Star Equity Holdings

Star Equity Holdings, Inc. engages in the business of healthcare and construction. It operates through the following segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. The Diagnostic Services segment offers a convenient and economically efficient imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center. The Diagnostic Imaging segment sells its internally developed solid-state gamma cameras, imaging systems, and camera maintenance contracts. The Construction segment manufactures modular housing units, structural wall panels, permanent wood foundation systems, other engineered wood products, and supply general contractors with building materials. The Investment segment operates real estate assets that were acquired and minority investments. The company was founded in 1997 and is headquartered in Suwanee, GA.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Star Equity Holdings (STRR) reports Q1 decline but eyes growth through Timber Technologies acquisition

Star Equity Holdings (STRR) reported a decline in financial performance in Q1 2024, marked by lower revenue, gross margin, and net income. However, the acquisition of Timber Technologies signals a strategic move towards growth and value creation. Challenges include financial losses and increased debt, but opportunities lie in leveraging the acquisition for future expansion.

Star Equity Holdings reports strong revenue growth amidst margin challenges

Star Equity Holdings reported robust revenue growth driven by acquisitions but faced challenges with declining gross margin and rising SG&A expenses.
The company's strategic initiatives, including share buyback and entry into new sectors, indicate a focus on enhancing shareholder value and diversification.
Addressing operational efficiency, cost management, and transparency in financial reporting will be crucial for improving profitability and investor confidence.
Exploration of further acquisitions and revenue diversification presents opportunities for sustained growth and market expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Star Equity Holdings, Inc. is a holding company. It operates under the Construction and Investments segments. The Construction segment is involved in manufacturing modular housing units and providing other building components for commercial and residential real estate projects. The Investments segment focuses on managing and financing the company's real estate assets as well as its investment positions in private and public companies. The company was founded in 1997 and is headquartered in Old Greenwich, CT.

Accretive Bolt-On Acquisition Positions Star's Glenbrook Business as a Twin Cities Regional Player Accretive Bolt-On Acquisition Positions Star's Glenbrook Business as a Twin Cities Regional Player

Star Equity Holdings Announces Acquisition of Big Lake Lumber

OLD GREENWICH, Conn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business has signed an approximately $1.9 million initial contract to manufacture 12 modules as part of a multi-phase project designed to bring affordable housing to rural Maine.

KBS Builders Wins $1.9 Million Initial Contract for a Multi-Phase Affordable Housing Project in Maine

OLD GREENWICH, Conn., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the third quarter ended September 30, 2023, before the market opens on Wednesday, November 8, 2023.

Star Equity Holdings to Release Third Quarter 2023 Financial Results on November 8th

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q2 2023 Results Conference Call August 11, 2023 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer Dave Noble - Chief Financial Officer Jeffrey Eberwein - Executive Chairman Conference Call Participants Tate Sullivan - Maxim Group Theodore O'Neil - Litchfield Hills Research Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings Inc. Second Quarter 2023 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q2 2023 Earnings Call Transcript

Well positioned for growth with cash and cash equivalents of $21.4 million and no outstanding debt

Star Equity Holdings, Inc. Announces 2023 Second Quarter Financial Results

OLD GREENWICH, Conn., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the second quarter ended June 30, 2023, before the market opens on Friday, August 11, 2023.

Star Equity Holdings to Release Second Quarter 2023 Financial Results on August 11th

Bunzl PLC

Griffon

When the markets look risky, its best to diversify your exposure.

Add Diversity to Your Portfolio with These 3 Stocks

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q1 2023 Earnings Conference Call May 15, 2023 10:00 AM ET Company Participants Richard Coleman - CEO & Director David Noble - CFO Jeffrey Eberwein - Executive Chairman Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings, Inc. First Quarter 2023 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q1 2023 Earnings Call Transcript

Consolidated Gross Profit increased 63% in Q1 2023 versus Q1 2022

Star Equity Holdings, Inc. Announces 2023 First Quarter Financial Results

Transformative, Value-Creating Disposition Positions Star Equity for Future Growth Transformative, Value-Creating Disposition Positions Star Equity for Future Growth

Star Equity Holdings, Inc. Announces Sale of Digirad Health, Inc. for $40 Million

OLD GREENWICH, Conn., May 04, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the first quarter ended March 31, 2023, before the market opens on Monday, May 15, 2023.

