---
schema_version: "secwatch.filing_event.v1"
accession: "0000874238-22-000087"
form_type: "8-K"
ticker: "STRL"
cik: "0000874238"
company_name: "STERLING INFRASTRUCTURE, INC."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T20:36:24.056808+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sterling reports record Q3 revenue $556.9M (+20% YoY), raises full-year guidance

## Summary
- Net income $29.5M ($0.97 diluted EPS), up 40% YoY; EBITDA $60.2M, up 50%.
- Revenue $556.9M (+20% YoY); gross margin improved 220 bps to 14.7%.
- Backlog at all-time high of $1.67B (+12% vs Dec 2021); combined backlog $1.90B (+25%).
- Full-year 2022 guidance raised: revenue $1.90-1.92B, EPS $3.08-3.21, EBITDA $197-205M.
- E-Infrastructure Solutions drove growth; Building Solutions revenue fell on higher rates and inflation.

## SEC filing metadata
- accession: 0000874238-22-000087
- form_type: 8-K
- ticker: STRL
- cik: 0000874238
- company_name: STERLING INFRASTRUCTURE, INC.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874238/000087423822000087/0000874238-22-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423822000087/strl-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-22-000087
- JSON: https://secwatch.observer/filing/0000874238-22-000087.json
- Plain text: https://secwatch.observer/filing/0000874238-22-000087.txt

## Key facts
- Earnings Releases
  STERLING INFRASTRUCTURE, INC. reported the third quarter 2022 results: revenue $556.9 million, net income $29.5 million, EPS $0.97 per diluted share.
  - Period: the third quarter 2022
  - Revenue: $556.9 million
  - Net income: $29.5 million
  - EPS: $0.97 per diluted share
  - Result: reported results
  source text: • Total Revenue of $556.9 million, an increase of 20% compared to the third quarter of 2021 • Net Income was $29.5 million, or $0.97 per diluted share, an increase of 40% and 35%, respectively, compared to the third quarter of 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423822000087/0000874238-22-000087-index.htm
- Earnings Releases
  STERLING INFRASTRUCTURE, INC. reported full year 2022 results: revenue $1.90 billion to $1.92 billion, net income $94 million to $98 million, EPS $3.08 to $3.21. Guidance raised.
  - Period: full year 2022
  - Revenue: $1.90 billion to $1.92 billion
  - Net income: $94 million to $98 million
  - EPS: $3.08 to $3.21
  - Guidance: raised
  - Result: guidance update
  source text: Full Year 2022 Guidance: • Revenue of $1.90 billion to $1.92 billion • Net Income of $94 million to $98 million • EPS of $3.08 to $3.21 • EBITDA of $197 million to $205 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423822000087/0000874238-22-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.