SCX on NYSE

The L. S. Starrett Company

Logo: L. S. Starrett Company, Public domain, via Wikimedia Commons4

American manufacturer of tools

The L. S. Starrett Company is an American manufacturer of tools and instruments used by machinists, tool and die makers, and the construction industry. It claims to produce 5,000 variations of precision tools, gauges, measuring instruments and saw blades as of 2025. The company was founded by businessman and inventor Laroy Sunderland Starrett in 1880.3 Its shares trade on NYSE under the symbol SCX.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$256.2MRevenue, fiscal 20235
$23.1MNet income, fiscal 20235
1880Founded1

Compare with EASTERN CO, Acme United Corporation or COMPX INTERNATIONAL INC, or pick any stock.

  • TickerSCX on NYSE1
  • IndustryCutlery, Handtools & General Hardware1
  • HeadquartersAthol1
  • Websitewww.starrett.com
  • Incorporated inMA6
  • Business address121 Crescent St, Athol, Ma 013316
  • Filer categoryNon-accelerated filer, Smaller reporting company6
Starrett Tools, Athol MA
Photo: John Phelan, CC BY 3.0, via Wikimedia Commons8

The L. S. Starrett Company is an American manufacturer of tools and instruments used by machinists, tool and die makers, and the construction industry. It claims to produce 5,000 variations of precision tools, gauges, measuring instruments and saw blades as of 2025.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

32.2%Gross margin5
7.4%Operating margin5
9.0%Net margin5
1.0%Revenue growth, 20235
17.8%Return on equity5
0.04×Debt to equity5
$18.3MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue65¢$173.7M
  • Research and development1¢$3.7M
  • Selling, general and admin24¢$63.3M
  • Interest1¢$1.4M
  • Income tax1¢$2.8M
  • Profit9¢$23.1M

Out of $256.2M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Capital spending27¢$6.8M
  • Share buybacks0¢$36.0K
  • Kept or used elsewhere73¢$18.3M

Out of $25.1M of cash from operations.5

Financial statements

Revenue9101112135$256.2M in 2023+22% since 2016
0$100.0M$200.0M$300.0M2016: $209.7M$209.7M20162017: $207.0M$207.0M2017−1%2018: $216.3M$216.3M2018+4%2019: $228.0M$228.0M2019+5%2020: $201.5M$201.5M2020−12%2021: $219.6M$219.6M2021+9%2022: $253.7M$253.7M2022+16%2023: $256.2M$256.2M2023+1%
Gross profit9101112135$82.5M in 2023+76% since 2016
0$25.0M$50.0M$75.0M$100.0M2016: $47.0M$47.0M20162017: $62.6M$62.6M2017+33%2018: $69.6M$69.6M2018+11%2019: $74.9M$74.9M2019+8%2020: $62.2M$62.2M2020−17%2021: $73.3M$73.3M2021+18%2022: $84.2M$84.2M2022+15%2023: $82.5M$82.5M2023−2%
Operating income9101112135$18.9M in 2023
-$40.0M-$20.0M0$20.0M$40.0M2016: -$20.4M-$20.4M20162017: -$147.0K-$147.0K2017−99%2018: $5.5M$5.5M20182019: $11.2M$11.2M2019+103%2020: -$5.3M-$5.3M20202021: $16.6M$16.6M20212022: $21.6M$21.6M2022+30%2023: $18.9M$18.9M2023−12%
Net income9101112135$23.1M in 2023
-$40.0M-$20.0M0$20.0M$40.0M2016: -$14.1M-$14.1M20162017: $991.0K$991.0K20172018: -$3.6M-$3.6M20182019: $6.1M$6.1M20192020: -$21.8M-$21.8M20202021: $15.5M$15.5M20212022: $14.9M$14.9M2022−4%2023: $23.1M$23.1M2023+55%
Fiscal year20162017201820192020202120222023
Revenue$209.7M9$207.0M10$216.3M11$228.0M12$201.5M13$219.6M13$253.7M5$256.2M5
Cost of revenue$162.7M9$144.4M10$146.8M11$153.1M12$139.2M13$146.3M13$169.5M5$173.7M5
Gross profit$47.0M9$62.6M10$69.6M11$74.9M12$62.2M13$73.3M13$84.2M5$82.5M5
Research and development$2.9M9$3.5M10$3.6M11$3.7M12$3.8M13$3.0M13$3.5M5$3.7M5
Selling, general and admin$63.3M9$61.8M10$64.0M11$63.7M12$59.4M13$56.3M13$62.3M5$63.3M5
Operating income-$20.4M9-$147.0K10$5.5M11$11.2M12-$5.3M13$16.6M13$21.6M5$18.9M5
Interest$669.0K9$674.0K10$845.0K11$976.0K12$975.0K13$999.0K13$1.3M5$1.4M5
Income before tax$21.5M5$25.9M5
Income tax-$6.2M9$547.0K10$8.5M11$3.5M12$1.8M13$1.9M13$6.6M5$2.8M5
Net income-$14.1M9$991.0K10-$3.6M11$6.1M12-$21.8M13$15.5M13$14.9M5$23.1M5
Earnings per share-$2.0117$0.149-$0.5210$0.8712-$3.1413$2.2013$2.065$3.125
Earnings per share (diluted)$0.8712-$3.1413$2.1113$2.005$3.065
Shares (weighted, basic)7.2M shares57.4M shares5
Shares (weighted, diluted)7.4M shares57.6M shares5

