Last $1.55 USD
Change Today -0.02 / -1.27%
Volume 105.7K
STRI On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

str holdings inc (STRI) Snapshot

Open
$1.56
Previous Close
$1.57
Day High
$1.58
Day Low
$1.55
52 Week High
05/21/13 - $3.43
52 Week Low
12/20/13 - $1.22
Market Cap
40.6M
Average Volume 10 Days
220.3K
EPS TTM
$-0.38
Shares Outstanding
26.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STR HOLDINGS INC (STRI)

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str holdings inc (STRI) Details

STR Holdings, Inc., together with its subsidiaries, designs, develops, manufactures, and sells encapsulants for solar module manufacturers worldwide. Its encapsulants protect the embedded semiconductor circuits of solar panels. The company’s products are used in crystalline silicon and thin-film solar modules. STR Holdings, Inc. was founded in 1944 and is headquartered in East Windsor, Connecticut.

200 Employees
Last Reported Date: 03/13/14
Founded in 1944

str holdings inc (STRI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $475.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $241.1K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $305.3K
Compensation as of Fiscal Year 2013.

str holdings inc (STRI) Key Developments

STR Holdings, Inc. Announces Board Changes

On March 18, 2014, the Board of Directors of STR Holdings, Inc. elected Bryant R. Riley to fill the vacancy on its Board resulting from the recent resignation by Susan C. Schnabel. Mr. Riley controls approximately 12.6 % of the shares outstanding as of March 14, 2014. Mr. Riley has agreed to serve on the Board until the next annual meeting of company stockholders scheduled for May 2014 (the 2014 Annual Meeting) without remuneration. There are (i) no arrangements or understandings between Mr. Riley and any other person pursuant to which Mr. Riley was elected to the board, and (ii) no transactions between Mr. Riley and the company that would require disclosure under Item 404(a) of Regulation S-K. On March 18, 2014, the Board approved the reduction of the size of its Board from eight members to six members effective as of the 2014 Annual Meeting. In addition, each of Scott S. Brown and Dominick J. Schiano informed the company that he decided not to stand for re-election to the board at the 2014 Annual Meeting. The decision by each of Messrs. Brown and Schiano to not stand for re-election did not involve a disagreement with the company on any matters relating to the company's operations, policies or practices. Messrs. Brown and Schiano will cease to be members of the Board following the election of directors at the 2014 annual meeting.

STR Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Announces Asset Impairment During the Fourth Quarter Ended December 31, 2013

STR Holdings, Inc. reported unaudited consolidated earnings results fourth quarter and full year ended December 31, 2013. For the quarter, net sales were $6.7 million compared to $16.05 million a year ago. Operating loss was $6.64 million compared to $184.33 million a year ago. Loss from continuing operations before income tax benefit was $6.65 million compared to $184.46 million a year ago. Net loss from continuing operations was $3.7 million, or $0.09 per diluted share. This compares to a net loss from continuing operations of $123.4 million, or $2.97 per diluted share, for the fourth quarter of 2012. Net loss was $3.65 million or $0.09 per basic and diluted share compared to $123.46 million or $2.97 per basic and diluted share a year ago. Non-GAAP net loss from continuing operations, which excludes certain tax-effected adjustments was $1.9 million, or $0.05 per diluted share. This compares to non-GAAP net loss from continuing operations of $3.7 million, or $0.09 per diluted share, for the fourth quarter of 2012. Adjusted LBITDA was $3.6 million compared to Adjusted LBITDA of $3.4 million for the fourth quarter of 2012. Net cash used in continuing operations was $4.29 million compared to net cash provided by continuing operations of $5.32 million a year ago. Total net cash used in operating activities was $4.29 million compared to total net cash provided by operating activities of $11.07 million a year ago. Capital expenditures were $79,000 compared to $200,000 a year ago. The sequential improvement in net loss was driven by additional tax benefit of $2.7 million and benefits from prior cost-reductions that more than offset $1.7 million of higher restructuring charges and a $0.2 million fixed asset impairment. The fourth quarter of 2012 included $172.9 million of non-cash long-lived asset impairments. For the full year, net sales were $31.86 million compared to $95.35 million a year ago. Operating loss was $25.24 million compared to $283.49 million a year ago. Loss from continuing operations before income tax benefit was $25.64 million compared to $277.84 million a year ago. Net loss from continuing operations was $18.29 million or $0.44 per basic and diluted share compared to $211.58 million or $5.12 per basic and diluted share a year ago. Net loss was $18.29 million or $0.44 per basic and diluted share compared to $207.35 million or $5.02 per basic and diluted share a year ago. Non-GAAP net loss from continuing operations was $13.82 million or $0.33 per diluted share compared to $1.90 million or $0.05 per diluted share a year ago. Adjusted LBITDA was $17.15 million compared to Adjusted EBITDA of $3.12 million a year ago. Net cash used in continuing operations was $22.79 million compared to net cash provided by continuing operations of $33.88 million a year ago. Total net cash used in operating activities was $21.96 million compared to total net cash provided by operating activities of $33.85 million a year ago. Capital expenditures was $2.24 million compared to $10.68 million a year ago. The company announced asset impairment of $194,000 compared to $37.43 million a year ago.

STR Holdings, Inc. Announces Susan C. Schnabel Resigns from Board of Directors

STR Holdings, Inc. announced that Susan C. Schnabel, Co-Head of DLJ Merchant Banking Partners (DLJMB), has tendered her resignation from the STR Board of Directors, effective March 10, 2014, following the sale of DLJMB's holdings of STR common stock in the Company's modified "Dutch auction" tender offer, which closed on March 7, 2014.

 

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Price/Earnings NM Not Meaningful
Price/Sales 2.1x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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