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Servotronics revenues $12,003,000

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Christian Fernsby |
Servotronics
Servotronics   The increase in revenue is the result of increases in shipments

Servotronics announced the results of its operations for the quarter ended March 31, 2019.


Revenues for the quarter were $12,003,000, approximately a 14% increase from $10,559,000 for the same period in 2018.

The increase in revenue is the result of increases in commercial and government shipments in the ATG.

This is offset by a net decrease in CPG shipments with CPG government shipments increasing offset by a decrease in commercial shipments.

Net income was $98,000 (or $0.04 per share Basic and $0.04 Diluted) for the first quarter ended March 31, 2019 compared to net income of $331,000 (or $0.14 per share Basic and $0.14 Diluted) for the comparable period ended March 31, 2018.


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