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STARRETT L S CO

starrett.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed May 13, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Nov 13, 2024.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Manufactures measuring tools, saw blades and metrology equipment for manufacturers, tradespeople and consumers.

Who Were Their Customers?

Manufacturers are the main buyers, alongside equipment shops, do-it-yourselfers and tradespeople. The company sells precision hand tools, saws and construction products mainly through distributors and resellers.

How Were They Changing?

Since the FY2023 annual report
Latest quarter: Q3 FY2024, the three months to Mar 31, 2024
Revenue
▼ −1%
vs $61.7M in Q3 FY2023
Net income
▼ −91%
vs $7.5M in Q3 FY2023
  • May 23, 2024 Starrett completed its merger Issued shares were converted into the right to receive cash, and the shares were cancelled.
  • Mar 11, 2024 Starrett agreed to merge with an affiliate of MiddleGround Capital The agreement set cash consideration of $16.19 per share, subject to shareholder approval and other conditions.

Broader product range The newer report lists coated abrasives, utility knives and Starrett S-Cut cutting fluid, and says food-industry products are sold online; the older report already described food products and e-commerce channels.

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