Earnings Call Summary | Star Equity(STRR.US) Q4 2023 Earnings Conference
Earnings Call Summary | Star Equity(STRR.US) Q4 2023 Earnings Conference
The following is a summary of the Star Equity Holdings, Inc. (STRR) Q4 2023 Earnings Call Transcript:
以下是 Star Equity Holdings, Inc. (STRR) 2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Star Equity reported a decline in Q4 2023 revenue compared to Q4 2022 but managed to improve their gross margin in construction from 21.6% to 26% for the full year.
SG&A decreased by $1 million or 23.8% compared to Q2 of 2022.
Net income from continuing operations in Q4 was $1.8 million, up from $0.9 million in Q4 of 2022.
Non-GAAP adjusted net income from continuing operations indicated a loss of $0.4 million in Q4, as opposed to an income of $0.5 million in Q4 of 2022.
Star Equity報告稱，與2022年第四季度相比，2023年第四季度的收入有所下降，但設法將全年建築業毛利率從21.6％提高到26％。
與2022年第二季度相比，銷售和收購減少了100萬美元，下降了23.8％。
第四季度持續經營業務的淨收入爲180萬美元，高於2022年第四季度的90萬美元。
非公認會計准則調整後的持續經營業務淨收入顯示，第四季度虧損40萬美元，而2022年第四季度的收入爲50萬美元。
Business Progress:
業務進展：
Despite credit tightening in H2 2023 causing some delays in commercial projects, strong residential activity born out of pent-up demand remains. The company's continued focus is on niche sectors like affordable housing, education buildings, and environmentally sustainable housing.
Star Equity successfully closed the accretive Big Lake Lumber acquisition in Q4 and integrated it with the Glenbrook operation. They are also well-equipped, financially, for business expansion, aligning their strategies around acquisition opportunities for sustainable growth.
They hold a strong belief in the sustained demand in targeted sectors and the potential growth found in factory-built construction in the U.S.
Even with lower revenue in 2023 compared to 2022, the company achieved and maintained its mid-20s gross margin target for the construction division.
儘管2023年下半年的信貸緊縮導致商業項目出現了一些延誤，但因需求被壓抑而產生的強勁住宅活動仍然存在。該公司繼續關注經濟適用房、教育建築和環境可持續住房等利基行業。
Star Equity在第四季度成功完成了對Big Lake Lumber的增值收購，並將其與格倫布魯克業務整合。他們的財務狀況也爲業務擴張做好了準備，並圍繞收購機會調整了戰略，以實現可持續增長。
他們堅信目標行業的持續需求以及美國工廠建造建築的潛在增長。
儘管與2022年相比，2023年的收入有所下降，但該公司仍實現並維持了建築部門20年代中期的毛利率目標。
More details: Star Equity IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。