Highest-materiality recent filing
Sterling Q2 revenue $1.17B (+90% YoY), EPS $5.00; raises FY2026 guidance
Net income $155.8M ($5.00 diluted EPS) vs $70.8M ($2.31) prior year; adjusted EPS $5.80.
Sterling Infrastructure General Counsel Mark Wolf to retire later this year
Mark D. Wolf, General Counsel, Chief Compliance Officer and Corporate Secretary, notified intention to retire later this year.
Sterling expands credit facility to $1.5B, extends maturity to July 2031
Borrowing capacity increased by $1.05B to $1.5B revolving credit facility; maturity extended to July 2031.
Sterling closes acquisition of Stone Ridge Contracting; expands into Pacific Northwest
Deal closed June 9, 2026; Stone Ridge joins Sterling's E-Infrastructure Solutions segment.
Sterling extends CEO Cutillo's employment to Dec 31, 2027; grants 40,000 RSUs
Employment term extended from January 1, 2027 through December 31, 2027.
Sterling Infrastructure files new S-3 shelf registration, no current offering plans
Filed new S-3 shelf registration on May 12, 2026 to replace the company's expired shelf.
All eight director nominees elected with For votes ranging from 21.8M to 23.3M; Dwayne A. Wilson had lowest support (21.8M For, 1.6M Against).
Sterling Q1 revenue +92% to $825.7M; adj. EPS $3.59; raises FY2026 guidance
Revenue of $825.7M, up 92% YoY; CEC acquisition contributed $156.1M.
Sterling Infrastructure releases 2026 Sustainability Report; no material financial data disclosed
Filed under Item 7.01; report available on company website.
Sterling Q4 adj EPS $3.08 (+78% YoY); 2026 adj EPS guidance $13.45-$14.05
Q4 adj EPS $3.08, up 78% YoY; revenue $755.6M (+51% GAAP, +69% ex-RHB).
Sterling Infrastructure authorizes new $400M stock repurchase program over 24 months
New repurchase program authorized: up to $400M in common stock over 24 months, replacing prior program (expiring Dec 2025).
Sterling Q3 revenue $689M (+32% ex-RHB), adj. EPS $3.48 (+58%); raises FY guidance
Record Q3: revenue $689M (+32% ex-RHB), net income $92.1M ($2.97 EPS), adjusted EPS $3.48.
Sterling Infrastructure EVP Ronald Ballschmiede retires effective September 24, 2025
Ronald A. Ballschmiede, Executive Vice President, notified retirement from all positions.
Sterling Infrastructure furnishes investor presentation slides, no material updates disclosed
Filed presentation slides as Exhibit 99.1 under Item 7.01 Regulation FD.
Transaction closed September 1, 2025; CEC joins Sterling's E-Infrastructure Solutions segment.
Sterling reports record Q2; revenue up 21% ex-RHB, adj EPS $2.69 +41%; raises FY guidance
Revenue $614.5M (+21% ex-RHB YoY); net income $71.0M ($2.31 diluted EPS), record Q2.
Sterling appoints B. Andrew Rose and David Schulz to Board, effective July 10, 2025
Board expands from 7 to 8 directors; 7 of 8 are independent.
Sterling Infrastructure acquires CEC Facilities for $505M in cash and stock
Total consideration $505M: $450M cash + 285,275 STRL shares valued at $55M; earn-out up to $80M tied to operating income thresholds.
Upfront purchase price $505M ($450M cash + $55M stock); earn-out contingent on 2029 operating income targets.
Sterling appoints Nicholas Grindstaff as CFO effective July 10, 2025
Grindstaff, 62, succeeds Ron Ballschmiede; Ballschmiede remains EVP until retirement to assist transition.
Sterling expands credit facility to $450M, extends maturity to June 2028
$300M term loan plus $150M revolver (up from $75M); maturity extended to June 5, 2028.
Sterling Infrastructure shareholders elect all directors, approve say-on-pay, ratify auditor
All six director nominees elected (Bosway, Cregg, Cutillo, Dill, O'Brien, Wilson) with >95% support.
