Servotronics' Board Launches Strategic Review

Dow Jones

Mar 18, 2025

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)

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He added that the company will enact several changes--suc","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SVT":"Servotronics Inc","BK4096":"电气部件与设备"},"translate_title":"Servotronics董事会启动战略审查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SVT":1},"content_text":"By Connor Hart \n\n\n  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. \n\n\n  The review will better enable the company to grow and meet the needs of its customers, employees and investors, according to Marks. 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