secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000874238-22-000087
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423822000087/0000874238-22-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423822000087/strl-20221031.htm
  HTML page:      https://secwatch.observer/filing/0000874238-22-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer