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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.
Star Equity Holdings will participate in The Benchmark Company's Discovery One on One Virtual Video Investor Conference on December 2, 2021. The company, which operates in Healthcare, Construction, and Investments, will engage with investors through one-on-one and group meetings. Investors can access the presentation via Star Equity's Investor Relations webpage. This event underscores Star Equity's commitment to transparent communication with stakeholders and its efforts in showcasing its diversified business model.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) has announced a private placement of 650,000 shares of its common stock to Executive Chairman Jeffrey E. Eberwein at a price of $3.25 per share, a premium of 25.97% over its closing price on November 15, 2021. The transaction was approved by an independent Special Committee and is expected to close by December 10, 2021, subject to customary conditions. Proceeds will support general corporate needs. The shares will not be registered under the Securities Act, limiting their transferability.
Star Equity Holdings (Nasdaq: STRR; STRRP) has declared a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of December 1, 2021, and a payment date set for December 10, 2021. Additionally, the Board has announced a dividend of $1.556 per share, covering all accumulated and unpaid dividends, also payable on December 10, 2021. The Company operates in three divisions: Healthcare, Construction, and Investments.
Star Equity Holdings reported Q3 2021 revenues of $28.8 million, up 35.4% from $21.3 million in Q3 2020. The Healthcare division grew by 16.1%, while Construction surged 64.5%. Despite revenue growth, the company faced a net loss of $2.1 million, compared to a loss of $1.6 million in the prior year. Adjusted EBITDA also decreased, reflecting challenges in gross profit within Construction. However, net debt decreased by $10.6 million, highlighting improved financial stability. The company aims to leverage this to fund growth and potential acquisitions.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) will release its financial results for Q3 2021 on November 12, 2021, before market opening. A conference call is scheduled for 11:00 a.m. ET to discuss these results and the management's outlook. The company operates in three divisions: Healthcare, providing diagnostic imaging products and services; Construction, manufacturing modular housing; and Investments, managing real estate assets. The webcast and replay will be available online post-conference.
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 set for September 1, 2021, with payment scheduled for September 13, 2021. Star Equity operates in three business divisions: Healthcare, Construction, and Investments, signaling diversified revenue streams. This dividend declaration reflects the company’s commitment to return value to shareholders despite ongoing challenges in the market.
Star Equity Holdings reported significant Q2 2021 financial results, with total revenues from continuing operations soaring 77.8% to $25.8 million, driven by 57.0% growth in Healthcare and 117.2% in Construction. Despite this revenue growth, gross profit fell to $1.5 million, and the net loss grew to $1.8 million (or $0.36 per share). Cash and cash equivalents decreased to $6.3 million. The company reduced net debt to $6.8 million, enhancing liquidity for future growth and acquisitions.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced the appointment of John W. Gildea to its Board of Directors, expanding the board to six members. Gildea, a seasoned investor with over 30 years of experience, will also serve on the Audit Committee. He is the founding partner of Gildea Management Co., which focuses on special situation investments. Previously, Gildea managed significant joint ventures and served on various corporate boards. His inclusion is expected to enhance the Company's growth strategy, according to Executive Chairman Jeff Eberwein.
Star Equity Holdings (Nasdaq: STRR; STRRP) will release its Q2 financial results on August 10, 2021, prior to market opening. A conference call is set for 10:00 a.m. ET to discuss the outcomes and management's future outlook. The Company operates in three sectors: Healthcare, Construction, and Investments, focusing on diagnostic medical imaging, modular housing, and real estate management. Shareholders should tune in to gain insights into financial performance and strategic direction.
Star Equity Holdings (Nasdaq: STRR; STRRP) announced its participation in the Access to Giving Virtual Conference on July 15, 2021, with a presentation scheduled for 3:30 pm ET. The event will allow investors to access the presentation live online. Additionally, Star Equity's management will engage with investors throughout the day, enhancing investor interaction.
Star Equity operates three business divisions: Healthcare, Construction, and Investments, focusing on diverse operations including diagnostic imaging products and modular housing manufacturing.
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