Core Viewpoint - Star Equity Holdings, Inc. has announced preliminary key financial metrics for Q4 2024, indicating a strong performance compared to Q4 2023, driven by increased activity in the Building Solutions segment and the signing of two significant commercial contracts by its subsidiary KBS Builders, Inc. [1][2] Financial Metrics - For Q4 2024, Star expects to report revenues of approximately 14.1 million in Q4 2023 [2][5] - Gross profit for Q4 2024 is projected to be around 2.9 million in Q4 2023, reflecting improved margins [2][5] - Adjusted EBITDA from continuing operations is expected to be approximately 0.1 million in Q4 2023 [2][5] Business Developments - KBS Builders, Inc. has signed two large commercial contracts valued at 2.1 million for the construction of housing units in Maine, with manufacturing expected to begin in Q1 and Q2 of 2025 [2][5] - The company anticipates strong demand for new projects due to an ongoing housing shortage and increasing acceptance of modular construction methods [2][5] Company Overview - Star Equity Holdings, Inc. operates through three divisions: Building Solutions, Energy Services, and Investments [3] - The Building Solutions division includes modular building manufacturing, structural wall panel manufacturing, and glue-laminated timber manufacturing [4]
KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine