Sterling Construction (STRL) Tops Q2 EPS by 5c; Raises Rev Outlook
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Sterling Construction Company, Inc. Reports Strong 2018 Second Quarter Results
August 2, 2018 4:05 PM EDTRevenue up 9.1%, Net Income up 123%, Raises Full Year Guidance Ranges
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the second quarter and six months ended June 30, 2018.
Consolidated Second Quarter 2018 Financial Results Compared to Second Quarter 2017:
Revenues grew 9.1% to $268.7 million compared to $246.4 million; Gross margin was 11.7% of revenues compared to 10.2%; Operating income was $12.1 million compared to $8.4 million; Net income attributable to Sterling common stockholders was $8.2 million compared to $3.7 million;... More