Sterling Construction (STRL) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Outlook

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Go back to Sterling Construction (STRL) Misses Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Outlook

Sterling Reports 2019 Fourth Quarter and Full Year Results

March 2, 2020 4:24 PM EST

Record Backlog of $1.1 billion and Backlog Gross Margin of 11.5%

Plateau Proves Immediately Accretive

2020 Mid-Point Guidance Calling for Year-Over-Year Growth in Revenue and Adjusted Net Income of 23% and 61%, Respectively

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 2019.

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... More