Thomas Riordan - LS Starrett Lead Independent Director

SCX Stock  USD 16.08  0.05  0.31%   

Director

Mr. Thomas J. Riordan is a Independent Director of the company since 2018. Mr. Riordan served as since 2011, President and CEO of Neenah Enterprises, Inc., a designer and manufacturer of castings and forgings. From 20072011, President and Chief Operating Officer of Terex Corporationrationration, a NYSElisted global construction company. From 19962007, Executive Vice President of SPX Corporationrationration, a NYSElisted multinational capital goods manufacturer. From 19791996 various management positions with four manufacturing companies. His experience will provide the company with a deep understanding of the key issues facing manufacturers in the 21st century as well as how to manage the regulatory requirements of a publicly traded company since 2020.
Age 64
Tenure 4 years
Professional MarksMBA
Address 121 Crescent Street, Athol, MA, United States, 01331-1915
Phone978 249 3551
Webhttps://www.starrett.com
Riordan holds BA and MBA in Business Administration degrees from Loyola University and Juris Doctor from Northern Illinois University.

LS Starrett Management Efficiency

The company has Return on Asset of 0.0792 % which means that on every $100 spent on assets, it made $0.0792 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1625 %, implying that it generated $0.1625 on every 100 dollars invested. LS Starrett's management efficiency ratios could be used to measure how well LS Starrett manages its routine affairs as well as how well it operates its assets and liabilities. At this time, LS Starrett's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to rise to 0.14 in 2024, whereas Return On Capital Employed is likely to drop 0.08 in 2024. At this time, LS Starrett's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 92.6 M in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 3 M in 2024.
The company has 15.35 M in debt with debt to equity (D/E) ratio of 0.36, which is OK given its current industry classification. LS Starrett has a current ratio of 3.17, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist LS Starrett until it has trouble settling it off, either with new capital or with free cash flow. So, LS Starrett's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like LS Starrett sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SCX to invest in growth at high rates of return. When we think about LS Starrett's use of debt, we should always consider it together with cash and equity.

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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. Starrett Company was founded in 1880 and is headquartered in Athol, Massachusetts. LS Starrett operates under Tools Accessories classification in the United States and is traded on New York Stock Exchange. It employs 1493 people. LS Starrett (SCX) is traded on New York Stock Exchange in USA. It is located in 121 Crescent Street, Athol, MA, United States, 01331-1915 and employs 1,529 people. LS Starrett is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

LS Starrett Leadership Team

Elected by the shareholders, the LS Starrett's board of directors comprises two types of representatives: LS Starrett inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SCX. The board's role is to monitor LS Starrett's management team and ensure that shareholders' interests are well served. LS Starrett's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LS Starrett's outside directors are responsible for providing unbiased perspectives on the board's policies.
Terry Piper, Independent Director
Thomas Riordan, Lead Independent Director
John Kober, Chief Financial Officer
John Tripp, Chief Financial Officer, Treasurer
Anthony Aspin, Vice President - Sales
Russell Carreker, Independent Director
Christopher Gahagan, Independent Director
Deborah Gordon, Independent Director
Christian Arntsen, Vice President - Industrial Products International
David Lemoine, Independent Director
Richard Kennedy, Independent Director
Douglas Starrett, Chairman, CEO and President and Member of Executive Committee
Scott Sproule, Independent Director
Emerson Leme, Vice President - Industrial Products North America

SCX Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is LS Starrett a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards LS Starrett in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, LS Starrett's short interest history, or implied volatility extrapolated from LS Starrett options trading.

Currently Active Assets on Macroaxis

When determining whether LS Starrett offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LS Starrett's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ls Starrett Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ls Starrett Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in LS Starrett. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy SCX Stock please use our How to Invest in LS Starrett guide.
Note that the LS Starrett information on this page should be used as a complementary analysis to other LS Starrett's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for SCX Stock analysis

When running LS Starrett's price analysis, check to measure LS Starrett's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LS Starrett is operating at the current time. Most of LS Starrett's value examination focuses on studying past and present price action to predict the probability of LS Starrett's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LS Starrett's price. Additionally, you may evaluate how the addition of LS Starrett to your portfolios can decrease your overall portfolio volatility.
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Is LS Starrett's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of LS Starrett. If investors know SCX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about LS Starrett listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Earnings Share
2.57
Revenue Per Share
33.787
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0792
The market value of LS Starrett is measured differently than its book value, which is the value of SCX that is recorded on the company's balance sheet. Investors also form their own opinion of LS Starrett's value that differs from its market value or its book value, called intrinsic value, which is LS Starrett's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because LS Starrett's market value can be influenced by many factors that don't directly affect LS Starrett's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between LS Starrett's value and its price as these two are different measures arrived at by different means. Investors typically determine if LS Starrett is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LS Starrett's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.