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.
News for Star Equity Holdings, Inc. (Nasdaq: STRR and STRRP) centers on its activities as a diversified holding company with Building Solutions, Business Services, Energy Services, and Investments divisions. Company press releases provide updates on financial performance, corporate events, capital allocation decisions, and developments within each operating area.
Investors following STRR news can see regular earnings announcements, where Star Equity reports revenue, gross profit, segment results, adjusted EBITDA, and other metrics for its Building Solutions, Energy Services, and Investments activities. These releases often include commentary on backlog in the Building Solutions division, performance of the Energy Services segment, and realized gains or losses from the Investments division.
Star Equity’s news flow also features corporate transactions and structure updates, including the merger between Hudson Global, Inc. and Star Equity Holdings, Inc. and subsequent changes to the combined company’s name, ticker symbols, and reporting segments. Additional items include share repurchase authorizations, preferred stock dividend declarations, and information about rights agreements related to net operating loss carryforwards.
Another category of news involves investor outreach and conferences. The company issues releases about presentations at events such as the Noble Capital Markets Emerging Growth Conference, LD Micro Conference, and Sidoti Small Cap Virtual Conference, as well as scheduled conference calls and webcasts for quarterly results.
Within the Business Services division, Star Equity has announced branding developments, such as the rebranding of its RPO subsidiary to Hudson Talent Solutions, reflecting changes in how that business is presented to the market. Together, these updates give readers a view into Star Equity’s operating segments, capital decisions, and strategic corporate actions over time.
Star Equity Holdings (NASDAQ: STRR) has announced it will release its Q1 2025 financial results on Wednesday, May 14, 2025, before market opens. The company will host a conference call at 10:00 a.m. ET to discuss the results and management's outlook.
Star Equity operates through three main divisions: Building Solutions (modular building manufacturing, structural wall panel and wood foundation manufacturing, and glulam manufacturing), Energy Services (downhole tools for oil, gas, and other industries), and Investments (managing real estate assets and investment positions).
Star Equity Holdings (NASDAQ: STRR) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 2024 highlights include a 21.1% revenue increase to $17.1 million, 55.9% gross profit growth to $4.4 million, and adjusted EBITDA of $1.1 million. However, the company recorded a net loss of $2.5 million.
Full-year 2024 results showed 16.5% revenue growth to $53.4 million, but gross profit declined 7.3% to $11.1 million. The company reported a net loss of $10.4 million and adjusted EBITDA loss of $0.8 million. Cash position decreased to $5.6 million from $18.9 million, while debt increased to $11.3 million from $2.0 million.
The Building Solutions division showed strong Q4 performance with significant project approvals and a $17.2 million year-end backlog. The company recently established its Energy Services division through the ADT acquisition in March 2025. Star Equity maintains a stock repurchase program with $721,000 remaining authorization as of December 31, 2024.
Star Equity Holdings (NASDAQ: STRR) has announced it will release its fourth quarter 2024 financial results on March 20, 2025, before market opens. The company will host a conference call at 10:00 a.m. ET on the same day to discuss results and management's outlook.
Star Equity operates through three main divisions:
- Building Solutions: Encompasses modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing
- Energy Services: Focuses on rental, sale, and repair of downhole tools for oil, gas, geothermal, mining, and water-well industries
- Investments: Manages real estate assets and investment positions in private and public companies
Star Equity Holdings (Nasdaq: STRR) announced two major contracts for its subsidiary KBS Builders totaling $5.2 million for multifamily construction in Maine. The contracts include:
- $3.1 million for 32 modules (20 mixed-income housing units) in Portland, with manufacturing starting Q2 2025
- $2.1 million for 28 modules (14 townhouse units) in Bowdoinham, starting Q1 2025
The company also released preliminary Q4 2024 metrics showing:
- Revenue of $17.1 million (up from $14.1M in Q4 2023)
- Gross profit of $4.4 million (up from $2.9M)
- Non-GAAP adjusted EBITDA of $1.1 million (improved from -$0.1M loss)
Star Equity Holdings (STRR) has acquired Alliance Drilling Tools (ADT) for a cash-free, debt-free enterprise value of $12.65 million, marking a significant expansion into the Energy Services sector. The transaction includes $4.9 million in cash and 775,000 shares of Star's Series A Preferred Stock.
ADT, founded in 2009, specializes in rental, sale, and repair of downhole tools for oil, gas, geothermal, mining, and water-well industries. The company operates facilities in Texas, Wyoming, and Utah, serving primarily large, well-capitalized clients. For full year 2024, ADT reported:
- Revenue: $10.5 million
- Gross margin: 48%
- Adjusted EBITDA: $2.4 million
The acquisition includes real estate estimated at $3.0 million, for which Star plans to initiate a sale-leaseback process. ADT will retain its brand name and operate as Star's new Energy Services division, alongside existing Building Solutions and Investments divisions.
Star Equity Holdings (NASDAQ: STRR) has announced a cash dividend of $0.25 per share for holders of its 10% Series A Cumulative Perpetual Preferred Stock. The dividend will be paid on March 10, 2025, with a record date of March 1, 2025.
The company operates through two main divisions: Building Solutions and Investments. The Building Solutions division encompasses modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing. The Investments division manages the company's real estate assets and investment positions in private and public companies.
Star Equity Holdings (STRR) announced that its subsidiary, KBS Builders, has secured a $3.2 million contract for a multifamily housing project in Maine. The contract involves manufacturing 40 modules to construct five 4-unit townhouse condominiums in Lincoln County, with production starting in January and delivery scheduled for Q2 2025.
This contract represents the second of two potential contracts worth over $5 million mentioned in Star's Q3 2024 earnings release, following the previously announced $2.1 million Vermont project. The CEO highlighted this win as strengthening KBS' market position in New England and their ability to address the region's housing shortage.
Star Equity Holdings (NASDAQ: STRR) announced that its subsidiary, KBS Builders, has secured a $2.1 million contract to manufacture 16 modules for three 4-unit apartment buildings in Randolph, Vermont. Manufacturing will begin in February, with delivery scheduled for Q2 2025.
This contract follows two multimillion-dollar affordable housing projects in Maine announced in October. CEO Rick Coleman highlighted KBS's strong position in the New England commercial construction market, particularly in multifamily housing, affordable housing, workforce housing, and college dormitories. The company anticipates continued market momentum through 2025, supported by improving interest rates, strong backlog, and positive customer feedback.
Star Equity Holdings (Nasdaq: STRR) has announced a cash dividend of $0.25 per share for holders of its 10% Series A Cumulative Perpetual Preferred Stock. The dividend will be paid on December 10, 2024, with a record date of December 1, 2024. The company operates through two main divisions: Building Solutions, which includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing; and Investments, which manages real estate assets and investment positions in private and public companies.