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
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,4376,6279,10511,24714,55911,56113,458
Cash and cash equivalents9,4376,6279,10511,24714,55911,56113,458
Receivables34,53539,08735,07634,46734,37830,62929,012
Inventory, net of allowances, customer advances and progress billings63,87461,19860,57252,53651,02250,07652,987
Inventory63,87461,19860,57252,53651,02250,07652,987
Other undisclosed current assets14,47315,50514,46710,3559,3928,8948,641
Total current assets:122,319122,417119,220108,605109,351101,160104,098
Noncurrent Assets
Operating lease, right-of-use asset5,7726,4904,2984,1864,7824,2134,465
Property, plant and equipment35,85136,11535,99235,00136,11237,15637,090
Intangible assets, net (including goodwill)5,7765,8585,9035,9505,9455,9636,012
Goodwill1,0151,0151,0151,0151,0151,0151,015
Intangible assets, net (excluding goodwill)4,7614,8434,8884,9354,9304,9484,997
Deferred income tax assets18,60118,71719,07323,51323,84623,91421,018
Total noncurrent assets:66,00067,18065,26668,65070,68571,24668,585
TOTAL ASSETS:188,319189,597184,486177,255180,036172,406172,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,42732,52134,08025,49722,02722,35821,397
Accounts payable15,10817,31017,22912,08910,3569,4097,579
Accrued liabilities9,1919,4688,8117,7457,4928,2788,838
Employee-related liabilities4,1285,7438,0405,6634,1794,6714,980
Debt21,96921,99715,9596,8957,1305,6054,532
Other undisclosed current liabilities1,4181,7791,6501,2471,5911,6721,905
Total current liabilities:51,81456,29751,68933,63930,74829,63527,834
Noncurrent Liabilities
Long-term debt and lease obligation13,67210,3878,74421,55723,61223,87828,996
Long-term debt, excluding current maturities9,1585,5406,01018,53020,32921,22726,341
Operating lease, liability4,5144,8472,7343,0273,2832,6512,655
Liabilities, other than long-term debt37,64839,66540,51864,70967,59268,69169,870
Accounts payable and accrued liabilities2,8702,8262,8662,7612,8092,5782,532
Liability, pension and other postretirement and postemployment benefits34,77836,83937,65261,94864,78366,11367,338
Total noncurrent liabilities:51,32050,05249,26286,26691,20492,56998,866
Total liabilities:103,134106,349100,951119,905121,952122,204126,700
Stockholders' equity
Stockholders' equity attributable to parent, including:85,18583,24883,53557,35058,08450,20245,983
Additional paid in capital56,86956,54856,50756,32956,18456,11755,762
Accumulated other comprehensive loss(58,877)(57,939)(54,262)(75,721)(71,826)(75,673)(75,415)
Retained earnings79,94177,41374,18169,63866,62162,76458,648
Other undisclosed stockholders' equity attributable to parent7,2527,2267,1097,1047,1056,9946,988
Total stockholders' equity:85,18583,24883,53557,35058,08450,20245,983
TOTAL LIABILITIES AND EQUITY:188,319189,597184,486177,255180,036172,406172,683

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues61,31861,51461,23654,94454,05449,41142,475
Cost of revenue
(Cost of Goods and Services Sold)
(42,368)(41,369)(39,220)(36,795)(36,449)(33,839)(31,448)
Gross profit:18,95020,14522,01618,14917,60515,57211,027
Operating expenses(14,749)(16,012)(15,650)(13,511)(11,020)(13,391)(20,601)
Other undisclosed operating loss  (1,686)(788)(384)(346) 
Operating income (loss):4,2014,1334,6803,8506,2011,835(9,574)
Nonoperating income (expense)(662)226624663(426)(1)(13,861)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (999)   (975)
Income (loss) from continuing operations before equity method investments, income taxes:3,5394,3594,3054,5135,7751,834(24,410)
Other undisclosed income from continuing operations before income taxes  999   975
Income (loss) from continuing operations before income taxes:3,5394,3595,3044,5135,7751,834(23,435)
Income tax expense (benefit)(1,011)(1,127)(761)(1,496)(1,918)2,282(1,055)
Net income (loss) available to common stockholders, diluted:2,5283,2324,5433,0173,8574,116(24,490)

Comprehensive Income ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net income (loss):2,5283,2324,5433,0173,8574,116(24,490)
Other undisclosed comprehensive loss  (200)   (16,900)
Comprehensive income (loss):2,5283,2324,3433,0173,8574,116(41,390)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(938)(3,677)21,659(3,895)3,847(258)11,708
Comprehensive income (loss), net of tax, attributable to parent:1,590(445)26,002(878)7,7043,858(29,682)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: