Star Equity Holdings Inc (NAS:STRR)

Q2 2026 Star Equity Holdings Inc Earnings Call Transcript

Aug 14, 2026 / 02:00 PM GMT

Release Date Price: $9.8 (-3.50%)

Transcript 10-Q8-K

Key Points

Positve

Star Equity Holdings Inc (STRR) achieved approximately $3 million in merger synergies, exceeding the initial projection of $2 million, with corporate costs down $1.5 million year-over-year.
Energy Services division delivered strong growth, with revenue up 19%, gross profit up 75%, and adjusted EBITDA up 126% year-over-year, driven by new client wins in geothermal and mining.
Building Solutions saw its highest quarterly order intake since Q2 2025, with new orders of $17.3 million and backlog increasing to $10.6 million from $8 million.
The company announced a merger with Hart-Hanks, expected to be accretive, with estimated $10 million in cost synergies and a pro forma adjusted EBITDA of approximately $30 million.
Star Equity Holdings Inc (STRR) continues to repurchase shares, believing its stock is undervalued, and has $1.6 million remaining on its authorization.

Negative

Business Services gross profit declined 4% year-over-year, and adjusted EBITDA fell to $1.6 million from $2.2 million, due to growth investments and pressure in the professional talent market.
Building Solutions performance was below expectations, with revenue down to $14.6 million from $20.4 million and adjusted EBITDA down to $0.5 million from $2.3 million, due to market softness and project timing.
New logo wins in Business Services were disappointing, with year-to-date annual contract value of only $2.1 million, well below expectations, as clients delay decisions amid uncertainty and AI concerns.
The Hart-Hanks acquisition target has experienced declining revenue and adjusted EBITDA over the past five years, with a 30% year-over-year drop in its Revenue Solutions segment.
The company faces a weak construction market, with a book-to-bill ratio of 0.77 and lower-than-normal factory capacity utilization, indicating continued softness in the near term.

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

STRR.OQ - Star Equity Holdings Inc
Q2 2026 Star Equity Holdings Inc Earnings Call
Aug 14, 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 Starr Equity Holdings Second 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 10K, 10Q, 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 otherwise.

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