Star Equity (STRR)
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Star Equity Holdings to Present at the Noble Capital Markets Emerging Growth Virtual Conference on February 4-5
Globenewswire· 2026-01-29 13:30
Core Insights - Star Equity Holdings, Inc. is a diversified holding company focused on building long-term shareholder value through acquisitions and management of businesses with strong fundamentals and market opportunities [3] Group 1: Company Overview - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3] - The name change to Star Equity Holdings, Inc. and the new trading symbols STRR and STRRP on Nasdaq took effect on September 5, 2025, following the merger with Star Operating Companies, Inc. [4] Group 2: Upcoming Events - Star's management team will present at the Noble Capital Markets Emerging Growth Virtual Conference on February 5, 2026, at 2:30 PM ET, with one-on-one meetings available for investors [1][2] Group 3: Division Details - The Building Solutions division focuses on modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5] - The Business Services division offers flexible recruitment solutions for organizations at all levels, emphasizing partnerships with HR and procurement leaders [6] - The Energy Services division is involved in the rental, sale, and repair of downhole tools for various industries, including oil and gas [7] - The Investments division manages the company's real estate assets and investment positions in both private and public companies [8]
Star Equity (STRR) Q4 2024 Earnings Transcript
Yahoo Finance· 2026-01-27 16:26
Core Insights - The company reported a signed backlog of $17.2 million at year-end, indicating strong demand for its Building Solutions division, which is expected to benefit from structural tailwinds as factory-built construction gains market share [1] - The company experienced a 7.2% decline in gross profit for the full year 2024, primarily due to a one-time accounting adjustment and lower revenues in certain business segments, but saw a positive shift in momentum in the second half of 2024 [2] - Revenue for Q4 2024 increased by 21.1% to $17.1 million compared to Q4 2023, driven by M&A activities, particularly the acquisition of Timber Technologies [4][3] Financial Performance - Full year 2024 revenue rose 16.5% to $53.4 million from $45.8 million in 2023, with Q4 gross profit increasing 55.3% to $4.5 million compared to $2.9 million in Q4 2023 [4][3] - Consolidated gross profit for Q4 2024 was $4.4 million, up 55.9% year-over-year, but full year gross profit decreased by 7.3% to $11.1 million due to lower margins in the first half of the year [7] - SG&A expenses increased by 31.7% in Q4 2024 compared to the same period in 2023, largely due to the impacts of recent acquisitions [8] Strategic Developments - The company has enhanced contract language to mitigate risks associated with input cost changes and has implemented a hedging strategy to manage lumber price fluctuations [5][28] - The acquisition of Alliance Drilling Tools has diversified the company's portfolio and is expected to contribute significantly to future growth, with ADT generating approximately $10.5 million in revenue and a gross margin of 48% for the full year 2024 [5][6] - The company is optimistic about its sales pipeline and backlog, anticipating substantial growth beginning in Q4 2024 and continuing into 2025 [16][17] Market Conditions - The Building Solutions division faced demand softness in the first half of 2024 due to interest rate sensitivity and credit availability, but project momentum improved in the latter half of the year [2] - The company is closely monitoring the impact of fiscal policies, including tariffs, on its operations, particularly regarding lumber sourcing from Canada [1][27]
Star Equity (STRR) Q3 2025 Earnings Transcript
Yahoo Finance· 2026-01-27 16:26
Core Insights - The company reported a pro forma adjusted EBITDA of $3.1 million for Q3 2025, a significant increase from $600,000 in the same quarter last year, indicating improved operational performance post-merger [1] - The net loss for the quarter was $1.8 million or $0.54 per share, compared to a net loss of $800,000 or $0.28 per share in Q3 2024, although adjusted net income per share on a non-GAAP basis was positive at $0.02, up from a loss of $0.13 per share [2] - Revenue for Q3 2025 reached $48 million, reflecting a 30% increase year-over-year, driven by the inclusion of Star Operating Companies [3] Financial Performance - Total cash, including restricted cash, was reported at $18.5 million at the end of the quarter [1] - Adjusted EBITDA for the Business Services segment was flat at $1.7 million, while revenue was $37 million, slightly up from $36.9 million in the prior year [6][7] - Building Solutions segment revenue totaled $9.6 million with a gross profit of $1.7 million, and on a pro forma basis, revenue was $21.4 million, up from $13.7 million in Q3 2024 [10] Strategic Developments - The company completed its acquisition of Star Operating Companies on August 22, 2025, and rebranded from Hudson Global to Star Equity Holdings [4] - The Business Services segment demonstrated resilience in a challenging macroeconomic environment, maintaining profitability and slight gross profit increases [5] - The company is focused on a land-and-expand strategy, securing approximately $39.8 million in gross profit from renewals and extensions at existing clients [7][8] Market Position and Future Outlook - The company aims to drive sustainable growth through investments in new technologies and a commitment to operational excellence [8] - The Building Solutions segment is capitalizing on a rebound in commercial construction demand, with a solid backlog of $20 million in committed orders [11] - The Energy Services segment reported revenue of $1.3 million, with pro forma revenue increasing to $3.7 million, indicating strong performance despite sector slowdowns [12] Shareholder Value Initiatives - The company repurchased about 8% of its outstanding shares during Q3, reflecting confidence in its intrinsic value [14] - A new $3 million share repurchase program has been authorized by the Board of Directors, emphasizing a commitment to enhancing shareholder value [14] - The company is evaluating acquisition opportunities that align with its diversified holding company model, focusing on scalable cash-generating businesses [15]
GEE Group Addresses Star Equity's Public Commentary Regarding Indication of Interest
Accessnewswire· 2026-01-22 22:00
Core Viewpoint - GEE Group Inc. has responded to public commentary from Star Equity Holdings regarding an Indication of Interest received on January 6, 2026 [1] Group 1 - GEE Group Inc. is a provider of professional staffing services and human resource solutions [1] - The company received an Indication of Interest (IOI) from Star Equity Holdings via email on January 6, 2026 [1]
Star Equity Issues Statement on GEE Group's Lack of Engagement
Globenewswire· 2026-01-22 13:30
Core Viewpoint - Star Equity Holdings, Inc. has proposed a merger with GEE Group, Inc. to enhance value for GEE Group's shareholders, citing the need for GEE Group to join a larger entity rather than continuing its independent strategy [1][2]. Group 1: Proposal Rationale - The proposal suggests that GEE Group should abandon its "go it alone" strategy, as remaining a small public company is detrimental to shareholder value due to high SG&A expenses [2]. - A merger with Star Equity would eliminate duplicative public company costs and create potential cost-saving synergies [2]. - GEE Group's past acquisition performance has been poor, indicating that it should focus on being a seller rather than a buyer [2]. Group 2: Financial Performance Concerns - GEE Group's revenue for FY 2025 was $96.5 million, a 41.6% decline from FY 2022 and a 9.8% decline from FY 2024 [3]. - The company reported net losses of $58.8 million over the last two years, including $36.2 million from goodwill impairment charges, highlighting issues with previous acquisitions [3][4]. - JOB's stock price has declined nearly 92% from five years ago, reflecting market concerns over GEE Group's financial performance and capital allocation [5]. Group 3: Market Sentiment and Strategy - The stock price has traded close to its cash per share since April 2025, indicating a loss of confidence in GEE Group's management and strategy [5]. - GEE Group's management has expressed a preference for acquisitions over share repurchases, which could be detrimental to shareholder value given the high multiples in the staffing industry [6]. - Star Equity believes that its proposal would significantly benefit JOB stockholders by reducing corporate overhead costs and improving operational efficiency [12].
Star Equity Issues Statement on GEE Group’s Lack of Engagement
Globenewswire· 2026-01-22 13:30
Core Viewpoint - Star Equity Holdings, Inc. has proposed a merger with GEE Group, Inc. to enhance shareholder value, but GEE Group has not responded to the proposal despite multiple outreach attempts [1][2][8]. Group 1: Proposal Rationale - GEE Group should consider merging with a larger entity to avoid the pitfalls of remaining a small public company, which incurs high SG&A expenses relative to revenue [2]. - The merger would eliminate duplicative public company costs and create potential cost-saving synergies, enhancing overall performance [2]. - GEE Group's previous acquisitions have underperformed, suggesting that it should focus on being a seller rather than a buyer [2]. Group 2: Financial Performance Concerns - GEE Group's revenue for FY 2025 was $96.5 million, a 41.6% decline from FY 2022 and a 9.8% decline from FY 2024 [3]. - The company reported net losses of $58.8 million over the last two years, including $36.2 million from goodwill impairment, indicating overpayment for past acquisitions [3][4]. - The stock price has declined nearly 92% from five years ago, reflecting market concerns over GEE Group's financial performance and capital allocation [5]. Group 3: Market Sentiment and Management Strategy - GEE Group's stock has traded close to its cash per share since April 2025, signaling a loss of market confidence in its financial and operational strategies [5]. - Despite the stock's decline, GEE Group's management has expressed a preference for acquisitions over share repurchases, which could be detrimental to shareholder value given the high multiples in the staffing industry [6]. - The market sentiment indicates skepticism regarding the board's commitment to enhancing shareholder value through disciplined capital management [6]. Group 4: Benefits of the Proposed Merger - The merger with Star Equity is expected to create significant value for both GEE Group and Star Equity shareholders through operational efficiencies and reduced overhead costs [9][12].
