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Starrett L S Co's Business Segments
Starrett L S Co's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2024
Reportable Segments
3
Largest Segment
International
Total Revenue
$ 61
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2024
- International39.3%
- North American36%
- Global Test and Measurement25%
Revenue by Reportable Segment - Q3 FY2024
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| International | $ 24 | 39.3% |
| North American | $ 22 | 36% |
| Global Test and Measurement | $ 15 | 25% |
Description of Starrett L S Co
Founded in 1880 by Laroy S. Starrett and incorporated in 1929, The L.S. Starrett
Company is engaged in the business of manufacturing over 5,000 different products
for industrial, professional and consumer markets. The Company has a long history
of global manufacturing experience and currently operates 5 major global manufacturing
plants. Domestic locations are Athol, Massachusetts (1880) and Mt. Airy, North
Carolina (1985) with international operations located in Itu, Brazil (1956) Jedburgh,
Scotland (1958) and Suzhou, China (1997). All subsidiaries principally serve the
global manufacturing industrial base with concentration in the metalworking, construction,
machinery, equipment, aerospace and automotive markets.
The Company offers its broad array of measuring and cutting products to the market through multiple channels of distribution throughout the world. The Company’s products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1® lubricant and precision ground flat stock. The Company primarily distributes its precision hand tools, saw and construction products through distributors or resellers both domestically and internationally. The Company’s financial reporting is based on one business segment. Starrett® is brand recognized around the world for precision, quality and innovation.
The Company offers its broad array of measuring and cutting products to the market through multiple channels of distribution throughout the world. The Company’s products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1® lubricant and precision ground flat stock. The Company primarily distributes its precision hand tools, saw and construction products through distributors or resellers both domestically and internationally. The Company’s financial reporting is based on one business segment. Starrett® is brand recognized around the world for precision, quality and innovation.
Starrett L.S. Co. commonly known as L.S. Starrett Company, is a well-established manufacturer recognized for its precision measuring tools, tools and dies, and other industrial equipment. Founded in 1880, the company has evolved over the decades and expanded its product offerings and international presence.
Segments, Products, and Services
1. Precision Measurement Tools
- Starrett offers a wide range of precision measurement tools that are crucial for various industries, including manufacturing, construction, and engineering. Key products in this category include:
- Calipers: Including dial calipers, digital calipers, and vernier calipers, designed for accurate internal and external measurements.
- Micrometers: Tools for precise measurements of small dimensions, offered in various types such as outside micrometers, inside micrometers, and depth micrometers.
- Tape Measures and Rules: Retractable and straight tape measures designed for durability and ease of use in construction and crafting.
2. Gauges and Checking Instruments
- This segment includes a plethora of gauges designed for quality control and inspection processes in manufacturing. Products typically include:
- Feeler Gauges: Used for measuring gaps or clearances between parts.
- Thickness Gauges: For measuring the thickness of various materials, from metals to plastics.
- Plumbing and Leveling Tools: Including levels and plumb bobs used in construction and carpentry.
3. Saws and Cutting Tools
- Starrett manufactures a comprehensive line of saws and cutting tools, suitable for a variety of applications:
- Band Saws: Industrial band saws, including vertical and horizontal variants, used in metal cutting.
- Hacksaws and Hand Saws: Traditional saw options for manual cutting, available in a variety of sizes and configurations.
4. Tooling Systems and Accessories
- The company provides tooling systems that assist in manufacturing processes, including:
- Drilling Systems: High-performance drill bits and systems for various drilling applications.
- Cutting Fluids and Accessories: Essential for machining operations, designed to improve cutting efficiency and tool life.
5. Industrial Equipment
- Starrett also offers various industrial equipment designed to meet the needs of manufacturing:
- Hardness Testers: For assessing material hardness in quality control processes.
- Workholding Devices: Products such as vises and clamps used to securely hold materials during machining.
6. Custom Solutions
- Recognizing the diverse needs of its clients, Starrett offers custom measuring solutions tailored to specific industries and requirements.
- This can include specialized gauges, bespoke tools, and custom fabrication services to meet unique project specifications.
International Operations
Starrett L.S. Co. has established an expansive international footprint, exporting its products to over 100 countries. The company has a network of subsidiaries, distributors, and partners that facilitate its global operations.
- Manufacturing Facilities: The company has facilities not only in the United States but also in countries such as Brazil and China. This international manufacturing capability enables Starrett to meet local market demands efficiently while maintaining high quality standards.
