ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (“Starrett” or the “Company”) (NYSE: SCX) today announced that it has entered into a definitive merger agreement in a go-private transaction with an affiliate of MiddleGround Capital (“MiddleGround”) in an all-cash transaction for $16.19 per share. The purchase price represents an approximately 63% premium to the closing stock price of the Company’s stock on March 8, 2024, the last trading day prior to announcing the transaction. “We are pleased to reach this agreement with MiddleGround, which provides a meaningful premium cash value ...
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended December 31, 2023. Financial results include non-U.S. GAAP financial measures. These non-U.S. GAAP measures are more fully described and are reconciled from the respective measures determined under U.S. GAAP in the section titled “Use of Non-U.S. GAAP Financial M...
ATHOL, Mass.--(BUSINESS WIRE)-- (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended September 30, 2023. Financial results include non-U.S. GAAP financial measures. These non-U.S. GAAP measures are more fully described and are reconciled from the respective measures determined under U.S. GAAP in the section titled “Use of Non-U.S. GAAP Financial Measures” and the attached...
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the fiscal year ended June 30, 2023. Financial results include non-U.S. GAAP financial measures. These non-U.S. GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in the section titled “Use of Non-U.S. GAAP Finan...
ATHOL, Mass.--(BUSINESS WIRE)--At the Board of Directors’ meeting held on June 7, 2023, the directors of the L. S. Starrett company set the record date for those entitled to vote at the annual meeting of stockholders, to be held on October 18, 2023, as at the close of business on August 25, 2023.View source version on businesswire.com:
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended March 31, 2023. Financial results include non-U.S. GAAP financial measures. These non-U.S. GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in the section titled “Use of Non-U.S. GAAP Financia...
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended December 31, 2022. Fiscal 2023 Second Quarter Financial Highlights Net sales of $66.8 million increased 9% compared to the second quarter of the prior year. North American businesses continued to outperform the prior year with an increase in net sales...
ATHOL, Mass.--(BUSINESS WIRE)-- (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended September 30, 2022. Financial results include non-U.S. GAAP (defined below) financial measures. These non-U.S. GAAP financial measures are more fully described and are reconciled from the respective measures determined under U.S. GAAP in the section titled “Use of Non- U.S GAAP Financial M...
ATHOL, Mass.--(BUSINESS WIRE)-- (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the fiscal year ending June 30, 2022. Financial results include non-GAAP financial measures. These non-GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in the section titled “Use of Non-GAAP Financial Measures” and the attached tables. Fiscal 2022...
ATHOL, Mass.--(BUSINESS WIRE)-- (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced that Chuck Alpuche has been appointed to the Company’s Board of Directors, effective immediately. Mr. Alpuche has served as the Executive Vice President and Chief Operating Officer of Insulet Corporation since February 2019. Since 2016, he has served as Executive Vice President and Senior Vice President in several operational le...
ATHOL, Mass.--(BUSINESS WIRE)-- At the Board of Directors’ meeting held on June 1, 2022, the Directors of the L. S. Starrett Company set the record date for those entitled to vote at the annual meeting of stockholders, to be held on October 19, 2022, as at the close of business on August 22, 2022. View source version on businesswire.com:
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter and nine months ending March 31, 2022. Fiscal 2022 Third Quarter Financial Highlights Net sales of $60.5 million were up 10% compared to the third quarter of the prior year. All areas of the business continue to exceed pre-pandemic order intake, which excee...
The L.S. Starrett Company Announces new Credit Facilities and Global Banking Relationship with HSBC Bank ATHOL, Mass., April 29, 2022 (GLOBE NEWSWIRE) -- The L.S. Starrett (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced a new loan agreement with expanded credit facilities and a new global banking relationship with HSBC bank. The new agreement replaced the Company’s previous TD Bank credit facilities an...
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter and six months ending December 31, 2021. Fiscal 2022 Second Quarter Financial Highlights Net sales of $61.3 million were up 13% compared to the second quarter of the prior year. All areas of the business are exceeded pre-pandemic order intake levels, and ba...
ATHOL, Mass.--(BUSINESS WIRE)-- (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ending September 30, 2021. Sales and order intake exceed pre-pandemic levels. Sales and order intake trends, which had begun to rapidly improve in fiscal 2021, continued an upward trend through the first quarter of fiscal 2022. A full recovery to pre-pandemic order intake levels has now been ac...
ATHOL, Mass.--(BUSINESS WIRE)-- The L.S. Starrett Company (NYSE: SCX) (“Starrett” or “the Company,”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the fiscal year ended June 30, 2021. Sales and order intake return to pre-pandemic levels Sales and order intake trends began to improve in the second quarter of fiscal 2021, as international sales, particularly in Brazil, began to strengthen due to strength in the con...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
ATHOL, Mass.--(BUSINESS WIRE)-- At the Board of Directors’ meeting held on June 2, 2021, the Directors of The L. S. Starrett Company set the record date for those entitled to vote at the annual meeting of stockholders, to be held on October 13, 2021, as at the close of business on August 13, 2021. View source version on businesswire.com:
ATHOL, Mass.--(BUSINESS WIRE)-- (NYSE: SCX) (Starrett or the Company), a leading manufacturer of high-end precision tools, cutting equipment, and metrology systems for industrial, professional and consumer markets, today announced that on March 4, the NYSE notified the Company it has returned to compliance in relation to the NYSE’s quantitative continued listing standards. This decision comes as a result of the Company’s achievement of compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirements over the past two quarters. After being notified on October 1, ...
A director at Starrett(L.S.)Co bought 18,134 shares at 4.188USD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
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