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Stock impact report

Sterling Reports Second Quarter 2021 Results

Sterling Infrastructure, Inc. (STRL) 
Last sterling infrastructure, inc. earnings: 3/2 04:24 pm Check Earnings Report
US:NASDAQ Investor Relations: strlco.com/investor-relations
Company Research Source: Business Wire
Exceeds EPS ExpectationsDelivers Record Cash Flow from Operating ActivitiesIncreases 2021 Full Year Net Income Guidance THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or the “Company”) today announced financial results for the second quarter 2021.Consolidated Second Quarter 2021 Financial Results Compared to Second Quarter 2020:Revenues were $401.7 million compared to $400.0 million.Net Income was $20.1 million compared to $18.2 million.Diluted EPS was $0.69 compared to $0.65.Consolidated Financial Position and Liquidity:Cash and Cash Equivalents were $93.6 million at June 30, 2021.Cash provided by operating activities was a record $91.5 million for the six months ended June 30, 2021.Repayments of debt totaled $40.1 million for the six months ended June 30, 2021.Heavy Civil and Specialty Services Backlog Highlights:Backlog at June 30, 2021 was $1.57 billion, up from $1.18 billion at December 31, 2020.Combined Backlog(1) at Ju Show less Read more
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