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Servotronics Q2 net income $965,000

Christian Fernsby ▼ | August 17, 2020
Servotronics announced the results of its operations for the quarter ended June 30, 2020.
Servotronics
Servotronics   In the second quarter of 2020, Servotronics reported net income
In the second quarter of 2020, Servotronics reported net income of $965,000 compared to net income of $714,000 for the comparable period ended June 30, 2019.

Topics: Servotronics

Revenues for the quarter were $13,504,000, approximately a 4.0% decrease from $14,067,000 for the same period in 2019.

The decrease in revenue is the result of a decrease in shipments at the ATG partially offset by an increase in shipments and price/mix at the CPG.


 

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