Star Equity Holdings

Star Equity reported a mixed Q2 2026: the energy division saw revenue up 19%, gross profit up 75% and adjusted EBITDA up 126%, while Business Services had a slight revenue increase but falling adjusted EBITDA and Building Solutions showed sharp declines. Synergies from the Hudson merger amount to about $3 million, above target, and cash totaled $8.9 million at quarter end. Management is advancing the proposed acquisition of Harte Hanks, which is expected to create combined estimated revenue of about $400 million and cost synergies of $10 million. The stock barely moved, last trading at $1.25, reflecting investors weighing the strong energy results against weakness in the building division. » More on de.investing.com

Star Equity Holdings disclosed in an SEC filing that it approved changes to incentive compensation for 2025 and target metrics for 2026, including RSU and cash bonuses for CEO Jeffrey E. Eberwein, COO Richard K. Coleman Jr. and other executives. For 2026 it set higher targets for RSU and cash awards; payouts are tied to adjusted EBITDA, cost targets, investment performance and qualitative goals. The compensation committee also established a long-term incentive program for 2026–2028 linked to increases in adjusted book value. At the same time, the company reported a sale-and-leaseback transaction, a $2 million stock repurchase program and interest in a possible combination with GEE Group; the COO’s contract was extended. » More on de.investing.com

Star Equity Holdings reports the sale of the Alliance Drilling Tools property in Evanston, Wyoming, to Pasture Drive Holdings for $1.7 million and simultaneously entered into a 20-year triple-net lease guaranteed by Star Equity. ADT will pay an initial base rent of $12,390 per month plus all operating expenses; the lease can be extended for up to four additional five-year terms. The company also agreed to two further sale-leaseback transactions in Texas and Utah, which are expected to close. » More on de.investing.com