---
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"
generated_at: "2026-06-16T05:51:47.305233+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sterling Q1 revenue $403.6M (+10% YoY), EPS $0.64; record backlog $1.62B

## Summary
- 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.

## SEC filing metadata
- 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
- 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/874238/000087423823000062/0000874238-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423823000062/strl-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-23-000062
- JSON: https://secwatch.observer/filing/0000874238-23-000062.json
- Plain text: https://secwatch.observer/filing/0000874238-23-000062.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter 2023
  - Revenue: $403.6 million
  - Net income: $19.6 million
  - EPS: $0.64 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000062/0000874238-23-000062-index.htm

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