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Complete financial analysis of The L.S. Starrett Company (SCX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The L.S. Starrett Company, a leading company in the Manufacturing – Tools & Accessories industry within the Industrials sector.
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The L.S. Starrett Company (SCX)
About The L.S. Starrett Company
The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gauges, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products. It also provides measuring tools, such as micrometers, vernier calipers, height gages, depth gages, electronic gages, dial indicators, steel rules, and combination squares, as well as custom and non-contact gaging. In addition, the company offers hand tools for measuring, marking, and layout that include tapes, levels, chalk lines, and other products for building trades, and construction and retail trades. Further, it provides carbide tipped products for cutting ferrous materials, and non-ferrous metals and castings. The company primarily distributes its precision hand tools, and saw and construction products through distributors or resellers. It serves the metalworking, aerospace, medical, oil and gas, machinery, government, equipment, and automotive markets; marine and farm equipment shops, and do-it-yourselfers; and tradesmen, which comprise builders, carpenters, plumbers, and electricians. The L.S. Starrett Company was founded in 1880 and is headquartered in Athol, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 256.18M | 253.70M | 219.64M | 201.45M | 228.02M | 216.33M | 207.02M | 209.69M | 241.55M | 247.13M | 243.80M | 260.15M | 244.84M | 203.66M | 203.66M | 242.37M | 222.36M | 200.92M | 195.91M | 180.00M | 175.71M | 184.35M | 225.86M | 235.17M | 232.40M | 262.30M | 250.50M | 235.50M | 214.20M | 180.20M | 174.80M | 180.30M | 188.40M | 201.60M | 184.30M | 169.90M | 142.20M | 123.90M |
| Cost of Revenue | 173.69M | 169.46M | 146.30M | 139.24M | 153.08M | 147.35M | 145.07M | 162.70M | 164.86M | 166.04M | 171.99M | 182.07M | 163.04M | 142.66M | 144.12M | 166.13M | 156.53M | 154.23M | 142.16M | 136.70M | 137.04M | 139.41M | 160.56M | 157.27M | 149.80M | 165.90M | 160.20M | 151.90M | 140.80M | 120.80M | 116.80M | 118.50M | 122.90M | 124.90M | 115.20M | 103.40M | 84.80M | 73.30M |
| Gross Profit | 82.49M | 84.25M | 73.34M | 62.21M | 74.94M | 68.98M | 61.95M | 46.99M | 76.70M | 81.10M | 71.81M | 78.08M | 81.80M | 61.00M | 59.54M | 76.24M | 65.83M | 46.68M | 53.75M | 43.29M | 38.68M | 44.93M | 65.30M | 77.90M | 82.60M | 96.40M | 90.30M | 83.60M | 73.40M | 59.40M | 58.00M | 61.80M | 65.50M | 76.70M | 69.10M | 66.50M | 57.40M | 50.60M |
