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Business Services Industry
Elma, N.Y.-based manufacturer posts higher sales thanks to military orders.
Knight Ridder/Tribune Business News, August, 2004
By Matt Glynn, The Buffalo News, N.Y. Knight Ridder/Tribune Business News
Aug. 18--Uncle Sam helped Servotronics record strong increases in sales and profits in its second quarter.
The Elma-based manufacturer, whose products range from components for aircraft to bayonets for the Marines, reported a 43 percent increase in sales for the three-month period ending June 30, to $5.6 million. It recorded profits of $215,000, compared with a $22,000 loss last year.
Servotronics' diluted net income per share was 10 cents, compared with a 1 cent loss a year ago.
Through the ...
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