Sterling Reports 2019 Fourth Quarter and Full Year Results
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Sterling Construction (STRL) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Outlook
March 2, 2020 4:29 PM ESTSterling Construction (NASDAQ: STRL) reported Q4 EPS of $0.22, $0.03 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $346.5 million versus the consensus estimate of $298 million.
Consolidated Fourth Quarter 2019 Financial Results Compared to Fourth Quarter 2018:
Revenues were $346.5 million compared to $255.2 million;Gross margin was 9.7% of revenues compared to 11.0%;Plateau acquisition related costs totaled $2.2 million or $0.08 per diluted share;Gross margin and Net Income were impacted by a $10.2 million charge or $0.36 per diluted share related to a claim resolution of a 2014 legacy project;Recognized... More