| Gross Profit Ratio | 32.20% | 33.21% | 33.39% | 30.88% | 32.87% | 31.88% | 29.92% | 22.41% | 31.75% | 32.81% | 29.46% | 30.01% | 33.41% | 29.95% | 29.24% | 31.46% | 29.60% | 23.23% | 27.43% | 24.05% | 22.01% | 24.37% | 28.91% | 33.13% | 35.54% | 36.75% | 36.05% | 35.50% | 34.27% | 32.96% | 33.18% | 34.28% | 34.77% | 38.05% | 37.49% | 39.14% | 40.37% | 40.84% |
| Research & Development | 3.70M | 3.50M | 3.00M | 3.80M | 3.70M | 3.60M | 1.90M | 1.80M | 1.70M | 1.40M | 1.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 59.62M | 59.16M | 53.12M | 59.44M | 63.72M | 59.15M | 56.81M | 58.32M | 62.39M | 63.68M | 67.09M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 3.70M | 3.10M | 3.20M | 3.60M | 5.00M | 5.10M | 5.20M | 5.00M | 5.70M | 5.50M | 6.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 63.32M | 62.26M | 56.32M | 59.44M | 63.72M | 64.25M | 62.01M | 63.32M | 68.09M | 69.18M | 73.09M | 79.93M | 70.75M | 62.14M | 59.90M | 62.71M | 55.60M | 52.39M | 50.97M | 47.91M | 46.75M | 45.95M | 52.22M | 49.79M | 49.40M | 53.40M | 51.90M | 49.60M | 43.50M | 37.80M | 36.50M | 36.00M | 37.90M | 37.20M | 33.30M | 31.90M | 26.60M | 22.70M |
| Other Expenses | 9.04M | -205.00K | -1.39M | -2.64M | -455.00K | 324.00K | 190.00K | 81.00K | -9.00K | 359.00K | 669.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.38M | 11.20M | 10.70M | 9.80M | 9.30M | 9.10M | 8.70M | 8.30M | 7.80M | 7.30M | 6.90M | 6.40M | 5.60M | 4.70M | 4.00M |
| Operating Expenses | 63.17M | 62.06M | 54.93M | 56.79M | 63.27M | 62.74M | 61.94M | 63.22M | 67.77M | 69.06M | 73.09M | 79.93M | 70.75M | 62.14M | 59.90M | 62.71M | 55.60M | 52.39M | 50.97M | 47.91M | 46.75M | 45.95M | 52.22M | 61.17M | 60.60M | 64.10M | 61.70M | 58.90M | 52.60M | 46.50M | 44.80M | 43.80M | 45.20M | 44.10M | 39.70M | 37.50M | 31.30M | 26.70M |
| Cost & Expenses | 236.86M | 231.51M | 201.23M | 196.03M | 216.35M | 210.09M | 207.01M | 225.92M | 232.62M | 235.09M | 245.08M | 262.00M | 233.79M | 204.80M | 204.02M | 228.84M | 212.13M | 206.62M | 193.14M | 184.61M | 183.79M | 185.36M | 212.79M | 218.44M | 210.40M | 230.00M | 221.90M | 210.80M | 193.40M | 167.30M | 161.60M | 162.30M | 168.10M | 169.00M | 154.90M | 140.90M | 116.10M | 100.00M |
| Interest Income | 510.00K | 504.00K | 350.00K | 90.00K | 71.00K | 128.00K | 399.00K | 504.00K | 828.00K | 951.00K | 786.00K | 916.00K | 1.50M | 334.00K | 716.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.41M | 1.27M | 999.00K | 975.00K | 976.00K | 845.00K | 674.00K | 669.00K | 713.00K | 800.00K | 968.00K | 712.00K | 257.00K | 484.00K | 844.00K | 0.00 | 1.38M | 1.21M | 0.00 | 540.00K | 0.00 | 434.00K | 1.64M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.10M | 1.40M | 3.10M | 2.90M | 4.10M | 5.90M | 4.30M | 1.70M | 300.00K |
