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Elma, N.Y.-Based Aircraft, Missile Company Increases Profits Again.
Knight Ridder/Tribune Business News, March, 2001
By David Robinson, The Buffalo News, N.Y. Knight Ridder/Tribune Business News
Mar. 28--Servotronics Inc. extended its streak of rising profits to four quarters during the final three months of last year as demand increased for advanced technology products from the Elma maker of aircraft and missile control systems and cutlery.
Servotronics' profits rose to $132,000, or 5 cents per share, compared with a loss of $908,000, or 50 cents per share, a year ago, when the company was in the midst of a move to restructure its cutlery business and drop some of its knife products.
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