secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000874238-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/0000874238-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000027/strl-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000874238-24-000027

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