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Jun 30, 2021
Sterling Q2 2021 Earnings Report
Sterling's Q2 2021 earnings exceeded EPS expectations, delivered record cash flow from operating activities, and increased 2021 full year net income guidance.
Key Takeaways
Sterling Construction Company reported a strong second quarter in 2021, overcoming headwinds from weather, inflation, and supply chain issues. The company exceeded EPS expectations and delivered record cash flow from operating activities. Net income was $20.1 million, and diluted EPS was $0.69.
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.
Cash and Cash Equivalents were $93.6 million at June 30, 2021.
Sterling
Sterling
Forward Guidance
Sterling has updated its guidance to reflect its expectation for 2021 net income attributable to Sterling common stockholders to be between $55 million to $58 million.