secwatch.observer — SEC 8-K summary
======================================

Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000874238-23-000103
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423823000103/0000874238-23-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423823000103/strl-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000874238-23-000103

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