earnings
confidence high
sentiment positive
materiality 0.85
Sterling Q2 revenue $1.17B (+90% YoY), EPS $5.00; raises FY2026 guidance
STERLING INFRASTRUCTURE, INC.
- Net income $155.8M ($5.00 diluted EPS) vs $70.8M ($2.31) prior year; adjusted EPS $5.80.
- Adjusted EBITDA $256.7M (+104%); cash from operations $328M YTD; backlog $4.33B (+116%).
- E-Infrastructure Solutions revenue up 192%; Transportation down 20%; Building Solutions down 1%.
- FY2026 guidance raised: revenue $4.00-4.15B, adjusted diluted EPS $19.70-20.30, adjusted EBITDA $891-916M.
- CEO cites strong demand in data centers and mission-critical projects; book-to-burn 1.4x.