---
schema_version: "secwatch.filing_event.v1"
accession: "0000874238-23-000115"
form_type: "8-K"
ticker: "STRL"
cik: "0000874238"
company_name: "STERLING INFRASTRUCTURE, INC."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:42:14.396266+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000874238-23-000115
- form_type: 8-K
- ticker: STRL
- cik: 0000874238
- company_name: STERLING INFRASTRUCTURE, INC.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874238/000087423823000115/0000874238-23-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423823000115/strl-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-23-000115
- JSON: https://secwatch.observer/filing/0000874238-23-000115.json
- Plain text: https://secwatch.observer/filing/0000874238-23-000115.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000115/0000874238-23-000115-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000115/0000874238-23-000115-index.htm

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