STARRETT L S CO (SCXLB) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
121 CRESCENT ST ATHOL, MA 01331 |
| State of Incorp. | MA |
| Fiscal Year End | June 30 |
| Industry (SIC) | 342 - Cutlery, Handtools, And General Hardware (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,684 | 12,529 | 10,454 | 8,595 | 8,957 | 11,902 | |||
| Cash and cash equivalent | 5,684 | 12,529 | 10,454 | 8,595 | 8,957 | 11,902 | |||
| Receivables | 34,826 | 34,506 | 36,611 | 36,267 | 38,151 | 38,062 | |||
| Inventory, net of allowances, customer advances and progress billings | 61,284 | 65,126 | 65,414 | 67,685 | 70,088 | 70,085 | |||
| Inventory | 61,284 | 65,126 | 65,414 | 67,685 | 70,088 | 70,085 | |||
| Prepaid expense | 1,272 | ||||||||
| Other undisclosed current assets | 10,950 | 9,859 | 8,451 | 10,073 | 9,727 | 10,142 | |||
| Total current assets: | 112,744 | 122,020 | 122,202 | 122,620 | 126,923 | 130,191 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,421 | 4,630 | 4,931 | 5,338 | 5,379 | 5,026 | |||
| Property, plant and equipment | 44,852 | 42,600 | 39,375 | 38,160 | 38,121 | 36,178 | |||
| Intangible assets, net (including goodwill) | 5,844 | 5,789 | 5,687 | 5,586 | 5,465 | 5,521 | |||
| Goodwill | 1,015 | 1,015 | 1,015 | 1,015 | 1,015 | 1,015 | |||
| Intangible assets, net (excluding goodwill) | 4,829 | 4,774 | 4,672 | 4,571 | 4,450 | 4,506 | |||
| Deferred income tax assets | 15,667 | 17,313 | 17,056 | 18,793 | 13,943 | 14,351 | |||
| Other noncurrent assets | 3,534 | 3,417 | 3,551 | 3,368 | 3,280 | 3,162 | |||
| Total noncurrent assets: | 74,318 | 73,749 | 70,600 | 71,245 | 66,188 | 64,238 | |||
| TOTAL ASSETS: | 187,062 | 195,769 | 192,802 | 193,865 | 193,111 | 194,429 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 25,649 | 28,233 | 26,626 | 24,773 | 23,352 | 37,895 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,900 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,818 | ||
| Accounts payable | 13,487 | 16,587 | 15,047 | 15,006 | 13,017 | 15,748 | |||
| Accrued liabilities | 12,162 | 11,646 | 11,579 | 9,767 | 10,335 | 10,429 | |||
| Debt | 4,403 | 5,270 | 4,961 | 5,264 | 5,259 | 5,384 | |||
| Other undisclosed current liabilities | 6,217 | 8,004 | 7,976 | 7,610 | 6,722 | (4,765) | |||
| Total current liabilities: | 36,269 | 41,507 | 39,563 | 37,647 | 35,333 | 38,514 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,103 | 7,944 | 5,273 | 9,991 | 20,313 | 27,784 | |||
| Long-term debt, excluding current maturities | 3,103 | 7,944 | 5,273 | 9,991 | 20,313 | 24,007 | |||
| Liabilities, other than long-term debt | 16,564 | 17,328 | 18,499 | 29,171 | 29,555 | 26,298 | |||
| Accounts payable and accrued liabilities | 2,899 | 2,859 | 2,884 | 2,850 | 2,974 | 2,839 | |||
| Liability, pension and other postretirement and postemployment benefits | 10,699 | 11,320 | 12,192 | 22,856 | 23,052 | 23,459 | |||
| Operating lease, liability | 2,966 | 3,149 | 3,423 | 3,465 | 3,529 | 3,777 | |||
| Total noncurrent liabilities: | 19,667 | 25,272 | 23,772 | 39,162 | 49,868 | 54,082 | |||
| Total liabilities: | 55,936 | 66,779 | 63,335 | 76,809 | 85,201 | 92,596 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 131,126 | 128,990 | 129,467 | 117,056 | 107,910 | 101,833 | |||
| Additional paid in capital | 58,050 | 57,813 | 57,825 | 57,627 | 57,454 | 57,247 | |||
| Accumulated other comprehensive loss | (48,102) | (50,374) | (47,935) | (49,716) | (51,217) | (53,897) | |||
| Retained earnings | 113,672 | 114,067 | 112,147 | 101,719 | 94,246 | 91,115 | |||
| Other undisclosed equity, attributable to parent | 7,506 | 7,484 | 7,430 | 7,426 | 7,427 | 7,368 | |||
| Total equity: | 131,126 | 128,990 | 129,467 | 117,056 | 107,910 | 101,833 | |||
| TOTAL LIABILITIES AND EQUITY: | 187,062 | 195,769 | 192,802 | 193,865 | 193,111 | 194,429 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 62,076 | 60,636 | 67,270 | 61,678 | 66,775 | 60,461 | ||
| Cost of revenue (Cost of Product and Service Sold) | (43,112) | (41,100) | (45,778) | (42,455) | (45,199) | (40,261) | ||
| Gross profit: | 18,964 | 19,536 | 21,492 | 19,223 | 21,576 | 20,200 | ||
| Operating expenses | (16,470) | (17,077) | (16,612) | (15,109) | (15,561) | (16,294) | ||
| Other undisclosed operating income (loss) | 244 | (54) | (190) | |||||
| Operating income: | 2,494 | 2,459 | 5,124 | 4,114 | 5,961 | 3,716 | ||
| Nonoperating income (expense) | (526) | (365) | 9,385 | (602) | (1,121) | (676) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,408) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 1,968 | 2,094 | 13,101 | 3,512 | 4,840 | 3,040 | ||
| Other undisclosed income from continuing operations before income taxes | 1,408 | |||||||
| Income from continuing operations before income taxes: | 1,968 | 2,094 | 14,509 | 3,512 | 4,840 | 3,040 | ||
| Income tax expense (benefit) | (2,362) | (174) | (4,081) | 3,961 | (1,709) | (984) | ||
| Income (loss) from continuing operations: | (394) | 1,920 | 10,428 | 7,473 | 3,131 | 2,056 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,056 | |
| Net income (loss) available to common stockholders, diluted: | (394) | 1,920 | 10,428 | 7,473 | 3,131 | 2,056 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (394) | 1,920 | 10,428 | 7,473 | 3,131 | 2,056 | ||
| Other undisclosed comprehensive loss | (8,700) | |||||||
| Comprehensive income (loss): | (394) | 1,920 | 1,728 | 7,473 | 3,131 | 2,056 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,272 | (2,439) | 10,481 | 1,501 | 2,680 | (2,831) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,878 | (519) | 12,209 | 8,974 | 5,811 | (775) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.