Servotronics, Inc. (NYSE American - SVT) a designer and manufacturer of servo-control components and other advanced technology products today released a revised investor update highlighting its progress in achieving its long-term strategic vision along with initial 2024 financial outlook.
Within the last twelve months the Company made considerable progress in its planned transformation including:
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Divesting the CPG segment to increase focus on higher-margin core servo valve business
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Enhancement of management team with hiring of Chief Financial Officer and Director of Sales and Marketing
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Leverage of exceptional team members and manufacturing expertise to drive sales growth and operating efficiencies
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Corporate rebrand with upgraded website to communicate the Company's value proposition to customers and investors