Servotronics (SVT)

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

AMEX

Website

www.servotronics.com

CEO

Kenneth D. Trbovich

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Producer Manufacturing > Metal Fabrication

Industry (SIC)

Cutlery, Handtools & General Hardware

Stanley Black & Decker • Snap-on • Hillman Solutions • Simpson Manufacturing • Lifetime Brands • L.S. Starrett • Compx International • Eastern • Acme United • Toughbuilt Industries ...

SEC CIK

0000089140

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Servotronics Q1 EPS $0.13 Down From $0.22 YoY, Sales $11.17M Up From $9.06M YoY

16 May 22

Servotronics (AMEX:SVT) reported quarterly earnings of $0.13 per share. This is a 40.91 percent decrease over earnings of $0.22 per share from the same period last year. The company reported $11.17 million in sales this

Press releases

From Benzinga Pro

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

-- Revenue growth expected to continue in the second quarter of 2022 driven by increasing order volume from Servotronics' Advanced Technology Group -- ELMA, N.Y., May 16, 2022 /PRNewswire/ -- Servotronics, Inc. (NYSE

Star Equity Fund Issues Statement on Successful Campaign at Servotronics

13 May 22

Was Change Agent for Recent Board ChangesWill Continue to Monitor Company's Progress and Act if Needed OLD GREENWICH, Conn., May 13, 2022 (GLOBE NEWSWIRE) -- Star Equity Fund, LP ("Star Equity Fund", "we", "our"), a

Servotronics' Board Appoints Two New Independent Directors, Names Non-Executive Chairman and Accelerates Expiration of its Shareholder Rights Plan

27 Apr 22

ELMA, N.Y., April 27, 2022 /PRNewswire/ -- The Board of Servotronics, Inc. (NYSE American – SVT) announced the appointment of two new independent directors and a non-executive Chairman, as well as the accelerated

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

Financial statements Chart SVT financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SVT insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SVT institutional ownership history Ownership history

16.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	12	5	+140.0%
Opened positions	8	1	+700.0%
Closed positions	1	5	-80.0%
Increased positions	0	0
Reduced positions	1	3	-66.7%

13F shares	Current	Prev Q	Change
Total value	5.71M	2.82M	+102.5%
Total shares	411.17K	222.52K	+84.8%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Wax Asset Management	158.62K	$2.01M	0.0%
FMR	138.63K	$2.03M	NEW
Dimensional Fund Advisors	60.49K	$886K	-2.5%
Vanguard	27.74K	$406K	NEW
Bridgeway Capital Management	19.65K	$288K	NEW
MS Morgan Stanley	2.01K	$30K	NEW
James Investment Research	1.73K	$25K	0.0%
HM Payson & Co	1.2K	$18K	NEW
WFC Wells Fargo & Co.	525	$8K	NEW
UBS UBS Group AG - Registered Shares	386	$6K	NEW

Largest transactions	Shares	Bought/sold	Change
FMR	138.63K	+138.63K	NEW
Vanguard	27.74K	+27.74K	NEW
Bridgeway Capital Management	19.65K	+19.65K	NEW
MS Morgan Stanley	2.01K	+2.01K	NEW
Dimensional Fund Advisors	60.49K	-1.56K	-2.5%
HM Payson & Co	1.2K	+1.2K	NEW
WFC Wells Fargo & Co.	525	+525	NEW
UBS UBS Group AG - Registered Shares	386	+386	NEW
Tower Research Capital	79	+79	NEW
BAC Bank Of America	0	-5	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Lifetime Brands

Management 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
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-Q 2022 Q1

Financial reports

View all

Annual report (amended)

29 Apr 22

10-K