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

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

Sterling Reports 2020 Third Quarter Results

November 2, 2020 4:15 PM EST

Strong Profitability and Cash Flow Further Enhance Liquidity Position

Record Backlog Provides Visibility Into 2021 Growth

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the third quarter 2020.

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... More