Profile: Sterling Construction Company Inc (STRL.O)

Sterling Construction Company, Inc. (Sterling) is a heavy civil construction company that specializes in the building, reconstruction and repair of transportation and water infrastructure. Transportation infrastructure projects include highways, roads, bridges and light rail. Water infrastructure projects include water, wastewater and storm drainage systems. The Company is operated by its subsidiaries, Texas Sterling Construction Co. in Texas and Road and Highway Builders LLC (RHB) in Nevada. Sterling provides general contracting services primarily to public sector clients utilizing its own employees and equipment, including excavating, concrete and asphalt paving, installation of large-diameter water and wastewater distribution systems; construction of bridges and similar large structures; construction of light rail infrastructure; concrete batch plant operations, concrete crushing and aggregates and asphalt paving operations. The Company’s highway and bridge work is generally funded through federal and state authorizations.

Sterling performs the majority of the work required by its contracts with its own crews, and generally engages subcontractors only for ancillary services. During the year ended December 31, 2008, contracts with TXDOT represented 39.2% of its revenues and contracts with NDOT represented 21.3% of its revenues. The North Texas Tollroad Authority represented 6.4% of its revenues.