---
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"
generated_at: "2026-06-05T16:11:38.028632+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sterling Q4 net income up 99% to $40.2M; record FY2023 EPS $4.47; guides FY2024 EPS $4.85-5.15

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-24-000027
- JSON: https://secwatch.observer/filing/0000874238-24-000027.json
- Plain text: https://secwatch.observer/filing/0000874238-24-000027.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $486.0 million
  - Net income: $40.2 million
  - EPS: $1.28 per diluted share
  - Guidance: initiated
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/0000874238-24-000027-index.htm
- Earnings Releases
  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.
  - Period: the full year ended December 31, 2023
  - Net income: $138.7 million
  - EPS: $4.44 per diluted share
  - Guidance: initiated
  - Result: preliminary results
  source text: Sterling Reports Record Fourth Quarter and Full Year 2023 Results Provides 2024 Full Year Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/0000874238-24-000027-index.htm

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