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
Website
CEO
Douglas Arthur Starrett
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
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
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Diluted EPS |
Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
41.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 26 |
Opened positions | 12 |
Closed positions | 1 |
Increased positions | 2 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 21.3M |
Total shares | 2.77M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
GBL Gamco Investors | 491.5K | $3.78M |
Renaissance Technologies | 429.44K | $3.3M |
MS Morgan Stanley | 374.12K | $2.88M |
Dimensional Fund Advisors | 346.3K | $2.66M |
Gabelli Funds | 342.4K | $2.63M |
Vanguard | 209.86K | $1.61M |
RBF Capital | 208.98K | $1.59M |
Bridgeway Capital Management | 87.31K | $671K |
TETAA Teton Advisors | 67.1K | $516K |
Minerva Advisors | 58.24K | $442K |
Financial report summary
?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
?Positive | ||
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
accommodate, accordion, affirmative, April, Asia, auditor, bring, closure, COVID, customary, default, diluted, eighteen, EPS, exam, flexibility, floating, fundamental, grid, HSBC, independent, Japan, Lender, logistical, machinery, mature, Minnesota, occurrence, Ohio, Overnight, Park, professional, refinancing, residual, resolution, SOFR, straight, terminate, trailing, Treasurer, uncommitted, uninsured, unpaid, USA, valid, Waite, Westlake
Removed:
accelerated, data, end, equity, expect, perfected, principle, quantitative, trading, York
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
29 Apr 22
8-K
Regulation FD Disclosure
6 Feb 22
8-K
Departure of Directors or Certain Officers
31 Jan 22
8-K
Submission of Matters to a Vote of Security Holders
18 Oct 21
8-K
Regulation FD Disclosure
2 Sep 21
8-K
Regulation FD Disclosure
9 Mar 21
8-K
Submission of Matters to a Vote of Security Holders
6 Nov 20
8-K/A
Other Events
30 Oct 20
8-K/A
Entry into a Material Definitive Agreement
30 Oct 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
2 Oct 20
Registration and prospectus
S-8
Registration of securities for employees
22 Dec 21
8-A12B/A
Registration of securities on exchange (amended)
2 Nov 20
S-8
Registration of securities for employees
15 Nov 17
S-8
Registration of securities for employees
13 Nov 12
8-A12B
Registration of securities on exchange
11 Nov 10
S-8
Registration of securities for employees
12 Nov 07
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 05
S-8
Registration of securities for employees
27 Mar 03
S-8
Registration of securities for employees
11 Nov 02
S-8
Registration of securities for employees
28 Oct 99
Other
UPLOAD
Letter from SEC
8 Jun 17
CORRESP
Correspondence with SEC
29 May 17
SD
Conflict minerals disclosure
23 May 17
UPLOAD
Letter from SEC
22 May 17
CORRESP
Correspondence with SEC
3 May 17
UPLOAD
Letter from SEC
24 Apr 17
SD
Conflict minerals disclosure
17 Jul 16
SD
Conflict minerals disclosure
28 May 15
UPLOAD
Letter from SEC
26 Jun 14
CORRESP
Correspondence with SEC
15 Jun 14
Ownership
4
STARRETT L S / DOUGLAS A STARRETT ownership change
27 May 22
4
STARRETT L S / Christian Arntsen ownership change
1 Apr 22
SC 13G/A
STARRETT L S / MORGAN STANLEY ownership change
11 Feb 22
SC 13G/A
STARRETT L S / RENAISSANCE TECHNOLOGIES ownership change
11 Feb 22
SC 13G/A
STARRETT L S / DIMENSIONAL FUND ADVISORS ownership change
8 Feb 22
4
STARRETT L S / Scott William Sproule ownership change
19 Nov 21
4
STARRETT L S / DEBORAH GORDON ownership change
19 Nov 21
4
STARRETT L S / THOMAS J RIORDAN ownership change
19 Nov 21
4
STARRETT L S / CHRISTOPHER C. GAHAGAN ownership change
19 Nov 21
4
STARRETT L S / Russell D. Carreker ownership change
19 Nov 21
Reddit threads
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - February 4th, 2022
4 Feb 22
Daily Discussion Thread - February 3rd, 2022
3 Feb 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
FIFO/LIFO inventories question
11 Dec 21
Daily Discussion Thread - September 3rd, 2021
3 Sep 21
Daily Discussion Thread - September 2nd, 2021
2 Sep 21
Daily Discussion Thread - September 1st, 2021
1 Sep 21