---
schema_version: "secwatch.filing_event.v1"
accession: "0000874238-23-000015"
form_type: "8-K"
ticker: "STRL"
cik: "0000874238"
company_name: "STERLING INFRASTRUCTURE, INC."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T23:06:52.860699+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sterling reports record Q4 and FY2022; guides FY2023 revenue $1.9-2.0B

## Summary
- Q4 revenue $448.6M (+26% YoY); net income $20.2M ($0.66 EPS), up 80% and 74% respectively.
- Full-year 2022 net income $96.7M ($3.16 EPS) vs $61.5M ($2.11 EPS) in 2021; revenue +25%.
- E-Infrastructure Solutions segment revenue grew 93% YoY, with 31% organic and 62% from Petillo acquisition.
- FY2023 guidance: revenue $1.9-2.0B, net income $104-110M, EPS $3.33-3.53, EBITDA $220-235M.
- Backlog at Dec 31, 2022 was $1.41B (+7% YoY); combined backlog $1.69B (+25% YoY).

## SEC filing metadata
- accession: 0000874238-23-000015
- form_type: 8-K
- ticker: STRL
- cik: 0000874238
- company_name: STERLING INFRASTRUCTURE, INC.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874238/000087423823000015/0000874238-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423823000015/strl-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-23-000015
- JSON: https://secwatch.observer/filing/0000874238-23-000015.json
- Plain text: https://secwatch.observer/filing/0000874238-23-000015.txt

## Key facts
- Earnings Releases
  STERLING INFRASTRUCTURE, INC. reported three and twelve months ended December 31, 2022 results: revenue $448.6 million, net income $20.2 million, or $0.66 per diluted share. Guidance initiated.
  - Period: three and twelve months ended December 31, 2022
  - Revenue: $448.6 million
  - Net income: $20.2 million, or $0.66 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: guidance. Fourth Quarter 2022 Results (compared with prior year period) (The financial information herein is from continuing operations unless otherwise noted) • Revenues of $448.6 million, an increase of 26% • Gross margin of 15.4%, an increase from 14.8% • Net Income was $20.2 million, or $0.66 per diluted share, an increase of 80% and 74%, respectively • EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000015/0000874238-23-000015-index.htm

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