Star Equity Holdings, Inc. to Release First Quarter 2023 Financial Results on May 15th

OLD GREENWICH, Conn., April 28, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business has signed a $2.2 million contract to manufacture 24 modules for the construction of classrooms for two schools in the South Burlington School District in Burlington, Vermont. This forward-thinking project will be critical in helping the City of Burlington meet its need for permanent learning spaces in a timely, cost-effective, and environmentally friendly manner.

KBS Builders Wins $2.2 Million Contract to Manufacture Classrooms for the South Burlington School District in Burlington, Vermont

OLD GREENWICH, Conn., March 20, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that its Chief Executive Officer, Rick Coleman will present at the Industrial Tech Virtual Conference, presented by Maxim Group LLC and hosted by M-Vest, on Tuesday, March 21, 2023.

Star Equity Holdings, Inc. to Participate in the Industrial Tech Virtual Conference Presented by Maxim Group and hosted by M-Vest on Tuesday, March 21st at 1:00 pm ET

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q4 2022 Earnings Conference Call March 15, 2023 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer Jeff Eberwein - Executive Chairman Dave Noble - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen and welcome to Star Equity Holdings Inc.'s Fourth Quarter 2022 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q4 2022 Earnings Call Transcript

Q4 2022 revenues and gross profit increased 8.8% and 34.8% , respectively, compared to Q4 2021

Star Equity Holdings, Inc. Announces 2022 Fourth Quarter and Full Year Financial Results

OLD GREENWICH, Conn., March 08, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the fourth quarter and full year ended December 31, 2022, before the market opens on Wednesday, March 15, 2023.

Star Equity Holdings, Inc. to Release Fourth Quarter and Full Year 2022 Financial Results on March 15th

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q3 2022 Earnings Conference Call November 11, 2022 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer Jeff Eberwein - Executive Chairman Dave Noble - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen and welcome to Star Equity Holdings Third Quarter 2022 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q3 2022 Earnings Call Transcript

Reported a 55% increase in Q3 2022 consolidated gross profit versus Q3 2021

Star Equity Holdings, Inc. Announces 2022 Third Quarter Financial Results

OLD GREENWICH, Conn., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the third quarter ended September 30, 2022, before the market opens on Friday, November 11, 2022.

Star Equity Holdings, Inc. to Release Third Quarter 2022 Financial Results on November 11

OLD GREENWICH, Conn., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its management is scheduled to present at the Windy City Roundup Conference, which is being held in-person from October 12th to 13th at the Swissotel, Chicago.

Star Equity Holdings to Present at the Windy City Roundup on October 13

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q2 2022 Earnings Conference Call August 12, 2022 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer David Noble - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Adam Waldo - Lismore Partners Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings Inc. Second Quarter 2022 Results Conference Call. Please be advised that the discussion on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) CEO Rick Coleman on Q2 2022 Results - Earnings Call Transcript

Reported a 306% increase in Q2 2022 gross profit and a 19% increase in revenues

Star Equity Holdings, Inc. Announces 2022 Second Quarter Financial Results

Carlisle Companies

Growth in manufacturing activities and strong demand across various end markets favor the Zacks Diversified Operations industry's prospects. CSL, GFF and STRR are poised to take advantage of the buoyant scenario.

3 Stocks to Buy From the Prospering Diversified Operations Industry

OLD GREENWICH, Conn., June 16, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business has signed a $4.2 million contract to manufacture 60 modules for the construction of eight new multi-family buildings as part of a workforce housing development on the island of Nantucket in Massachusetts. This development will help improve Nantucket's availability of affordable housing, a longstanding challenge facing the island. Production of two of the eight buildings has already commenced, and production of the remaining buildings is expected to continue into the fall of 2022.

KBS Builders Wins $4.2 Million Contract to Manufacture Workforce Housing on Nantucket

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q1 2022 Earnings Conference Call May 23, 2022 10:00 AM ET Company Participants Jeff Eberwein - Executive Chairman Richard Coleman - Chief Executive Officer David Noble - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen, and welcome to the Star Equity Holdings Inc. First Quarter 2022 Results Conference Call. Please be advised that discussions on today's call may include forward-looking statements.

News for Star Equity Holdings Stock (STRR)