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Sterling Construction's (STRL) CEO Joseph Cutillo on Q4 2017 Results - Earnings Call Transcript

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Sterling Construction Company, Inc. (NASDAQ:STRL) Q4 2017 Earnings Conference Call March 6, 2018 9:00 AM ET


Jennifer Maxwell - Director of Investor Relations

Joseph Cutillo - Chief Executive Officer

Ronald Ballschmiede - Chief Financial Officer


Sean Eastman - KeyBanc Capital Markets, Inc.

John Quealy - Canaccord Genuity Limited

William Newby - D.A. Davidson & Co.

Aron English - English Capital Partners


Greetings, and welcome to Sterling Construction’s Fourth Quarter and Full-Year 2017 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Jennifer Maxwell, Director of Investor Relations. Please go ahead.

Jennifer Maxwell

Thank you, Sherri. Good morning. Welcome to Sterling's 2017 fourth quarter and full-year earnings conference call. I am pleased to be here today with Joe Cutillo, Sterling's Chief Executive Officer and Ron Ballschmiede, Sterling's Chief Financial Officer.

Joe will provide some commentary on the performance of the Company and color around market trends. Ron will walk us through a detailed discussion of the financial results for the quarter and full-year as well as guidance for 2018. Following that we will open up the call for questions.

We would like to begin with an overview of the Company's Safe Harbor language. Some of the discussion today may include forward-looking statements. Actual results could differ materially from statements made today. Please refer to Sterling's most recent 10-K and 10-Q filings for a more complete description of risk factors that could affect these projections and assumptions. The Company assumes no obligation to update forward-looking statements as a result of new information, future events or otherwise.

With that out of the way, I'd like to turn the

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Comments (10)

alexferguson60 profile picture
I’ve been seriously thinking over the weekend about what in the **** could be wrong with STRL. And bearing in mind construction companies generally operate with quite a lot of debt (I might be wrong on this), it’s looking good to have FCF end-2018, completing quite the turnaround from 2 years ago. Revenue, EPS and income projections have increased hugely, so I don’t understand what’s wrong? Help?
Joe de Mencia profile picture
No clue. I got out when broad market shtf, but this is still on my radar. If we don't keep selling off, this is one of the stocks I'll get back in.
alexferguson60 profile picture
Sorry I spelt Varello badly
alexferguson60 profile picture
I thought exactly the same. Valero’s retirement (he turned the company around) has really hurt the company’s shares, although the new CEO has helped a great year. I am interested by how bad the company’s debt position is, but I can’t understand why a company with such good prospects is getting nailed.
Joe de Mencia profile picture
It's always been fluctuating wildly vs the overall market. I disagree with the sentiment, but can't do anything other than keep buying this lol
It was horrible, the guy needs to just say less. Less is more sometimes. It’s like he is nervous. Just do your fcking job. Stock is toxic but a decent company y
Joe de Mencia profile picture
Recent stock performance could also be in part attributable to Paul Varello's retirement (I'm just speculating): http://bit.ly/2D4uUyV
Joe de Mencia profile picture
SP peaked right around 12/7 (announcement came on 12/6) and then started its current decline.
CFO stutters to much during call. Stock sucks from 18 to 11 . Management is a joke. Short it I guess
Joe de Mencia profile picture
Transcript didn't have the stutter effect present, tho lol
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