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Star Equity Holdings Inc - STRR STOCK NEWS

Welcome to our dedicated page for Star Equity Holdings news (Ticker: STRR), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings stock.

Star Equity Holdings, Inc. (STRR) is a diversified holding company dedicated to enhancing stockholder value through operational excellence, strategic planning, and effective capital allocation. The company operates through two primary segments: Construction and Investments.

In the Construction segment, Star Equity Holdings excels in the manufacturing of modular housing units catering to both commercial and residential markets. This segment focuses on two key business areas: modular building manufacturing and structural wall panel and wood foundation manufacturing, which also includes building supply retail operations. The construction segment is the company's primary revenue generator, reflecting its significant market presence and operational efficiency.

The Investments segment focuses on managing and financing the company's real estate assets. This segment includes corporate-owned real estate, comprising two manufacturing facilities in Maine. These properties are leased back to KBS and the manufacturing facility, showcasing the strategic utilization of real estate to generate consistent income and support business operations.

Star Equity Holdings is committed to sustained growth through strategic initiatives and effective management. The company's recent achievements include the non-GAAP adjusted EBITDA performance, reflecting a sound financial health and an efficient investment strategy. The company continually seeks opportunities to enhance its portfolio, leveraging both public and private investment positions to drive future growth.

For the latest updates and more detailed information, investors can access a simultaneous webcast of the company's events and presentations through the Investor Relations page on their website. Notably, the financials provided are unaudited, ensuring transparency and accuracy in reporting.

News

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

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Star Equity Holdings announced that its KBS Builders business unit closed a $4 million revolving line of credit with KeyBank. The LOC will be used for working capital and growth initiatives, providing financial flexibility. The credit facility has a maturity date of April 30, 2025, with an interest rate of SOFR plus a 3.00% margin.
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Star Equity Holdings, Inc. Announces 2023 Fourth Quarter and Full Year Financial Results

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Star Equity Holdings, Inc. reported financial results for Q4 and FY 2023, ending with $18.9 million in cash. Revenues and gross profit decreased in Q4 compared to 2022, while net income improved. The Construction division saw a decline in revenue but improved gross margins. Investments division revenue remained stable. Operating expenses varied, resulting in a net loss for FY 2023. Cash flow from operations turned positive, with a decrease in debt. The Company remains focused on strategic acquisitions and growth opportunities.
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Star Equity Holdings to Release Fourth Quarter 2023 Financial Results on March 22nd

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Star Equity Holdings, Inc. will release its Q4 2023 financial results on March 22, 2024. A conference call will be held to discuss the results and management's outlook.
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Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

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Star Equity Holdings, Inc. declares a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date is March 1, 2024, with a payment date of March 11, 2024.
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Star Equity Holdings Announces $5.9 Million Sale-Leaseback Transaction

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Star Equity Holdings, Inc. has announced a sale-leaseback agreement for its South Paris, Maine facility, with the real estate arm of the company's Investments division. The transaction is valued at $5.935 million, with a 20-year lease agreement and the potential for a 20-year extension. The company's modular manufacturing business, KBS Builders, Inc., will continue to operate the facility with no impact on its operations. The CFO, David Noble, expressed excitement about the value-unlocking transaction and the company's ability to fund its growth strategy and redeploy cash into EBITDA-generating assets.
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KBS Builders Wins $2 Million Contract for Nantucket Workforce Housing Project

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Star Equity Holdings, Inc. announced that its subsidiary, KBS Builders, Inc., has secured a $2 million contract to manufacture modular units for affordable workforce housing in Nantucket, MA. The contract involves constructing a multi-family building with 20 apartments, addressing housing shortages for the local community. The CEO, Rick Coleman, expressed enthusiasm for the new contract and highlighted KBS' essential role in providing affordable housing solutions in the New England area.
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Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

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Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) Announces Cash Dividend for Series A Cumulative Perpetual Preferred Stock
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Star Equity Holdings, Inc. Announces 2023 Third Quarter Financial Results

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Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) reported Q3 2023 financial results, ending with $20.7 million in cash and cash equivalents. Revenues decreased by 6.1% to $10.4 million, and gross profit decreased by 28.3% to $2.2 million. Non-GAAP adjusted EBITDA was a loss of $14 thousand. Year-to-date 2023 revenues decreased by 19.9% to $31.7 million, while gross profit increased by 29.9% to $9.1 million. Net loss from continuing operations was $3.7 million, and debt decreased to $0.5 million. The company's acquisition of Big Lake Lumber represents an important step in its growth strategy.
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Star Equity Holdings Announces Acquisition of Big Lake Lumber

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Star Equity Holdings, Inc. has completed the acquisition of Big Lake Lumber, Inc., a Minneapolis-based building supply center and lumber yard. The acquisition positions Star's Glenbrook Building Supply as a regional player in the twin cities metro area and diversifies Glenbrook's revenue mix. Star will remain composed of two divisions: Construction and Investments.
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KBS Builders Wins $1.9 Million Initial Contract for a Multi-Phase Affordable Housing Project in Maine

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Star Equity Holdings, Inc. announced that its KBS Builders, Inc. business has signed a $1.9 million initial contract to manufacture 12 modules for an affordable housing project in rural Maine. The project aims to provide 18 affordable rental units that conform to local architecture and maintain the historic integrity of the neighborhood. The units are expected to be ready for occupancy by early spring 2024.
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FAQ

What is the current stock price of Star Equity Holdings (STRR)?

The current stock price of Star Equity Holdings (STRR) is $2.1622 as of February 25, 2025.

What is the market cap of Star Equity Holdings (STRR)?

The market cap of Star Equity Holdings (STRR) is approximately 7.4M.

What are the main business segments of Star Equity Holdings, Inc.?

The main segments are Construction, which focuses on modular housing and building supply operations, and Investments, which manages corporate-owned real estate.

How does Star Equity Holdings derive most of its revenue?

The company derives most of its revenue from the Construction segment, which involves manufacturing modular housing units and structural components.

What is included in the Investments segment of Star Equity Holdings?

The Investments segment includes the management and financing of corporate-owned real estate, such as two manufacturing facilities in Maine.

Where can I find the latest presentations and events of Star Equity Holdings?

You can access the latest presentations and events on the Investor Relations page of the Star Equity website under the 'Events & Presentations' section.

Are the financials of Star Equity Holdings audited?

The provided financials are unaudited, ensuring transparency in reporting.

What does Star Equity Holdings focus on to enhance stockholder value?

The company focuses on excellence in operations, strategic planning, and effective capital allocation to enhance stockholder value.

What products does the Construction segment of Star Equity Holdings produce?

It produces modular housing units for commercial and residential applications, structural wall panels, and wood foundations, including building supply retail operations.

How does the Investment segment support Star Equity Holdings?

The Investment segment supports the company by managing and financing real estate assets and holding investment positions in private and public companies.

What is the primary revenue generator for Star Equity Holdings?

The primary revenue generator for the company is the Construction segment.

Can I attend Star Equity Holdings' investor presentations online?

Yes, you can attend the presentations online via the Events & Presentations link on the Investor Relations page of their website.
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Star Equity Holdings Inc

Nasdaq:STRR

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STRR Stock Data

7.43M
2.28M
28.92%
8.62%
1.01%
Diagnostics & Research
Electromedical & Electrotherapeutic Apparatus
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