secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000874238-24-000118
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000118/0000874238-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000118/strl-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000874238-24-000118

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