secwatch / observer

STERLING INFRASTRUCTURE, INC. — fact timeline

Source-grounded facts extracted from STERLING INFRASTRUCTURE, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

STRL STERLING INFRASTRUCTURE, INC. JSON
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2026.

“Proposal No. 3: Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2026. For Against Abstain 26,409,641 500,771 21,878”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers.

“Proposal No. 2: Approval, on an advisory basis, of the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 22,928,914 378,371 69,449 3,555,556”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Election of each of the eight director nominees.

“Proposal No. 1: Election of each of the eight director nominees. Name For Against Abstain Broker Non-Votes William T. Bosway 22,914,525 422,190 40,019 3,555,556 Roger A. Cregg 23,266,077 70,336 40,321 3,555,556 Joseph A. Cutillo 23,226,061 110,253 40,420 3,555,556 Julie A. Dill 23,276,589 60,381 39,764 3,555,556 Dana C. O'Brien 22,881,289 450,202 45,243 3,555,556 B. Andrew Rose 23,059,014 272,391 45,329 3,555,556 David S. Schulz 23,285,760 45,495 45,479 3,555,556 Dwayne A. Wilson 21,765,515 1,570,939 40,280 3,555,556”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported Full Year 2026 results: revenue $3.70 billion to $3.80 billion, net income $513 million to $533 million, EPS $16.50 to $17.15. Guidance raised.

“• Revenue of $3.70 billion to $3.80 billion • Net Income of $513 million to $533 million • Diluted EPS of $16.50 to $17.15”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported the three months ended March 31, 2026 results: revenue $825.7 million, net income $96.0 million, EPS $3.09 per diluted share.

“Revenues of $825.7 million increased by 92%. The recently acquired CEC business contributed $156.1 million to revenue in the quarter. • Net income of $96.0 million, or $3.09 per diluted share, increases of 143% and 141% respectively.”

Ronald A. Ballschmiede changed role as Executive Vice President at STERLING INFRASTRUCTURE, INC..

“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.”

Nicholas Grindstaff was appointed as Chief Financial Officer at STERLING INFRASTRUCTURE, INC..

“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”
Debt Financings

STERLING INFRASTRUCTURE, INC. amended revolving credit of up to $150,000,000 with BMO Bank N.A. at base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati maturing June 5, 2028.

“The Amended Credit Agreement increases the existing senior secured first lien revolving credit facility by $75,000,000 to an aggregate principal amount of up to $150,000,000”
Debt Financings

STERLING INFRASTRUCTURE, INC. incurred term loan of $300,000,000 with BMO Bank N.A. at base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati maturing June 5, 2028.

“loans) (the “Revolving Loans”) and provides for the extension of new senior secured first lien term loans by the Lenders to the Borrower in the aggregate principal amount of $300,000,000 (the “Term Loans” and, together with the Revolving Loans, the “Credit Facilities”), which shall be used to, among other things, refinance and prepay existing indebtedness, finance”

Ronald A. Ballschmiede was appointed as interim Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

“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.”

Sharon R. Villaverde departed as Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

“Upon approval of the Board, Sharon R. Villaverde ceased serving as Chief Financial Officer and Chief Accounting Officer, without cause, on March 14, 2025.”

Thomas M. White retired as Chairman of the Board at STERLING INFRASTRUCTURE, INC..

“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.”

Charles R. Patton retired as Director at STERLING INFRASTRUCTURE, INC..

“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.”

Daniel P. Govin was appointed as Chief Operating Officer at STERLING INFRASTRUCTURE, INC..

“appointed Daniel P. Govin, age 52 as Chief Operating Officer (“COO”) of the Company, effective August 5, 2024”

Sharon R. Villaverde was appointed as Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

“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”).”

Ronald A. Ballschmiede departed as Executive Vice President, Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

“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.”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Adoption of the Second Amended and Restated 2018 Stock Incentive Plan at the 2024-05-09 meeting.

“Proposal No. 4 : Adoption of the Second Amended and Restated 2018 Stock Incentive Plan. For Against Abstain Broker Non-Votes 22,665,181 1,150,152 44,556 3,293,074”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2024 at the 2024-05-09 meeting.

“Proposal No. 3 : Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2024. For Against Abstain 26,263,039 870,074 19,850”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2024-05-09 meeting.

“Proposal No. 2 : Approval, on an advisory basis, of the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 23,233,436 557,252 69,201 3,293,074”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Election of each of the eight director nominees: William T. Bosway, Roger A. Cregg, Joseph A. Cutillo, Julie A. Dill, Dana C. O'Brien, Charles R. Patton, Thomas M. White, Dwayne A. Wilson at the 2024-05-09 meeting.

“Bosway 23,166,710 676,914 16,265 3,293,074 Roger A. Cregg 23,710,808 132,730 16,351 3,293,074 Joseph A.”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported the three months ended March 31, 2024 results: revenue $440.4 million, net income $31.0 million, or $1.00 per diluted share, EPS $1.00 per diluted share. Guidance raised.

“financial results for the first quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted. First Quarter 2024 Results • Revenues of $440.4 million, an increase of 9% • Gross margin of 17.5%, an increase from 15.3% • Net Income of $31.0 million, or $1.00 per diluted share, an increase of 58% and 56%, respectively • EBITDA”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported the full year ended December 31, 2023 results: net income $138.7 million, EPS $4.44 per diluted share. Guidance initiated.

“Sterling Reports Record Fourth Quarter and Full Year 2023 Results Provides 2024 Full Year Guidance”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported the fourth quarter ended December 31, 2023 results: revenue $486.0 million, net income $40.2 million, EPS $1.28 per diluted share. Guidance initiated.

