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Star Equity Holdings, Inc. is a diversified holding company focused on enhancing stockholder value through operational excellence, strategic proficiency, and efficient capital allocation. The company operates through two primary segments: construction and investments.
Under the construction segment, Star Equity Holdings Inc engages in manufacturing modular housing units for commercial and residential uses. This segment comprises modular building manufacturing, structural wall panel and wood foundation manufacturing, and building supply retail operations.
On the other hand, the investments segment oversees the company's corporate-owned real estate assets, including manufacturing facilities in Maine that are leased back to KBS and other businesses. Star Equity Holdings Inc primarily generates revenue from its construction activities.
Additionally, the company's investment division manages real estate assets and investment positions in both private and public companies, contributing to its diversified portfolio.
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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. (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, 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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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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Star Equity Holdings, Inc. will release its financial results for Q3 2023 on November 8, 2023. A conference call to discuss the results and management's outlook will be held at 10:00 a.m. ET. The call can be accessed via dial-in or webcast.
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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 September 1, 2023, and the payment date is September 11, 2023.
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Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) reported Q2 2023 financial results, with $21.4 million cash and no debt. Revenues decreased by 47.1% to $8.9 million, while gross profit increased by 7.5%. Year-to-date 2023, revenues decreased by 25.3% to $21.2 million, and gross profit increased by 75.8% to $6.9 million.
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Star Equity Holdings, Inc. will release its financial results for the second quarter of 2023 on August 11, 2023. A conference call to discuss the results and management's outlook will be held at 10:00 a.m. ET on the same day. The call can be accessed via dial-in or through a webcast on the Star Equity website.
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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.
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Star Equity Holdings, Inc. reports Q1 2023 financial results with a 2.6% increase in revenues and a 63% increase in consolidated gross profit compared to Q1 2022. Net income is $0.4 million and non-GAAP adjusted net income is $0.9 million. Adjusted EBITDA is $1.7 million.
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FAQ
What is the current stock price of Star Equity Holdings Series A Cumulative Perpetual Preferred Stock (STRRP)?
The current stock price of Star Equity Holdings Series A Cumulative Perpetual Preferred Stock (STRRP) is $9.2 as of November 6, 2024.
What is Star Equity Holdings, Inc. primary focus?
Star Equity Holdings, Inc. is primarily dedicated to increasing stockholder value through operational excellence, strategic proficiency, and capital allocation.
What are the two main segments of Star Equity Holdings Inc?
Star Equity Holdings Inc operates through two primary segments: construction and investments. The construction segment includes modular housing manufacturing, while the investments segment manages the company's real estate assets and investment positions.
How does Star Equity Holdings Inc generate revenue?
Star Equity Holdings Inc generates most of its revenue through its construction segment, which includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and building supply retail operations.
What does Star Equity Holdings Inc Investments division do?
The Investments division of Star Equity Holdings Inc manages and finances the company's real estate assets and investment positions in private and public companies, ensuring a diversified portfolio.
What is the recent development regarding Star Equity Holdings Inc stock split?
Star Equity Holdings Inc announced a 1-for-5 reverse split scheduled to be effective on June 14, 2024, for trading on June 17, 2024.
Star Equity Holdings, Inc. Series A Cumulative Perpetual Preferred Stock
Nasdaq:STRRP
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2.17M
54.9%
Diagnostics & Research
Electromedical & Electrotherapeutic Apparatus
United States of America
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