The Company holds a 50% ownership interest in Road and Highway Builders, LLC (“RHB”), with Rich Buenting holding the remaining 50% ownership interest. The Company uses the equity method of accounting for its ownership interest, reporting its portion of RHB’s income as a single line item (“Other operating income (expense), net”) in the Condensed Consolidated Statements of Operations and reporting its interest in RHB as a single line item (“Investment in unconsolidated subsidiaries”) in the Condensed Consolidated Balance Sheets.


(In thousands)	June 30, 2026		December 31, 2025
Current assets - RHB’s Balance Sheets	$	115,266	$	118,101
Current liabilities - RHB’s Balance Sheets	$	121,910	$	123,940
Investment in unconsolidated RHB subsidiary - Sterling’s Balance Sheets (1)	$	101,040	$	105,813

(1) Includes a basis difference of $87.6 million and $91.9 million at June 30, 2026 and December 31, 2025, respectively.


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2026		2025		2026		2025
RHB’s Statements of Operations
Revenues	$	63,272	$	61,321	$	107,324	$	104,767
Income before tax	$	13,037	$	11,865	$	20,666	$	19,940
Sterling’s Statements of Operations
Revenues	$	—	$	—	$	—	$	—
Income before tax (1)	$	4,372	$	3,785	$	6,040	$	5,677

(1) For each of the three and six months ended June 30, 2026 and 2025, Sterling’s portion of income before tax includes approximately $1.9 million and $3.7 million, respectively, of intangible asset amortization and approximately $275 thousand and $550 thousand, respectively, of depreciation expense related to the basis difference recognized in the deconsolidation of RHB on December 31, 2024.