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Sterling Construction Company Inc (STRL.O)

STRL.O on Nasdaq

8.64USD
13 Jan 2017
Change (% chg)

$0.10 (+1.17%)
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$8.54
Open
$8.67
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$8.81
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$8.62
Volume
48,871
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195,165
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$9.38
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Latest Key Developments (Source: Significant Developments)

Sterling Construction Co Q3 revenue rose 16.8 pct to $205.6 million
Monday, 31 Oct 2016 04:01pm EDT 

Sterling Construction Company Inc : Total backlog at Sept 30, 2016 of $820 million was up 7.8% from Dec 31, 2015 and was up 14.2% from Q3 of 2015 . We are revising our outlook for balance of 2016 and now expect our net income for Q4, one of our seasonally slowest quarters, to approximate breakeven . Sterling Construction Company - Qtrly net income per share attributable to common stockholders was $0.10; expect net income for Q4 to approximate breakeven . Sterling Construction Company, Inc. reports 2016 third quarter results . Q3 revenue rose 16.8 percent to $205.6 million .Sees Q4 revenue $150 million to $170 million.  Full Article

Sterling Construction Q2 earnings per share $0.09
Monday, 1 Aug 2016 06:30am EDT 

Sterling Construction Company Inc : Sterling Construction Company, Inc. reports 2016 second quarter results . Q2 earnings per share $0.09 . Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Q2 revenue $189.6 million versus i/b/e/s view $180.8 million . Rains in texas, slower construction ramp-up of awards booked in late 2015 and early 2016 caused lower revenue, net income for Q2 . Sees full-year 2016 revenue $670 million to $690 million . Do not anticipate any slowdown in project lettings for balance of 2016 and 2017 . Total backlog at June 30, 2016 of $810 million was up 6.4 percent from December 31, 2015 and was up 9.0 percent from Q2 of 2015 . Now expects net income to be $2 million to $5 million for full year 2016 . Full-year 2016 revenue view $712.7 million -- Thomson Reuters I/B/E/S . For full-year 2016, expect continued gross margin improvement and tight g&a cost controls . Intend to refinance current asset-based credit facility with a "lower cost, higher capacity, revolving credit line" .Currently targeting first half of 2017 to have refinancing accomplished.  Full Article

Sterling Construction Company announces pricing of common stock offering
Tuesday, 3 May 2016 08:07pm EDT 

Sterling Construction Company:Says pricing of its public offering of 4,500,000 shares of its common stock at $4.00 per share.Sterling has granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock to cover over-allotments, if any.Paul Varello, Sterling's CEO, intends to purchase $500,000 of common stock in this offering at the public offering price.Company intends to use the net proceeds of the offering for working capital, to repay indebtedness outstanding under the revolving loan portion of its equipment-based credit facility and for general corporate purposes.  Full Article

Sterling Construction Company Inc announces public offering of 4,500,000 shares
Monday, 2 May 2016 07:45am EDT 

Sterling Construction Company Inc:Intends to offer 4,500,000 shares of its common stock, par value $0.01 per share, in an underwritten public offering.Intends to use the net proceeds of the offering for working capital, to repay indebtedness outstanding under the revolving loan portion of its equipment-based credit facility and for general corporate purposes.  Full Article

Sterling Construction Company Inc reaffirms FY 2016 guidance
Monday, 2 May 2016 07:10am EDT 

Sterling Construction Company Inc:Says the co remain confident that it will be within range of revenue and earnings guidance that was offered in last earnings report.Expects FY 2016 revenues in range of $700 million to $735 million; net earnings attributable to Sterling stockholders in the range of $5 million to $8 million; and net income per share attributable to Sterling common stockholders in range of $0.25 to $0.40.  Full Article

Sterling Construction Company Inc gives FY 2016 guidance
Monday, 14 Mar 2016 06:30am EDT 

Sterling Construction Company Inc:Anticipates FY 2016 revenues to be between $700 million and $735 million and net income per share attributable to Sterling common stockholders to be in the range of $0.25 to $0.40.  Full Article

Sterling Construction Company Inc appoints Ronald A. Ballschmiede Executive Vice President & Chief Financial Officer
Monday, 9 Nov 2015 06:30am EST 

Sterling Construction Company Inc:Ronald A. Ballschmiede has been named Executive Vice President & Chief Financial Officer effective November 9, 2015.  Full Article

Sterling Construction Company Inc reschedules earnings release and conference call
Friday, 7 Aug 2015 04:24pm EDT 

Sterling Construction Company Inc:Announced that it will delay its earnings release and conference call for the second quarter, which had previously been scheduled for August 10, 2015.  Full Article

Sterling Construction announces CFO transition
Monday, 6 Jul 2015 06:30am EDT 

Sterling Construction:Announces CFO transition.Thomas R. Wright steps down for personal reasons and kevan blair appointed interim CFO.Says CFO Thomas R. Wright Resigned.Says thomas r. wright steps down for personal reasons and kevan blair appointed interim CFO.Says company plans to launch a search for a new CFO and will evaluate both internal and external candidates.  Full Article

Sterling Construction Company Inc closes new financing
Monday, 1 Jun 2015 06:30am EDT 

Sterling Construction Company Inc:Closes a new financing effective May 29 with funding to occur on June 01.Says new $40 million credit facility with Nations Equipment Finance will be secured by Sterling's equipment.Initial interest rate of 12% with pricing criteria that could cause the rate to decrease or increase by two percentage points based on fixed charge coverage ratio performance.  Full Article

BRIEF-Sterling Construction Co Q3 revenue rose 16.8 pct to $205.6 million

* Total backlog at Sept 30, 2016 of $820 million was up 7.8% from Dec 31, 2015 and was up 14.2% from Q3 of 2015