{"schema_version":"secwatch.filing_event.v1","accession":"0000874238-24-000027","form_type":"8-K","ticker":"STRL","cik":"0000874238","company_name":"STERLING INFRASTRUCTURE, INC.","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.100650+00:00","generated_at":"2026-06-05T16:11:38.028632+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sterling Q4 net income up 99% to $40.2M; record FY2023 EPS $4.47; guides FY2024 EPS $4.85-5.15","bullets":["Q4 revenue $486M (+8% YoY), net income $40.2M (+99%), diluted EPS $1.28.","Gross margin expanded 350 bps to 18.9%; full-year cash from ops $478.6M.","Backlog at Dec31 $2.07B, up 46% YoY; combined backlog $2.37B, up 40%.","FY2024 guidance: revenue $2.125-2.215B, diluted EPS $4.85-5.15, EBITDA $285-300M.","E-Infrastructure backlog up 35%; Transportation Solutions revenue +39% in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0000874238-24-000027","json":"https://secwatch.observer/filing/0000874238-24-000027.json","markdown":"https://secwatch.observer/filing/0000874238-24-000027.md","text":"https://secwatch.observer/filing/0000874238-24-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/0000874238-24-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/strl-20240226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T16:11:38.028632+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"09cf9fea76419bc087d9ea22164dc34996cbab00","claim":"STERLING INFRASTRUCTURE, INC. reported the fourth quarter ended December 31, 2023 results: revenue $486.0 million, net income $40.2 million, EPS $1.28 per diluted share. Guidance initiated.","evidence_excerpt":"The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. Fourth Quarter 2023 Results • Revenues of $486.0 million, an increase of 8% • Gross margin of 18.9%, an increase from 15.4% • Net Income of $40.2 million, or $1.28 per diluted share, an increase of 99% and 94%, respectively • Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/0000874238-24-000027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$486.0 million"},{"label":"Net income","value":"$40.2 million"},{"label":"EPS","value":"$1.28 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"e186e3010ae536dc3536e1684c36640473ec9fb1","claim":"STERLING INFRASTRUCTURE, INC. reported the full year ended December 31, 2023 results: net income $138.7 million, EPS $4.44 per diluted share. Guidance initiated.","evidence_excerpt":"Sterling Reports Record Fourth Quarter and Full Year 2023 Results Provides 2024 Full Year Guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/0000874238-24-000027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Net income","value":"$138.7 million"},{"label":"EPS","value":"$4.44 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}