{"id":821331,"date":"2025-03-04T08:39:35","date_gmt":"2025-03-04T13:39:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\/"},"modified":"2025-03-04T08:39:35","modified_gmt":"2025-03-04T13:39:35","slug":"kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\/","title":{"rendered":"KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine"},"content":{"rendered":"<h2>\nStar Announces Preliminary Key Financial Metrics for Q4 2024<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">OLD GREENWICH, Conn., March  04, 2025  (GLOBE NEWSWIRE) &#8212; Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed two large commercial contracts to manufacture housing units in Maine. Additionally, Star released preliminary key financial metrics for the fourth quarter (\u201cQ4\u201d) 2024 period ended December 31, 2024.<sup>(<\/sup><sup>1<\/sup><sup>)<\/sup><\/p>\n<p align=\"justify\">The details of KBS\u2019 recently signed commercial contracts are as follows:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>$3.1 million contract<\/strong> to manufacture 32 modules for the construction of 20 mixed-income housing units in Portland, Maine. Manufacturing of these modules is expected to begin in the second quarter of 2025, with deliveries to commence in the third quarter of 2025.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>$2.1 million contract<\/strong> to manufacture 28 modules for the construction of townhouses comprised of 14 housing units in Bowdoinham, Maine. Manufacturing of these modules is expected to begin in the first quarter of 2025 with deliveries to be completed before the end of the second quarter of 2025.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Star Announces Key Preliminary, Unaudited Q4 2024 Financial Metrics<\/strong>\n      <\/p>\n<p align=\"justify\">For Q4 2024, as compared to Q4 2023, Star expects to report:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenues of approximately $17.1 million (versus $14.1 million in Q4 2023).<\/li>\n<li style=\"text-align:justify\">Gross profit of approximately $4.4 million (versus $2.9 million in Q4 2023).<\/li>\n<li style=\"text-align:justify\">Non-GAAP adjusted EBITDA from continuing operations of approximately $1.1 million (versus a loss of $0.1 million in Q4 2023).<\/li>\n<\/ul>\n<p align=\"justify\">\n        <u>Star consolidated financial results by quarter: <\/u>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:20%;width:20%;min-width:20%;border-top: solid black 1pt;border-left: solid black 1pt;vertical-align: bottom\">\n            <em>(USD in millions)<\/em>\n          <\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q4 2023<\/strong><br \/>\n            <sup><br \/>\n              <strong>(2)<\/strong><br \/>\n            <\/sup>\n          <\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q1 2024<\/strong><br \/>\n            <sup><br \/>\n              <strong>(2)<\/strong><br \/>\n            <\/sup>\n          <\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q2 2024<\/strong>\n          <\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q3 2024<\/strong>\n          <\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q4 2024<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;vertical-align: bottom\">Revenue<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$14.1<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$9.1<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$13.5<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$13.7<\/td>\n<td style=\"border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">$17.1<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;vertical-align: bottom\">Gross Profit<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$2.9<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$1.6<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$2.2<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">$2.8<\/td>\n<td style=\"border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">$4.4<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: bottom\">Adj. EBITDA<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">($0.1)<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">($1.1)<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">($0.5)<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">($0.3)<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">$1.1<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Rick Coleman, CEO of Star, noted, \u201cWe ended 2024 on a strong note benefitting from a momentum shift in the marketplace evidenced by increased activity from our Building Solutions customers during the second half of the year. Several large projects placed on hold earlier in the year received final approvals and began production in the fourth quarter. These factors translated into higher revenues and improved margins for Q4 2024, a trend which we expect to continue into 2025.\u201d<\/p>\n<p align=\"justify\">Mr. Coleman added, \u201cWe are excited to start 2025 with the signing of two large commercial contracts for KBS, which further solidifies\u00a0its strong reputation and market position as a best-in-class construction solution provider in the New England area, particularly in its home state of Maine. We expect strong demand for new projects fueled by the ongoing housing shortage and increasing acceptance of modular, factory-built construction will continue to benefit all our Building Solutions businesses.