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Hot Stocks
Sterling Construction awarded $25.3M project by UDOT » 08:03
07/09/20
07/09
08:03
07/09/20
08:03
STRL

Sterling Construction

$9.60 /

+0.03 (+0.31%)

Sterling Construction…

Sterling Construction announced that its subsidiary, Ralph L Wadsworth Construction, or RLW, was selected by the Utah Department of Transportation, or UDOT, to construct a bridge in Salt Lake County. Sterling said in a release, "The $25.3 million project entails the design and construction of a new bridge that will extend Porter Rockwell Boulevard across the Jordan River, three canals, and over the Union Pacific Railroad and Utah Transit Agency rail lines. This bridge will provide a new connection between I-15 and State Route 68/Redwood Road, two of the most travelled North-South corridors in Utah. Upon completion, it will be the tallest bridge in the Salt Lake City Metropolitan Area. Construction is scheduled to begin this fall and is expected to be completed in the summer of 2022."

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STRL Sterling Construction
$9.60 /

+0.03 (+0.31%)

STRL Sterling Construction
$9.60 /

+0.03 (+0.31%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
STRL Sterling Construction
$9.60 /

+0.03 (+0.31%)

Over a month ago
Conference/Events
Sterling Construction management to meet with KeyBanc » 09:04
06/17/20
06/17
09:04
06/17/20
09:04
STRL

Sterling Construction

$11.00 /

+0.47 (+4.46%)

Virtual Meeting to be…

Virtual Meeting to be held on June 17 hosted KeyBanc.

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STRL Sterling Construction
$11.00 /

+0.47 (+4.46%)

STRL Sterling Construction
$11.00 /

+0.47 (+4.46%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
STRL Sterling Construction
$11.00 /

+0.47 (+4.46%)

Hot Stocks
Sterling Construction awarded $97M in aviation projects by SLCDA » 16:09
06/08/20
06/08
16:09
06/08/20
16:09
STRL

Sterling Construction

$11.04 /

+0.7 (+6.77%)

Sterling Construction…

Sterling Construction announced that its subsidiary, Ralph L. Wadsworth Construction was awarded three separate alternative delivery construction contracts by the Salt Lake City Corporation's Department of Airports , or SLCDA. The Salt Lake City International Airport projects total $97M and are part of the airport's Terminal Redevelopment Program. The projects consist of foundation work, dewatering and earth retention work, and civil and airfield work for the South Concourse East. The foundation project will include pouring more than 70,000 linear feet of concrete filled steel pipe piles and 98,000 linear feet of driven H-piles.

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STRL Sterling Construction
$11.04 /

+0.7 (+6.77%)

STRL Sterling Construction
$11.04 /

+0.7 (+6.77%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
STRL Sterling Construction
$11.04 /

+0.7 (+6.77%)

Over a quarter ago
Syndicate
Sterling Construction files $100M mixed securities shelf  09:57
05/05/20
05/05
09:57
05/05/20
09:57
STRL

Sterling Construction

$9.70 /

+0.28 (+2.97%)

 
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STRL Sterling Construction
$9.70 /

+0.28 (+2.97%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
Hot Stocks
Sterling Construction withdraws previous guidance » 17:00
05/04/20
05/04
17:00
05/04/20
17:00
STRL

Sterling Construction

$9.42 /

-0.03 (-0.32%)

"As we look forward,…

"As we look forward, all our segments have been deemed to be a component of "Essential Critical Infrastructure" per the National Cybersecurity and Infrastructure Agency. We have record backlogs in both the Heavy Civil and Specialty Services segments and remain in an enviable position versus many other businesses. However, we expect to begin to see more significant impacts related to the COVID-19 pandemic in the second and third quarters as our home builder customers expect demand to slow, and new commercial projects related to multifamily and offices may be delayed." The company said, "Due to the anticipated slowdown in project activity for our residential, multi-family and commercial markets, along with the high potential of other unforeseen impacts, we have decided to withdraw our previously articulated guidance until we have greater visibility into these markets. Despite the near-term challenges created by the COVID-19 pandemic, the profit and cash flow generated by of each of our businesses in the first quarter exemplify the continued execution of our strategy. Importantly, we generated positive free cash flow in our seasonally weak first quarter, and our liquidity position remains strong, providing us with the financial flexibility to continue to execute on our record combined backlog even if business conditions worsen, and leaving us well prepared to resume the growth trajectory of our bottom line when the economic environment normalizes."

