Q1 2026 Star Equity Holdings Inc Earnings Call Transcript

May 12, 2026 / 02:00 PM GMT

Release Date Price: $9.77 (+3.28%)

Transcript 10-Q8-K

Key Points

Positve

Revenue increased 57% year-over-year to $50.1 million, indicating strong growth.
Gross profit increased 25% to $20.6 million, reflecting improved profitability.
Energy Services Division delivered a strong quarter, gaining market share in key markets.
The company realized $2.6 million in merger synergies, exceeding initial expectations.
New business activity accelerated in Q1 2026, surpassing any quarter of 2025.

Negative

Adjusted EBITDA loss increased to $1.6 million from $0.7 million in the prior-year period.
Business Services division underperformed due to a challenging talent environment.
Building Solutions was impacted by delayed project awards and severe winter weather.
The book-to-bill ratio declined significantly to 0.72, reflecting project timing issues.
Operating cash flow was negative, with $1.4 million used during Q1.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STRR.OQ - Star Equity Holdings Inc
Q1 2026 Star Equity Holdings Inc Earnings Call
May 12, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, ladies and gentlemen, and welcome to STAR Equity Holdings' First Quarter 2026 Financial Results Conference Call.

Please be advised that the discussions on today's call may include forward-looking statements.

Such forward-looking statements involve certain risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements.

Please refer to STAR Equity's most recent 10-K, 10-Q, and other filings for a more complete description of risk factors that could affect these projections and assumptions.

The company assumes no obligation to update forward-looking statements as a result of new information, future events, or

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