OverviewSuggest Edit

Starrett is a company that manufactures and sells industrial, professional, and consumer measuring and cutting tools. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, and various saws and blades. The company provides micrometers, vernier calipers, height and depth gages, electronic gages, dial indicators, steel rules, and combination squares, as well as custom, non-contact, and in-process gaging products. It also offers material test systems comprising the manual and automated field of view measurement systems, and hand tools for measuring, marking, and layout, as well as other products for building, construction, and retail trades.

TypePublic
Founded1880
HQAthol, MA, US
Websitestarrett.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Jun 2021)1,436(-3%)
Job Openings7
Revenue (FY, 2021)$219.6 M(+10%)
Share Price (Dec 2021)$9.3(-3%)
Cybersecurity ratingBMore
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Key People/Management at Starrett

Douglas Starrett

Douglas Starrett

CEO
John Tripp

John Tripp

CFO, Treasurer
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Starrett Office Locations

Starrett has offices in Athol, Columbus, Laguna Hills, Mount Airy and in 11 other locations
Athol, MA, US (HQ)
121 Crescent St
Columbus, GA, US
1245 Broadway
Laguna Hills, CA, US
26052 Merit Cir #103
Mount Airy, NC, US
1372 Boggs Dr
Waite Park, MN, US
1101 Prosper Dr
Westlake, OH, US
24500 Detroit Rd
Show all (16)

Starrett Financials and Metrics

Starrett Revenue

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Starrett's revenue was reported to be $219.64 m in FY, 2021 which is a 9% increase from the previous period.
USD

Revenue (Q1, 2022)

61.5m

Gross profit (Q1, 2022)

20.1m

Gross profit margin (Q1, 2022), %

32.7%

Net income (Q1, 2022)

3.2m

EBIT (Q1, 2022)

4.1m

Market capitalization (31-Dec-2021)

64.0m

Closing stock price (31-Dec-2021)

9.4

Cash (30-Sept-2021)

6.6m

EV

91.6m
Starrett's current market capitalization is $64 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

228.0m201.5m219.6m

Revenue growth, %

5%(12%)9%

Cost of goods sold

153.1m139.2m146.3m

Gross profit

74.9m62.2m73.3m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

51.9m56.5m58.5m52.1m56.9m50.0m49.4m54.1m54.9m61.5m

Cost of goods sold

35.4m38.1m39.5m34.4m38.2m35.2m33.8m36.4m36.8m41.4m

Gross profit

16.5m18.4m19.0m17.7m18.6m14.8m15.6m17.6m18.1m20.1m

Gross profit Margin, %

32%33%33%34%33%30%32%33%33%33%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

15.6m13.5m9.1m

Accounts Receivable

36.0m29.0m35.1m

Inventories

61.8m53.0m60.6m

Current Assets

120.0m104.1m119.2m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

6.1m(21.8m)15.5m

Depreciation and Amortization

7.3m7.2m6.3m

Inventories

(4.2m)1.6m(3.7m)

Cash From Operating Activities

8.4m(1.2m)4.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

584.0k2.5m4.6m778.0k2.0m2.7m4.1m8.0m11.0m3.2m

Depreciation and Amortization

1.8m3.7m5.5m1.8m3.5m5.3m1.7m3.3m4.8m1.6m

Inventories

(1.1m)(3.3m)(5.5m)(5.1m)(4.1m)(3.1m)3.2m4.6m1.4m(2.9m)

Cash From Operating Activities

905.0k2.8m4.7m(3.5m)(2.3m)(3.9m)3.7m2.4m2.7m(5.8m)
USDQ1, 2019

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

2.1 x
Show all financial metrics

Starrett Operating Metrics

Starrett's Backlog was reported to be $8.5m in FY, 2021.
FY, 2019FY, 2020FY, 2021

Backlog

$6.6 m$3.7 m$8.5 m

Countries

100100100

Plants

252525

Products

5 k5 k5 k
Show all operating metrics

Starrett Acquisitions / Subsidiaries

Company NameDateDeal Size
Bytewise DevelopmentNovember 23, 2011
Kinemetric EngineeringJuly 18, 2007$2.3 m
Tru-Stone TechnologiesAugust 18, 2006$19.8 m
Evans RuleJanuary 01, 1986
Webber GageJanuary 01, 1962
Starrett (Asia) Pte Ltd.
Starrett Bytewise Development, Inc.
Starrett GmbH
Starrett Industria E Commercio Ltda.
Starrett Kinemetric Engineering, Inc.
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Starrett Revenue Breakdown

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Starrett revenue breakdown by geographic segment: 54.5% from North America and 45.5% from International

Starrett Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Starrett Online and Social Media Presence

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Starrett Company Culture

  • CEO Rating

    F

    30/100

  • Compensation

    D

    55/100

Learn more on Comparably

Starrett News and Updates

Turbopower Announces Appointment of Scott Starrett to Board of Directors

OPA-LOCKA, Fla., Aug. 5, 2021 /PRNewswire/ -- Turbopower, a maintenance, repair and overhaul (MRO) service provider for gas turbine engines, auxiliary power units and component parts, announced today the appointment of Scott Starrett as its newest board member. "We are excited to welcome...

Fallon Health helps fund new Starrett Center for Emergency Care at Athol Hospital

Athol, Mass., June. 27, 2019 — Fallon Health, a nationally recognized not-for-profit health care services organization, and Athol Hospital, a non-profit, critical access hospital and acute care and outpatient facility serving the North Quabbin region, today announced the official opening of the Fall…

Micrometers Market to Set Phenomenal Growth by 2025| Mitutoyo, Starrett, Alpa Srl, Hexagon AB

HTF MI released a new market study on Global Micrometers Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The study covers important players Such as Mitutoyo, Starrett…

SME Education Foundation Partners to Provide Certification in Precision Measurement for High School Career Training

SOUTHFIELD, Mich., Aug. 2, 2018 /PRNewswire/ -- Taking part in the National Coalition of Certification Centers (NC3) recent Leadership Summit, the SME Education Foundation has announced a partnership with NC3, Snap-on Inc., and the L.S. Starrett Company to provide custom training in...

Hacksaw Blades Market: Players, Consumption & Forecast for Next 5 Years

The study of the Hacksaw Blades market by HTF MI provides the market size information and market trends along with factors and parameters impacting it in both short- and long-term. Posted via Industry Today. Follow us on Twitter @IndustryToday

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 …

Starrett Frequently Asked Questions

  • When was Starrett founded?

    Starrett was founded in 1880.

  • Who are Starrett key executives?

    Starrett's key executives are Douglas Starrett and John Tripp.

  • How many employees does Starrett have?

    Starrett has 1,436 employees.

  • What is Starrett revenue?

    Latest Starrett annual revenue is $219.6 m.

  • What is Starrett revenue per employee?

    Latest Starrett revenue per employee is $153 k.

  • Who are Starrett competitors?

    Competitors of Starrett include Transcat, Fluke and Snap-on.

  • Where is Starrett headquarters?

    Starrett headquarters is located at 121 Crescent St, Athol.

  • Where are Starrett offices?

    Starrett has offices in Athol, Columbus, Laguna Hills, Mount Airy and in 11 other locations.

  • How many offices does Starrett have?

    Starrett has 16 offices.