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Sterling Construction Company profile

About Sterling Construction Company, Inc.

Sterling Construction Company, Inc. is a company, which operates through a variety of subsidiaries in the United States, primarily across the southern United States, the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. The Company operates through three segments. Its Heavy Civil segment relies on federal and state infrastructure spending. The principal markets of this segment are Arizona, California, Colorado, Hawaii, Nevada, Texas and Utah. Its Specialty Services segment serves blue-chip end users in the e-commerce, data center, distribution center and warehousing, energy, mixed use and multi-family sectors. Its Residential segment’s principal market is Texas, specifically the Dallas-Fort Worth and Houston areas and the surrounding communities. The core customer base for Residential segment is primarily made up of national home builders, as well as regional and custom home builders.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Sterling Construction Company, Inc. revenues increased 11% to $1.58B. Net income increased 48% to $62.6M. Revenues reflect Residential segment increase of 27% to $209.2M, Heavy Civil segment increase of 6% to $795.6M. Basic Earnings per Share excluding Extraordinary Items increased from $1.52 to $2.19.

Equity composition

Common Stock $.01 Par, 05/11, 19M auth., 16,468,295 issd., less 5,000 shs in Treas @ $62K. Insiders own 7.43%. 5/91, Shares issd. upon merger withHallwood Industries; Basis:10-for-9. FY'02 fincls. are restated. FY'03 fincls. are reclassified. 1/06, Co. delisted from AMEX to NASDAQ. 8/95, name change form Oakhurst Capital.