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Starrett

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    • Manufacturing & Industrialfabrication tools
    The L.S. Starrett Company was founded 1880 in Athol, MA, which is still the Company’s World Headquarters. Starrett has a history and reputation so rich and solid that the words “quality” and “Starrett” are virtually synonymous. The company employs about 2,000 people worldwide. Most precision tools continue to be manufactured in the Athol plant, where it is not uncommon to see devoted generations of toolmakers with 30 or more years of experience. 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.
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    Revenue(FY, 2016)
    $209.7 M
    Market capitalization(2018-06-22)
    $47 M
    Type
    Public
    HQ
    Athol, US
    Founded
    1880
    Size (employees)
    1,804 (est)
    Website
    starrett.com
    Starrett was founded in 1880 and is headquartered in Athol, US
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    Starrett Office Locations

    Starrett has an office in Athol
    Athol, US (HQ)
    121 Crescent St
    Show all (1)
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    Starrett Financials and Metrics

    Starrett Financials

    Starrett's revenue was reported to be $209.69 m in FY, 2016 which is a 13.2% decrease from the previous period.
    USD

    Revenue (Q3, 2018)

    		158.8 m

    Gross profit (Q3, 2018)

    		50.5 m

    Gross profit margin (Q3, 2018), %

    		31.8%

    Net income (Q3, 2018)

    		(4.5 m)

    EBIT (Q3, 2018)

    		3.1 m

    Market capitalization (22-Jun-2018)

    		47 m

    Closing share price (22-Jun-2018)

    		6.7

    Cash (31-Mar-2018)

    		15.4 m

    EV

    		54 m
    Starrett's current market capitalization is $47 m.
    Annual
    USDFY, 2014FY, 2015FY, 2016

    Revenue

    		247.1 m241.6 m209.7 m

    Revenue growth, %

    		(2%)(13%)

    Cost of goods sold

    		166 m164.9 m162.7 m

    Gross profit

    		81.1 m76.7 m47 m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Revenue

    		57.5 m61.8 m58.3 m60.2 m63.8 m56.1 m51 b53.7 b50.3 m48.9 b53.2 m50.7 m51.8 b103.9 m158.8 m

    Cost of goods sold

    		39.7 m41.5 m39 m41 m41.7 m37.4 m35.2 b37.7 b35.6 m35 b36.4 m36.2 m35.3 b71.5 m108.2 m

    Gross profit

    		17.8 m20.3 m19.3 m19.1 m22.2 m18.7 m15.9 b16 b14.7 m13.9 b16.8 m14.5 m16.5 b32.5 m50.5 m

    Gross profit Margin, %

    		31%33%33%32%35%33%31%30%29%28%32%29%32%31%32%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016

    Cash

    		16.2 m11.1 m19.8 m

    Accounts Receivable

    		43.7 m40.3 m34.4 m

    Inventories

    		65.6 m63 m56.3 m

    Current Assets

    		147 m133.4 m120.9 m
    Quarterly
    USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Cash

    		12.9 m18.4 m22.2 m21.3 m16.7 m17.1 m12.1 m15.1 m15.4 m

    Accounts Receivable

    		29.2 m31.2 m31.7 m27.4 m31.4 m28 m28.9 m29.3 m31.7 m

    Inventories

    		60.1 m58.3 m57.7 m59 m58.2 m58.2 m62.1 m61.8 m63.8 m

    Current Assets

    		120.8 m118.2 m121.8 m115.5 m113.6 m110.7 m111.7 m115.1 m118.5 m
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016

    Net Income

    		6.7 m5.2 m(14.1 m)

    Depreciation and Amortization

    		8.2 m7.4 m5.8 m

    Inventories

    		(7.5 m)(6.2 m)3.6 m

    Accounts Payable

    		13.6 m34.7 m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Net Income

    		216 k2 m3.7 m923 k3.4 m5.8 m(178 k)280 k877 k759 k1.8 m1 m426 k(6.1 m)(4.5 m)

    Depreciation and Amortization

    		2 m4.1 m6.1 m2 m4 m5.8 m1.6 m3.1 m4.4 m1.4 m2.7 m4 m1.4 m2.8 m5.7 m

    Inventories

    		(1.1 m)(4.2 m)(8.8 m)(3.5 m)(6.2 m)(10.6 m)(2.3 m)(661 k)1.4 m(3.2 m)(3.4 m)(2.2 m)(2.6 m)(3.2 m)(4.7 m)

    Cash From Operating Activities

    		5.2 m5.6 m8.1 m4.8 m5.5 m6.4 m4.9 m6.2 m11.7 m491 k(984 k)3 m856 k635 k1.6 m
    show all
    USDY, 2018

    EV/EBIT

    		17.4 x

    EV/CFO

    		32.9 x

    Financial Leverage

    		2.2 x
    Show all financial metrics
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    Competitors

    Keysight Technologies
    Manufacturing & Industrial - Public
    Ingersoll Cutting Tools
    Manufacturing & Industrial - Subsidiary
    Severfield
    Manufacturing & Industrial - Public
    Transcat
    Manufacturing & Industrial - Public
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    Starrett Online and Social Media Presence

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    Starrett News and Updates

    September 18, 2017

    Barrus celebrates its 100 year anniversary

    P. Barrus Ltd is pleased to announce that September 18, 2017 marks their official 100-year birthday. It all began in 1917 when Ernest Prouty Barrus set up a company in the UK to supply Starrett precision tools including micrometers and measuring equipment and distribute them throughout Europe. Over …
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