secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000874238-23-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423823000115/0000874238-23-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423823000115/strl-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000874238-23-000115

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