Sterling Construction Company Named to Forbes List of America’s 200 Best Small Companies
HOUSTON--(BUSINESS WIRE)--Sterling Construction Company, Inc. (Nasdaq GS: STRL), ("Sterling" or the "Company"), today announced that it has been named one of “America's 200 Best Small Companies” by Forbes magazine. Sterling was ranked #86. The entire list appears in the October 27, 2008 issue of Forbes. Online access is at: http://www.forbes.com/lists/2008/23/biz_200smalls08_The-200-Best- Small-Companies_Company_7.html (Due to its length, this URL may need to be opied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
To qualify for the Forbes list, candidates must have sales of between $5 million and $750 million and a stock price of $5 as of Sept. 29. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over five years. Forbes also compared candidates’ stock performance with that of its industry peers.
Sterling’s Chairman & CEO Patrick Manning said, “We are very honored to be recognized as one of ‘America’s 200 Best Small Companies’. Our ranking reflects the hard work of our people and the success we have achieved in growing the number, size and complexity of the civil construction projects we undertake in Texas and Nevada.”
Sterling is a leading heavy civil construction company, headquartered in Houston, Texas, that specializes in the building, reconstruction and repair of transportation and water infrastructure in large and growing markets in Texas and Nevada. Its transportation infrastructure projects include highways, roads, bridges and light rail, and its water infrastructure projects include water, wastewater and storm drainage systems.
