Sterling Construction (STRL) Reports In-Line Q2 EPS

Sterling Construction (NASDAQ: STRL) reported Q2 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $194.8 million versus the consensus estimate of $167.6 million.

Second Quarter 2014 Bookings and Backlog Highlights:

• Bookings during the quarter were $167 million, representing a book-to-bill ratio of 0.86:1;
• Total backlog at June 30, 2014 was $727 million, up from $687 million at December 31, 2013 and $714 million at June 30, 2013;
• Total backlog at June 30, 2014 excluded $116 million of projects where the Company was the apparent low bidder, but had not yet been awarded the contract; and,
• We estimate that the average gross margin of our projects in backlog is comparable to the gross margin reported for the second quarter of 2014.

For earnings history and earnings-related data on Sterling Construction (STRL) click here.

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