| Depreciation & Amortization | 6.44M | 8.59M | 9.76M | -9.31M | 7.13M | 7.51M | 7.03M | 7.21M | 8.72M | 9.36M | 9.68M | 10.10M | 10.42M | 11.25M | 9.90M | 10.78M | 11.15M | 10.17M | 10.30M | 10.88M | 10.99M | 11.74M | 11.66M | 11.38M | 11.20M | 10.70M | 9.80M | 9.30M | 9.10M | 8.70M | 8.30M | 7.80M | 7.30M | 6.90M | 6.40M | 5.60M | 4.70M | 4.00M |
| EBITDA | 35.31M | 30.15M | 26.33M | -3.89M | 18.35M | 14.20M | 7.32M | -8.32M | 18.67M | 22.71M | 9.85M | 9.16M | 22.97M | 10.44M | 10.25M | 21.64M | 22.76M | 5.55M | 10.63M | 6.53M | 2.91M | 10.95M | 26.37M | 27.62M | 31.10M | 41.20M | 36.90M | 32.50M | 28.30M | 23.60M | 22.80M | 28.80M | 29.10M | 41.70M | 38.90M | 36.50M | 31.20M | 27.70M |
| EBITDA Ratio | 13.78% | 11.88% | 11.99% | -1.93% | 8.05% | 6.57% | 3.54% | -3.97% | 7.73% | 9.19% | 4.04% | 3.52% | 9.38% | 5.13% | 5.03% | 8.93% | 10.23% | 2.76% | 5.43% | 3.63% | 1.66% | 5.94% | 11.68% | 11.74% | 13.38% | 15.71% | 14.73% | 13.80% | 13.21% | 13.10% | 13.04% | 15.97% | 15.45% | 20.68% | 21.11% | 21.48% | 21.94% | 22.36% |
| Operating Income | 18.92M | 21.56M | 16.57M | 5.42M | 11.22M | 4.72M | -1.04M | -20.45M | 8.60M | 11.92M | -1.28M | -1.85M | 12.40M | -2.23M | -4.71M | 13.53M | 10.23M | -5.70M | 2.77M | -4.62M | -8.08M | -1.01M | 13.07M | 16.73M | 22.00M | 32.30M | 28.60M | 24.70M | 20.80M | 12.90M | 13.20M | 18.00M | 20.30M | 32.60M | 29.40M | 29.00M | 26.10M | 23.90M |
| Operating Income Ratio | 7.38% | 8.50% | 7.54% | 2.69% | 4.92% | 2.18% | -0.50% | -9.75% | 3.56% | 4.82% | -0.52% | -0.71% | 5.06% | -1.09% | -2.31% | 5.58% | 4.60% | -2.84% | 1.41% | -2.57% | -4.60% | -0.55% | 5.79% | 7.12% | 9.47% | 12.31% | 11.42% | 10.49% | 9.71% | 7.16% | 7.55% | 9.98% | 10.77% | 16.17% | 15.95% | 17.07% | 18.35% | 19.29% |
| Total Other Income/Expenses | 6.99M | -36.00K | 860.00K | -25.41M | -1.61M | 141.00K | 1.59M | -4.04M | 1.34M | 142.00K | 2.07M | 1.76M | 839.00K | 105.00K | -5.19M | 3.34M | -1.38M | -1.21M | 2.44M | -270.00K | 0.00 | -217.00K | -1.64M | 496.00K | 1.60M | 1.80M | 1.50M | 1.40M | 1.70M | -2.10M | -1.40M | -3.10M | -2.90M | -4.10M | -5.90M | -4.30M | -1.70M | -300.00K |
| Income Before Tax | 25.90M | 21.52M | 17.43M | -20.00M | 9.61M | 4.87M | 1.54M | -20.38M | 9.94M | 12.06M | 796.00K | 111.00K | 13.24M | -2.13M | -5.55M | 16.87M | 8.85M | -6.91M | 5.21M | -4.89M | -8.08M | -1.23M | 11.43M | 17.23M | 23.60M | 34.10M | 30.10M | 26.10M | 22.50M | 10.80M | 11.80M | 14.90M | 17.40M | 28.50M | 23.50M | 24.70M | 24.40M | 23.60M |
| Income Before Tax Ratio | 10.11% | 8.48% | 7.93% | -9.93% | 4.21% | 2.25% | 0.74% | -9.72% | 4.12% | 4.88% | 0.33% | 0.04% | 5.41% | -1.04% | -2.73% | 6.96% | 3.98% | -3.44% | 2.66% | -2.72% | -4.60% | -0.67% | 5.06% | 7.33% | 10.15% | 13.00% | 12.02% | 11.08% | 10.50% | 5.99% | 6.75% | 8.26% | 9.24% | 14.14% | 12.75% | 14.54% | 17.16% | 19.05% |
| Income Tax Expense | 2.81M | 6.64M | 1.89M | 1.84M | 3.53M | 8.50M | 547.00K | -6.25M | 4.70M | 5.35M | 958.00K | -777.00K | 6.39M | 858.00K | -2.33M | 6.04M | 2.20M | -3.13M | 1.18M | -2.54M | -3.59M | -849.00K | 3.34M | 5.74M | 6.90M | 11.10M | 10.20M | 8.80M | 9.00M | 1.80M | 3.10M | 4.40M | 5.30M | 9.70M | 7.10M | 8.90M | 10.00M | 10.90M |
| Net Income | 23.09M | 14.88M | 15.53M | -21.84M | 6.08M | -3.63M | 991.00K | -14.13M | 5.24M | 6.71M | -162.00K | 888.00K | 6.85M | -2.98M | -3.22M | 10.83M | 6.65M | -3.78M | 4.03M | -2.35M | -10.58M | -380.00K | 8.10M | 11.49M | 16.70M | 23.00M | 19.90M | 17.30M | 13.50M | 9.00M | 8.70M | 2.80M | 12.10M | 18.80M | 16.40M | 15.80M | 14.40M | 12.70M |
| Net Income Ratio | 9.01% | 5.86% | 7.07% | -10.84% | 2.67% | -1.68% | 0.48% | -6.74% | 2.17% | 2.72% | -0.07% | 0.34% | 2.80% | -1.46% | -1.58% | 4.47% | 2.99% | -1.88% | 2.06% | -1.31% | -6.02% | -0.21% | 3.59% | 4.89% | 7.19% | 8.77% | 7.94% | 7.35% | 6.30% | 4.99% | 4.98% | 1.55% | 6.42% | 9.33% | 8.90% | 9.30% | 10.13% | 10.25% |
| EPS | 3.12 | 2.06 | 2.20 | -3.14 | 0.87 | -0.52 | 0.14 | -2.01 | 0.75 | 0.97 | -0.02 | 0.13 | 1.02 | -0.45 | -0.49 | 1.64 | 1.00 | -0.57 | 0.60 | -0.41 | -1.60 | -0.06 | 1.26 | 1.73 | 2.44 | 3.34 | 2.84 | 2.45 | 1.91 | 1.28 | 1.25 | 0.40 | 1.74 | 2.71 | 2.36 | 2.29 | 2.06 | 1.77 |
| EPS Diluted | 3.06 | 2.00 | 2.11 | -3.14 | 0.87 | -0.52 | 0.14 | -2.01 | 0.75 | 0.97 | -0.02 | 0.13 | 1.02 | -0.45 | -0.49 | 1.64 | 1.00 | -0.57 | 0.60 | -0.35 | -1.60 | -0.06 | 1.25 | 1.73 | 2.44 | 3.33 | 2.84 | 2.45 | 1.91 | 1.28 | 1.25 | 0.40 | 1.74 | 2.71 | 2.36 | 2.29 | 2.06 | 1.77 |
| Weighted Avg Shares Out | 7.39M | 7.23M | 7.07M | 6.95M | 6.96M | 6.99M | 7.05M | 7.02M | 6.98M | 6.93M | 6.80M | 6.76M | 6.70M | 6.67M | 6.62M | 6.60M | 6.66M | 6.66M | 6.72M | 5.74M | 6.61M | 6.50M | 6.43M | 6.64M | 6.84M | 6.89M | 7.01M | 7.06M | 7.07M | 7.03M | 6.96M | 7.00M | 6.95M | 6.94M | 6.95M | 6.90M | 6.99M | 7.18M |
| Weighted Avg Shares Out (Dil) | 7.56M | 7.44M | 7.37M | 6.95M | 7.03M | 7.01M | 7.08M | 7.02M | 7.02M | 6.96M | 6.80M | 6.79M | 6.72M | 6.67M | 6.62M | 6.61M | 6.67M | 6.66M | 6.72M | 6.65M | 6.61M | 6.50M | 6.48M | 6.64M | 6.84M | 6.91M | 7.01M | 7.06M | 7.07M | 7.13M | 6.96M | 7.00M | 6.95M | 6.94M | 6.95M | 6.90M | 6.99M | 7.18M |
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