Sterling Q1 adj EPS $1.63 (+29% YoY); revenue $430.9M (+7%); raises FY25 guidance
Q1 revenue $430.9M (+7% pro forma ex-RHB); gross margin 22.0% vs 17.5% YoY.
Sterling Infrastructure publishes 2025 Sustainability Report titled 'Building Tomorrow Today'
Report highlights ongoing ESG activities, sustainability initiatives, and business practices.
Sterling Infrastructure furnishes investor presentation with no material new information
Company furnished presentation slides under Item 7.01 for use at investor meetings.
Sterling Infrastructure appoints Ronald Ballschmiede as interim CFO; Sharon Villaverde departs
Sharon Villaverde ceased as CFO and CAO effective March 14, 2025, without cause, to pursue other opportunities.
Sterling reports record Q4 2024 adjusted EPS $1.46; FY2025 guide $7.90-8.40
Q4 revenue $498.8M (+3% YoY); adjusted diluted EPS $1.46 (+13%); gross margin 21.4% (up from 18.9%).
Sterling deconsolidates RHB JV; revenue removal of ~$230-240M starting 2025
Amendment executed Dec 31, 2024 changes RHB disposition rights; switches from full consolidation to equity method accounting.
Sterling Infrastructure elects Roger A. Cregg as Chairman; Thomas M. White to retire Jan 1, 2025
Roger A. Cregg elected Chairman effective Jan 1, 2025; he has been a director since 2019.
Chairman Thomas M. White to retire from Sterling Board effective Dec 31, 2024
Thomas M. White notified the Board of his retirement effective December 31, 2024; no disagreement cited.
Sterling Q3 net income up 56% to $1.97 EPS; raises full-year profitability guidance
Revenue $593.7M (+6% YoY); gross margin 21.9% vs 16.4%; diluted EPS $1.97 (+56%).
Filed presentation slides for D.A. Davidson Diversified Industrials & Services Conference on September 19, 2024.
Sterling director Charles R. Patton to retire Sept 1, board reduced to 7
Charles R. Patton notified board of his retirement effective September 1, 2024; served since 2013.
Sterling Infrastructure names Dan Govin COO effective August 5, 2024
Appointed Daniel P. Govin, 52, as COO effective Aug 5, 2024; previously President at Quanta West and PAR Electrical.
Sterling Q2 revenue +12% to $582.8M, EPS $1.67 (+31%), raises full-year guidance
Net income $51.9M, diluted EPS $1.67 (+31% YoY); gross margin record 19.3% vs 17.7%.
Sterling Infrastructure furnishes summer 2024 investor presentation; no new material data disclosed
Company furnished presentation slides for use at investor meetings; content not fully provided in filing.
Sterling appoints Sharon Villaverde as CFO and CAO; Ballschmiede to retire later in 2024
Sharon Villaverde appointed CFO and CAO effective May 13, 2024; Ron Ballschmiede to retire later in 2024.
Sterling shareholders OK doubling stock plan shares to 5.3M; all board nominees elected
Increase of 1.9M shares from 3.4M to 5.3M under the 2018 Stock Incentive Plan approved.
Sterling reports Q1 record net income $31M, diluted EPS $1.00; raises FY guidance
Revenue $440.4M (+9% YoY); gross margin 17.5% up from 15.3%; EBITDA $55.7M (+21%).
Sterling Infrastructure publishes 2024 Sustainability Report 'For Better and Beyond'
2024 Sustainability Report titled 'For Better and Beyond – The Sterling Way' published.
Sterling Q4 net income up 99% to $40.2M; record FY2023 EPS $4.47; guides FY2024 EPS $4.85-5.15
Q4 revenue $486M (+8% YoY), net income $40.2M (+99%), diluted EPS $1.28.
Sterling Infrastructure appoints William Bosway to board, effective March 7, 2024
Board increased to eight directors, seven independent.
Sterling Infrastructure CFO Ronald Ballschmiede plans to retire in 2024
Ronald Ballschmiede, EVP, CFO and CAO, notified company on Feb 12, 2024 of retirement plan.
