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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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.

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

Griffon

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.

Star Equity Holdings, Inc. (STRR) CEO Richard Coleman on Q1 2022 Results - Earnings Call Transcript

Reported a 51.5% increase in Q1 2022 consolidated gross profit on a 12.1% increase in consolidated revenues

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

OLD GREENWICH, Conn., April 04, 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 an approximately $9 million contract to manufacture 72 modules for the construction of 4 new dormitories for a college in New England. This project is the largest contract in KBS's history and launches KBS's expansion into the student housing segment. Production is expected to commence in the second quarter of 2022.

KBS Builders Wins $9 Million Contract to Manufacture Four Dormitories for a College in New England

OLD GREENWICH, Conn., April 01, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today the appointment of Richard (“Rick”) K. Coleman, Jr. as Chief Executive Officer, effective April 1, 2022. In addition, Mr. Coleman will be nominated to serve as a director at the Company's upcoming annual meeting of shareholders.

Star Equity Holdings, Inc. Appoints Rick Coleman as CEO

OLD GREENWICH, Conn., March 24, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its Executive Chairman, Jeff Eberwein, is scheduled to participate in fireside chat at the Maxim Group Virtual Growth Conference on Wednesday, March 30, 2022 at 11:00 am ET.

Star Equity Holdings to Present at the Maxim Group 2022 Virtual Growth Conference on March 30th

Star Equity Holdings, Inc. (STRR) Management on Q4 2021 Results - Earnings Call Transcript

Q4 2021 revenues increased 42.3% in Construction and 16.9% in Healthcare Q4 2021 revenues increased 42.3% in Construction and 16.9% in Healthcare

Star Equity Holdings, Inc. Announces 2021 Fourth Quarter and Year End Financial Results

OLD GREENWICH, Conn., March 16, 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 fourth quarter and year ended December 31, 2021, before the market opens on Tuesday, March 22, 2022.

Star Equity Holdings, Inc. to Release Fourth Quarter 2021 Financial Results on March 22

Believes Significant Board Change is Necessary to Create Shareholder Value Believes Significant Board Change is Necessary to Create Shareholder Value

Star Equity Fund Announces Director Nominations at Servotronics

OLD GREENWICH, Conn., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today the closing of its previously announced underwritten public offering of 9,500,000 shares of its common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) and warrants to purchase up to 9,500,000 shares of the Company's common stock (the “common warrants”). Each share of common stock (or pre-funded warrant in lieu thereof) was sold together with one common warrant to purchase one share of common stock at a price of $1.50 per share and common warrant. Gross proceeds, before deducting underwriting discounts and offering expenses, are approximately $14.26 million.

Star Equity Holdings Announces Closing of $14.26 Million Underwritten Public Offering

OLD GREENWICH, Conn., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, today announced the pricing of an underwritten public offering of 9,500,000 shares of its common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) and warrants to purchase up to 9,500,000 shares of the Company's common stock (the “common warrants”). Each share of common stock (or pre-funded warrant in lieu thereof) is being sold together with one common warrant to purchase one share of common stock at a price of $1.50 per share and common warrant. Gross proceeds, before deducting underwriting discounts and offering expenses, are expected to be approximately $14.25 million.

Star Equity Holdings Announces Pricing of $14.25 Million Underwritten Public Offering

OLD GREENWICH, Conn., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today the appointment of Richard K. Coleman, Jr. (“Rick”) as Chief Operating Officer, effective January 1, 2022.

Star Equity Holdings, Inc. Adds Richard Coleman as Chief Operating Officer

OLD GREENWICH, Conn., Nov. 29, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company with three business divisions, Healthcare, Construction, and Investments, announced today that its management team will be presenting at The Benchmark Company's Discovery One on One Virtual Video Investor Conference on Thursday, December 2, 2021.

Star Equity Holdings, Inc. to Present at The Benchmark Company's Discovery One on One Virtual Video Investor Conference on December 2

OLD GREENWICH, Conn., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified industry 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, 2021, and the payment date is December 10, 2021.

Star Equity Holdings, Inc. Declares Cash Dividends Totaling $1.806 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

Star Equity Holdings, Inc. (STRR) Q3 2021 Results - Earnings Call Transcript

Q3 2021 revenues increased 64.5% in Construction and 16.1% in Healthcare Net debt decreased by $10.6 million versus a year ago

Star Equity Holdings, Inc. Announces 2021 Third Quarter Financial Results

Star Equity Holdings' (STRR) Management on Q2 2021 Results - Earnings Call Transcript

For Q2 2021, reports 57.0% and 117.2% increase in Healthcare and Construction revenues, respectively

Star Equity Holdings, Inc. Announces 2021 Second Quarter and Six Months Ended Financial Results

OLD GREENWICH, Conn., Aug. 06, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified, multi-industry holding company with three business divisions, Healthcare, Construction, and Investments, announced today the appointment of John W. Gildea to its Board of Directors, effective immediately. Mr. Gildea's appointment as independent director expands Star Equity's Board to six members. Mr. Gildea will also serve on the Audit Committee.

Star Equity Holdings, Inc. Appoints John Gildea to its Board of Directors

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OLD GREENWICH, Conn., May 17, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified, multi-industry holding company with three business divisions (Healthcare, Construction, and Investments), announced today that its management team will be presenting at the Sidoti Virtual Microcap Conference, on Thursday, May 20, 2021.   Star's main presentation is scheduled for 11:30 am ET, at Virtual Estate Room #1.

Star Equity Holdings, Inc. to Present at the Sidoti Virtual Microcap Conference on May 20th

Sale of assets substantially improved balance sheet Construction revenue grew 65%

News for Star Equity Holdings Stock (STRR)