Starrett

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.
Company Growth (employees)
Type
Public
HQ
Athol, US
Founded
1880
Size (employees)
1,804 (est)
Starrett was founded in 1880 and is headquartered in Athol, US

Starrett Office Locations

Starrett has an office in Athol
Athol, US (HQ)
121 Crescent St

Starrett Data and Metrics

Starrett Financial Metrics

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.
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

Gross profit Margin, %

33%32%22%

General and administrative expense

69.2 m68.1 m63.3 m

Operating expense total

69.2 m68.1 m63.3 m

EBIT

11.9 m8.6 m(20.4 m)

EBIT margin, %

5%4%(10%)

Pre tax profit

12.1 m9.9 m

Income tax expense

5.3 m4.7 m(6.2 m)

Net Income

6.7 m5.2 m(14.1 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

60.2 m63.8 m56.1 m51 b53.7 b50.3 m48.9 b53.2 m50.7 m

Cost of goods sold

41 m41.7 m37.4 m35.2 b37.7 b35.6 m35 b36.4 m36.2 m

Gross profit

19.1 m22.2 m18.7 m15.9 b16 b14.7 m13.9 b16.8 m14.5 m

Gross profit Margin, %

32%35%33%31%30%29%28%32%29%

General and administrative expense

18.1 m18.5 m15.6 m15.7 b14.8 b13.8 m15.4 b14.9 m15.3 m

Operating expense total

18.1 m18.5 m15.6 m15.7 b14.8 b13.8 m15.4 b14.9 m15.3 m

EBIT

1.1 m3.7 m3.1 m179 m1.2 b914 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 m4.3 m3.5 m482 m992 m1.2 m1.5 b1.5 m(1.2 m)

Income tax expense

818 k1.9 m1.1 m660 m534 m602 k717 m454 k(458 k)

Net Income

923 k3.4 m5.8 m(178 k)280 k877 k759 k1.8 m1 m
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

PP&E

51.5 m44.4 m41 m

Goodwill

3 m3 m3 m

Total Assets

239.2 m212.3 m201.6 m

Accounts Payable

10 m9.5 m9 m

Total Debt

17.1 m

Current Liabilities

35.7 m23.6 m21.8 m

Total Liabilities

110.1 m

Common Stock

6.2 m6.2 m6.3 m

Additional Paid-in Capital

54.1 m54.9 m55.2 m

Retained Earnings

95.7 m98.2 m81.2 m

Total Equity

114.4 m91.5 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.9 x2.2 x
USDQ1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

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

Accounts Receivable

29.2 m31.2 m31.7 m27.4 m31.4 m28 m

Inventories

60.1 m58.3 m57.7 m59 m58.2 m58.2 m

Current Assets

120.8 m118.2 m121.8 m115.5 m113.6 m110.7 m

PP&E

42.9 m42.9 m42.6 m40 m39.9 m40 m

Goodwill

3 m3 m3 m3 m3 m5.7 m

Total Assets

197.7 m195 m197.5 m198.9 m192.5 m191.4 m

Accounts Payable

8.9 m8.1 m10.4 m8.5 m8.1 m8.3 m

Current Liabilities

19.9 m19 m21.3 m20.2 m19.3 m19.3 m

Common Stock

6.2 m6.2 m6.2 m6.3 m6.3 m6.3 m

Additional Paid-in Capital

55 m55 m55 m55.4 m55.6 m55.7 m

Retained Earnings

97.3 m97 m96.9 m81.3 m81.6 m80.2 m

Total Equity

103.9 m103.8 m106.6 m90.9 m97 m97 m

Financial Leverage

1.9 x1.9 x1.9 x2.2 x2 x2 x
USDFY, 2014FY, 2015FY, 2016

Net Income

6.7 m5.2 m(14.1 m)

Depreciation and Amortization

8.2 m7.4 m5.8 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 m34.7 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 k724 k654 k
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

923 k3.4 m5.8 m(178 k)280 k877 k759 k1.8 m1 m

Depreciation and Amortization

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

Accounts Receivable

5.8 m5.9 m5.7 m6.8 m4.7 m4.7 m6.6 m1.8 m6.2 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 m5.5 m6.4 m4.9 m6.2 m11.7 m491 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 m3 m541 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 k363 k547 k163 k349 k487 k161 k302 k474 k
USDY, 2017

Revenue/Employee

28.1 k

Financial Leverage

2 x

Starrett Market Value History

Traffic Overview of Starrett

Starrett Online and Social Media Presence

Starrett Company Life and Culture

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