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Sep 30, 2024
Sterling Q3 2024 Earnings Report
Reported record results and raised full year profitability guidance.
Key Takeaways
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%.
Delivered 6% revenue growth and a 56% increase in diluted EPS.
Gross profit margins reached a new record of 21.9%.
Operating cash flow generation was excellent at $152 million.
E-Infrastructure Solutions achieved 89% operating income growth.
Sterling
Sterling
Forward Guidance
Sterling Infrastructure raised its full year profitability guidance, anticipating another excellent year in 2024.
Positive Outlook
- Revenue of $2.150 billion to $2.175 billion
- Net Income of $180 million to $185 million
- Diluted EPS of $5.85 to $6.00
- EBITDA of $310 million to $315 million