Servotronics continues to evaluate strategic alternatives

CEO Farrell concluded, “I am pleased with our start to this year and our team’s achievements. With markets continuing to improve, we are actively evaluating all opportunities in front of us and selectively choosing margin-accretive projects to further drive revenues, operational efficiencies, and bottom-line results. As our team executes our strategic plan, we expect to generate improved financial results, positioning us well as we continue evaluating strategic alternatives with the Board. We have already begun conversations with potential strategic partners and have received positive responses as we seek to realize the full potential value of our business.”