Sterling Reports Second Quarter 2021 Results
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Sterling Construction (STRL) Tops Q2 EPS by 17c; Raises Outlook
August 2, 2021 4:22 PM EDTSterling Construction (NASDAQ: STRL) reported Q2 EPS of $0.69, $0.17 better than the analyst estimate of $0.52. Revenue for the quarter came in at $401.7 million versus the consensus estimate of $397.15 million.
GUIDANCE:
The Company Increases 2021 Full Year Net Income Guidance to $55 million - $58 million.
Overall, we had a strong quarter and were able to overcome significant headwinds from weather, inflation and material supply issues to exceed our expectations, stated Joe Cutillo, Sterlings Chief Executive Officer. In our Heavy Civil segment, we had a nice improvement in operating income on... More
