Sterling Reports 2019 Fourth Quarter and Full Year Results
Sterling Infrastructure, Inc. (STRL)
Last sterling infrastructure, inc. earnings: 3/2 04:24 pm
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US:NASDAQ Investor Relations:
strlco.com/investor-relations
Company Research
Source: Business Wire
Record Backlog of $1.1 billion and Backlog Gross Margin of 11.5%Plateau Proves Immediately Accretive2020 Mid-Point Guidance Calling for Year-Over-Year Growth in Revenue and Adjusted Net Income of 23% and 61%, Respectively THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced financial results for the fourth quarter and full year ended 2019.Consolidated Fourth Quarter 2019 Financial Results Compared to Fourth Quarter 2018:Revenues were $346.5 million compared to $255.2 million;Gross margin was 9.7% of revenues compared to 11.0%;Plateau acquisition related costs totaled $2.2 million or $0.08 per diluted share;Gross margin and Net Income were impacted by a $10.2 million charge or $0.36 per diluted share related to a claim resolution of a 2014 legacy project;Recognized a non-cash income tax benefit of $25.8 million or $0.92 per diluted share, primarily due to the reversal of our valuation allowance;Net
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STRL
News
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- Sterling Infrastructure, Inc. (STRL) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- STRL vs. HWM: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
STRL
Earnings
- 2/26/24 - Beat
STRL
Sec Filings
- 4/10/24 - Form SC
- 4/4/24 - Form 4
- 4/2/24 - Form 144
- STRL's page on the SEC website