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 Q1 2021

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Earnings data Q1 2024

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Earnings data Q4 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.

Star Equity Holdings reports revenue growth amidst margin challenges

Star Equity Holdings showed strong revenue growth but faced challenges with declining gross margin and increased expenses.
Despite reporting a net loss in Q3, the company remains optimistic about future financial performance and growth prospects.
Diversification efforts, project pipeline, and strategic investments position Star Equity for potential opportunities ahead.

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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.

OLD GREENWICH, Conn., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its Board of Directors (the “Board”) declared a cash dividend to holders of the Company's 10% Series A Cumulative Perpetual Preferred Stock of $0.25 per share. The record date for this dividend is December 1, 2024, and the payment date is December 10, 2024.

Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q3 2024 Earnings Conference Call November 19, 2024 10:00 AM ET Company Participants Richard Coleman - Chief Executive Officer David Noble - Chief Financial Officer 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 Third Quarter 2024 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q3 2024 Earnings Call Transcript

Star Equity (STRR) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.05 per share a year ago.

Star Equity (STRR) Reports Q3 Loss, Tops Revenue Estimates

Recent large commercial contract wins validate optimism for Building Solutions upturn Enservco investment diversifies portfolio; marks entry into Energy Services and Transportation & Logistics OLD GREENWICH, Conn., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, reported today its financial results for the third quarter (Q3) ended September 30, 2024.

Star Equity Holdings, Inc. Announces 2024 Third Quarter Financial Results

OLD GREENWICH, Conn., Nov. 12, 2024 (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, 2024, before the market opens on Tuesday, November 19, 2024.

Star Equity Reschedules the Release of Third Quarter 2024 Financial Results for November 19th

OLD GREENWICH, Conn., Oct. 28, 2024 (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, 2024, before the market opens on Wednesday, November 13, 2024.

Star Equity Holdings to Release Third Quarter 2024 Financial Results on November 13th

OLD GREENWICH, Conn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Old Greenwich, CT – October 2, 2024 - Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (“KBS”), has signed two contracts totaling $4.6 million to manufacture 40 modules for the construction of cottages and affordable housing units in Maine.

KBS Builders Wins Two Maine Projects Totaling $4.6 Million

Will Submit Rights Agreement for Stockholder Approval at its 2024 Annual Meeting Will Submit Rights Agreement for Stockholder Approval at its 2024 Annual Meeting

Star Equity Holdings, Inc. Adopts Rights Agreement to Protect its Net Operating Losses

OLD GREENWICH, Conn., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its Board of Directors (the “Board”) declared a cash dividend to holders of the Company's 10% Series A Cumulative Perpetual Preferred Stock of $0.25 per share. The record date for this dividend is September 1, 2024, and the payment date is September 10, 2024.

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q2 2024 Earnings Conference Call August 13, 2024 10:00 AM ET Company Participants Rick Coleman - CEO David Noble - CFO Jeff Eberwein - Executive Chairman Conference Call Participants Tate Sullivan - Maxim Group Theodore O'Neill - Litchfield Hills Research Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings' Second Quarter 2024 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q2 2024 Earnings Call Transcript

Star Equity (STRR) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.30 per share a year ago.

Star Equity (STRR) Reports Q2 Loss, Tops Revenue Estimates

Timber Technologies acquisition marks major Company milestone; diversifies Building Solutions division revenue streams and improves Star's overall cash flow and profitability

Star Equity Holdings, Inc. Announces 2024 Second Quarter Financial Results

Marks Initial Entrance into the Energy Services and Transportation & Logistics Sectors Marks Initial Entrance into the Energy Services and Transportation & Logistics Sectors

Star Equity Holdings Announces Investment in Enservco Corporation

OLD GREENWICH, Conn., Aug. 08, 2024 (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, 2024, before the market opens on Tuesday, August 13, 2024.

Star Equity Holdings to Release Second Quarter 2024 Financial Results on August 13th

Monetizes Two Real Estate Assets for $8.3 Million Proceeds to be Deployed into Accretive Acquisitions OLD GREENWICH, Conn., July 19, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that Star Real Estate Holdings USA, Inc. (“SRE”), the real estate arm of the Company's Investments division, has closed two sale-leaseback transactions for its South Paris, Maine and Big Lake, Minnesota facilities, totaling approximately $8.3 million in net proceeds before capital gains taxes, if any.

Star Equity Holdings Announces Closing of Two Sale-Leaseback Transactions

OLD GREENWICH, Conn., July 01, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today changes in the composition of its board of directors (the “Board”) to better reflect the current businesses owned by Star and its go-forward strategy.

Star Equity Holdings Announces Board Changes

1-for-5 Reverse Split to Become Effective on June 14, 2024 for Trading on June 17, 2024 1-for-5 Reverse Split to Become Effective on June 14, 2024 for Trading on June 17, 2024

Star Equity Holdings Announces Reverse Stock Split

OLD GREENWICH, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its Board of Directors (the “Board”) declared a cash dividend to holders of the Company's 10% Series A Cumulative Perpetual Preferred Stock of $0.25 per share. The record date for this dividend is June 1, 2024, and the payment date is June 11, 2024.

Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q1 2024 Earnings Conference Call May 20, 2024 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer David Noble - Chief Financial Officer Shawn Miles - Senior Vice President, Finance & Strategy Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings First Quarter 2024 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q1 2024 Earnings Call Transcript

Ended the first quarter with cash and cash equivalents of $14.7 million

Star Equity Holdings, Inc. Announces 2024 First Quarter Financial Results

Enters Engineered Wood Products Market Substantially Improves Cash Flow OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today it has completed the acquisition of Timber Technologies, LLC (“Timber Tech”), a Wisconsin-based engineered wood products manufacturer, effective May 17, 2024.

Star Equity Holdings Announces Acquisition of Timber Technologies

OLD GREENWICH, Conn., May 15, 2024 (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, 2024, before the market opens on Monday, May 20, 2024.

Star Equity Holdings to Release First Quarter 2024 Financial Results on May 20th

OLD GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business unit has closed a $4 million revolving line of credit (“LOC”) with KeyBank National Association (“KeyBank”). KBS intends to use the LOC to meet its working capital requirements and execute its business plan. The closing of this LOC provides both KBS and Star with financial flexibility to focus on their respective growth initiatives.

Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank

Star Equity Holdings, Inc. (STRR) Q4 2023 Earnings Call Transcript

Ended 2023 with cash and cash equivalents of $18.9 million

News for Star Equity Holdings Stock (STRR)