Welcome to our dedicated page for Star Equity Holdings news (Ticker: STRR), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings stock.
Star Equity Holdings Inc (STRR) operates as a diversified holding company with strategic interests in modular construction and corporate real estate management. This news hub provides investors and industry observers with centralized access to official updates and third-party analysis regarding the company's activities.
Our curated collection features press releases covering earnings reports, strategic initiatives, and operational developments across STRR's construction and investment segments. Users will find updates on manufacturing innovations, real estate portfolio management, and expansion into adjacent sectors like energy services.
The resource serves investors seeking to monitor material events impacting STRR's market position, including acquisition announcements, leadership changes, and financial performance disclosures. All content is vetted for relevance to long-term value drivers in modular housing production and asset management strategies.
Bookmark this page for streamlined tracking of STRR's progress in integrating construction expertise with investment acumen. Regular updates ensure stakeholders maintain current awareness of developments affecting this dual-segment industrial enterprise.
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.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) has adopted a Rights Agreement effective immediately, aiming to protect its significant net operating loss carryforwards (NOLs) of approximately $94.9 million as of December 31, 2020. This agreement, subject to stockholder approval at the 2021 annual meeting, prevents ownership changes that could limit tax benefits under Section 382 of the Internal Revenue Code. A dividend of one right to purchase preferred stock will be issued to stockholders of record as of June 14, 2021. The agreement is effective until June 2, 2024.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) announced a dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock. The record date for this dividend is June 1, 2021, with payment scheduled for June 11, 2021. This decision reflects the Company's commitment to returning value to its shareholders while managing its diverse operations across Healthcare, Construction, and Investments. The Company emphasizes its focus on growth despite the inherent risks associated with its significant debt obligations.
Star Equity Holdings (Nasdaq: STRR; STRRP) will present at the Sidoti Virtual Microcap Conference on May 20, 2021, at 11:30 am ET. The event will be hosted in Virtual Estate Room #1, with live streaming available through a provided link. Star Equity is a diversified holding company with three primary divisions: Healthcare, Construction, and Investments. Investors can download a PDF version of the presentation from the company's investor relations section on their website.
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