STOCK TITAN

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.

Rhea-AI Summary

Star Equity Holdings reported a 12.1% increase in Q1 2022 revenues to $25.0 million and a significant 51.5% rise in gross profit to $4.7 million, driven mainly by the Construction division, which posted a 191.5% profit increase. Despite these gains, the company faced a net loss of $3.7 million or $0.29 per share. Cash and equivalents increased to $15.0 million, with reduced net debt of ($1.7 million). The successful completion of a $14.3 million public offering positions the company for growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
-
Rhea-AI Summary

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 is June 1, 2022, while the payment date is set for June 10, 2022. The company's diverse operations span three key divisions: Healthcare, Construction, and Investments, focusing on medical imaging products, modular housing units, and real estate management. This dividend declaration reflects the company's commitment to delivering income to preferred stockholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.66%
Tags
dividends
-
Rhea-AI Summary

Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) will release its Q1 2022 financial results on May 23, 2022, before market opening. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss the results and management's outlook. Star Equity operates in three divisions: Healthcare, providing diagnostic services and imaging products; Construction, manufacturing modular housing; and Investments, managing real estate assets. An archived replay of the call will be available shortly after.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
Rhea-AI Summary

Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) announced a historic $9 million contract for its KBS Builders, Inc. to manufacture 72 modules for new dormitories at a New England college. This project marks KBS's largest contract and its entry into the student housing market, with production set to start in Q2 2022. Executive Chairman Jeff Eberwein expressed enthusiasm, highlighting the deal's potential to boost KBS's growth and capitalize on increasing acceptance of modular manufacturing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.91%
Tags
none
-
Rhea-AI Summary

Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) appointed Richard K. Coleman, Jr. as CEO, effective April 1, 2022. Coleman, who previously served as COO, brings over 30 years of executive leadership experience across various industries. His appointment is expected to drive business growth and operational efficiency. The company, which operates in Healthcare, Construction, and Investments sectors, is focused on generating shareholder value amidst expanding opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
management
-
Rhea-AI Summary

Star Equity Holdings, scheduled to participate in a fireside chat on March 30, 2022, at the Maxim Group Virtual Growth Conference, is a diversified holding company with three divisions: Healthcare, Construction, and Investments.

Executive Chairman Jeff Eberwein will represent the Company at 11:00 am ET. The Healthcare division focuses on diagnostic medical imaging products and mobile services, while Construction manufactures modular housing units. Interested investors can schedule meetings with management via email.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
conferences
Rhea-AI Summary

Star Equity Holdings, Inc. reported Q4 2021 revenues of $29.5 million, marking a 27.6% increase from the previous year. The Healthcare division's revenue rose by 16.9%, while Construction saw a 42.3% surge. Gross profit jumped 77.6% to $6.9 million. However, the net loss from continuing operations widened to $4.4 million ($0.84 per share). For FY 2021, total revenue grew 36.3% to $106.6 million, yet the net loss increased to $8.9 million. The company completed a public offering in January 2022, raising $14.3 million to support growth and acquisitions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.87%
Tags
-
Rhea-AI Summary

Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) is set to release its financial results for the fourth quarter and full year ending December 31, 2021, on March 22, 2022, before markets open. A conference call will follow at 10:00 a.m. ET to discuss the results and management's outlook. Star Equity operates in three main sectors: Healthcare, Construction, and Investments, providing diverse services including diagnostic imaging and modular housing manufacturing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
-
Rhea-AI Summary

Star Equity Fund, LP calls for major changes to the board of Servotronics, Inc. (SVT), citing long-term shareholder value destruction. The fund has nominated a qualified slate of candidates for the upcoming 2022 Annual Meeting, urging the current board to refrain from actions that could hinder shareholder rights. The incumbent board is criticized for ineffective governance practices, including the lack of independent directors and support of unprofitable divisions. Star Equity Fund aims to ensure fiduciary responsibility and maximize shareholder value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
Rhea-AI Summary

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 March 1, 2022, with the payment date set for March 10, 2022. The Company operates three divisions: Healthcare, Construction, and Investments, offering various services from diagnostic medical imaging to modular housing manufacturing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
dividends

FAQ

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

The current stock price of Star Equity Holdings (STRR) is $2.08 as of December 24, 2024.

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

The market cap of Star Equity Holdings (STRR) is approximately 6.7M.

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.

Star Equity Holdings, Inc.

Nasdaq:STRR

STRR Rankings

STRR Stock Data

6.69M
2.28M
28.92%
8.62%
1.01%
Diagnostics & Research
Electromedical & Electrotherapeutic Apparatus
Link
United States of America
OLD GREENWICH