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Star Equity Holdings, Inc.<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Star Equity Holdings, Inc. is a diversified holding company currently composed of three divisions: Building Solutions, Energy Services, and Investments.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Building Solutions<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Our Building Solutions division operates in three businesses: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber (glulam) column, beam, and truss manufacturing.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Energy Services<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Our Energy Services division engages in the rental, sale, and repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Investments<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Our Investments division manages and finances the Company\u2019s real estate assets as well as its investment positions in private and public companies.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Forward-Looking Statements<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\u201cSafe Harbor\u201d Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release that are not statements of historical fact are hereby identified as \u201cforward-looking statements\u201d for the purpose of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking Statements include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to acquisitions and related integration, development of commercially viable products, novel technologies, and modern applicable services, (ii) projections of income (including income\/loss), EBITDA, earnings (including earnings\/loss) per share, free cash flow (FCF), capital expenditures, cost reductions, capital structure or other financial items, (iii) the future financial performance of the Company or acquisition targets and (iv) the assumptions underlying or relating to any statement described above. Moreover, forward-looking statements necessarily involve assumptions on the Company\u2019s part. These forward-looking statements generally are identified by the words \u201cbelieve\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cestimate\u201d, \u201cproject\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cshould\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201cwould\u201d, \u201cwill be\u201d, \u201cwill continue\u201d or similar expressions. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events, or circumstances and may not be realized because they are based upon the Company&#8217;s current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described above as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the substantial amount of debt of the Company and the Company\u2019s ability to repay or refinance it or incur additional debt in the future; the Company\u2019s need for a significant amount of cash to service and repay the debt and to pay dividends on the Company\u2019s preferred stock; the restrictions contained in the debt agreements that limit the discretion of management in operating the business; legal, regulatory, political and economic risks in markets and public health crises that reduce economic activity and cause restrictions on operations (including the recent coronavirus COVID-19 outbreak); the length of time associated with servicing customers; losses of significant contracts or failure to get potential contracts being discussed; disruptions in the relationship with third party vendors; accounts receivable turnover; insufficient cash flows and resulting lack of liquidity; the Company&#8217;s inability to expand the Company&#8217;s business; unfavorable changes in the extensive governmental legislation and regulations governing healthcare providers and the provision of healthcare services and the competitive impact of such changes (including unfavorable changes to reimbursement policies); high costs of regulatory compliance; the liability and compliance costs regarding environmental regulations; the underlying condition of the technology support industry; the lack of product diversification; development and introduction of new technologies and intense competition in the healthcare industry; existing or increased competition; risks to the price and volatility of the Company\u2019s common stock and preferred stock; stock volatility and in liquidity; risks to preferred stockholders of not receiving dividends and risks to the Company\u2019s ability to pursue growth opportunities if the Company continues to pay dividends according to the terms of the Company\u2019s preferred stock; the Company\u2019s ability to execute on its business strategy (including any cost reduction plans); the Company\u2019s failure to realize expected benefits of restructuring and cost-cutting actions; the Company\u2019s ability to preserve and monetize its net operating losses; risks associated with the Company\u2019s possible pursuit of acquisitions; the Company\u2019s ability to consummate successful acquisitions and execute related integration, as well as factors related to the Company\u2019s business including economic and financial market conditions generally and economic conditions in the Company\u2019s markets; failure to keep pace with evolving technologies and difficulties integrating technologies; system failures; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; and the continued demand for and market acceptance of the Company\u2019s services. For a detailed discussion of cautionary statements and risks that may affect the Company\u2019s future results of operations and financial results, please refer to the Company\u2019s filings with the Securities and Exchange Commission, including, but not limited to, the risk factors in the Company\u2019s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. This release reflects management\u2019s views as of the date presented.