Welcome to our dedicated page for Servotronic news (Ticker: SVT), a resource for investors and traders seeking the latest updates and insights on Servotronic stock.
This page provides a historical news archive for Servotronics, Inc. (formerly NYSE American: SVT), a manufacturer that designed, developed, and manufactured servo controls and other components for commercial and government aerospace applications. Company news releases describe Servotronics’ role as a supplier of servo-control components and advanced technology products used in aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications from its facilities in Elma and Franklinville, New York.
The news flow around Servotronics in 2025 includes several key themes. One major thread is the company’s strategic review, announced in March 2025, when the board of directors engaged an investment bank and legal counsel to evaluate alternatives, including potential investments of capital or a sale of the company. Another central theme is the merger process with TransDigm, beginning with the May 19, 2025 announcement of a definitive merger agreement, followed by an amendment increasing the tender offer price and culminating in the July 1, 2025 completion of the tender offer and merger.
Investors and researchers can also review news related to financial performance, such as the May 9, 2025 release reporting improved first quarter 2025 results, including revenue growth and a return to profitability from continuing operations. In addition, the archive contains communications about corporate governance and proxy matters, including statements from Servotronics and from Beaver Hollow Wellness, LLC, the company’s largest shareholder, regarding proxy contests, board nominations, and views on the company’s strategic direction.
Because Servotronics has since been acquired and its common stock delisted, the SVT news archive on Stock Titan serves primarily as a historical record. Users can review how the company communicated its strategic review, quarterly results, merger negotiations, and shareholder activism leading up to the July 1, 2025 change in control and subsequent delisting and deregistration.
Servotronics, Inc. (NYSE American – SVT) announced its recognition as 2020 Supplier of the Year by Collins Aerospace for operational excellence and support. Additionally, it received the 2020 Most Improved Supplier of the Year Award for repair and overhaul. President Kenneth D. Trbovich expressed gratitude towards Collins for the awards and reaffirmed commitment to high-quality service. Servotronics operates through two groups: ATG, focusing on servo controls for various applications, and CPG, which manufactures edged products for commercial and government use.
Servotronics, Inc. (NYSE American – SVT) reported a significant decline in financial performance for the year ended December 31, 2020. Net income fell to $100,000 ($0.04 per share) from $2,447,000 ($1.05 per share) in 2019. Revenues decreased from $55,272,000 to $49,844,000. Gross margin also dropped to 16.5%, a decrease from 21.9% the previous year. The pandemic significantly impacted operations, leading to lower shipments and increased operational costs. The company received a $4 million Paycheck Protection Program loan, with uncertainty surrounding its forgiveness.
Servotronics, Inc. (SVT) reported a net loss of $1,782,000 for Q3 2020, translating to a loss of $0.75 per share, contrasting sharply with a net income of $1,132,000 in Q3 2019. Revenues fell by 16.7% to $10,297,000, attributed to delayed customer orders linked to the COVID-19 pandemic. The company faced a negative gross margin of $165,000, a significant decline from a gross margin of $3,535,000 the prior year. SG&A expenses slightly decreased but represented a higher 20.3% of revenue. The company secured a $4,000,000 PPP loan to support operations during these challenges.
Servotronics, Inc. (NYSE American – SVT) announced its second-quarter results for 2020, reporting a net income of $965,000 or $0.41 per share, up from $714,000 or $0.31 per share in Q2 2019. Revenue decreased by approximately 4.0% to $13,504,000, primarily due to reduced shipments at the ATG segment, partially offset by increased shipments at the CPG segment. Selling, general, and administrative expenses dropped by 26.4% to $627,000, improving the expense ratio. The CEO expressed confidence amid ongoing economic uncertainty related to COVID-19.