---
schema_version: "secwatch.filing_event.v1"
accession: "0000874238-23-000103"
form_type: "8-K"
ticker: "STRL"
cik: "0000874238"
company_name: "STERLING INFRASTRUCTURE, INC."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:22:48.324492+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sterling Q2 net income $39.5M ($1.27 EPS) beats; raises FY guidance

## Summary
- Revenue $522.3M (+13.1% YoY); gross margin expanded 230 bps to 17.7%.
- Net income $39.5M, diluted EPS $1.27 (+37% YoY); EBITDA $73.5M (+29%).
- Backlog $1.74B (+23% vs Dec 2022); combined backlog $2.39B (+42%).
- Operating cash flow $181.1M for six months; cash balance $278.1M.
- FY2023 guidance raised: revenue $1.95-2.05B, EPS $4.00-4.20, EBITDA $250-260M.

## SEC filing metadata
- accession: 0000874238-23-000103
- form_type: 8-K
- ticker: STRL
- cik: 0000874238
- company_name: STERLING INFRASTRUCTURE, INC.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874238/000087423823000103/0000874238-23-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423823000103/strl-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-23-000103
- JSON: https://secwatch.observer/filing/0000874238-23-000103.json
- Plain text: https://secwatch.observer/filing/0000874238-23-000103.txt

## Key facts
- Earnings Releases
  STERLING INFRASTRUCTURE, INC. reported second quarter 2023 results: revenue $522.3 million, net income $39.5 million, EPS $1.27 per diluted share. Guidance raised.
  - Period: second quarter 2023
  - Revenue: $522.3 million
  - Net income: $39.5 million
  - EPS: $1.27 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Second Quarter 2023 Results • Revenues of $522.3 million, an increase of 13.1% • Gross margin of 17.7%, an increase from 15.4% • Net Income of $39.5 million, or $1.27 per diluted share, an increase of 40% and 37%, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000103/0000874238-23-000103-index.htm

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