Sterling Awarded a $24 Million Wastewater Treatment Facility Project in Logan, UT
April 15 2019 - 4:05PM
Business Wire
Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling”
or “the Company”) today announced that its subsidiary, Ralph L.
Wadsworth Construction Company, LLC (“RLW”) has been selected by
MWH Constructors (“MWH”), for work on the Logan Regional Wastewater
Treatment Facility (“WWTP”) in Logan, UT. RWL’s project award
totals approximately $24 million and is scheduled to commence in
May of 2019, with completion targeted for the fourth quarter of
2022.
MWH, as the General Contractor to the City of Logan, is
overseeing the upgrade of the WWTP which, when completed, will
increase the facility’s average capacity to 18
million-gallons-per-day. RLW’s scope of work will focus on the
structural concrete portion of the project, which includes the
headworks, returned activated sludge, ultraviolet disinfection, and
electrical buildings, as well as the bioreactors, clarifiers, and
solids holding tank.
Joe Cutillo, Sterling’s CEO commented, “Our selection by MWH for
the WTTP upgrade is an excellent example of how our expertise in
structural concrete construction provides us with a diverse range
of higher margin civil project opportunities outside of our heavy
highway core competency. We particularly like water-related jobs
because of the dramatic, long-term positive impacts that they have
on a community, and we are pleased that MWH selected us to partner
with them to provide the City of Logan with a state-of-the-art
wastewater facility.”
Sterling, a Delaware corporation, is a construction company that
specializes in heavy civil infrastructure construction and
infrastructure rehabilitation as well as residential construction
projects, primarily in Arizona, California, Colorado, Hawaii,
Nevada, Texas, Utah and other states in which there are feasible
construction opportunities. Heavy civil construction projects
include highways, roads, bridges, airfields, ports, light rail,
water, wastewater and storm drainage systems, foundations for
multi-family homes, commercial concrete projects and parking
structures. Residential construction projects include concrete
foundations for single-family homes.
This press release includes certain statements that fall within
the definition of “forward-looking statements” under the Private
Securities Litigation Reform Act of 1995. Any such statements are
subject to risks and uncertainties, including overall economic and
market conditions, federal, state and local government funding,
competitors’ and customers’ actions, and weather conditions, which
could cause actual results to differ materially from those
anticipated, including those risks identified in the Company’s
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. Any
prediction by the Company is only a statement of management’s
belief at the time the prediction is made. There can be no
assurance that any prediction once made will continue thereafter to
reflect management’s belief, and the Company does not undertake to
update publicly its predictions or to make voluntary additional
disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190415005647/en/
Sterling Construction Company, Inc.Ron Ballschmiede, Chief
Financial Officer281-214-0800
Investor Relations Counsel:The Equity Group Inc.Fred
Buonocore, CFA 212-836-9607Kevin Towle 212-836-9620
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