{"schema_version":"secwatch.filing_event.v1","accession":"0000874238-23-000062","form_type":"8-K","ticker":"STRL","cik":"0000874238","company_name":"STERLING INFRASTRUCTURE, INC.","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.504593+00:00","generated_at":"2026-06-16T05:51:47.305233+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sterling Q1 revenue $403.6M (+10% YoY), EPS $0.64; record backlog $1.62B","bullets":["Revenue $403.6M (+10% YoY); net income $19.6M ($0.64 diluted EPS, +8% YoY).","E-Infrastructure Solutions revenue grew 22%; Transportation Solutions op income up 19% despite 4% revenue decline.","Backlog $1.62B, up 15% from Dec 31, 2022; combined backlog $1.75B (incl. unsigned awards).","Full-year 2023 guidance reaffirmed: revenue $1.9-2.0B, EPS $3.33-3.53; management sees trend to high end.","Adjusted EBITDA $46.1M (+13%); cash from ops $49.1M; cash balance $202.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0000874238-23-000062","json":"https://secwatch.observer/filing/0000874238-23-000062.json","markdown":"https://secwatch.observer/filing/0000874238-23-000062.md","text":"https://secwatch.observer/filing/0000874238-23-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874238/000087423823000062/0000874238-23-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874238/000087423823000062/strl-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:51:47.305233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cff86a73061c714ae6d63b1836f3d0c94654f56c","claim":"STERLING INFRASTRUCTURE, INC. reported first quarter 2023 results: revenue $403.6 million, net income $19.6 million, EPS $0.64 per diluted share. Guidance reaffirmed.","evidence_excerpt":"The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. First Quarter 2023 Results • Revenues of $403.6 million, an increase of 10% • Gross margin of 15.3%, an increase from 15.1% • Net Income of $19.6 million, or $0.64 per diluted share, an increase of 11% and 8%, respectively • EBITDA","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874238/000087423823000062/0000874238-23-000062-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$403.6 million"},{"label":"Net income","value":"$19.6 million"},{"label":"EPS","value":"$0.64 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}