Welcome to our dedicated page for Star Equity Holdings Series A Cumulative Perpetual Preferred Stock news (Ticker: STRRP), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings Series A Cumulative Perpetual Preferred Stock stock.
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.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) will be represented by CEO Rick Coleman at the Industrial Tech Virtual Conference on March 21, 2023. The company will participate in a panel focused on Modular Construction Technology & Trends at 1:00 pm ET. Interested attendees can register via M-Vest, the hosting platform. Star Equity is a diversified holding company with divisions in Healthcare, Construction, and Investments, specializing in medical imaging, modular housing units, and real estate asset management.
Star Equity Holdings (STRR, STRRP) reported robust financial results for Q4 2022 and FY 2022, showcasing operational recovery and growth across divisions. Q4 2022 revenues rose 8.8% to $32.1 million, with gross profit soaring 34.8% to $9.3 million. Net income flipped to $1.9 million, compared to a loss of $4.4 million in Q4 2021. Non-GAAP adjusted EBITDA also surged to $3.1 million. Full-year revenues increased by 5.2% to $112.2 million, while gross profit jumped 69.8% to $25.9 million. Notably, the Construction division drove significant growth. However, the Healthcare segment faced a 6.7% revenue decline amidst labor challenges. The company remains optimistic about future acquisitions.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) is set to release its financial results for the fourth quarter and full year ending December 31, 2022, before markets open on March 15, 2023. A conference call is scheduled for 10:00 a.m. ET that day to discuss the results and company outlook. Participants can join the call by dialing (800) 715-9871 (or (646) 307-1963 for international callers) with Conference ID: 2378853. A webcast of the call will also be available on the company's Investor Relations page. Star Equity operates in Healthcare, Construction, and Investments.
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