Sterling Construction (STRL) Misses Q1 EPS by 10c
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Sterling Reports First Quarter 2020 Results
May 4, 2020 4:55 PM EDTRecord EBITDA (1)
Record Backlog of $1.2 billion and Backlog Gross Margin of 12.7%
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the three months ended March 31, 2020.
Consolidated First Quarter 2020 Financial Results Compared to First Quarter 2019:
Revenues were $296.7 million compared to $223.9 million; Gross margin was 11.9% of revenues compared to 8.7%; Plateau acquisition related costs totaled $0.5 million or $0.02 per diluted share; Net income attributable to Sterling common stockholders was... More