Welcome to our dedicated page for Star Equity Holdings news (Ticker: STRRP), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings stock.
Star Equity Holdings, Inc.’s 10% Series A Cumulative Perpetual Preferred Stock (Nasdaq: STRRP) is tied to a diversified holding company that regularly issues news across several operating areas and corporate topics. Company communications describe Star Equity as seeking to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities, and this strategy is reflected in its news flow.
Investors following STRRP can expect news related to the company’s four primary divisions: Building Solutions, Business Services, Energy Services, and Investments. Building Solutions updates may cover modular building manufacturing activity, structural wall panel and wood foundation projects, and glulam component production. Business Services news often focuses on recruitment solutions for global clients and developments within Hudson Talent Solutions, the rebranded Hudson RPO subsidiary. Energy Services announcements may discuss the rental, sale, and repair of downhole tools used in oil and gas, geothermal, mining, and water-well industries. The Investments division appears in news about real estate holdings and positions in private and public companies.
Beyond operating segments, STRRP-related coverage includes dividend declarations on the 10% Series A Cumulative Perpetual Preferred Stock, quarterly and annual financial results, and capital allocation decisions such as share repurchase programs. Merger and integration updates have also been prominent, including the completed merger with Hudson Global, the subsequent name and ticker changes, and the transition to a larger multi-sector holding company structure.
News items further highlight conference presentations, investor events, and corporate governance actions documented in SEC filings, such as Form 8-K reports on material events and voting results. For users tracking STRRP, this news page provides a centralized view of how the combined company’s strategy, segment performance, and corporate actions may affect the preferred stock over time. Bookmarking this page allows readers to monitor ongoing disclosures, dividend announcements, and segment-level developments connected to the STRRP security.
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.
Star Equity Holdings (NASDAQ: STRR) reported Q3 2024 financial results showing a 30.9% revenue increase to $13.7 million, driven by acquisitions of Timber Technologies and Big Lake Lumber. Despite revenue growth, the company recorded a net loss of $2.0 million ($0.61 per share) compared to $2.4 million loss in Q3 2023. Building Solutions division saw increased commercial activity with recent contract wins totaling $4.6 million. The company diversified its portfolio by investing in Enservco, marking entry into Energy Services and Transportation & Logistics sectors. Gross profit increased 27.9% to $2.8 million, while adjusted EBITDA showed a loss of $0.3 million.