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.

Starrett was founded in 1880 and is headquartered in Athol, US

Starrett has an office in Athol

Athol, US (HQ)

121 Crescent St

Starrett's revenue was reported to be $50.7 m in Q3, 2017

USD

## Revenue (Q3, 2017) | 50.7 m |

## Gross profit (Q3, 2017) | 14.5 m |

## Gross profit margin (Q3, 2017), % | 29% |

## Net income (Q3, 2017) | 1 m |

## EBIT (Q3, 2017) | (853 k) |

## Market capitalization (15-Aug-2017) | 51.2 m |

## Cash (31-Mar-2017) | 17.1 m |

Starrett's current market capitalization is $51.2 m.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 247.1 m | 241.6 m | 209.7 m |

## Revenue growth, % | (2%) | (13%) | |

## Cost of goods sold | 166 m | 164.9 m | 162.7 m |

## Gross profit | 81.1 m | 76.7 m | 47 m |

## Gross profit Margin, % | 33% | 32% | 22% |

## General and administrative expense | 69.2 m | 68.1 m | 63.3 m |

## Operating expense total | 69.2 m | 68.1 m | 63.3 m |

## EBIT | 11.9 m | 8.6 m | (20.4 m) |

## EBIT margin, % | 5% | 4% | (10%) |

## Pre tax profit | 12.1 m | 9.9 m | |

## Income tax expense | 5.3 m | 4.7 m | (6.2 m) |

## Net Income | 6.7 m | 5.2 m | (14.1 m) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 60.2 m | 63.8 m | 56.1 m | 51 b | 53.7 b | 50.3 m | 48.9 b | 53.2 m | 50.7 m |

## Cost of goods sold | 41 m | 41.7 m | 37.4 m | 35.2 b | 37.7 b | 35.6 m | 35 b | 36.4 m | 36.2 m |

## Gross profit | 19.1 m | 22.2 m | 18.7 m | 15.9 b | 16 b | 14.7 m | 13.9 b | 16.8 m | 14.5 m |

## Gross profit Margin, % | 32% | 35% | 33% | 31% | 30% | 29% | 28% | 32% | 29% |

## General and administrative expense | 18.1 m | 18.5 m | 15.6 m | 15.7 b | 14.8 b | 13.8 m | 15.4 b | 14.9 m | 15.3 m |

## Operating expense total | 18.1 m | 18.5 m | 15.6 m | 15.7 b | 14.8 b | 13.8 m | 15.4 b | 14.9 m | 15.3 m |

## EBIT | 1.1 m | 3.7 m | 3.1 m | 179 m | 1.2 b | 914 k | (1.9 b) | 1.8 m | (853 k) |

## EBIT margin, % | 2% | 6% | 6% | 0% | 2% | 2% | (4%) | 3% | (2%) |

## Pre tax profit | 1.7 m | 4.3 m | 3.5 m | 482 m | 992 m | 1.2 m | 1.5 b | 1.5 m | (1.2 m) |

## Income tax expense | 818 k | 1.9 m | 1.1 m | 660 m | 534 m | 602 k | 717 m | 454 k | (458 k) |

## Net Income | 923 k | 3.4 m | 5.8 m | (178 k) | 280 k | 877 k | 759 k | 1.8 m | 1 m |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 16.2 m | 11.1 m | 19.8 m |

## Accounts Receivable | 43.7 m | 40.3 m | 34.4 m |

## Inventories | 65.6 m | 63 m | 56.3 m |

## Current Assets | 147 m | 133.4 m | 120.9 m |

## PP&E | 51.5 m | 44.4 m | 41 m |

## Goodwill | 3 m | 3 m | 3 m |

## Total Assets | 239.2 m | 212.3 m | 201.6 m |

## Accounts Payable | 10 m | 9.5 m | 9 m |

## Total Debt | 17.1 m | ||

## Current Liabilities | 35.7 m | 23.6 m | 21.8 m |

## Total Liabilities | 110.1 m | ||

## Common Stock | 6.2 m | 6.2 m | 6.3 m |

## Additional Paid-in Capital | 54.1 m | 54.9 m | 55.2 m |

## Retained Earnings | 95.7 m | 98.2 m | 81.2 m |

## Total Equity | 114.4 m | 91.5 m | |

## Debt to Equity Ratio | 0.2 x | ||

## Debt to Assets Ratio | 0.1 x | ||

## Financial Leverage | 1.9 x | 2.2 x |

USD | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 12.9 m | 18.4 m | 22.2 m | 21.3 m | 16.7 m | 17.1 m |

