NASDAQ$STRL

Sterling Infrastructure Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Sterling reported strong fourth quarter and record full year results.

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.

Headline financials

Total Revenue

$347M

Previous: $347M+0.2%
EPS (adj)

$0.20

Previous: $0.22-9.1%
EBITDA

$28.9M

Previous: $18M+60.1%
Adjusted EBITDA

$28.9M

Previous: $20.2M+42.9%
Gross Margin

13.4%

Previous: 9.7%+38.1%
Capital Expenditures

$10.8M

Previous: $7.53M+43.2%
Free Cash Flow

$17.6M

Previous: $25.1M-30.0%
Net Income

$6.03M

Previous: $22.5M-73.2%
Operating Income

$20.9M

Previous: $9.73M+114.9%
Gross Profit

$46.6M

Previous: $33.6M+38.8%
Cash & Equivalents

$47.7M

Previous: $45.7M+4.3%
Total Assets

$953M

Previous: $962M-1.0%
Stock-Based Comp

$3.68M

Previous: $1.3M+183.4%

Revenue & EPS history

Sterling · Revenue · Quarterly

$347M

Q4 2020+0.2%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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