Star Equity reports Q1 EPS (52c) vs (85c) last year

Reports Q1 revenue $12.924M vs $9.118M last year. “In the first quarter of 2025, consolidated revenues increased by 42% primarily due to inclusion of revenues from the acquisitions of Timber Technologies Solutions and Alliance Drilling Tools, in addition to improved results at KBS Builders,” commented Rick Coleman, Chief Executive Officer. “First quarter 2025 Building Solutions overall revenues increased compared to the same quarter last year, but were still below our expectations as certain commercial projects pushed into the second quarter and residential demand picked up later in the quarter than expected. Looking forward, our Building Solutions backlog, representing orders under contract, stood at a record $27.9 million at quarter end. Given these dynamics, we expect the division to show strong second quarter and full-year 2025 performance.”