Price: $15.7600
$-0.02
-0.127%
|
Day's High:
| $15.78
| Week Perf:
| 0.00
|
Day's Low: |
$ 15.76 |
30 Day Perf: |
14.87 % |
Volume (M): |
91 |
52 Wk High: |
$ 15.90 |
Volume (M$): |
$ 1,439 |
52 Wk Avg: |
$11.06 |
Open: |
$15.78 |
52 Wk Low: |
$8.55 |
|
|
Market Capitalization (Millions $) |
118 |
Shares
Outstanding (Millions) |
8 |
Employees |
1,804 |
Revenues (TTM) (Millions $) |
251 |
Net Income (TTM) (Millions $) |
19 |
Cash Flow (TTM) (Millions $) |
-3 |
Capital Exp. (TTM) (Millions $) |
13 |
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’s tools and instruments are sold throughout North America
and in over 100 other countries. By far the largest consumer of these products
is the manufacturing industry including metalworking, aerospace, medical, and
automotive but other important consumers are marine and farm equipment shops,
do-it-yourselfers and tradesmen such as builders, carpenters, plumbers and electricians.
For 135 years the Company has been a recognized leader in providing measurement
and cutting solutions to industry. Measurement tools consist of precision instruments
such as micrometers, vernier calipers, height gages, depth gages, electronic
gages, dial indicators, steel rules, combination squares, custom, non-contact
and in-process gaging such as optical, vision and laser measurement systems.
The Company has expanded its product offering in the field of test and measurement
equipment, with force measurement and material test equipment. Skilled personnel,
superior products, manufacturing expertise, innovation and unmatched service
has earned the Company its reputation as the “Best in Class” provider
of measuring application solutions for industry. These systems we believe will
be attractive to industry to reduce measurement and inspection time and are
ideal for quality assurance, inspection labs, manufacturing and research facilities.
The Company’s saw product lines enjoy strong global brand recognition
and market share. These products encompass a breadth of uses. The Company introduced
several new products in the recent past including a new line of hand tools for
measuring, marking and layout that include tapes, levels, chalk lines and other
products for the building trades. The Company introduced a new line of drills,
knives and tool bags to broaden its hand tool product line. The continued focus
on high performance, production band saw applications has resulted in the development
of two new ADVANZ carbide tipped products MC5 and MC7 ideal for cutting ferrous
materials (MC7) and non-ferrous metals and castings (MC5). These actions are
aimed at positioning Starrett for global growth in wide band products for production
applications.
As one of the premier industrial brands, the Company continues to be focused
on every touch point with its customers. To that end, the Company now offers
modern, easy-to-use interfaces for distributors and end-users including interactive
catalogs and several online applications.
Company Address: 121 Crescent Street Athol 1331 MA
Company Phone Number: 249-3551 Stock Exchange / Ticker: NYSE SCX
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Stock Performances by Major Competitors |
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Contract
Published Mon, Mar 11 2024 11:00 AM UTC
In a strategic move to fuel its future growth and maximize shareholder value, The L.S. Starrett Company (Starrett) has entered into a definitive merger agreement with MiddleGround Capital (MiddleGround), an affiliate of the prominent private equity firm. The agreement, valued at $16.19 per share, reflects a remarkable 63% premium over Starrett's closing stock price on March ...
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Starrett L S Co
The L.S. Starrett Company (NYSE: SCX), a global manufacturer and marketer of precision measuring tools, experienced a challenging second quarter in 2024, resulting in dwindling revenue and higher losses. The company reported a loss of $-0.05 per share, compared to a bottom line of $0.25 per share in the previous reporting period. Revenue also saw a decline of -7.205% year on year, falling to $61.96 million from $60.54 million. One of the key factors contributing to the company's poor performance was the decrease in net income. In the second quarter of 2024, Starrett L S Co reported a net loss of $-0.394 million, compared to a net income of $3.131 million in the same period the previous year. This significant decline in net income is a cause for concern for investors and stakeholders.
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Starrett L S Co
Starrett L S Co, also known as The L.S. Starrett Company, is a prominent global innovator, manufacturer, and marketer of precision measuring tools, cutting tools and equipment, as well as high-end metrology solutions for industrial, professional, and consumer markets. Despite facing challenges in the most recent fiscal period, the company continues to strive for growth and improvement. In terms of revenue, Starrett L S Co experienced a modest improvement of 0.124% compared to the same quarter a year prior. However, this increase was insufficient to prevent a decline in income, which plummeted by 7.41% during the same period. Despite this setback, the company managed to generate revenue of $60.54 million, with earnings per share (EPS) reaching $0.25.
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Starrett L S Co
Starrett L S Co, a company in the Miscellaneous Manufacturing industry, faced challenges in the fourth quarter of the 2023 earnings season with weak revenue. However, despite this, the company managed to grow its earnings per share and significantly improved its net profit per share by 106.9% to $1.36 per share. Unfortunately, revenue declined by -5.418% to $66.58 million year on year. Comparatively, the rest of the Miscellaneous Manufacturing industry posted a revenue improvement of 0.14% from the fourth quarter of 2022 to the fourth quarter of 2023. Earnings also grew by 37.12% from the prior quarter to $0.99 per share, while revenue advanced by 7.941% to $61.68 million. Starrett L S Co's earnings in the fourth quarter of 2023 increased by 115.72% to $10.428 million from the previous year's fourth quarter earnings of $4.834 million.
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Starrett L S Co
Starrett L S Co is a Miscellaneous Manufacturing company that has been operating in the industry since 1880. With a rich history and decades of experience in the business, the company has established a reputation for producing high-quality precision tools for various purposes. In the third quarter of 2023, Starrett L S Co experienced a notable increase in earnings per share, with a surge of 73.68% to $0.99 per share. This is a significant improvement compared to the same financial reporting period a year ago, where the earnings per share only amounted to $0.42 per share. The net earnings of the company also showed an increase of 74.44%, with $7.473 million reported in the third quarter of 2023 earnings season.
|
Per Share |
Current |
Earnings (TTM) |
2.55 $ |
Revenues (TTM) |
33.43 $
|
Cash Flow (TTM) |
- |
Cash |
0.76 $
|
Book Value |
17.48 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
2.55 $
|
Revenues (TTM) |
33.43 $ |
Cash Flow (TTM) |
- |
Cash |
0.76 $
|
Book Value |
17.48 $ |
Dividend (TTM) |
0 $ |
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