Group 1: Dividend Announcement - Star Equity Holdings, Inc. declared a partial cash dividend of $0.225 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of August 21, 2025, and a payment date of September 10, 2025 [1][3] Group 2: Merger Agreement - On May 21, 2025, Star Equity Holdings entered into a Merger Agreement with Hudson Global, Inc., where Merger Sub will merge with Star, making Star a wholly owned subsidiary of Hudson [2] - Star stockholders will receive 0.23 shares of Hudson common stock for each share of Star common stock and one share of Hudson 10.0% Series A Cumulative Perpetual Preferred Stock for each share of Star Preferred Stock [2] Group 3: Company Overview - Star Equity Holdings, Inc. is a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [4] - The Building Solutions division includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5] - The Energy Services division focuses on the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [6] - The Investments division manages and finances the company's real estate assets and investment positions in private and public companies [7]

Core Viewpoint - Star Equity Holdings, Inc. has declared a cash dividend of $0.25 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of June 1, 2025, and a payment date of June 10, 2025 [1] Company Overview - Star Equity Holdings, Inc. is a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [2] Building Solutions Division - The Building Solutions division operates in three areas: 1. Modular building manufacturing 2. Structural wall panel and wood foundation manufacturing, including building supply distribution 3. Glue-laminated timber (glulam) column, beam, and truss manufacturing [3] Energy Services Division - The Energy Services division is involved in the rental, sale, and repair of downhole tools used across various industries, including oil and gas, geothermal, mining, and water-well [4] Investments Division - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [5]

Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 increased by 41.7% compared to Q1 2024, primarily due to the inclusion of revenues from Timber Technologies and Alliance Drilling Tools acquisitions [5] - Gross margin improved to 24.3% from 17.3% in the same quarter last year, attributed to higher revenues and the addition of Timber Technologies [5] - Net loss from continuing operations was $1,200,000 in Q1 2025, an improvement from a net loss of $2,200,000 in Q1 2024 [9] - Non-GAAP adjusted EBITDA from continuing operations was a loss of $800,000 in Q1 2025, compared to a loss of $1,100,000 in the same period last year [10] Business Line Data and Key Metrics Changes - Building Solutions segment revenues increased by 32.9% compared to Q1 2024, although it was below internal expectations due to delays in commercial projects [5] - The Building Solutions division backlog reached a record $27,900,000 at quarter end, up from $14,800,000 at the end of Q1 2024, indicating strong future demand [6] - The Energy Services division was established with the acquisition of Alliance Drilling Tools, and integration is proceeding smoothly [6] Market Data and Key Metrics Changes - The company noted a significant uptick in customer interest and activity over the past couple of quarters, indicating a positive market environment [6] - There were no signs of projects being put on hold due to tariff impacts, with a strong backlog supporting future growth [19] Company Strategy and Development Direction - The management team is focused on creating shareholder value through targeted business development initiatives and identifying additional accretive opportunities across all divisions [12] - The company is exploring organic growth opportunities within the Energy Services division and considering further acquisitions [6] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong backlog and ongoing projects, suggesting that the construction demand built up over time is now being realized [19] - The company is monitoring input costs, such as lumber prices, but does not foresee significant negative impacts on their operations [20] Other Important Information - Consolidated cash flow from operations for Q1 2025 was an inflow of $600,000, a significant improvement from an outflow of $2,400,000 in Q1 2024 [10] - The company's unrestricted cash balance at the end of Q1 2025 was $1,900,000, down from $4,000,000 at the end of 2024, primarily due to acquisition-related cash outflows [10] Q&A Session Summary Question: Inquiry about project delays due to tariffs - Management clarified that delays were specific to a large project at EdgeBuilder, which experienced a temporary pause but is expected to resume and recognize revenue in Q2 [16][17] Question: Signs of projects being put on hold - Management indicated that there are no signs of projects being put on hold, with a strong backlog supporting ongoing construction activities [19] Question: Gross profit margin changes in Alliance Drilling - Management explained that the gross profit margin fluctuations are a function of quarterly activity levels and reaffirmed the high-margin nature of the Alliance Drilling business [26][27] Question: Equipment rental revenue structure - Management described the rental terms as project-based, with high rental rates due to the nature of the equipment used in drilling operations [30]

Core Viewpoint - Star Equity Holdings, Inc. will release its financial results for Q1 2025 on May 14, 2025, before market opens, followed by a conference call to discuss results and management's outlook [1]. Company Overview - Star Equity Holdings, Inc. is a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [3]. Building Solutions Division - The Building Solutions division includes three businesses: modular building manufacturing, structural wall panel and wood foundation manufacturing (including building supply distribution), and glue-laminated timber (glulam) column, beam, and truss manufacturing [4]. Energy Services Division - The Energy Services division focuses on the rental, sale, and repair of downhole tools utilized in the oil and gas, geothermal, mining, and water-well industries [5]. Investments Division - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [6].