Compare The L. S. Starrett Company with another company

Corporate structure

The L. S. Starrett Company sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of The L. S. Starrett Company

  • RENAISSANCE TECHNOLOGIES LLC Filed SCHEDULE 13G/A on The L. S. Starrett Company, latest Nov 13, 2024 (4 filings since Feb 11, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on The L. S. Starrett Company, latest Oct 31, 2024 (4 filings since Feb 8, 2022)
  • Beryl Capital Management LLC Filed SC 13G on The L. S. Starrett Company, latest May 24, 2024
  • GAMCO Investors Filed SC 13D/A on The L. S. Starrett Company, latest May 24, 2024 (2 filings since Apr 29, 2024)
  • Morgan Stanley Filed SC 13G/A on The L. S. Starrett Company, latest Apr 5, 2024 (4 filings since Feb 11, 2022)
  • The L. S. Starrett Company Athol

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What The L. S. Starrett Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$4.1M5 Jun 30, 2023$2.3M5 Jun 30, 2022+78.3%
Property and equipment, before depreciation$149.9M5 Jun 30, 2023$140.9M5 Jun 30, 2022+6.4%
Accumulated depreciation$110.6M5 Jun 30, 2023$103.8M5 Jun 30, 2022+6.5%
Property and equipment, net$39.4M5 Jun 30, 2023$37.1M5 Jun 30, 2022+6.1%
Operating-lease assets (leased space)$4.9M5 Jun 30, 2023$5.5M5 Jun 30, 2022−11.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.5M5 Jun 30, 2023$14.5M5 Jun 30, 2022−28.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.0M5 Jun 30, 2023$1.0M5 Jun 30, 20220%
Finite-lived intangibles, gross$14.0M5 Jun 30, 2023$14.0M5 Jun 30, 2022−0.1%
Accumulated amortization$9.3M5 Jun 30, 2023$9.3M5 Jun 30, 2022−0.5%
Finite-lived intangibles, net$4.7M5 Jun 30, 2023$4.6M5 Jun 30, 2022+0.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$65.4M5 Jun 30, 2023$66.9M5 Jun 30, 2022−2.2%
Work in process$21.0M5 Jun 30, 2023$22.3M5 Jun 30, 2022−5.8%
Finished goods$34.4M5 Jun 30, 2023$35.6M5 Jun 30, 2022−3.3%

The story

Laroy S. Starrett invented and patented the first combination square in 1878. Two years later he founded the Starrett corporation in Athol, Massachusetts, as L.S. Starrett Company to produce it and other precision tools. In 1882, Starrett traveled to London and Paris to appoint sales representatives. In 1887, Starrett acquired further patents.

