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SCX L.S. Starrett

The L.S. Starrett Company was founded 1880 in Athol, MA, which is still the Company’s World Headquarters. The company employs about 2,000 people worldwide. Starrett, together with its subsidiaries, engages in the manufacture and sale of industrial, professional, and consumer products worldwide. The vast portfolio of over 5,000 products can be grouped in the categories of Precision Measuring Tools, Saws, Metrology Equipment, Precision Ground Stock, Granite, Job-site and shop tools. Starrett markets its products through distributors primarily to companies in the metalworking industry; and automotive, aviation, marine, and farm industries, as well as do-it-yourselfers and tradesmen, such as builders, carpenters, plumbers, and electricians.

Company profile

Ticker
SCX, SCXLB
Exchange
CEO
Douglas Arthur Starrett
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
41866480

SCX stock data

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Calendar

7 May 21
14 Jun 21
30 Jun 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.25M 11.25M 11.25M 11.25M 11.25M 11.25M
Cash burn (monthly) 1.1M (positive/no burn) (positive/no burn) 907.17K (positive/no burn) (positive/no burn)
Cash used (since last report) 2.73M n/a n/a 2.24M n/a n/a
Cash remaining 8.52M n/a n/a 9.01M n/a n/a
Runway (months of cash) 7.7 n/a n/a 9.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 21 Starrett Douglas A Section 16 Form 4 Buy Aquire P No No 6.46 500 3.23K 1,000
4 Dec 20 Riordan Thomas J Common Stock Buy Aquire P No No 4.26 8,134 34.65K 65,474
3 Dec 20 Riordan Thomas J The L.S. Starrett Class A Common Stock ("Common Stock") Buy Aquire P No No 4.13 10,000 41.3K 57,340
23 Oct 20 Deborah Gordon The L.S. Starrett Common Stock ("Common Stock") Grant Aquire A No No 0 7,340 0 7,340

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

44.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 25 24 +4.2%
Opened positions 2 1 +100.0%
Closed positions 1 2 -50.0%
Increased positions 8 6 +33.3%
Reduced positions 7 5 +40.0%
13F shares
Current Prev Q Change
Total value 18.33M 12.14M +51.0%
Total shares 2.84M 2.87M -1.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
GBL Gamco Investors 500.79K $3.23M +6.2%
Renaissance Technologies 495.12K $3.19M -4.9%
MS Morgan Stanley 366.94K $2.37M -6.3%
Dimensional Fund Advisors 364.45K $2.35M -0.2%
Gabelli Funds 345.42K $2.23M -14.4%
RBF Capital 225.42K $1.45M 0.0%
Vanguard 142.01K $916K 0.0%
Bridgeway Capital Management 82.91K $535K +25.8%
Qci Asset Management 74.8K $482K 0.0%
TETAA Teton Advisors 63.4K $409K +23.6%
Largest transactions
Shares Bought/sold Change
Gabelli Funds 345.42K -57.93K -14.4%
GBL Gamco Investors 500.79K +29.1K +6.2%
Renaissance Technologies 495.12K -25.61K -4.9%
MS Morgan Stanley 366.94K -24.8K -6.3%
Citadel Advisors 20.88K +20.88K NEW
Bridgeway Capital Management 82.91K +17K +25.8%
TETAA Teton Advisors 63.4K +12.1K +23.6%
NTRS Northern Trust 10.59K +10.59K NEW
Minerva Advisors 59.44K -4.59K -7.2%
BLK Blackrock 20.69K -3.93K -15.9%

Financial report summary

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Risks
  • UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Management Discussion
  • Use of Non- U.S. GAAP Financial Measures
  • In "Management's discussion and analysis on financial condition and results of operations" in this quarterly report on Form 10-Q, we discuss non-U.S. GAAP financial measures related to currency-neutral sales revenues, as well as adjusted operating income to adjust for restructuring costs and the gain on the sale of assets that are reflected in one period but not the other in order to show comparative operational performance.
  • We present these non-U.S. GAAP financial measures because we believe they assist investors in comparing our performance across reporting periods on a consistent basis by eliminating items that we do not believe are indicative of our core operating performance. Such non-U.S. GAAP financial measures assist investors in understanding the ongoing operating performance of the Company by presenting financial results between periods on a more comparable basis. Such measures should be considered in addition to, and not in lieu of, the financial measures calculated and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Currency-neutral sales are calculated using actual exchange rates in use during the comparative prior year period to enhance the visibility of the underlying business trends excluding the impact of translation arising from foreign currency exchange rate fluctuations. We include a reconciliation of adjusted operating income to its comparable U.S. GAAP financial measures.
Content analysis
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H.S. freshman Avg
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Removed: April, basic, deductibility, evaluation, exceeded, high, large, preserve, pretax, professional, receipt, recover, response, Revolving, share, submit, volume