Sterling Construction (STRL) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus

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Go back to Sterling Construction (STRL) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus

Sterling Reports a Record Fourth Quarter and Record Year, Buys Back 467,000 Shares of Stock

March 4, 2019 4:43 PM EST

Delivers Year-Over-Year Net Income Growth of 117% for Full Year 2018

Combined Backlog Up 15% Over Prior Year, Reaches $1,143 million

THE 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 December31, 2018.

Consolidated Fourth Quarter 2018 Financial Results Compared to Fourth Quarter 2017:

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;... More