Sterling Q3 2021 Earnings Report
Key Takeaways
Sterling Construction Company reported strong Q3 2021 results, with revenues increasing to $463.4 million and net income reaching $21.1 million. Diluted EPS rose to $0.72. The company also increased its full-year revenue and net income guidance.
Revenues increased to $463.4 million compared to $383.5 million in Q3 2020.
Net income was $21.1 million, up from $15.2 million in Q3 2020.
Diluted EPS increased to $0.72 compared to $0.54 in the prior year.
The company increased its full-year revenue guidance to $1.510 billion to $1.520 billion and net income guidance to $61 million to $64 million.
Sterling
Sterling
Forward Guidance
Sterling raised its full-year 2021 revenue guidance to be between $1.510 billion to $1.520 billion and 2021 net income attributable to Sterling common stockholders to be between $61 million to $64 million.