November 12, 2013

Sterling Construction Company did not fare well this quarter, as indicated by a decrease in revenues, net income down by 48.5%, and an overall loss of $18.5 million in the nine months ended Sept. 30.

Total revenues came in at $185.9 million, down from $205.2 million in the third quarter of 2012.

Net income weighed in at $2.1 million, compared to $4.07 million in year-ago terms. The total loss sustained over the nine-month period represents an even more drastic disparity compared to 2012, when the company had netted $11.9 million in income in the same period.

September 10, 2013

Sterling Construction Company has appointed Peter Holland as CEO of its subsidiary, Texas Sterling Construction Co., effective Sept. 9.

Holland will be replacing Doug Clements, who left to pursue other interests in closer proximity to his family. He brings an extensive track record of revenue growth and market expansion in the construction industry and was most previously executive VP at Satterfield & Pontikes Construction, as well as president of their Federal Services Division.