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Dec 31, 2020
Sterling Q4 2020 Earnings Report
Sterling reported strong fourth quarter and record full year results.
Key Takeaways
Sterling Construction Company reported revenues of $347.2 million, a gross margin of 13.4%, and operating income of $20.9 million for the fourth quarter of 2020. Adjusted EBITDA was $28.9 million compared to $20.2 million.
Revenues were $347.2 million compared to $346.5 million.
Gross margin was 13.4% of revenues compared to 9.7%.
Operating income was $20.9 million compared to $9.7 million or $11.9 million on an adjusted basis.
Adjusted EBITDA was $28.9 million compared to $20.2 million.
Forward Guidance
Sterling expects to generate full year 2021 revenues of between $1.46 billion and $1.49 billion, with a blended gross margin in the 13% to 14% range. Our expectation for 2021 net income attributable to Sterling common stockholders is between $52 million to $55 million. We expect our full year 2021 diluted average common shares outstanding to be approximately 29.2 million. We expect our 2021 EBITDA to be $134 million to $144 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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