Servotronics Expects FY24 Revenue Growth At Or Above Industry Growth Rates, Gross Margins Approaching Pre-Pandemic Levels
Portfolio Pulse from Benzinga Newsdesk
Servotronics anticipates revenue growth for FY24 to be at or above industry growth rates, with gross margins nearing levels seen before the pandemic.
December 18, 2023 | 11:02 pm
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Servotronics expects to see revenue growth in FY24 that aligns with or surpasses industry averages, alongside an improvement in gross margins to pre-pandemic levels.
The positive outlook for revenue growth and gross margin recovery is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term. The company's anticipation of performance at or above industry growth rates suggests competitive strength and operational efficiency, which are key drivers of investor confidence.
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