secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000874238-23-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423823000015/0000874238-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423823000015/strl-20230227.htm
  HTML page:      https://secwatch.observer/filing/0000874238-23-000015

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