Quarterly Financial Information

The following table summarizes the unaudited quarterly results of operations for 2017 and 2016 (amounts in thousands, except per share data):



	2017 Quarters Ended (unaudited)
	March 31			June 30		September 30		December 31		Total
Revenues	$	153,416		$	246,412	$	304,219	$	253,911	$	957,958
Gross profit	9,287			25,205		30,631		23,969		89,092
Income (loss) before income taxes and earnings attributable to noncontrolling interests	(1,859		)	4,661		9,170		3,963		15,935
Net income (loss) attributable to Sterling common stockholders	(2,257		)	3,662		7,132		3,080		11,617
Net income (loss) per share attributable to Sterling common stockholders:
Basic	$	(0.09	)	$	0.14	$	0.27	$	0.11	$	0.44
Diluted	$	(0.09	)	$	0.13	$	0.26	$	0.11	$	0.43



	2016 Quarters Ended (unaudited)
	March 31			June 30		September 30		December 31			Total
Revenues	$	126,567		$	189,582	$	205,629	$	168,345		$	690,123
Gross profit	3,548			15,543		16,622		6,345			42,058
Income (loss) before income taxes and earnings attributable to noncontrolling interests	(7,336		)	2,570		3,196		(5,754		)	(7,324		)
Net income (loss) attributable to Sterling common stockholders	(7,328		)	2,023		2,415		(6,348		)	(9,238		)
Net income (loss) per share attributable to Sterling common stockholders:
Basic and diluted	$	(0.37	)	$	0.09	$	0.10	$	(0.25	)	$	(0.40	)

The Company’s operating revenues tend to be somewhat higher in the summer months which are typically due to warmer and dryer weather conditions. Our second and third quarter revenues and results of operations typically reflect these seasonal trends. However, from time to time, the Company’s operating results are significantly affected by certain transactions or events that management believes are not indicative or representative of our results. As of April 4th, Tealstone's results are included in the results for the remainder of 2017.