secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0000874238-25-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sterling Q1 adj EPS $1.63 (+29% YoY); revenue $430.9M (+7%); raises FY25 guidance
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- Q1 revenue $430.9M (+7% pro forma ex-RHB); gross margin 22.0% vs 17.5% YoY.
- Adjusted diluted EPS $1.63, up 29% YoY; net income $39.5M ($1.28 diluted).
- Backlog $2.13B (+17% YoY like-for-like); book-to-burn 2.2x; data centers >65% of E-Infra backlog.
- Acquired Drake Concrete for $25M cash + earn-out; expected $55M revenue, $6.5M adj EBITDA in 2025.
- Raised FY25 guidance: adj diluted EPS $8.40-8.90, revenue $2.05-2.15B, adj EBITDA $410-432M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423825000065/0000874238-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423825000065/strl-20250505.htm
  HTML page:      https://secwatch.observer/filing/0000874238-25-000065

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