In 1890, L.S. Starrett patented an improved micrometer. During the same year Starrett began making and improving saw blades, and continues to be a major manufacturer as of 2015. In 1895 Starrett patented the divider with a trammel. In 1920, the company added its first gauge to the product line and quickly became the world's largest innovator and maker of precision calibrators.

During World War II Starrett increased its production 1941-1945 by 800% and won the Army-Navy "E" Award. At the same time, more than 400 employees went into the US armed forces. Starrett opened a factory in São Paulo, Brazil, in 1956, moved 100 km in the early 1970s to Itu.

In 1958, a plant was opened in Scotland, which currently makes products for the European and Asian markets. In 1962, Starrett acquired the Webber Gage Company, a maker of gauge blocks. In 1970, Starrett took over granite product maker Herman Stone Co., relocating production to a new plant in Mount Airy, North Carolina, in 1985 that also makes saws and measuring equipment.

In 1986, Starrett took over the Evans Rule Company, the world's largest tape measure manufacturer, and in 1990 the company bought Sigma Optical, a British manufacturer of optical profile projectors. In 1998, Starrett expanded into China, opening a new plant in Suzhou.

In 2002 allegations of fraud were made against Starrett over its RapidCheck Coordinate Measuring Machine. A Federal investigation found none and no charges filed.

In 2006, L.S. Starrett Co. purchased Tru-Stone Technologies Inc. in Waite Park, Minnesota, a maker of custom-engineered granite machine bases, for $19.8 million in cash.

In March 2024, with Douglas A Starrett as its President and CEO, L. S. Starrett Co. announced that it would be acquired by private equity firm MiddleGround Capital.

Read the full text

On June 5, 2024, L. S. Starrett Co. announced that it had completed a merger with an affiliate of MiddleGround and became a privately held company. This happens after it ceases to be publicly traded on the New York Stock Exchange from May 22 as NYSE:SCX.

From Wikipedia’s article on L. S. Starrett Company, shared under CC BY-SA 4.0.7

Leadership

Who has led The L. S. Starrett Company, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (20)

Timeline

  1. May 23, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer43
  2. May 21, 20248-K Shareholder vote44
  3. May 13, 20248-K Other events45
  4. May 10, 20248-K Other events46
  5. Mar 11, 20248-K Entered a material agreement; Executive or director change; Other events47
  6. Feb 16, 20248-K Results of operations48
  7. Jan 5, 20248-K Executive or director change49
  8. Nov 13, 20238-K Results of operations50
  9. Nov 13, 20238-K Shareholder vote51
  10. Nov 8, 20238-K Executive or director change52
  11. Sep 15, 20238-K Results of operations53
  12. Sep 15, 20238-K Results of operations54
  13. Aug 9, 2006New chief executive Douglas A. Starrett becomes CEO18
  14. Jan 2, 1990Went public Listed on NYSE1
  15. 1880Founded Founded1

Calendar

When it reported results

  1. Feb 16, 2024Reported quarterly or annual results48
  2. Nov 13, 2023Reported quarterly or annual results50
  3. Sep 15, 2023Reported quarterly or annual results53
  4. Sep 15, 2023Reported quarterly or annual results54
  5. May 8, 2023Reported quarterly or annual results55
  6. Feb 6, 2023Reported quarterly or annual results56
  7. Nov 3, 2022Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

124 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 22 major events, 56 insider forms, 15 large holders, 19 other. The latest 20:

  1. Nov 13, 2024SCHEDULE 13G/A EDGAR
  2. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  3. Jun 4, 202415-12G EDGAR
  4. May 24, 2024SC 13G EDGAR
  5. May 24, 2024SC 13D/A EDGAR
  6. May 23, 20244 EDGAR
  7. May 23, 20244 EDGAR
  8. May 23, 20244 EDGAR
  9. May 23, 20244 EDGAR
  10. May 23, 20244 EDGAR
  11. May 23, 20244 EDGAR
  12. May 23, 20244 EDGAR
  13. May 23, 20244 EDGAR
  14. May 23, 20244 EDGAR
  15. May 23, 2024S-8 POS EDGAR
  16. May 23, 2024S-8 POS EDGAR
  17. May 23, 2024S-8 POS EDGAR
  18. May 23, 2024S-8 POS EDGAR
  19. May 23, 2024S-8 POS EDGAR
  20. May 23, 20248-K EDGAR

