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L.S. Starrett (SCX)

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
Subsidiaries
Tru-Stone Technologies, Inc. • Starrett Kinemetric Engineering, Inc. • Starrett Bytewise Development, Inc. • Starrett Worldwide, Inc. • The L.S. Starrett Co. of Canada Limited • The L.S. Starrett Company Limited • Starrett Precision Optical Limited • Starrett GmbH • Starrett (Asia) Pte Ltd. • Starrett Industria E Commercio Ltda. ...
IRS number
41866480

SCX stock data

Calendar

9 May 22
26 Jun 22
30 Jun 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.02M 8.02M 8.02M 8.02M 8.02M 8.02M
Cash burn (monthly) 472.33K 268.92K (no burn) (no burn) (no burn) 78.67K
Cash used (since last report) 1.36M 773.31K n/a n/a n/a 226.22K
Cash remaining 6.66M 7.25M n/a n/a n/a 7.79M
Runway (months of cash) 14.1 26.9 n/a n/a n/a 99.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 22 Starrett Douglas A Class B Common Stock Grant Acquire A No No 2.74 1,000 2.74K 1,996
21 Mar 22 Arntsen Christian Class A Common Stock Sell Dispose S No No 7.32 1,000 7.32K 43,500
11 Nov 21 Starrett Douglas A Section 16 Form 4 Grant Acquire A No No 5.06 996 5.04K 55,250
13 Oct 21 Leme Emerson Section 16 Form 4 Grant Acquire A No No 11.35 5,000 56.75K 45,200
13 Oct 21 Tripp John C. Section 16 Form 4 Grant Acquire A No No 11.35 6,500 73.78K 49,500
13 Oct 21 Starrett Douglas A Section 16 Form 4 Grant Acquire A No No 11.35 11,000 124.85K 145,500
41.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 26 15 +73.3%
Opened positions 12 1 +1100.0%
Closed positions 1 10 -90.0%
Increased positions 2 3 -33.3%
Reduced positions 6 5 +20.0%
13F shares Current Prev Q Change
Total value 21.3M 21.13M +0.8%
Total shares 2.77M 2.26M +22.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
GBL Gamco Investors 491.5K $3.78M 0.0%
Renaissance Technologies 429.44K $3.3M -3.0%
MS Morgan Stanley 374.12K $2.88M -0.9%
Dimensional Fund Advisors 346.3K $2.66M -0.3%
Gabelli Funds 342.4K $2.63M 0.0%
Vanguard 209.86K $1.61M NEW
RBF Capital 208.98K $1.59M NEW
Bridgeway Capital Management 87.31K $671K NEW
TETAA Teton Advisors 67.1K $516K +3.2%
Minerva Advisors 58.24K $442K NEW
Largest transactions Shares Bought/sold Change
Vanguard 209.86K +209.86K NEW
RBF Capital 208.98K +208.98K NEW
EAM Investors 0 -100.05K EXIT
Bridgeway Capital Management 87.31K +87.31K NEW
Minerva Advisors 58.24K +58.24K NEW
RY Royal Bank Of Canada 21.4K +21.4K NEW
LPLA LPL Financial 15.03K +15.03K NEW
Renaissance Technologies 429.44K -13.48K -3.0%
Atria Wealth Solutions 11.1K +11.1K NEW
National Asset Management 10.5K +10.5K NEW

Financial report summary

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Risks
  • UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Management Discussion
  • In "Management's discussion and analysis on financial condition and results of operations" in this quarterly report on Form 10-Q, we discuss non- GAAP financial measures related to currency-neutral sales, as well as adjusted operating income.
  • We present these non- 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- 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 (“GAAP”). Currency-neutral numbers 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. Adjusted operating income adjusts for restructuring costs and the gain on the sale of assets in order to show comparative operational performance. We include a reconciliation of currency-neutral revenues and adjusted operating income to its comparable GAAP financial measures.
  • References to currency-neutral sales and adjusted operating income should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with GAAP and may not be comparable to similarly titled non- GAAP financial measures used by other companies. In evaluating these non-GAAP financial measures, investors should be aware that in the future we may incur expenses or be involved in transactions that are the same as or similar to some of the adjustments in this presentation. Our presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by any such adjustments. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Removed: accelerated, data, end, equity, expect, perfected, principle, quantitative, trading, York