David Siegfried

David Sigfreedtof

Marc Riddick

Michael Mathison

- Star Equity Holdings (HSON) projects **revenue over $250 million**, adjusted EBITDA of at least **$15 million**, and earnings around **$1.50** for **2026**, with organic EBITDA growth expected to reach **$40 million** by the end of the decade.  **[0001210708_2192122_0]** 
- The company's growth strategy centers on **organic growth**, **selective acquisitions** of asset-light, B2B businesses in fragmented industries, and **effective capital allocation**.  **[0001210708_2192122_0]** 
- HSON finances acquisitions using **cash** (with **$27 million** on the balance sheet as of June 30), **debt**, and a **non-convertible preferred stock** (STRRP) that offers a **10% cash yield** and is used as a tax-efficient acquisition currency.  **[0001210708_2192122_0]** **[0001210708_2192122_3]** 
- The company has executed **$10 million** in share repurchases since 2020 and plans to monetize over **$20 million** in non-income-generating assets.  **[0001210708_2192122_0]** 
- Star Equity Holdings operates as a publicly traded private equity firm, centralizing public company costs to allow operating businesses to focus on growth.  **[0001210708_2192122_1]** **[0001210708_2192122_3]** **[0001210708_2192122_4]**

Star Equity Holdings Discusses Growth Strategy and Financial Outlook

- **HSON (Star)** projects **revenue over $250 million**, **adjusted EBITDA of at least $15 million**, and **earnings around $1.5** for **2026**, with organic growth expected to increase EBITDA to **$40 million by the end of the decade**.  **[0001210708_2192115_0]** 
- The company's strategy focuses on **organic growth**, **selective acquisitions** of private companies or public microcaps, and **effective capital allocation** including **share repurchases** and **asset monetization**.  **[0001210708_2192115_0]** 
- Acquisitions are funded through **$27 million in cash** as of June 30  **[0001210708_2192115_2]** , **undrawn credit lines**, and **non-convertible preferred stock** (ticker STRRP) which is presented as a tax-efficient and non-dilutive currency for sellers.  **[0001210708_2192115_0]** **[0001210708_2192115_2]** **[0001210708_2192115_3]** 
- HSON (Star) operates like a **publicly traded private equity firm**, seeking asset-light, B2B businesses in growing, fragmented industries with strong management teams, and has recently acquired three private businesses.  **[0001210708_2192115_0]** **[0001210708_2192115_1]** **[0001210708_2192115_2]**

Company not found (HSON)