## Accounts Receivable | 29.2 m | 31.2 m | 31.7 m | 27.4 m | 31.4 m | 28 m |

## Inventories | 60.1 m | 58.3 m | 57.7 m | 59 m | 58.2 m | 58.2 m |

## Current Assets | 120.8 m | 118.2 m | 121.8 m | 115.5 m | 113.6 m | 110.7 m |

## PP&E | 42.9 m | 42.9 m | 42.6 m | 40 m | 39.9 m | 40 m |

## Goodwill | 3 m | 3 m | 3 m | 3 m | 3 m | 5.7 m |

## Total Assets | 197.7 m | 195 m | 197.5 m | 198.9 m | 192.5 m | 191.4 m |

## Accounts Payable | 8.9 m | 8.1 m | 10.4 m | 8.5 m | 8.1 m | 8.3 m |

## Current Liabilities | 19.9 m | 19 m | 21.3 m | 20.2 m | 19.3 m | 19.3 m |

## Common Stock | 6.2 m | 6.2 m | 6.2 m | 6.3 m | 6.3 m | 6.3 m |

## Additional Paid-in Capital | 55 m | 55 m | 55 m | 55.4 m | 55.6 m | 55.7 m |

## Retained Earnings | 97.3 m | 97 m | 96.9 m | 81.3 m | 81.6 m | 80.2 m |

## Total Equity | 103.9 m | 103.8 m | 106.6 m | 90.9 m | 97 m | 97 m |

## Financial Leverage | 1.9 x | 1.9 x | 1.9 x | 2.2 x | 2 x | 2 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 6.7 m | 5.2 m | (14.1 m) |

## Depreciation and Amortization | 8.2 m | 7.4 m | 5.8 m |

## Accounts Receivable | (4.5 m) | (2.6 m) | 2.8 m |

## Inventories | (7.5 m) | (6.2 m) | 3.6 m |

## Accounts Payable | 13.6 m | 34.7 m | |

## Cash From Operating Activities | (3.5 m) | (5.1 m) | 8.7 m |

## Purchases of PP&E | (7.5 m) | ||

## Cash From Investing Activities | (8 m) | (5.5 m) | (619 k) |

## Dividends Paid | (2.8 m) | (2.8 m) | (2.8 m) |

## Cash From Financing Activities | (6.7 m) | (3.5 m) | (4.3 m) |

## Interest Paid | 813 k | 724 k | 654 k |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 923 k | 3.4 m | 5.8 m | (178 k) | 280 k | 877 k | 759 k | 1.8 m | 1 m |

## Depreciation and Amortization | 2 m | 4 m | 5.8 m | 1.6 m | 3.1 m | 4.4 m | 1.4 m | 2.7 m | 4 m |

## Accounts Receivable | 5.8 m | 5.9 m | 5.7 m | 6.8 m | 4.7 m | 4.7 m | 6.6 m | 1.8 m | 6.2 m |

## Inventories | (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) |

## Cash From Operating Activities | 4.8 m | 5.5 m | 6.4 m | 4.9 m | 6.2 m | 11.7 m | 491 k | (984 k) | 3 m |

## Purchases of PP&E | (1.6 m) | (2.8 m) | (4 m) | (2 m) | (3.6 m) | (4 m) | (889 k) | (2.4 m) | (3.5 m) |

## Cash From Investing Activities | (1.6 m) | (2.6 m) | (3.9 m) | (2.2 m) | 3.7 m | 3 m | 541 k | (2.2 m) | |

## Dividends Paid | (697 k) | (1.4 m) | (2.1 m) | (704 k) | (1.4 m) | (2.1 m) | (701 k) | (1.4 m) | (2.1 m) |

## Cash From Financing Activities | (100 k) | (1 m) | (2.1 m) | (544 k) | (2.2 m) | (3.3 m) | (1 m) | (2 m) | (3.1 m) |

## Interest Paid | 187 k | 363 k | 547 k | 163 k | 349 k | 487 k | 161 k | 302 k | 474 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 28.1 k |

## Financial Leverage | 2 x |