L Morgan Stanley | 1.2K | $8K |
| Acadian Asset Management | 767 | $5K |
| BLK BlackRock | 337 | $3K |
Financial report summary
?Competition
Lifetime BrandsManagement Discussion
- During the three months ended March 31, 2020 and 2019, approximately 89% and 88%, respectively, of the Company’s consolidated revenues were derived from the ATG sale of product to a small base of customers. During the three months ended March 31, 2020 and 2019, approximately 11% and 12% of the Company’s consolidated revenues were derived from the CPG sale of product to a large base of retail customers. There was an increase in revenue in the three months ended March 31, 2020 from 2019 of approximately $3,445,000. This is due to an increase in shipments and price/mix at the ATG of approximately $3,219,000 and a net increase at the CPG of approximately $226,000 due to an increase in shipments offset slightly by a decrease in price/mix.
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
acquisition, activity, administered, Aid, America, anniversary, ascompared, assurance, bad, balancesheet, capacity, chain, Commencing, conduct, creation, default, deferral, depression, disinfecting, distancing, duration, eligible, equity, essential, experience, experienced, expiration, extensively, extent, factory, flexibility, floor, Franklinville, frequently, fullest, headcount, highly, home, large, legislation, meaningfully, mitigate, NA, NY, occurrence, ongoing, outbreak, overhead, owing, pandemic, Paycheck, payroll, penalty, percentage, physically, PPP, premium, prepay, preserve, preventive, procurement, protect, Protection, protective, qualified, recession, recipient, refundable, Relief, rent, respond, responding, retail, retention, safety, sale, SBA, shipmentsmay, small, social, subsided, suit, summary, suspension, technical, theborrowing, transfercontracted, type, unknown, unpredictable, utilization
Removed:
aggregate, air, asset, ASU, beginning, big, borrowing, box, competitive, consolidate, created, defense, department, difficult, direct, director, disclose, discount, discussed, drug, emerging, FASB, February, finance, fiscal, gift, grant, hardware, increasing, international, involvement, key, kitchen, lessee, level, marketed, measured, military, mix, moderately, national, omitted, optimistic, partially, Pennsylvania, performed, policy, potential, predict, put, quarterly, receive, record, recoverability, relation, remote, requisite, retainer, seasonal, select, software, sporting, supermarket, survival, test, Topic, usage, varying, vest, volume, voting
Financial reports
10-Q
2020 Q1
Quarterly report
13 May 20
10-K
2019 FY
Annual report
30 Mar 20
10-Q
2019 Q3
Quarterly report
14 Nov 19
10-Q
2019 Q2
Quarterly report
14 Aug 19
10-Q
2019 Q1
Quarterly report
13 May 19
10-K
2018 FY
Annual report
14 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
10-Q
2018 Q2
Quarterly report
13 Aug 18
10-Q
2018 Q1
Quarterly report
14 May 18
10-K
2017 FY
Annual report
23 Mar 18
Current reports
8-K
Departure of Directors or Certain Officers
18 May 20
8-K
Entry into a Material Definitive Agreement
28 Apr 20
8-K
Amendments to Articles of Incorporation or Bylaws
8 Apr 20
8-K
First Quarter Results
14 May 19
8-K
Departure of Directors or Certain Officers
30 Apr 19
8-K
Results of Operations and Financial Condition
14 Mar 19
8-K
Results of Operations and Financial Condition
13 Nov 18
8-K
Results of Operations and Financial Condition
13 Aug 18
8-K
Departure of Directors or Certain Officers
1 Jun 18
8-K
Results of Operations and Financial Condition
14 May 18
Proxies
DEFA14A
Additional proxy soliciting materials
17 Apr 20
DEF 14A
Definitive proxy
16 Apr 20
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
23 Apr 18
DEF 14A
Definitive proxy
5 Apr 17
DEF 14A
Definitive proxy
28 Apr 16
DEF 14A
Definitive proxy
30 Apr 15
DEF 14A
Definitive proxy
10 Apr 14
DEF 14A
Definitive proxy
1 May 13
DEF 14A
Definitive proxy
4 Jun 12
Other
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
25 May 17
UPLOAD
Letter from SEC
2 Dec 16
CORRESP
Correspondence with SEC
1 Dec 16
UPLOAD
Letter from SEC
29 Nov 16
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
29 May 15
NO ACT
No action letter
19 Feb 15
Ownership
SC 13G/A
Beneficial ownership report (amended)
10 Feb 20
4
SERVOTRONICS / James C Takacs ownership change
7 Jan 20
4
SERVOTRONICS / Lisa F Bencel ownership change
7 Jan 20
4
SERVOTRONICS / Kenneth D Trbovich ownership change
7 Jan 20
4
SERVOTRONICS / Jason T Bear ownership change
27 Aug 19
4
SERVOTRONICS / Lucion P Gygax ownership change
30 Apr 19
4
SERVOTRONICS / Christopher M Marks ownership change
30 Apr 19
4
SERVOTRONICS / Edward C Cosgrove ownership change
30 Apr 19
4
SERVOTRONICS / Jason T Bear ownership change
30 Apr 19
SC 13G/A
Beneficial ownership report (amended)
14 Feb 19