By Connor Hart

Servotronics' board has launched a review of strategic alternatives, which Chairman Christopher Marks said may include investments of capital or a sale of the company.

The review will better enable the company to grow and meet the needs of its customers, employees and investors, according to Marks. It hasn't set a timeframe for completing the process.

The disclosure came as the aerospace industry supplier on Monday swung to a loss and posted lower revenue in the fourth quarter, as shifting consumer demand resulted in a challenging end to 2024, plagued by order delays.

Servotronics reported a net loss from continuing operations of $1.3 million in the recent quarter, compared with a profit of $378,000 in the same quarter a year earlier.

Revenue fell to $9.8 million from $12.3 million.

"The year started off with robust growth forecasts, but industry headwinds prompted a series of order delays," Chief Executive William Farrell, Jr. said. He added that the company will enact several changes--such as redesigning its supply chains and moving to a monthly review of all customer forecasts--to better position itself for the rest of this year.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 17, 2025 16:53 ET (20:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.