{"schema_version":"secwatch.filing_event.v1","accession":"0000874238-24-000076","form_type":"8-K","ticker":"STRL","cik":"0000874238","company_name":"STERLING INFRASTRUCTURE, INC.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.234744+00:00","generated_at":"2026-06-02T22:40:53.526071+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sterling reports Q1 record net income $31M, diluted EPS $1.00; raises FY guidance","bullets":["Revenue $440.4M (+9% YoY); gross margin 17.5% up from 15.3%; EBITDA $55.7M (+21%).","Backlog $2.35B (+45% YoY); awards $642M with 1.8x book-to-burn; strength in data center and aviation.","Full-year 2024 guidance: revenue $2.125-2.215B (unchanged); net income raised to $160-170M, EPS $5.00-$5.30.","Cash from operations $49.6M; cash & equivalents $480.4M; balance sheet strong.","E-Infrastructure operating margins +294bps; Transportation rev +34%; Building Solutions rev +23%."],"urls":{"canonical":"https://secwatch.observer/filing/0000874238-24-000076","json":"https://secwatch.observer/filing/0000874238-24-000076.json","markdown":"https://secwatch.observer/filing/0000874238-24-000076.md","text":"https://secwatch.observer/filing/0000874238-24-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000076/0000874238-24-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000076/strl-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:40:53.526071+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":"8835dbf0d054faeed0344b09ee05ba0e2f34566d","claim":"STERLING INFRASTRUCTURE, INC. reported the three months ended March 31, 2024 results: revenue $440.4 million, net income $31.0 million, or $1.00 per diluted share, EPS $1.00 per diluted share. Guidance raised.","evidence_excerpt":"financial results for the first quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted. First Quarter 2024 Results • Revenues of $440.4 million, an increase of 9% • Gross margin of 17.5%, an increase from 15.3% • Net Income of $31.0 million, or $1.00 per diluted share, an increase of 58% and 56%, respectively • EBITDA","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874238/000087423824000076/0000874238-24-000076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$440.4 million"},{"label":"Net income","value":"$31.0 million, or $1.00 per diluted share"},{"label":"EPS","value":"$1.00 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}