L.S. Starrett Swings to Loss in 2Q [MarketWatch]
L.S. Starrett Company (The) (SCX)
US:NYSE Investor Relations:
starrett.com/about/investor-relations
Company Research
Source: MarketWatch
After the bell Friday, the maker of precision measuring tools, cutting tools and equipment reported a second-quarter loss per share of 5 cents on sales of $62.1 million. In the year-ago period, the company reported earnings per share of 42 cents on sales of $66.7 million. Advertisement L.S. Starrett said "currency neutral net sales of $60.7 million declined 9.2% compared to the second quarter of fiscal 2023." According to the company, it retired $5.7 million of debt in the second quarter, bringing debt to its lowest level in 10 years by the end of the quarter. President and Chief Executive Officer Douglas Starrett said the company continued to see profitable growth of its high precision granite measuring products and a stabilization of demand for its industrial products internationally. "This helped offset challenges in our North American industrial markets, particularly in the automotive sector, impacting both industrial distribution and capital equipment demand over the pas
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News
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
SCX
Sec Filings
- 4/29/24 - Form SC
- 4/12/24 - Form DEFM14A
- 4/5/24 - Form SC
- SCX's page on the SEC website