secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000874238-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sterling Q3 net income up 56% to $1.97 EPS; raises full-year profitability guidance
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- Revenue $593.7M (+6% YoY); gross margin 21.9% vs 16.4%; diluted EPS $1.97 (+56%).
- E-Infrastructure operating margin 25.8% (up >1100 bps); data center revenue +90%, now >50% of segment backlog.
- Full-year 2024 guidance raised: revenue $2.150-$2.175B; diluted EPS $5.85-$6.00.
- Backlog $2.06B; combined backlog $2.37B including $319.6M unsigned awards.
- Cash from operations $152M in Q3; net cash $326M; $20M share repurchases in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000142/0000874238-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000142/strl-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000874238-24-000142

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