Sterling amends CEO Cutillo employment: $1M salary, PSUs tied to $100-$140 stock targets
Base salary increased to $1,000,000; annual short-term incentive target set at 115% of salary.
Fifth Amendment to Credit Agreement executed Dec 27, 2023; extends maturity 18 months to April 2, 2026.
Sterling Infrastructure authorizes $200M stock repurchase program over 24 months
Board authorized up to $200M in share repurchases over next 24 months.
Sterling Infrastructure acquires Professional Plumbers Group for $50M cash plus earnout
Purchase price: $50M cash plus earnout contingent on future EBITDA targets.
Sterling Q3 EPS $1.26, up 25% YoY; raises FY23 EPS guidance to $4.10-$4.23
Revenue $560.3M (+13.7%); net income $39.4M ($1.26 diluted EPS), up 28% and 25% YoY.
Sterling Q2 net income $39.5M ($1.27 EPS) beats; raises FY guidance
Revenue $522.3M (+13.1% YoY); gross margin expanded 230 bps to 17.7%.
Sterling Infrastructure posts investor presentation with no new material disclosures
Presentation made available on May 31, 2023 for investor meetings.
On June 10, 2025, the Board of Directors of Sterling Infrastructure, Inc. (the Company) appointed Nicholas Grindstaff, age 62, as its Chief Financial Officer (CFO) and designated him as its principal accounting officer, effective July 10, 2025
As part of the transition, Mr. Ballschmiede will continue as Executive Vice President until his retirement expected in 2025 in order to assist Mr. Grindstaff.
Effective March 14, 2025, the Board of Directors (the “Board”) of Sterling Infrastructure, Inc. (the “Company”) appointed Ronald A. Ballschmiede, the Company’s Executive Vice President and former Chief Financial Officer and Chief Accounting Officer, as the Company’s interim Chief Financial Officer and Chief Accounting Officer.
Upon approval of the Board, Sharon R. Villaverde ceased serving as Chief Financial Officer and Chief Accounting Officer, without cause, on March 14, 2025.
On November 14, 2024, Thomas M. White, the Chairman of the Board of Directors (the "Board") of Sterling Infrastructure, Inc. (the "Company"), notified the Company of his intention to retire from the Board effective December 31, 2024.
On August 26, 2024, Charles R. Patton, a member of the Board of Directors (the “Board”) of Sterling Infrastructure, Inc. (the “Company”), notified the Company of his intention to retire from the Board and as a member of each of the Compensation and Talent Development Committee and the Corporate Governance and Nominating Committee, effective September 1, 2024.
appointed Daniel P. Govin, age 52 as Chief Operating Officer (“COO”) of the Company, effective August 5, 2024
On May 11, 2024, as part of its succession plan for Mr. Ballschmiede’s role, the Company’s Board of Directors appointed Sharon R. Villaverde as CFO and CAO and the Company’s principal financial officer and principal accounting officer, effective May 13, 2024 (the “Effective Date”).
On February 12, 2024, Ronald A. Ballschmiede, Executive Vice President, Chief Financial Officer (“CFO”) and Chief Accounting Officer (“CAO”) and the Company’s principal financial officer and principal accounting officer of Sterling Infrastructure, Inc. (the “Company”), notified the Company of his plan to retire in 2024.
On February 21, 2024, the Board of Directors (the “Board”) of Sterling Infrastructure, Inc. (the “Company”) increased the size of the Board and appointed William T. “Bill” Bosway as a director effective March 7, 2024.
On February 12, 2024, Ronald A. Ballschmiede, Executive Vice President, Chief Financial Officer and Chief Accounting Officer of Sterling Infrastructure, Inc. (the “Company”), notified the Company of his plan to retire in 2024.
On August 31, 2021, the Board of Directors (the “Board”) of Sterling Construction Company, Inc. (the “Company”) elected Julie Dill as a director effective September 1, 2021.
Max materiality 0.85 · Median 0.60 · Most common event leadership