Servotronics reports Q1 EPS (16c) vs (63c) last year

Reports Q1 revenue $10.446M vs $9.060M last year. “Industry demand for our products and services remains very strong and our performance in the first quarter reflects improvements in delivery performance while continuing to manage costs. We continue to execute our strategic plan focused on profitable growth, developing our people, improving operational excellence, and zero-defects quality standards,” said Chief Executive Officer William F. Farrell, Jr. “To further execute our plan, we have recently added a new Chief Operating Officer focused on improving our operational efficiencies. In addition, we are expanding our efforts to grow our business in new products and markets.”