Sterling Earnings Reports

Sterling reported revenue of $498.8 million for Q4 2024, representing a 3% increase over the prior year. Net income increased significantly to $113.2 million, or $3.64 per diluted share, driven by a one-time gain on the deconsolidation of a subsidiary. Adjusted net income was $45.5 million, or $1.46 per diluted share, reflecting a 12% increase. Gross margins improved to 21.4%, and adjusted EBITDA grew 11% to $76.4 million.

Sterling Infrastructure reported a 6% increase in revenue and a 56% increase in diluted EPS for Q3 2024. Gross profit margins reached a new record of 21.9%.

Sterling Infrastructure reported a 12% increase in revenue and a 31% increase in diluted EPS for Q2 2024. Gross profit margins reached a new record of 19.3%. The company's combined backlog stands at $2.45 billion, with a growing pipeline of high probability work exceeding $500 million.

Sterling Infrastructure reported a strong start to 2024 with a 9% increase in revenue, a gross margin of 17.5%, and EPS of $1.00. The company's backlog reached $2.35 billion, providing visibility for the remainder of the year and into 2025. The trends across each of their business segments remain strong.

Sterling Infrastructure reported an 8% increase in revenue, reaching $486.0 million, and a 99% increase in net income, totaling $40.2 million, or $1.28 per diluted share, for the fourth quarter of 2023. The company's EBITDA increased by 37% to $68.4 million, and its backlog grew by 46% to $2.07 billion.

Sterling Infrastructure reported a strong third quarter with a 13.7% increase in revenue, a rise in gross margin, and a 28% increase in net income. The company also raised its full-year diluted EPS guidance and saw a significant increase in backlog.

Sterling Infrastructure reported strong Q2 2023 results with a 13.1% increase in revenue, a gross margin increase from 15.4% to 17.7%, and a 40% increase in net income. The company also increased its full year guidance.

Sterling Infrastructure reported a strong first quarter with a 10% increase in revenue, reaching $403.6 million. Net income increased by 11% to $19.6 million, and EPS rose by 8% to $0.64. The company's backlog increased by 15% to $1.62 billion.

Sterling Infrastructure, Inc. reported record fourth quarter and full year 2022 results. Revenue for the quarter was $448.6 million, a 26% increase year-over-year. Net income was $20.2 million, an 80% increase year-over-year. The company also provided full year 2023 guidance.

Sterling Infrastructure reported a strong Q3 2022 with record revenue, net income, and EBITDA. The company's performance was driven by growth in E-Infrastructure Solutions and improved margins in Transportation and Building Solutions. As a result, the company increased its full year 2022 guidance.

Sterling Infrastructure reported a strong second quarter with a 27% increase in total revenue to $510.6 million and a 29% increase in net income to $26.0 million. The company's EBITDA increased by 33% to $54.3 million, driven by solid operating income growth across all segments. Due to this strong performance, Sterling is increasing its full year 2022 guidance.

Sterling Construction Company reported a 30% increase in revenue to $410.3 million and an 82% increase in net income to $19.3 million for Q1 2022. EBITDA increased by 33% to $39.8 million. The company reaffirms its full-year 2022 guidance, anticipating continued growth despite inflationary and supply chain pressures.

Sterling Construction Company reported a strong fourth quarter with a 15.6% increase in revenue to $401.3 million and an 87.3% increase in net income to $10.9 million, or $0.37 per diluted share. Adjusted EBITDA increased by 10.7% to $32.0 million.

Sterling Construction Company reported strong Q3 2021 results, with revenues increasing to $463.4 million and net income reaching $21.1 million. Diluted EPS rose to $0.72. The company also increased its full-year revenue and net income guidance.

Sterling Construction Company reported a strong second quarter in 2021, overcoming headwinds from weather, inflation, and supply chain issues. The company exceeded EPS expectations and delivered record cash flow from operating activities. Net income was $20.1 million, and diluted EPS was $0.69.

Sterling Construction Company reported a strong start to 2021 with record first-quarter revenue of $315.3 million, a gross margin of 14.3%, and net income of $10.6 million. The company reaffirmed its full-year 2021 revenue and income guidance, expecting to be on the higher end of the guidance range.

Sterling Construction Company reported revenues of $347.2 million, a gross margin of 13.4%, and operating income of $20.9 million for the fourth quarter of 2020. Adjusted EBITDA was $28.9 million compared to $20.2 million.

Sterling Construction Company reported strong third-quarter results with revenues of $383.5 million, a gross margin of 13.0%, net income of $15.2 million, and EBITDA of $36.7 million. The company's backlog reached a record $1.24 billion, providing visibility into 2021 growth. They are maintaining full year revenue and income guidance.

Sterling reported a decrease in revenue for Q2 2020, but experienced strong growth in transportation solutions and building solutions segments. Cost-saving initiatives helped to mitigate the impact of the revenue decline on profitability. The company is cautious about the near-term outlook due to the ongoing economic uncertainty.

Sterling reported a decrease in revenue due to the impact of COVID-19, but made progress on strategic initiatives. The company is focused on cost management and cash flow generation.

Sterling Construction Company reported a revenue increase of $91.4 million compared to the prior year quarter, primarily driven by $84.6 million generated from Plateau. Net income attributable to Sterling common stockholders was $22.3 million, compared to $5.6 million in the same quarter of the previous year. The Plateau acquisition was immediately accretive to the fourth quarter results.