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Last $4.61 USD
Change Today -0.03 / -0.65%
Volume 62.3K
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

sterling construction co (STRL) Snapshot

Open
$4.55
Previous Close
$4.64
Day High
$4.64
Day Low
$4.38
52 Week High
11/6/14 - $9.24
52 Week Low
03/6/15 - $2.23
Market Cap
90.4M
Average Volume 10 Days
84.0K
EPS TTM
$-1.54
Shares Outstanding
19.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STERLING CONSTRUCTION CO (STRL)

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sterling construction co (STRL) Details

Sterling Construction Company, Inc. operates as a heavy civil construction company in Texas, Utah, Nevada, Arizona, California, Hawaii, and other states of the United States. The company builds, repairs, and reconstructs transportation infrastructure projects that comprise highways, roads, bridges, and light rail; and water infrastructure projects, which include water, wastewater, and storm drainage systems. It primarily serves county and municipal public works departments, regional transit and water authorities, port authorities, school districts, municipal utility districts, and airport authorities. The company was formerly known as Oakhurst Company, Inc. and changed its name to Sterling Construction Company, Inc. in November 2001. Sterling Construction Company, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.

1,799 Employees
Last Reported Date: 03/16/15
Founded in 1955

sterling construction co (STRL) Top Compensated Officers

Interim Chief Financial Officer and Senior Vi...
Total Annual Compensation: $281.7K
Senior Vice President
Total Annual Compensation: $547.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $220.0K
Consultant
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

sterling construction co (STRL) Key Developments

Sterling Construction Co. Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015

Sterling Construction Co. Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $177.425 million against $194.806 million a year ago. Operating loss was $0.162 million against operating income of $2.535 million a year ago. Loss before income taxes and earnings attributable to non-controlling interests was $0.967 million against income before income taxes and earnings attributable to non-controlling interests of $2.473 million a year ago. Net loss attributable to the company’s common stockholders was $2.542 million or $0.13 per basic and diluted share against net income attributable to the company’s common stockholders of $1.2 million or $0.07 per basic and diluted share a year ago. Adjusted EBITDA was $3.74 million. Capital expenditures for the second quarter remained low at $2.1 million, increasing from $1.2 million in the first quarter of 2015. For the six months, the company reported revenues of $295.107 million against $329.343 million a year ago. Operating loss was $16.84 million against operating income of $2.977 million a year ago. Loss before income taxes and earnings attributable to non-controlling interests was $17.664 million against income before income taxes and earnings attributable to non-controlling interests of $2.954 million a year ago. Net loss attributable to the company’s common stockholders was $19.534 million or $1.03 per basic and diluted share against net income attributable to the company’s common stockholders of $1.406 million or $0.08 per basic and diluted share a year ago. The run rate for capital expenditures through the first half of 2015 was well below 2014, when capital expenditure were $13.5 million for the full year, reflecting management’s tight control of capital spending and other cash items. Looking ahead to the second half of 2015, the company is on track to have positive net earnings. While revenues and backlog may be flat compared to 2014, the company remains focused on bottom line profitability and are confident that will be well-positioned for increased earnings in 2016 and beyond. The company expected margins in backlog to increase by the end of 2015 to 7% or better as work off lower margin projects and add new projects at higher margins. The company anticipated that general and administrative expense will remain in the range of 5.5% of revenues. In summary, the company believed that Sterling is firmly on the path towards delivering improved profitability and shareholder value in the second half of 2015 and, to a greater degree, in 2016 and beyond.

Sterling Construction Company, Inc. Wins $26.3 Million Project in Houston

Sterling Construction Co. Inc. announced that it was awarded $26.3 million project by the Harris County Toll Road Authority (HCTRA) in Houston. The project consists of work on the Hardy Toll Road, where Texas Sterling will replace conventional toll collection facilities with automated ‘toll tag’ facilities. Approximately 35% of the project will be performed by pre-qualified subcontractors covered by surety bonds, which helps to guarantee performance and completion as specified in the contract terms, and reduces construction-related risk to the project owner and to Sterling. In addition, the project scope includes enhancements to exit and entrance ramps and is expected to commence in August 2015 and be completed by October 2016 with incentives for early completion.

Sterling Construction Co. Inc. to Report Q2, 2015 Results on Aug 10, 2015

Sterling Construction Co. Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 10, 2015

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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