Servotronics Announces Third Quarter 2023 Financial Results
ELMA, N.Y., Nov. 9, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today reported financial results for the third quarter and nine months ended September 30, 2023.
- ELMA, N.Y., Nov. 9, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today reported financial results for the third quarter and nine months ended September 30, 2023.
- Servotronics achieved significant growth in revenue, gross margin and operating income in the third quarter of 2023.
- Unless otherwise noted, all financial results are based on the results of continuing operations.
- Highlights for the third quarter financial results include:
Revenues were $11.6 million, up 31.3% from $8.8 million in the third quarter of 2022.