secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000874238-24-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000076/0000874238-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000076/strl-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000874238-24-000076

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