2023-05-01 16:10:23 ET
- Sterling Construction press release ( NASDAQ: STRL ): Q1 GAAP EPS of $0.64 beats by $0.08 .
- Revenue of $403.6M (-1.6% Y/Y) beats by $27.93M .
- EBITDA of $45.9 million, an increase of 14%; Adjusted EBITDA of $46.1 million, an increase of 13%
- Cash flows from operations of $49.1 million for the first quarter
- Cash and Cash Equivalents totaled $202.6 million at March 31, 2023
- Backlog at March 31, 2023 was $1.62 billion, an increase of 15% over December 31, 2022
- Combined backlog at March 31, 2023 was $1.75 billion, an increase of 4% over December 31, 2022
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Full Year 2023 Guidance
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Revenue of $1.9 billion to $2.0 billion
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Net Income of $104 million to $110 million
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EPS of $3.33 to $3.53
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EBITDA of $220 million to $235 million
For further details see:
Sterling Construction GAAP EPS of $0.64 beats by $0.08, revenue of $403.6M beats by $27.93M