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Jun 30, 2025
Sterling Q2 2025 Earnings Report
Sterling posted record Q2 2025 results with strong revenue and EPS growth.
Key Takeaways
Sterling Infrastructure delivered outstanding second quarter results, achieving record net income and adjusted EBITDA. Strong performance was driven by growth in E-Infrastructure and Transportation segments, while Building Solutions faced modest headwinds.
Revenue reached $614,468,000, with a 21% increase YoY excluding RHB.
Net income grew to $71,000,000, a 37% increase YoY.
Adjusted EPS was $2.69, up 41% from the prior year quarter.
Backlog reached $2.01 billion, with strong E-Infrastructure awards.
Revenue by Segment
Forward Guidance
Sterling raised full-year 2025 guidance citing strong first-half performance, growing E-Infrastructure demand, and a solid backlog pipeline.
Positive Outlook
- Raised FY25 revenue guidance to $2.10–$2.15 billion.
- Increased adjusted EPS outlook to $9.21–$9.47.
- Adjusted EBITDA projected at $438–$453 million.
- Strong backlog and future phase visibility approaching $2B in E-Infrastructure.
- CEC acquisition expected to enhance geographic expansion and service offering.
Challenges Ahead
- Softness persists in the Building Solutions segment due to housing market challenges.
- Texas heavy highway downsizing to temporarily impact Transportation revenue.
- CEC acquisition not yet reflected in FY25 guidance.
- Seasonal lull affected Transportation awards in Q2.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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