Star Equity Holdings to Present at Sidoti’s Micro-Cap Virtual Investor Conference on January 21-22
Globenewswire· 2026-01-16 13:30
Core Viewpoint - Star Equity Holdings, Inc. is actively engaging with investors through presentations and one-on-one meetings at the Sidoti's Micro-Cap Virtual Investor Conference scheduled for January 21-22, 2026 [1][2]. Company Overview - Star Equity Holdings, Inc. is a diversified holding company focused on building long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities [3]. - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3]. Recent Developments - On August 22, 2025, the company completed the acquisition of Star Operating Companies, Inc., which was previously known as Star Equity Holdings, Inc. This merger resulted in the company changing its name and trading symbols on Nasdaq to STRR and STRRP effective September 5, 2025 [4]. Division Summaries - **Building Solutions**: This division operates in three niches: modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber (glulam) column, beam, and truss manufacturing [5]. - **Business Services**: This division provides flexible and scalable recruitment solutions to a global clientele, focusing on mid-market and enterprise organizations [6]. - **Energy Services**: This division is involved in the rental, sale, and repair of downhole tools used in various industries including oil and gas, geothermal, mining, and water-well [7]. - **Investments**: This division manages and finances the company's real estate assets and investment positions in both private and public companies [8].
Star Equity Holdings to Present at Sidoti's Micro-Cap Virtual Investor Conference on January 21-22
Globenewswire· 2026-01-16 13:30
Core Insights - Star Equity Holdings, Inc. is set to present at Sidoti's Micro-Cap Virtual Investor Conference on January 21-22, 2026, with a main presentation scheduled for January 22 at 10:45am ET [1][2] Company Overview - Star Equity Holdings, Inc. is a diversified holding company focused on building long-term shareholder value through the acquisition, management, and growth of businesses with strong fundamentals and market opportunities [3] - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3] Recent Developments - On August 22, 2025, the company completed the acquisition of Star Operating Companies, Inc., which was previously known as Star Equity Holdings, Inc. This merger resulted in the company changing its name and trading symbols on Nasdaq to STRR and STRRP effective September 5, 2025 [4] Division Summaries - **Building Solutions**: This division focuses on modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber (glulam) products [5] - **Business Services**: This division offers flexible recruitment solutions to a global clientele, catering to organizations from entry-level to C-suite positions, with a focus on mid-market and enterprise organizations [6] - **Energy Services**: This division is involved in the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [7] - **Investments**: This division manages and finances the company's real estate assets and investment positions in both private and public companies [8]
Star Equity Holdings to Present at the Noble Capital Markets Emerging Growth Conference on December 3, 2025
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Star Equity Holdings, Inc. is actively engaging with investors and presenting at the Noble Capital Markets Emerging Growth Conference, indicating a focus on growth and investor relations [1][2]. Company Overview - Star Equity Holdings, Inc. is a diversified holding company aiming to build long-term shareholder value through the acquisition, management, and growth of businesses with strong fundamentals and market opportunities [3]. - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3]. Recent Developments - On August 22, 2025, the company completed the acquisition of Star Operating Companies, Inc., which was part of a merger agreement finalized on May 21, 2025. This merger resulted in the company changing its name and trading symbols on Nasdaq to STRR and STRRP effective September 5, 2025 [4]. Division Summaries - **Building Solutions**: This division focuses on modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber (glulam) products [5]. - **Business Services**: Provides flexible recruitment solutions to a global clientele, targeting mid-market and enterprise organizations, and emphasizes building diverse, high-impact teams [6]. - **Energy Services**: Engages in the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [7]. - **Investments**: Manages and finances the company's real estate assets and investment positions in both private and public companies [8].
Star Equity Holdings, Inc. 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:STRR) 2025-11-13
Seeking Alpha· 2025-11-13 21:33
Core Insights - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article suggests that users may face blocks if ad-blockers are enabled, indicating a need to disable them for proper access [1]