<\/p>\n<p align=\"justify\">All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;vertical-align: bottom\">\n            <strong>For more information contact:<\/strong>\n          <\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Star Equity Holdings, Inc.<\/td>\n<td style=\"vertical-align: bottom\">The Equity Group<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Rick Coleman<\/td>\n<td style=\"vertical-align: bottom\">Lena Cati<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">CEO<\/td>\n<td style=\"vertical-align: middle\">212-836-9611<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">203-489-9508<\/td>\n<td style=\"vertical-align: bottom\">\n            <a href=\"mailto:lcati@equityny.com\" rel=\"nofollow\" target=\"_blank\">lcati@equityny.com<\/a>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <a href=\"mailto:admin@starequity.com\" rel=\"nofollow\" target=\"_blank\">admin@starequity.com<\/a>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        <sup><br \/>\n          <em>(1)<\/em><br \/>\n        <\/sup><br \/>\n        <em> T<\/em><br \/>\n        <em>he unaudited results in this press release are preliminary and subject to the completion of accounting and annual audit\u00a0<\/em>\u00a0<em>procedures and are therefore subject to adjustment.<\/em><em>The Company expects to announce its FY 2024 audited financial results on or about March 20, 2025. <\/em><em>Adj. EBITDA is a non-GAAP measure and is therefore always unaudited.<\/em><\/p>\n<p align=\"justify\">\n        <sup><br \/>\n          <em>(2)<\/em><br \/>\n        <\/sup>\u00a0<em>Note: <\/em><em>fourth quarter 2023 and <\/em><em>first quart<\/em><em>er 2024 results exclude the impact of the Timber Technologies acquisition, which<\/em><em>closed May 17, 2024. <\/em><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4ODM2MyM2Nzg4NTQyIzIwMTg5OTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NTc4NjNlYTYtMjk2ZS00ZWFiLTkyMTgtODE3ODkxOGUyZGJkLTEwMzA1Njc=\/tiny\/Star-Equity-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Star Announces Preliminary Key Financial Metrics for Q4 2024 OLD GREENWICH, Conn., March 04, 2025 (GLOBE NEWSWIRE) &#8212; Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed two large commercial contracts to manufacture housing units in Maine. Additionally, Star released preliminary key financial metrics for the fourth quarter (\u201cQ4\u201d) 2024 period ended December 31, 2024.(1) The details of KBS\u2019 recently signed commercial contracts are as follows: $3.1 million contract to manufacture 32 modules for the construction of 20 mixed-income housing units in Portland, Maine. Manufacturing of these modules is expected to begin in the second quarter of 2025, with deliveries to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-821331","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Star Announces Preliminary Key Financial Metrics for Q4 2024 OLD GREENWICH, Conn., March 04, 2025 (GLOBE NEWSWIRE) &#8212; Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed two large commercial contracts to manufacture housing units in Maine. Additionally, Star released preliminary key financial metrics for the fourth quarter (\u201cQ4\u201d) 2024 period ended December 31, 2024.(1) The details of KBS\u2019 recently signed commercial contracts are as follows: $3.1 million contract to manufacture 32 modules for the construction of 20 mixed-income housing units in Portland, Maine. Manufacturing of these modules is expected to begin in the second quarter of 2025, with deliveries to &hellip; Continue reading &quot;KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-04T13:39:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4ODM2MyM2Nzg4NTQyIzIwMTg5OTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine\",\"datePublished\":\"2025-03-04T13:39:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\\\/\"},\"wordCount\":1479,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM4ODM2MyM2Nzg4NTQyIzIwMTg5OTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbs-builders-wins-two-large-commercial-contracts-totaling-5-2-million-for-multifamily-construction-projects-in-maine\\\/\",\"name\":\"KBS Builders Wins Two Large Commercial Contracts Totaling $5.2 Million for Multifamily Construction Projects in Maine - 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(Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed two large commercial contracts to manufacture housing units in Maine. Additionally, Star released preliminary key financial metrics for the fourth quarter (\u201cQ4\u201d) 2024 period ended December 31, 2024.(1) The details of KBS\u2019 recently signed commercial contracts are as follows: $3.1 million contract to manufacture 32 modules for the construction of 20 mixed-income housing units in Portland, Maine. 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