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STRL Sterling Construction
$9.42 /

-0.03 (-0.32%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
Earnings
Sterling Construction reports Q1 adjusted EPS 12c, consensus 22c » 16:59
05/04/20
05/04
16:59
05/04/20
16:59
STRL

Sterling Construction

$9.42 /

-0.03 (-0.32%)

Reports Q1 revenue…

Reports Q1 revenue $296.7M, consensus $306.35M. Reprots combined Backlog at March 31 was $1.43B, up from $1.34B at December 31, 2019. Combined Backlog consists of $1.19B of Backlog and $241M of Unsigned Low-bid Awards as of March 31, compared to $1.07B and $273M at December 31, 2019, respectively. Sterling's CEO, Joe Cutillo, stated, "Our Q1 results were aligned with our strategic objectives to continue to grow our bottom line profits faster than top line revenue. Our recently acquired Plateau business, which is the largest component of the Specialty Services segment, exceeded our expectations in financial performance and booked over $100 million of new business in the quarter. Our Residential operating income was slightly lower than the prior year quarter due to heavy March rains, but was up sequentially over the fourth quarter of 2019 as we continue to expand into the Houston market. The Heavy Civil segment saw the largest unfavorable productivity impact in the first quarter related to the pandemic as customers and back offices began to work virtually and new procedures and protocol were developed and implemented into field operations. Despite the COVID-19 pandemic headwinds, the Heavy Civil segment managed to approach achieving our first quarter financial expectations."

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STRL Sterling Construction
$9.42 /

-0.03 (-0.32%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
Hot Stocks
Sterling Construction awarded $80M aviation subcontract by Parsons » 09:10
04/21/20
04/21
09:10
04/21/20
09:10
PSN

Parsons

$36.00 /

-0.57 (-1.56%)

, STRL

Sterling Construction

$8.32 /

-0.18 (-2.12%)

Sterling Construction…

Sterling Construction (STRL) has been awarded an $80M aviation subcontract by Parsons (PSN) for the reconstruction of the Bucholz Army Airfield Runway in the Kwajalein Atoll of the Marshall Islands. Efforts are a part of Parsons project with the U.S. Army Corps of Engineers. The project consists of paving a 200 foot by 6,000 foot runway in order to accommodate increased air traffic. Phasing will allow the runway to remain operational while construction occurs, as the strategic significance of the airfield does not allow reconstruction to close the runway. Logistics has commenced to transport aggregates, other materials and equipment to the airfield. The reconstruction project has an estimated completion date of mid-2021.

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PSN Parsons
$36.00 /

-0.57 (-1.56%)

04/15/20 Benchmark
Parsons initiated with a Buy at Benchmark
04/02/20 Wells Fargo
Parsons price target lowered to $33 from $42 at Wells Fargo
03/30/20 William Blair
Parsons initiated with an Outperform at William Blair
03/25/20 Wells Fargo
Good news for government contractors in COVID -19 bill, says Wells Fargo
STRL Sterling Construction
$8.32 /

-0.18 (-2.12%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
Hot Stocks
Sterling Construction awarded specialty services projects totaling $100M in Q1 » 16:07
04/13/20
04/13
16:07
04/13/20
16:07
STRL

Sterling Construction

$9.00 /

-0.25 (-2.70%)

Sterling Construction…

Sterling Construction announced that Plateau, was awarded significant projects and increases to the scope on existing projects totaling approximately $100M during Q1 of 2020. The site development projects included distribution centers for the e-commerce platform and retail grocers, a major children's hospital expansion and an industrial location. The majority of these awards commenced work during the quarter.

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STRL Sterling Construction
$9.00 /

-0.25 (-2.70%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
Hot Stocks
Sterling Construction awarded $26.4M project in Utah by Woodbury » 16:06
04/06/20
04/06
16:06
04/06/20
16:06
STRL

Sterling Construction

$8.06 /

+0.25 (+3.20%)

Sterling Construction…

Sterling Construction announced that its subsidiary, Ralph L Wadsworth Construction, LLC was selected by the Woodbury Corporation for a Utah structural project totaling $26.4M. The $26.4M project is part of a $500M revitalization effort of University Place, a 120-acre multi-use development project located in Orem, Utah. RLW is contracted to provide the structural concrete for a nine-story structure with the bottom five levels consisting of 115,000 square feet of structured parking and a lobby and the top four levels with over 115,000 square feet of Class A office space, boasting unobstructed 360-degree views of Utah Valley. Construction is scheduled to begin this Spring and is expected to be completed in the Fall of 2021.

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STRL Sterling Construction
$8.06 /

+0.25 (+3.20%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson
Hot Stocks
Sterling Construction subsidiary awarded $20.3M California bridge project » 08:56
03/31/20
03/31
08:56
03/31/20
08:56
STRL

Sterling Construction

$8.95 /

-0.04 (-0.44%)

Sterling Construction…

Sterling Construction announced that its subsidiary, Myers & Sons Construction, was selected by the California Department of Transportation for a bridge project in San Francisco. The $20.3M project entails replacing bridge decks, concrete barriers, and railings, along with installation of carbon fiber wrap around the existing bridge columns at the Alemany Circle Undercrossing. The job is expected to be completed by the end of 2020.

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STRL Sterling Construction
$8.95 /

-0.04 (-0.44%)

10/09/19 DA Davidson
Sterling Construction price target raised to $25 from $18 at DA Davidson

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