The L.S. Starrett Company was founded 1880 in Athol, MA, which is still the Company’s World Headquarters. The company employs about 2,000 people worldwide. Starrett, together with its subsidiaries, engages in the manufacture and sale of industrial, professional, and consumer products worldwide. The vast portfolio of over 5,000 products can be grouped in the categories of Precision Measuring Tools, Saws, Metrology Equipment, Precision Ground Stock, Granite, Job-site and shop tools. Starrett markets its products through distributors primarily to companies in the metalworking industry; and automotive, aviation, marine, and farm industries, as well as do-it-yourselfers and tradesmen, such as builders, carpenters, plumbers, and electricians.
Company profile
Ticker
SCX
Exchange
Website
CEO
Douglas Arthur Starrett
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Tru-Stone Technologies, Inc. • Starrett Kinemetric Engineering, Inc. • Starrett Bytewise Development, Inc. • Starrett Worldwide, Inc. • The L.S. Starrett Co. of Canada Limited • The L.S. Starrett Company Limited • Starrett Precision Optical Limited • Starrett GmbH • Starrett (Asia) Pte Ltd. • Starrett Industria E Commercio Ltda. ...
IRS number
41866480
SCX stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
2 Mar 23
8-K
The L.S. Starrett Company Announces Fiscal 2023 Second Quarter Results
3 Feb 23
10-Q
2022 Q2
Quarterly report
3 Feb 23
8-K
The L.S. Starrett Company Announces Fiscal 2023 First Quarter Results
3 Nov 22
10-Q
2023 Q1
Quarterly report
3 Nov 22
8-K/A
Submission of Matters to a Vote of Security Holders
21 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
21 Oct 22
DEFA14A
Additional proxy soliciting materials
29 Aug 22
DEF 14A
Definitive proxy
26 Aug 22
10-K
2022 FY
Annual report
25 Aug 22
Latest ownership filings
4
David T. Allen
9 Mar 23
4
John C. Tripp
9 Mar 23
4
John C. Tripp
23 Feb 23
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 23
SC 13G/A
MORGAN STANLEY
10 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
4
John C. Tripp
8 Nov 22
4
Charles Alpuche
4 Oct 22
4
CHRISTOPHER C. GAHAGAN
3 Oct 22
4
DEBORAH GORDON
3 Oct 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Diluted EPS |
| Annual (USD) | Jun 22 | Jun 21 | Jun 20 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 8.96 mm | 8.96 mm | 8.96 mm | 8.96 mm | 8.96 mm | 8.96 mm |
| Cash burn (monthly) | 981.67 k | 40.00 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 2.79 mm | 113.69 k | n/a | n/a | n/a | n/a |
| Cash remaining | 6.17 mm | 8.84 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 6.3 | 221.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
42.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 24 |
| Opened positions | 1 |
| Closed positions | 2 |
| Increased positions | 9 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 25.30 mm |
| Total shares | 2.87 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Gamco Investors | 488.95 k | $4.32 mm |
| Renaissance Technologies | 384.87 k | $3.40 mm |
| MS Morgan Stanley | 383.28 k | $3.38 mm |
| Dimensional Fund Advisors | 349.26 k | $3.08 mm |
| Gabelli Funds | 342.40 k | $3.02 mm |
| Vanguard | 209.86 k | $1.85 mm |
| RBF Capital | 208.98 k | $1.85 mm |
| SPLP Steel Partners | 125.23 k | $1.11 mm |
| Bridgeway Capital Management | 87.31 k | $771.00 k |
| Minerva Advisors | 73.24 k | $647.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Mar 23 | David T. Allen | Class A Common Stock | Sell | Dispose S | No | No | 12.23 | 3,000 | 36.69 k | 63,871 |
| 6 Mar 23 | Tripp John C. | Class A Common Stock | Sell | Dispose S | No | No | 11.97 | 9,981 | 119.47 k | 52,846 |
| 22 Feb 23 | Tripp John C. | Class A Common Stock | Sell | Dispose S | No | No | 10.0403 | 3,300 | 33.13 k | 62,827 |
| 7 Nov 22 | Tripp John C. | Class A Common Stock | Sell | Dispose S | No | No | 7.22 | 1,217 | 8.79 k | 66,127 |
| 7 Sep 22 | Starrett Douglas A | Class A Common Stock | Sell | Dispose S | No | No | 8.8 | 6,094 | 53.63 k | 142,406 |