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Steel Connect Inc   (NASDAQ: STCN)
Other Ticker:  
 
    Sector • Services    Industry • Professional Services
   Industry • Professional Services
   Sector • Services
 
Price: $12.1800 $-0.29 -2.326%
Day's High: $12.58 Week Perf: -2.09 %
Day's Low: $ 12.00 30 Day Perf: 23.03 %
Volume (M): 291 52 Wk High: $ 13.00
Volume (M$): $ 3,540 52 Wk Avg: $11.44
Open: $12.44 52 Wk Low: $8.55



 Market Capitalization (Millions $) 318
 Shares Outstanding (Millions) 26
 Employees 450
 Revenues (TTM) (Millions $) 183
 Net Income (TTM) (Millions $) 86
 Cash Flow (TTM) (Millions $) -113
 Capital Exp. (TTM) (Millions $) 3

Steel Connect Inc
Steel Connect Inc. is a global supply chain management company based in Waltham, Massachusetts. The company provides innovative solutions to clients across various industries including healthcare, technology, retail, and logistics. Steel Connect offers end-to-end supply chain solutions that encompass everything from sourcing of materials to delivery of finished products.

The company was founded in 2017 when ModusLink Global Solutions Inc. split into two separate companies - ModusLink Corporation and Steel Connect Inc. The latter focuses exclusively on supply chain management services and offers a range of solutions that help clients optimize their supply chain operations.

Steel Connect offers a range of solutions which include product engineering and development, supplier management, logistics and transportation, order fulfillment, and reverse logistics. These solutions are designed to help clients optimize their supply chain operations and reduce costs while improving efficiency and visibility.

In addition to its supply chain management solutions, Steel Connect has also invested in advanced technology to support its operations. The company has a proprietary cloud-based platform, Steelwedge, which helps clients manage their supply chain operations by providing real-time data and analytics. The platform enables Steel Connect to monitor and track the progress of client shipments, inventory levels, and delivery times, helping clients make better decisions and improve overall supply chain performance.

Steel Connect has a global presence with offices in the United States, the United Kingdom, and the Asia-Pacific region. The company has a diverse client base and partners with leading companies across industries such as healthcare, consumer electronics, and apparel.

In summary, Steel Connect is a leading global supply chain management company that helps clients optimize their supply chain operations through innovative solutions, advanced technology, and a global presence. With its end-to-end solutions and proprietary platform, Steel Connect is well-positioned to drive growth and provide value to its clients.


   Company Address: 590 Madison Avenue32nd Floor New York 10022 NY
   Company Phone Number: 461-1276   Stock Exchange / Ticker: NASDAQ STCN


   

Stock Performances by Major Competitors

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Steel Connect Inc

Steel Connect Inc. Sees Massive Growth in Earnings Due to $67.80 Million Tax Benefit

Steel Connect Inc, a professional services company, recently released its financial results for the most recent fiscal period. Despite a decline in revenue, the company managed to grow its earnings per share significantly. In comparison to the previous year, income per share soared by 572.56% to $2.51 per share, while revenue fell by -6.33% to $43.02 million.
While the drop in revenue is not ideal for Steel Connect Inc, it is important to note that the rest of the Professional Services industry experienced a revenue rise during the same period. On a positive note, the company's earnings per share grew rapidly from the prior quarter, increasing by 1294.44% from $0.18 per share. Additionally, revenue surged by 1.582% from $42.35 million.
Steel Connect Inc

Steel Connect Inc. Sees Positive Earnings and Improved Profit Margins in Second Quarter Financial Report

Steel Connect Inc. announced its financial results for the second quarter ended January 31, 2024, revealing positive earnings and improved net profit per share compared to the previous year. The company reported earnings of $0.18 per share, a significant improvement from the loss of $0.19 per share in the same period last year. Net profit per share also grew by 20% compared to the prior reporting period.
Although the company experienced a decrease in revenue by 15.411% to $42.35 million from $50.06 million in the comparable reporting period a year ago, there was a 4.625% sequential revenue growth from $40.48 million. In comparison, the overall Professional Services industry recorded a revenue rise in the second quarter of 2024.
Steel Connect Inc

Steel Connect Inc Faces Steep Decline in First Quarter of 2024, Sparking Concerns for Future Growth

Steel Connect, Inc. (NASDAQ: STCN) has recently released its financial results for the first quarter of the 2024 earnings season, and while there may be some areas of concern, there are also positive signs for the future.
During this period, the company experienced a revenue contraction of -21.047%, which resulted in a deterioration in earnings by -73.2%. The company posted earnings of $40.48 million in revenue, down from $51.27 million a year ago. Additionally, earnings per share (EPS) declined to $0.15 per share compared to $0.56 in the preceding year.
Steel Connect Inc

Professional Services Companies Show Consistent Performance in Fourth Quarter of 2023, Reflecting Stability in the Industry

Financial News Report:
Steel Connect Inc Reports Break-Even Results in Q4 2023, Lower Than Previous Year
Steel Connect Inc (NASDAQ: STCN) has reported its financial results for the fourth quarter of 2023, ending July 31. The company reported a break-even per share result, compared to $0.20 per share in the same quarter last year and $0.37 per share in the previous reporting period.
Despite the break-even result, the company's revenue remained unchanged at $0.00 million, which was the same as the comparable period a year ago. Sequentially, the revenue decreased from $45.92 million. These financials indicate a challenging quarter for Steel Connect Inc.
Steel Connect Inc

Steel Connect Inc Faces Catastrophic 92% Income Plunge, Threatening Its Future Amid Latest Fiscal Period



Steel Connect Inc, a company operating in the Professional Services sector, recently released its financial results for the most recent fiscal period. The figures indicate a sharp decline in income and revenue, and conflicting profitability trends. Additionally, inventory levels and accounts receivable have shown noteworthy changes. These results provide insights into the company's performance and its potential future challenges and opportunities.
Financial Results Analysis:
1. Income:
Steel Connect Inc experienced a significant decline in income, with a fall of 92% in earnings per share (EPS) to $0.04 per share compared to $0.50 per share in the previous year. However, EPS turned positive from a negative $0.02 per share in the prior quarter.






Steel Connect Inc's Segments
Supply chain management services    99.65 % of total Revenue
Other    5.49 % of total Revenue
Services transferred over time Transferred over time    100.5 % of total Revenue
Supply Chain Supply Chain    100.5 % of total Revenue
Mainland China    34.18 % of total Revenue
United States    21.27 % of total Revenue
Netherlands    13.31 % of total Revenue
Singapore    11.38 % of total Revenue
Czech Republic    9.13 % of total Revenue
Malaysia    5.74 % of total Revenue





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