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, Inc. (Nasdaq: STRR; STRRP) will be represented by CEO Rick Coleman at the Industrial Tech Virtual Conference on March 21, 2023. The company will participate in a panel focused on Modular Construction Technology & Trends at 1:00 pm ET. Interested attendees can register via M-Vest, the hosting platform. Star Equity is a diversified holding company with divisions in Healthcare, Construction, and Investments, specializing in medical imaging, modular housing units, and real estate asset management.
Star Equity Holdings (STRR, STRRP) reported robust financial results for Q4 2022 and FY 2022, showcasing operational recovery and growth across divisions. Q4 2022 revenues rose 8.8% to $32.1 million, with gross profit soaring 34.8% to $9.3 million. Net income flipped to $1.9 million, compared to a loss of $4.4 million in Q4 2021. Non-GAAP adjusted EBITDA also surged to $3.1 million. Full-year revenues increased by 5.2% to $112.2 million, while gross profit jumped 69.8% to $25.9 million. Notably, the Construction division drove significant growth. However, the Healthcare segment faced a 6.7% revenue decline amidst labor challenges. The company remains optimistic about future acquisitions.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) is set to release its financial results for the fourth quarter and full year ending December 31, 2022, before markets open on March 15, 2023. A conference call is scheduled for 10:00 a.m. ET that day to discuss the results and company outlook. Participants can join the call by dialing (800) 715-9871 (or (646) 307-1963 for international callers) with Conference ID: 2378853. A webcast of the call will also be available on the company's Investor Relations page. Star Equity operates in Healthcare, Construction, and Investments.
FAQ
What is the current stock price of Star Equity Holdings (STRR)?
What is the market cap of Star Equity Holdings (STRR)?
