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.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date for this dividend is March 1, 2023, and the payment date is March 10, 2023.
Star Equity operates in three divisions: Healthcare, offering diagnostic imaging products; Construction, manufacturing modular housing units; and Investments, managing real estate and investments.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) has declared a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date for the dividend is set for December 1, 2022, with the payment date scheduled for December 12, 2022. Star Equity operates through three divisions: Healthcare, Construction, and Investments, focusing on medical imaging, modular housing, and real estate management.
Star Equity Holdings reported Q3 2022 financial results, showing a 55% increase in consolidated gross profit to $5.8 million, despite a 16% revenue decrease to $24.2 million. The Healthcare division saw an 11% decline in revenue, while the Construction division faced a 21% drop due to timing in project revenue recognition. Non-GAAP adjusted net income improved to $0.8 million compared to a loss last year. Cash and cash equivalents rose to $8.5 million. The company anticipates continued performance improvements across its divisions.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) announced the release of its third-quarter financial results for the period ending September 30, 2022, scheduled for November 11, 2022. The results will be available before the market opens, followed by a conference call at 10:00 a.m. ET to discuss the findings and provide management's outlook. Interested parties can access the call by dialing the provided numbers or through a webcast on the company’s Investor Relations page.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced its participation in the Windy City Roundup Conference on October 12-13, 2022, at the Swissotel in Chicago. The company's main presentation is set for October 13 at 11:30 am CT, which will be accessible online. Investors can also engage in one-on-one meetings with management by contacting Investor Relations. For further details, the presentation PDF will be available on Star Equity's Investor Relations webpage.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) announced a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date for this dividend is September 1, 2022, with a payment date of September 12, 2022. The company operates across three divisions: Healthcare, Construction, and Investments, which focus on medical imaging products, modular housing, and real estate management respectively. This dividend declaration underscores the company's commitment to returning value to shareholders.
Star Equity Holdings reported a 19% increase in Q2 2022 revenues to $30.7 million, with a 306% gross profit spike to $6.1 million. The Construction division saw a remarkable 54% revenue surge, contributing significantly to overall growth. Despite a net loss of $1.6 million for Q2, non-GAAP adjusted net income rose to $0.5 million. Cash and equivalents improved to $13.7 million, bolstered by a January equity offering. The company focuses on high-return investments and new acquisitions, aiming for gross margins over 20% in Construction.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) will announce its second quarter financial results for the period ended June 30, 2022, on August 12, 2022, before the market opens. A conference call is scheduled at 10:00 a.m. ET to discuss these results and management's outlook. Star Equity operates in three divisions: Healthcare, Construction, and Investments, focusing on medical imaging products and modular housing solutions. The company emphasizes a diversified portfolio and future growth strategies, with a focus on enhancing their healthcare and construction sectors.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) announced a $4.2 million contract for its KBS Builders, Inc. to manufacture 60 modules for eight new multi-family buildings on Nantucket, addressing the island's affordable housing challenges. Construction has started on two buildings with the remaining expected to continue into fall 2022. KBS is gaining market share in workforce housing across the Northeast, reflecting strong demand. The project represents KBS's second large-scale project won in 2022, with a backlog extending into November.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced its participation in the LD Micro Invitational Conference, scheduled for June 8, 2022, at 7:30 am PT. The management will present live online, and investors can access the presentation via the provided link. Direct interaction with management is encouraged through pre-scheduled one-on-one meetings. Star Equity operates across three divisions: Healthcare, Construction, and Investments, focusing on diagnostic imaging, modular housing, and asset management.
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