Sterling Construction Company, Inc. Reports 2012 Second Quarter Results

Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced results for the second quarter and six months ended June 30, 2012.

$ in millions					3 Months Ended												%Change *					6 Months Ended												%Change*
(except per share data)					6/30/12						6/30/11											6/30/12						6/30/11
Revenues					$	168.7					$	128.5					31.3	%				$	267.1					$	227.7					17.3	%
Gross profit					$	15.2					$	13.6					11.8	%				$	17.0					$	21.2					(19.8	)%
Gross margin						9.0	%					10.6	%				(15.1	)%					6.4	%					9.3	%				(31.2	)%
Operating income					$	8.2					$	7.3					12.3	%				$	3.7					$	9.0					(58.9	)%
Net income (loss) attributableto common stockholders					$	3.3					$	4.2					(21.4	)%				$	(4.2	)				$	4.3					NM
Diluted net income (loss) pershare attributable tocommon stockholders **					$	0.15					$	0.25					(40.0	)%				$	(0.29	)				$	0.26					NM

* The percentages and amounts shown for changes between periods in the table above and in the discussions below are based on the amounts reported in the Form 10-Q and may differ from the amounts which would have been calculated from the table above as a result of rounding.

** Based on 16.4 million and 16.6 million weighted-average diluted shares outstanding for the three months ended June 30, 2012 and 2011, respectively and 16.3 million and 16.6 million weighted-average diluted shares outstanding for the six months ended June 30, 2012 and 2011.

NM – Not meaningful

2012 Second Quarter Compared to 2011

Revenues for the quarter increased 31.3% over the 2011 comparable quarter primarily as a result of $35.6 million of revenues from recently acquired operations in Arizona and California and higher revenues from our Nevada operations reflecting the impact of the $25 million of contracts assumed from Aggregate Industries, Inc. in January 2012. The improvements were somewhat offset by lower revenues in Texas.

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