Star Equity Holdings, Inc. (NASDAQ:STRR) Q2 2024 Earnings Conference Call August 13, 2024 10:00 AM ET

Company Participants

Rick Coleman - CEO
David Noble - CFO
Jeff Eberwein - Executive Chairman

Conference Call Participants

Tate Sullivan - Maxim Group
Theodore O'Neill - Litchfield Hills Research

Operator

Greetings, ladies and gentlemen, and welcome to Star Equity Holdings' Second Quarter 2024 Results Conference Call.

Please be advised that the discussions on today's call may include forward-looking statements. Such forward-looking statements involve certain risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements.

Please refer to Star Equity’s most recent 10-K, 10-Q, and other filings for a more complete description of risk factors that could affect these projections and assumptions. The company assumes no obligation to update forward-looking statements as a result of new information, future events, or otherwise.

Please also note that on this call, management will reference non-GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted net income, and adjusted earnings per share, which are all financial measures not recognized under U.S. GAAP.

As required by SEC rules and regulations, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures in our earnings release issued this morning.

If you did not receive a copy of the earnings release and would like one after the call, please contact Star Equity at 203-489-9500 or its Investor Relations Representative, Lena Cati at The Equity Group at 212-836-9611.

Also, this call is being broadcast live over the Internet and may be accessed at Star Equity's website via www.starequity.com. Shortly after the call, a replay will also be available on the company's website. [Operator Instructions]

It is now my pleasure to introduce Rick Coleman, Chief Executive Officer of Star Equity.

Rick Coleman

Thank you, Drew. Good morning everyone. We appreciate you joining us today for our second quarter 2024 results conference call. On the call today with me are our Executive Chairman, Jeff Eberwein, and our Chief financial officer, Dave Noble.

I will start today by providing an overview of our recent business developments and financial highlights. Then Dave will provide additional details on our consolidated financial results. Jeff will then discuss our Enservco investment announced yesterday morning.

Before turning to second quarter highlights, I want to comment on a couple of recent transactions. On May 17th, we closed the acquisition of Timber Technologies. I'm pleased to report that the integration of that business into our Building Solutions division and the acquisition of its associated real estate assets are substantially complete.