Sterling Q3 EPS $1.26, up 25% YoY; raises FY23 EPS guidance to $4.10-$4.23

STERLING INFRASTRUCTURE, INC.

2023-Q3 EPS reported $3.17 revenue$1,486,251,000

Revenue $560.3M (+13.7%); net income $39.4M ($1.26 diluted EPS), up 28% and 25% YoY.
Backlog $2.01B (+42% vs year-end 2022); combined backlog $2.39B (+41%).
Cash from operations $331M YTD; cash & equivalents $409.4M at quarter end.
Raised FY23 diluted EPS guidance to $4.10-$4.23 (from $4.00-$4.20).
E-Infrastructure backlog $891M (+48%); Building Solutions revenue +41% (29% organic); Transportation revenue +23%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STERLING INFRASTRUCTURE, INC. reported third quarter 2023 results: revenue $560.3 million, net income $39.4 million, EPS $1.26 per diluted share.

Period: third quarter 2023
Revenue: $560.3 million
Net income: $39.4 million
EPS: $1.26 per diluted share
Result: reported results

Exact text from the filing

Third Quarter 2023 Results • Revenues of $560.3 million, an increase of 13.7% • Gross margin of 16.4%, an increase from 16.1% • Net Income of $39.4 million, or $1.26 per diluted share, an increase of 28% and 25%, respectively

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STERLING INFRASTRUCTURE, INC. reported full year 2023 results: revenue $1.99 billion to $2.05 billion, net income $128 million to $132 million, EPS $4.10 to $4.23. Guidance raised.

Period: full year 2023
Revenue: $1.99 billion to $2.05 billion
Net income: $128 million to $132 million
EPS: $4.10 to $4.23
Guidance: raised
Result: guidance update

Exact text from the filing

Full Year 2023 Guidance • Revenue of $1.99 billion to $2.05 billion • Net Income of $128 million to $132 million • Diluted EPS of $4.10 to $4.23

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Source: SEC EDGAR

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