earnings
confidence high
sentiment positive
materiality 0.80
Sterling reports record Q4 2024 adjusted EPS $1.46; FY2025 guide $7.90-8.40
STERLING INFRASTRUCTURE, INC.
2024-FY EPS reported
$8.27
revenue$2,115,756,000
- Q4 revenue $498.8M (+3% YoY); adjusted diluted EPS $1.46 (+13%); gross margin 21.4% (up from 18.9%).
- FY2024 adjusted net income $189.9M ($6.10 diluted EPS), above prior guided range.
- E-Infrastructure Solutions Q4 operating margin expanded ~700bps to 24.1%; data center revenue up >50% YoY.
- Backlog $1.69B ($1.83B combined); E-Infrastructure backlog surpassed $1B (+27%).
- FY2025 guidance: revenue $2.00-2.15B, adjusted diluted EPS $7.90-8.40; expects 18% adjusted net income growth.