L.S. Starrett Company (The) (SCX) financial statements (2022 and earlier)

Company profile

Business Address 121 CRESCENT ST
ATHOL, MA 01331
State of Incorp. MA
Fiscal Year End June 30
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:9,4379,10513,4588,9006002,00010,200
Cash and cash equivalents9,4379,10513,45815,58214,82714,60719,794
Other undisclosed cash, cash equivalents, and short-term investments   (6,682)(14,227)(12,607)(9,594)
Receivables34,53535,07629,01235,98033,08930,42534,367
Inventory, net of allowances, customer advances and progress billings63,87460,57252,98761,79058,03958,09756,321
Inventory63,87460,57252,98761,79058,03958,09756,321
Deferred tax assets   4,518
Other undisclosed current assets14,47314,4678,64113,30521,50019,60115,505
Total current assets:122,319119,220104,098119,975113,228110,123120,911
Noncurrent Assets
Operating lease, right-of-use asset5,7724,2984,465
Nontrade receivables   1,6661,8202,6272,655
Property, plant and equipment35,85135,99237,09036,67936,51439,34541,010
Long-term investments and receivables      2,200
Long-term investments      2,200
Intangible assets, net (including goodwill)5,7765,9036,01213,12813,98514,5369,524
Goodwill1,0151,0151,0154,6684,6684,6683,034
Intangible assets, net (excluding goodwill)4,7614,8884,9978,4609,3179,8686,490
Deferred income tax assets18,60119,07321,018
Other noncurrent assets     22,214
Other undisclosed noncurrent assets   18,63916,73926,03223,084
Total noncurrent assets:66,00065,26668,58570,11269,05882,54280,687
TOTAL ASSETS:188,319184,486172,683190,087182,286192,665201,598
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,42734,08021,39728,61522,53219,22520,275
Accounts payable15,10817,2297,57912,8819,8368,3668,981
Accrued liabilities9,1918,8118,8388,6997,5335,4246,372
Employee-related liabilities4,1288,0404,9807,0355,1635,4354,922
Debt21,96915,9594,5324,0653,65511,5141,543
Other undisclosed current liabilities1,4181,6501,905    
Total current liabilities:51,81451,68927,83432,68026,18730,73921,818
Noncurrent Liabilities
Long-term debt and lease obligation13,6728,74428,99617,54117,3076,09517,109
Long-term debt, excluding current maturities9,1586,01026,34117,54117,3076,09517,109
Operating lease, liability4,5142,7342,655
Liabilities, other than long-term debt37,64840,51869,87056,48750,92163,80571,158
Accounts payable and accrued liabilities2,8702,8662,5322,5872,7513,6453,813
Deferred tax liabilities, net   187
Liability, pension and other postretirement and postemployment benefits34,77837,65267,33853,90046,49958,57167,158
Other liabilities    1,6711,589 
Total noncurrent liabilities:51,32049,26298,86674,02868,22869,90088,267
Total liabilities:103,134100,951126,700106,70894,415100,639110,085
Stockholders' equity
Stockholders' equity attributable to parent, including:85,18583,53545,98383,37987,87192,02691,513
Additional paid in capital56,86956,50755,76255,27655,64155,57955,227
Accumulated other comprehensive loss(58,877)(54,262)(75,415)(59,281)(49,160)(49,985)(51,965)
Retained earnings79,94174,18158,64880,48774,36879,40281,228
Other undisclosed stockholders' equity attributable to parent7,2527,1096,9886,8977,0227,0307,023
Total stockholders' equity:85,18583,53545,98383,37987,87192,02691,513
TOTAL LIABILITIES AND EQUITY:188,319184,486172,683190,087182,286192,665201,598

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues239,012219,644201,451228,022216,328207,023209,685
Revenue, net 207,023209,685
Cost of revenue
(Cost of Goods and Services Sold)
(159,752)(146,302)(139,241)(153,081)(147,353)(145,073)(162,697)
Gross profit:79,26073,34262,21074,94168,97561,95046,988
Operating expenses(59,922)(56,776)(67,513)(63,720)(64,251)(62,994)(67,433)
Other undisclosed operating loss(2,474)      
Operating income (loss):16,86416,566(5,303)11,2214,724(1,044)(20,445)
Nonoperating income (expense)851860(14,694)(1,611)141(507)70
Investment income, nonoperating 3509071(538)(8)622
Foreign currency transaction gain (loss), before tax (1,151)140(426)(316)(86)(59)
Other nonoperating income 62016019532419081
Interest and debt expense (999)(975)(976)(845)(674)(669)
Other undisclosed loss from continuing operations before equity method investments, income taxes(999)      
Income (loss) from continuing operations before equity method investments, income taxes:16,71616,427(20,972)8,6344,020(2,225)(21,044)
Other undisclosed income from continuing operations before income taxes9999999759768453,763669
Income (loss) from continuing operations before income taxes:17,71517,426(19,997)9,6104,8651,538(20,375)
Income tax expense (benefit)(4,395)(1,893)(1,842)(3,531)(8,498)(545)6,245
Net income (loss):13,32015,533(21,839)6,079(3,633)993(14,130)
Other undisclosed net loss attributable to parent     (2) 
Net income (loss) available to common stockholders, diluted:13,32015,533(21,839)6,079(3,633)991(14,130)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):13,32015,533(21,839)6,079(3,633)993(14,130)
Other comprehensive loss (200)(16,900)(300)(100)(200) 
Other undisclosed comprehensive loss(200)      
Comprehensive income (loss):13,12015,333(38,739)5,779(3,733)793(14,130)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13,14921,353766(9,781)9252,178(6,349)
Comprehensive income (loss), net of tax, attributable to parent:26,26936,686(37,973)(4,002)(2,808)2,971(20,479)

Statements sources

The financial statements are based on the company's filings with the 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.

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