Sterling Reports 2020 Second Quarter Results
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Sterling Construction (STRL) Tops Q2 EPS by 34c, Revenues Beat; Offers FY20 Revenue Guidance
August 3, 2020 4:32 PM EDTSterling Construction (NASDAQ: STRL) reported Q2 EPS of $0.65, $0.34 better than the analyst estimate of $0.31. Revenue for the quarter came in at $400 million versus the consensus estimate of $329.35 million.
Consolidated Second Quarter 2020 Financial Results Compared to Second Quarter 2019:
Revenues were $400.0 million compared to $264.1 million;Gross margin was 14.9% of revenues compared to 9.7%;Net Income was $18.3 million compared to $7.8 million;EPS was $0.65 compared to $0.29; and,EBITDA was $41.2 million compared to $15.3 million.CEO Remarks and Outlook
I am extremely proud of what our employees were able... More
