Sterling Reports 2019 Second Quarter Results

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Go back to Sterling Reports 2019 Second Quarter Results

Sterling Construction (STRL) Misses Q2 EPS by 1c, Revenues Miss; 'FY19 Guidance Impacted by Weather & Delayed Project Starts'

August 5, 2019 4:16 PM EDT

Sterling Construction (NASDAQ: STRL) reported Q2 EPS of $0.29, $0.01 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $264.1 million versus the consensus estimate of $272.15 million.

Combined Backlog Hits All-Time High of $1.2 billion at a Record 9.1% Gross MarginQ219 Results and FY19 Guidance Impacted by Weather and Delayed Project Starts

Consolidated Second Quarter 2019 Financial Results Compared to Second Quarter 2018:

Revenues were $264.1 million compared to $268.7 million; Gross margin was 9.7% of revenues compared to 11.6%; Net income attributable to Sterling common stockholders was $7.8 million compared to $8.2 million; and, Net income per... More