NASDAQ$STRL
Sterling Infrastructure Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported strong Q4 results, driven by the Plateau acquisition and growth in revenues.
Sterling Construction Company reported a revenue increase of $91.4 million compared to the prior year quarter, primarily driven by $84.6 million generated from Plateau. Net income attributable to Sterling common stockholders was $22.3 million, compared to $5.6 million in the same quarter of the previous year. The Plateau acquisition was immediately accretive to the fourth quarter results.
- Revenues were $346.5 million compared to $255.2 million.
- Net income attributable to Sterling common stockholders was $22.3 million compared to $5.6 million.
- Adjusted EBITDA was $20.2 million compared to $12.7 million.
- Combined Backlog at December 31, 2019 was $1.3 billion, up from $1.1 billion at December 31, 2018.
Headline financials
Revenue & EPS history
Sterling · Revenue · Quarterly
$347M
Forward guidance
The company expects to generate full year 2020 revenues of between $1.375 billion and $1.4 billion. With the integration of Plateau into Sterling, the company expects that its blended gross margin will rise to the 13% to 14% range. The company expects 2020 EBITDA to be $125 million to $135 million.
Tailwinds
- Anticipated contribution from Plateau.
- Record high Backlog.
- Current booking trends.
- Market strength.
- Improved execution.
Headwinds
- Effective income tax rate of approximately 26%.
- Non-cash income tax expense of approximately 21% of pretax income.
- No major positive changes in government investment in infrastructure assumed.
- Acquisition related costs of $2 million to $3 million.
- Revenue growth pressured by a shift in demand towards smaller square footage slabs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+1.8%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+6.6%
Avg return
30 days after
54%
35 / 65 earnings
Positive
+52.2%
Q1 2026
Best reaction
-20.9%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +52.2% | +59.5% | +87.5% | |
| Q4 2025 | -5.4% | -8.7% | -7.7% | |
| Q3 2025 | -2.8% | -3.8% | -15.4% | |
| Q1 2025 | +3.2% | +6.6% | +17.1% | |
| Q4 2024 | +5.4% | +4.9% | +0.2% | |
| Q3 2024 | +10.9% | +23.8% | +24.5% | |
| Q2 2024 | +1.2% | -0.3% | +4.3% | |
| Q1 2024 | +20.6% | +27.4% | +15.2% | |
| Q4 2023 | +22.1% | +27.5% | +30.3% | |
| Q3 2023 | -17.5% | -12.4% | -12.0% | |
| Q2 2023 | +23.9% | +32.4% | +31.3% | |
| Q1 2023 | +9.0% | +15.8% | +24.8% | |
| Q4 2022 | +1.1% | +7.0% | -0.1% | |
| Q3 2022 | +9.8% | +19.3% | +20.2% | |
| Q2 2022 | -3.3% | -1.9% | -1.6% | |
| Q1 2022 | +2.4% | +0.7% | +8.0% | |
| Q4 2021 | -3.1% | -2.2% | -4.1% | |
| Q3 2021 | +3.1% | +9.0% | +4.3% | |
| Q2 2021 | +2.0% | +1.0% | +4.5% | |
| Q1 2021 | +11.4% | +11.2% | +13.0% | |
| Q4 2020 | -17.9% | -11.8% | -3.0% | |
| Q3 2020 | -0.2% | -6.2% | +9.6% | |
| Q2 2020 | +6.1% | +11.5% | +10.7% | |
| Q1 2020 | -5.1% | -7.9% | +16.2% | |
| Q4 2019 | +7.5% | -9.2% | -32.9% | |
| Q3 2019 | -0.1% | -8.0% | -14.2% | |
| Q2 2019 | -9.3% | -9.7% | -8.1% | |
| Q1 2019 | -12.7% | -12.2% | -4.0% | |
| Q4 2018 | -1.6% | -6.1% | -11.8% | |
| Q3 2018 | +1.7% | +8.8% | -3.8% | |
| Q2 2018 | +7.7% | +19.5% | +11.6% | |
| Q1 2018 | +17.8% | +15.3% | +16.8% | |
| Q4 2017 | -4.4% | +6.9% | -5.5% | |
| Q3 2017 | +15.5% | +12.9% | +10.9% | |
| Q2 2017 | -17.9% | -17.3% | -3.3% | |
| Q1 2017 | +7.2% | +12.4% | +6.8% | |
| Q4 2016 | +7.9% | +5.2% | -3.4% | |
| Q3 2016 | -16.0% | -9.9% | +8.5% | |
| Q2 2016 | +1.4% | +6.2% | +10.8% | |
| Q1 2016 | -17.7% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +12.1% | — | — | |
| Q2 2015 | +14.6% | — | — | |
| Q1 2015 | -20.9% | — | — | |
| Q4 2014 | +35.3% | — | — | |
| Q3 2014 | -8.6% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +10.9% | — | — | |
| Q4 2013 | -3.5% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +3.7% | — | — | |
| Q4 2012 | -1.4% | — | — | |
| Q3 2012 | -7.0% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2009 | +4.0% | — | — | |
| Q4 2011 | +4.0% | — | — | |
| Q3 2011 | -7.8% | — | — | |
| Q3 2010 | -7.8% | — | — | |
| Q4 2010 | -9.0% | — | — | |
| Q2 2010 | -9.0% | — | — | |
| Q2 2011 | -9.0% | — | — | |
| Q1 2011 | -4.3% | — | — | |
| Q1 2010 | +8.7% | — | — |
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