Sterling Q2 revenue +12% to $582.8M, EPS $1.67 (+31%), raises full-year guidance

STERLING INFRASTRUCTURE, INC.

2024-Q2 EPS reported $2.66 revenue$1,023,182,000

Net income $51.9M, diluted EPS $1.67 (+31% YoY); gross margin record 19.3% vs 17.7%.
Revenue $582.8M (+12%); EBITDA $87.0M (+18%); H1 operating cash flow $170.6M.
Backlog $2.10B; combined backlog $2.45B (+2.2%); high-probability pipeline >$500M.
FY2024 guidance raised: revenue $2.15-2.225B, diluted EPS $5.60-5.75, EBITDA $300-310M.
Data center revenue doubled; E-Infrastructure operating margin 21.4%; $30M share repurchases in Q2.

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