The L.S. Starrett Company reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 62.08 million compared to USD 66.78 million a year ago. Net loss was USD 0.394 million compared to net income of USD 3.13 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.42 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.42 a year ago.
For the six months, sales was USD 122.71 million compared to USD 127.24 million a year ago. Net income was USD 1.53 million compared to USD 5.19 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.71 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.69 a year ago.