---
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"
generated_at: "2026-06-02T22:40:53.526071+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sterling reports Q1 record net income $31M, diluted EPS $1.00; raises FY guidance

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-24-000076
- JSON: https://secwatch.observer/filing/0000874238-24-000076.json
- Plain text: https://secwatch.observer/filing/0000874238-24-000076.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended March 31, 2024
  - Revenue: $440.4 million
  - Net income: $31.0 million, or $1.00 per diluted share
  - EPS: $1.00 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874238/000087423824000076/0000874238-24-000076-index.htm

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