Sterling Construction (STRL) Tops Q1 EPS by 22c

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Sterling Reports Record First Quarter 2022 Results

May 2, 2022 4:05 PM EDT

Earnings Continue to Outpace Expectations

Petillo Delivers Immediately Accretive Earnings

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the first quarter 2022.

First Quarter 2022 Results (as compared to First Quarter 2021)

Total Revenue of $410.3 million, an increase of 30% Net Income was $19.3 million, or $0.64 per diluted share, an increase of 82% and 73%, respectively EBITDA(1) of $39.8 million, an increase of... More