Sterling Construction (STRL) Tops Q2 EPS by 34c, Revenues Beat; Offers FY20 Revenue Guidance
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Sterling Reports 2020 Second Quarter Results
August 3, 2020 4:29 PM EDTRecent Acquisition and Base Business Performance Drive Record Results
Raises Full Year Revenues and Income Outlook
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the second quarter 2020.
Consolidated Second Quarter 2020 Financial Results Compared to Second Quarter 2019:
Revenues were $400.0 million compared to $264.1 million; Gross margin was 14.9% of revenues compared to 9.7%; Net Income was $18.3 million compared to $7.8 million; EPS was $0.65 compared to $0.29; and, EBITDA was $41.2 million compared to $15.3... More