Sterling Reports 2019 Third Quarter Results
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Sterling Construction (STRL) Misses Q3 EPS by 4c, Revenues Beat; Provides Revised FY19 Revenue Guidance Above Consensus
November 4, 2019 4:17 PM ESTSterling Construction (NASDAQ: STRL) reported Q3 EPS of $0.37, $0.04 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $291.7 million versus the consensus estimate of $280.5 million.
Consolidated Third Quarter 2019 Financial Results Compared to Third Quarter 2018:
Revenues were $291.7 million compared to $291.3 million;Gross margin was 10.0% of revenues compared to 10.7%;Plateau acquisition related costs totaled $1.9 million or $0.07 diluted share(1);Net income attributable to Sterling common stockholders was $8.0 million (GAAP basis) or $9.9 million (adjusted basis(1)) compared to $8.9 million, reflecting a growth in net income attributable to Sterling common... More