Sterling Construction (STRL) Misses Q4 EPS by 1c
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Sterling Construction Company, Inc. Reports 2016 Fourth Quarter and Full Year Results
March 9, 2017 6:30 AM ESTTHE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the fourth quarter and full year ended December 31, 2016.
Fourth Quarter 2016 Financial Results Compared to Fourth Quarter 2015:
Revenues grew 10.4% to $168.3 million compared to $152.5 million; Reflecting previously-announced contract charges in our Texas operations, gross margin fell to 4.1% of revenues from 8.0% last year; Operating loss was $5.3 million compared to operating income of $0.1 million; Net loss attributable to... More