The 124 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 0 buys and 21 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 10, 2023STARRETT DOUGLAS APresident & CEOSale4,615$10.45$48.2KForm 4
Oct 10, 2023Tripp John C.CFO & TreasurerSale2,757$10.51$29.0KForm 4
Oct 9, 2023Allen David T.VP, Global Test & MeasurementSale1,757$10.60$18.6KForm 4
Oct 9, 2023Leme EmersonVice President NA IndustrialSale2,071$10.58$21.9KForm 4
Mar 8, 2023Allen David T.VP, Global Test & MeasurementSale3,000$12.23$36.7KForm 4
Mar 6, 2023Tripp John C.CFO & TreasurerSale9,981$11.97$119.5KForm 4
Feb 22, 2023Tripp John C.CFO & TreasurerSale3,300$10.04$33.1KForm 4
Nov 7, 2022Tripp John C.CFO & TreasurerSale1,217$7.22$8.8KForm 4
Sep 21, 2022Tripp John C.CFO & TreasurerSale1,000$9.17$9.2KForm 4
Sep 7, 2022Leme EmersonVice President NA IndustrialSale2,837$8.65$24.5KForm 4
Sep 7, 2022Tripp John C.CFO & TreasurerSale3,610$8.65$31.2KForm 4
Sep 7, 2022STARRETT DOUGLAS APresident & CEOSale6,094$8.80$53.6KForm 4
Jun 27, 2022Leme EmersonVice President NA IndustrialSale6,941$7.00$48.6KForm 4
Jun 26, 2022Leme EmersonVice President NA IndustrialSale300$7.06$2.1KForm 4
Jun 24, 2022Leme EmersonVice President NA IndustrialSale3,800$6.93$26.3KForm 4
Jun 22, 2022Leme EmersonVice President NA IndustrialSale1,703$6.99$11.9KForm 4
Jun 21, 2022Leme EmersonVice President NA IndustrialSale500$6.96$3.5KForm 4
Jun 17, 2022Leme EmersonVice President NA IndustrialSale200$7.20$1.4KForm 4
Jun 17, 2022Leme EmersonVice President NA IndustrialSale200Form 4
Mar 21, 2022Arntsen ChristianVP InternationalSale1,000$7.32$7.3KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How The L. S. Starrett Company is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSTARRETT L S CO2
  • CIK0000093676
  • Employer ID (EIN)04-18664802
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inMassachusetts2
  • Fiscal year endsJune 302
  • Industry code (SIC)3420 Cutlery, Handtools & General Hardware2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address121 Crescent St, Athol, MA 013312
  • Mailing address121 Crescent Street, Athol, MA 013312
  • Phone978-249-35512
  • Public float$49.5M as of Dec 31, 20225
  • On EDGAR sinceFeb 7, 19942
  • Filings817 in all: 5 (175), 4 (174), 10-Q (92), 8-K (88), SC 13G/A (66), 10-K (30), DEF 14A (30), UPLOAD (22)2
    All 35 form types

    CORRESP (19), SC 13D/A (18), SC 13G (18), 3 (17), S-8 (10), 11-K (6), 8-K/A (6), S-8 POS (6), 10-Q/A (5), NT 10-K (5), DEFA14A (4), SD (4), 5/A (3), ARS (3), 10-K/A (2), 4/A (2), PRE 14A (2), 15-12G (1), 25-NSE (1), 8-A12B (1), 8-A12B/A (1), 8-A12G/A (1), DEFM14A (1), NT 10-Q (1), PREM14A (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Sep 15, 2023
    Quarterly report (10-Q) May 13, 2024
    Proxy statement (DEF 14A) Sep 29, 2023
    Latest 8-K (8-K) May 23, 2024

Sources

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