Star Equity (STRR) announced today that its wholly owned subsidiary, KBS Builders, has signed two large commercial contracts to manufacture housing units in Maine. Additionally, Star released preliminary key financial metrics for the fourth quarter 2024 period ended December 31, 2024. The details of KBS’ 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 commence in the third quarter of 2025. $2.1 million contract 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.
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