- Sales and Distribution: The global sales network is supported by a robust logistics infrastructure, ensuring timely delivery and support for customers around the world. The company maintains relationships with local distributors and partners who provide on-the-ground support and expertise.
- Market Presence: Starrett products are utilized in various sectors globally, including automotive, aerospace, construction, and machining. The companys ability to cater to diverse industry requirements is bolstered by its ongoing commitment to innovation and adaptation to local specifications and standards.
- Customer Support and Training: In various regions, Starrett emphasizes customer education and support, providing training on product usage and maintenance to maximize the value of its tools and equipment for users.
Conclusion
Starrett L.S. Co. continues to embrace its heritage of precision and quality while expanding its range of products and services to meet the evolving demands of global markets. Through its international operations, the company ensures that it can provide tailored solutions and high-quality tools that meet the diverse needs of industries worldwide. With a commitment to innovation and customer satisfaction, Starrett is poised to maintain its position as a leader in the precision tools sector.
Segments, Products, and Services
1. Precision Measurement Tools
- Starrett offers a wide range of precision measurement tools that are crucial for various industries, including manufacturing, construction, and engineering. Key products in this category include:
- Calipers: Including dial calipers, digital calipers, and vernier calipers, designed for accurate internal and external measurements.
- Micrometers: Tools for precise measurements of small dimensions, offered in various types such as outside micrometers, inside micrometers, and depth micrometers.
- Tape Measures and Rules: Retractable and straight tape measures designed for durability and ease of use in construction and crafting.
2. Gauges and Checking Instruments
- This segment includes a plethora of gauges designed for quality control and inspection processes in manufacturing. Products typically include:
- Feeler Gauges: Used for measuring gaps or clearances between parts.
- Thickness Gauges: For measuring the thickness of various materials, from metals to plastics.
- Plumbing and Leveling Tools: Including levels and plumb bobs used in construction and carpentry.
3. Saws and Cutting Tools
- Starrett manufactures a comprehensive line of saws and cutting tools, suitable for a variety of applications:
- Band Saws: Industrial band saws, including vertical and horizontal variants, used in metal cutting.
- Hacksaws and Hand Saws: Traditional saw options for manual cutting, available in a variety of sizes and configurations.
4. Tooling Systems and Accessories
- The company provides tooling systems that assist in manufacturing processes, including:
- Drilling Systems: High-performance drill bits and systems for various drilling applications.
- Cutting Fluids and Accessories: Essential for machining operations, designed to improve cutting efficiency and tool life.
5. Industrial Equipment
- Starrett also offers various industrial equipment designed to meet the needs of manufacturing:
- Hardness Testers: For assessing material hardness in quality control processes.
- Workholding Devices: Products such as vises and clamps used to securely hold materials during machining.
6. Custom Solutions
- Recognizing the diverse needs of its clients, Starrett offers custom measuring solutions tailored to specific industries and requirements.
- This can include specialized gauges, bespoke tools, and custom fabrication services to meet unique project specifications.
International Operations
Starrett L.S. Co. has established an expansive international footprint, exporting its products to over 100 countries. The company has a network of subsidiaries, distributors, and partners that facilitate its global operations.
- Manufacturing Facilities: The company has facilities not only in the United States but also in countries such as Brazil and China. This international manufacturing capability enables Starrett to meet local market demands efficiently while maintaining high quality standards.
- Sales and Distribution: The global sales network is supported by a robust logistics infrastructure, ensuring timely delivery and support for customers around the world. The company maintains relationships with local distributors and partners who provide on-the-ground support and expertise.
- Market Presence: Starrett products are utilized in various sectors globally, including automotive, aerospace, construction, and machining. The companys ability to cater to diverse industry requirements is bolstered by its ongoing commitment to innovation and adaptation to local specifications and standards.
- Customer Support and Training: In various regions, Starrett emphasizes customer education and support, providing training on product usage and maintenance to maximize the value of its tools and equipment for users.
Conclusion
Starrett L.S. Co. continues to embrace its heritage of precision and quality while expanding its range of products and services to meet the evolving demands of global markets. Through its international operations, the company ensures that it can provide tailored solutions and high-quality tools that meet the diverse needs of industries worldwide. With a commitment to innovation and customer satisfaction, Starrett is poised to maintain its position as a leader in the precision tools sector.