Sterling Reports Record First Quarter 2021 Results
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Sterling Construction (STRL) Tops Q1 EPS by 16c, Revenues Beat; Reaffirms FY21 Revenues Outlook
May 3, 2021 4:13 PM EDTSterling Construction (NASDAQ: STRL) reported Q1 EPS of $0.37, $0.16 better than the analyst estimate of $0.21. Revenue for the quarter came in at $315.3 million versus the consensus estimate of $306.6 million.
Consolidated First Quarter 2021 Financial Results Compared to First Quarter 2020:
Revenues were $315.3 million compared to $296.7 million;Gross margin was 14.3% of revenues compared to 11.9%;Operating income was $22.8 million compared to $12.1 million;Net Income was $10.6 million compared to $3.1 million;EPS was $0.37 compared to $0.11; and,EBITDA(1) was $29.9 million compared to $20.3 million.CEO Remarks and... More