Sterling Reports a Record Fourth Quarter and Record Year, Buys Back 467,000 Shares of Stock
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Sterling Construction (STRL) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus
March 4, 2019 4:47 PM ESTSterling Construction (NASDAQ: STRL) reported Q4 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $255.2 million versus the consensus estimate of $233.1 million.
Revenues were $255.2 million compared to $253.9 million;Gross margin was 10.5% of revenues compared to 9.4%;Operating income was $9.4 million compared to $7.0 million;Net income attributable to Sterling common stockholders was $5.6 million compared to $3.1 million; and,Net income per diluted share attributable to common stockholders was $0.21 compared to $0.11.CEO Remarks and Outlook:
Sterling delivered yet another record setting year in... More
