STR Holdings Inc
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STR Holdings Inc - overview
Established
1944
Location
Enfield, CT, US
Primary Industry
Materials
About
STR Holdings Inc. focuses on providing solar panel encapsulation solutions that enhance the durability and efficiency of solar energy systems, contributing to the renewable energy sector. Founded in 1944 in Enfield, US, STR Holdings Inc. specializes in solar panel encapsulation.
The company went public in 2009, raising approximately USD 123 mn in its IPO. Ahmed Sedky serves as CEO. STR Holdings, Inc. specializes in solar panel encapsulation, offering EVA-based solar encapsulants that protect photovoltaic cells from moisture and environmental damage.
Their products serve various applications in residential, commercial, and utility-scale solar installations globally, addressing increasing demand in North America, Europe, and Asia. In 2018, STR Holdings, Inc. reported a revenue of USD 10. 88 mn with an EBITDA of USD -7.
00 mn, primarily generated through direct sales of its solar encapsulation products to manufacturers and distributors in the renewable energy sector. In 2009, STR Holdings raised approximately USD 123 mn in its IPO, with plans to utilize the funding to enhance product development and market expansion. The company aims to introduce new products designed for improved efficiency and durability in solar systems. Expansion plans include targeting new markets in Asia and Europe by 2025, enhancing their global footprint in response to growing renewable energy demands.
Current Investors
GCM Grosvenor
Primary Industry
Materials
Sub Industries
Advanced Materials
Website
www.strholdings.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
STR Holdings Inc - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 264,945,000 | 371,829,000 | 232,431,000 | 95,345,000 | 31,860,000 | 39,288,000 | 29,783,000 | - | - | - |
| % Revenue Growth (YoY) | - | 40.3% | (37.5%) | (59.0%) | (66.6%) | 23.3% | (24.2%) | - | - | - |
| EBITDA (USD) | 73,005,000 | 112,249,000 | (7,006,000) | (263,563,000) | (23,165,000) | (17,631,000) | (11,131,000) | - | - | - |
| Operating Income (USD) | 48,102,000 | 85,700,000 | (24,597,000) | (283,485,000) | (25,235,000) | (19,709,000) | (13,020,000) | - | - | - |
| Operating Margin | 18.2% | 23.0% | (10.6%) | (297.3%) | (79.2%) | (50.2%) | (43.7%) | - | - | - |
| % EBITDA Margin | 27.6% | 30.2% | (3.0%) | (276.4%) | (72.7%) | (44.9%) | (37.4%) | - | - | - |
| NET Income (USD) | 22,989,000 | 49,311,000 | (1,304,000) | (207,347,000) | (18,286,000) | (23,617,000) | (9,463,000) | - | - | - |
| % Net Margin | 8.7% | 13.3% | (0.6%) | (217.5%) | (57.4%) | (60.1%) | (31.8%) | - | - | - |
STR Holdings Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | STR Holdings Inc | - | ||||||||
| Buyout | Completed | STR Holdings Inc | - |
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STR Holdings Inc - employee data
STR Holdings Inc - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM |
BM Board Member
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