Star Equity Holdings, Inc. (NASDAQ:STRR) Q1 2024 Earnings Conference Call May 20, 2024 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer David Noble - Chief Financial Officer Shawn Miles - Senior Vice President, Finance & Strategy Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings First Quarter 2024 Results Conference Call. Please be advised that the discussi ...

Nasdaq: STRR / STRRP Star Equity Holdings Announces Acquisition of Timber Technologies A Colfax, WI-based manufacturer of Engineered Wood Products ("EWP") May 20, 2024 | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|-------|-------|-------|-------| | | | | | | | | ✓ | Enters Engineered Wood Product Market | | | | | | ✓ | Diversifies Revenue Sources and End Markets | | | | | | ✓ | Substantially Improves Cash Flow | | | | | 1 www.starequity.com FORWARD LOOKING STAT ...

Old Greenwich, CT. - Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ("Star" or the "Company"), a diversified holding company, reported today its financial results for the first quarter (Q1) ended March 31, 2024. All 2024 and 2023 amounts in this release are unaudited. Following the sale of our Digirad Health business on May 4, 2023, all financial results for the 2023 reporting period, unless stated otherwise, relate to continuing operations, which currently include two divisions: Building Solutions (forme ...

Ended the first quarter with cash and cash equivalents of $14.7 million Well positioned to expand existing businesses organically and through acquisitions Timber Technologies acquisition marks a significant step forward in growth strategy OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ("Star" or the "Company"), a diversified holding company, reported today its financial results for the first quarter (Q1) ended March 31, 2024. All 2024 and 2023 amounts ...

Core Viewpoint - Star Equity Holdings, Inc. has successfully acquired Timber Technologies, LLC, enhancing its position in the engineered wood products market and significantly improving cash flow [2][5]. Transaction Highlights - The acquisition of Timber Tech, effective May 17, 2024, is valued at $23 million, which includes $16 million in upfront cash, $4 million in deferred cash, and a $3 million earn-out [8]. - Timber Tech reported revenue of $18.8 million and Adjusted EBITDA of $5.5 million for the full year 2023, indicating a strong financial performance [5][18]. - The acquisition is expected to diversify Star's Building Solutions division and leverage Timber Tech's established market presence in the Midwest and Northwest [5][6]. Company Background - Timber Technologies, founded in 2003, specializes in manufacturing glue-laminated timber products (glulam) for various applications, including agriculture, industrial, and construction [4][9]. - The company operates a 69,000 square foot facility in Colfax, Wisconsin, which will be acquired alongside the business [7]. Financial Details - Star has secured a $7 million term loan from Bridgewater Bank to partially finance the acquisition, with a fixed interest rate of 7.85% and a five-year amortization period [14]. - The earn-out targets for Adjusted EBITDA are set at $5.4 million and $6.0 million for the first and second years post-acquisition, respectively [8]. Strategic Implications - The acquisition aligns with Star's strategy to expand its market reach and enhance profitability through organic growth and further acquisitions [5][10]. - Co-owners of Timber Tech will remain in their current roles, ensuring continuity in operations and management [8].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35947 Star Equity Holdings, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation ...

Star Equity Holdings, Inc. (NASDAQ:STRR) Q4 2023 Earnings Conference Call March 22, 2024 10:00 AM ET Company Participants Rick Coleman - CEO & Director Dave Noble - CFO Jeff Eberwein - Executive Chairman Conference Call Participants Tate Sullivan - Maxim Group Theodore O'Neill - Litchfield Hills Research John Oberholzer - Private Investor Al Hill - Private Investor Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings, Inc. Fourth Quarter 2023 Results Conference Call. Please be advis ...

FY 2023 Financial Highlights vs. FY 2022 (unaudited) Exhibit 99.1 For Immediate Release March 22, 2024 Star Equity Holdings, Inc. Announces 2023 Fourth Quarter and Full Year Financial Results Ended 2023 with cash and cash equivalents of $18.9 million Generated positive cash flow from operations of $2.7 million in 2023 Old Greenwich, CT. - Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ("Star Equity" or the "Company"), a diversified holding company, reported today its financial results for the fourth quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-35947 Star Equity Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 33-0145723 (State or Other Ju ...

Star Equity Holdings, Inc. (NASDAQ:STRR) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Rick Coleman - CEO & Director Dave Noble - CFO Jeff Eberwein - Executive Chairman Conference Call Participants Theodore O'Neill - Litchfield Hills Research Justin Smith - Maxim Group Devon Xu - North First Capital Management Operator Greetings, ladies and gentlemen, and welcome to the Star Equity Holdings, Inc's third quarter 2023 results conference call. Please be advised the discussi ...