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Star Equity Holdings (STRR)
NASDAQ:STRR
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.38Last Year’s EPS
-0.85Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -11.76%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture. While there were significant revenue and gross profit increases in Q4 and a promising acquisition in Alliance Drilling Tools, the company faced challenges with a full-year gross profit decline, increased SG&A expenses, and a net loss from continuing operations. Additionally, there was increased debt and reduced cash flow. The sentiment is balanced with both positive developments and notable challenges.Company Guidance
During the Star Equity Holdings fourth quarter 2024 results conference call, the company provided a comprehensive overview of its financial performance and strategic initiatives. The call highlighted a 21.1% increase in revenue to $17.1 million for the fourth quarter, compared to $14.1 million in the same period of 2023. For the full year 2024, revenue rose by 16.5% to $53.4 million. The increase was largely driven by mergers and acquisitions, notably the acquisition of Timber Technologies and Big Lake Lumber. Fourth quarter gross profit soared by 55.3% to $4.5 million, and the company's backlog of committed projects and orders stood at $17.2 million at year-end, reflecting strong demand momentum continuing into 2025. The company also discussed its efforts to mitigate risks from tariffs on Canadian lumber and highlighted its strategic acquisition of Alliance Drilling Tools, which generated $10.5 million in revenue with a gross margin of 48% in 2024. Despite a fourth-quarter net loss from continuing operations of $2.5 million, adjustments led to an adjusted net income of $0.5 million or $0.15 per diluted share, showcasing resilience and strategic growth focus.Revenue Increase
In the fourth quarter of 2024, revenue increased by 21.1% to $17.1 million versus $14.1 million in the fourth quarter of 2023. For the full year 2024, revenue increased 16.5% to $53.4 million from $45.8 million in 2023.
Gross Profit Growth in Q4
Fourth quarter 2024 gross profit increased 55.3% to $4.5 million versus $2.9 million in Q4 2023, driven by the inclusion of gross profit from Timber Technologies.
Positive Momentum in Building Solutions
Momentum shifted in the second half of 2024, with several large projects receiving approvals and production starting. The signed backlog stood at $17.2 million at year-end, indicating building demand.
Alliance Drilling Tools Acquisition
The acquisition of Alliance Drilling Tools established a new Energy Services division, expected to contribute significantly to consolidated results with revenue of approximately $10.5 million and gross margin of 48%.
Improved Non-GAAP Adjusted EBITDA
Non-GAAP adjusted EBITDA from continuing operations increased to $1.1 million in Q4 from a negative $0.1 million in Q4 of 2023.
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STRR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STRR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $2.21 | $2.28 | +3.17% |
| Nov 19, 2024 | $3.08 | $3.05 | -0.97% |
| Aug 13, 2024 | $4.13 | $4.02 | -2.66% |
| May 20, 2024 | $4.40 | $4.54 | +3.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Star Equity Holdings (STRR) report earnings?
Star Equity Holdings (STRR) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Star Equity Holdings (STRR) earnings time?
Star Equity Holdings (STRR) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRR EPS forecast?
STRR EPS forecast for the fiscal quarter 2025 (Q1) is -0.38.
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