Sterling Reports 2020 Third Quarter Results

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Go back to Sterling Reports 2020 Third Quarter Results

Sterling Construction (STRL) Tops Q3 EPS by 9c, Revenues Miss; Offers FY20 Revenue Outlook

November 2, 2020 4:21 PM EST

Sterling Construction (NASDAQ: STRL) reported Q3 EPS of $0.54, $0.09 better than the analyst estimate of $0.45. Revenue for the quarter came in at $383.5 million versus the consensus estimate of $384.3 million.

Consolidated Third Quarter 2020 Financial Results Compared to Third Quarter 2019:

Revenues were $383.5 million compared to $291.7 million;Gross margin was 13.0% of revenues compared to 10.0%;Net Income was $15.2 million compared to $8.0 million;EPS was $0.54 compared to $0.30; and,EBITDA was $36.7 million compared to $15.4 million.

CEO Remarks and Outlook

We had another great quarter, nearly doubling our net income year-over-year and... More