“The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. Fourth Quarter 2023 Results • Revenues of $486.0 million, an increase of 8% • Gross margin of 18.9%, an increase from 15.4% • Net Income of $40.2 million, or $1.28 per diluted share, an increase of 99% and 94%, respectively • Adjusted”

William T. Bosway was appointed as Director at STERLING INFRASTRUCTURE, INC..

“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.”

Ronald A. Ballschmiede departed as Executive Vice President, Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

“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.”
Debt Financings

STERLING INFRASTRUCTURE, INC. incurred term loan of $350,000,000 with BMO Bank N.A. maturing April 2, 2026.

“provide for the extension of new senior secured first lien term loans by the Lenders to the Borrower in the aggregate principal amount of $350,000,000 (the "Term Loans"), which shall be used to, among other things, refinance and prepay in full the $347,437,500 aggregate principal amount of term loans outstanding prior to the Amendment”
Material Agreements

STERLING INFRASTRUCTURE, INC. amended Fifth Amendment to Credit Agreement with financial institutions party thereto as lenders and BMO Bank N.A., as administrative agent valued at $350,000,000 (effective 2023-12-27).

“On December 27, 2023, Sterling Infrastructure, Inc. (the “Company”), as borrower, and certain of its subsidiaries, as guarantors (the “Subsidiary Guarantors”), entered into a Fifth Amendment to Credit Agreement (the “Amendment”), dated as of December 27, 2023, with the financial institutions party thereto as lenders (the “Lenders”) and BMO Bank N.A., as administrative agent for the Lenders (the “Agent”), which amends that certain Credit Agreement, dated as of October 2, 2019”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported full year 2023 results: revenue $1.99 billion to $2.05 billion, net income $128 million to $132 million, EPS $4.10 to $4.23. Guidance raised.

“Full Year 2023 Guidance • Revenue of $1.99 billion to $2.05 billion • Net Income of $128 million to $132 million • Diluted EPS of $4.10 to $4.23”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported third quarter 2023 results: revenue $560.3 million, net income $39.4 million, EPS $1.26 per diluted share.

“Third Quarter 2023 Results • Revenues of $560.3 million, an increase of 13.7% • Gross margin of 16.4%, an increase from 16.1% • Net Income of $39.4 million, or $1.26 per diluted share, an increase of 28% and 25%, respectively”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported second quarter 2023 results: revenue $522.3 million, net income $39.5 million, EPS $1.27 per diluted share. Guidance raised.

“Second Quarter 2023 Results • Revenues of $522.3 million, an increase of 13.1% • Gross margin of 17.7%, an increase from 15.4% • Net Income of $39.5 million, or $1.27 per diluted share, an increase of 40% and 37%, respectively”
Governance Changes

STERLING INFRASTRUCTURE, INC.: Increased authorized shares of common stock from 38,000,000 to 58,000,000 by amending paragraph (b) of Section 4.1 of the Certificate of Incorporation (effective 2023-05-03).

“On May 3, 2023, Sterling Infrastructure, Inc. (the “Company”) filed with the Delaware Secretary of State a Certificate of Amendment to amend paragraph (b) of Section 4.1 of the Company's Certificate of Incorporation to increase the number of authorized shares of common stock from 38,000,000 to 58,000,000 (the “Amendment”), as approved by its shareholders at its 2023 Annual Meeting of Shareholders”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2023 at the 2023-05-03 meeting.

“Proposal No. 5 : Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for 2023.”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Approval, on an advisory basis, of the frequency of future advisory votes on the compensation of the Company’s named executive officers at the 2023-05-03 meeting.

“Proposal No. 4 : Approval, on an advisory basis, of the frequency of future advisory votes on the compensation of the Company’s named executive officers.”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2023-05-03 meeting.

“Proposal No. 3 : Approval, on an advisory basis, of the compensation of the Company’s named executive officers.”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Approval of an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock to 58,000,000 shares at the 2023-05-03 meeting.

“Proposal No. 2 : Approval of an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock to 58,000,000 shares.”
Shareholder Votes

STERLING INFRASTRUCTURE, INC. shareholders approved Election of seven director nominees at the 2023-05-03 meeting.

“The Company held its Annual Meeting on May 3, 2023 at its headquarters in The Woodlands, Texas.”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported first quarter 2023 results: revenue $403.6 million, net income $19.6 million, EPS $0.64 per diluted share. Guidance reaffirmed.

“The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. First Quarter 2023 Results • Revenues of $403.6 million, an increase of 10% • Gross margin of 15.3%, an increase from 15.1% • Net Income of $19.6 million, or $0.64 per diluted share, an increase of 11% and 8%, respectively • EBITDA”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported three and twelve months ended December 31, 2022 results: revenue $448.6 million, net income $20.2 million, or $0.66 per diluted share. Guidance initiated.

“guidance. Fourth Quarter 2022 Results (compared with prior year period) (The financial information herein is from continuing operations unless otherwise noted) • Revenues of $448.6 million, an increase of 26% • Gross margin of 15.4%, an increase from 14.8% • Net Income was $20.2 million, or $0.66 per diluted share, an increase of 80% and 74%, respectively • EBITDA”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported full year 2022 results: revenue $1.90 billion to $1.92 billion, net income $94 million to $98 million, EPS $3.08 to $3.21. Guidance raised.

“Full Year 2022 Guidance: • Revenue of $1.90 billion to $1.92 billion • Net Income of $94 million to $98 million • EPS of $3.08 to $3.21 • EBITDA of $197 million to $205 million”
Earnings Releases

STERLING INFRASTRUCTURE, INC. reported the third quarter 2022 results: revenue $556.9 million, net income $29.5 million, EPS $0.97 per diluted share.

“• Total Revenue of $556.9 million, an increase of 20% compared to the third quarter of 2021 • Net Income was $29.5 million, or $0.97 per diluted share, an increase of 40% and 35%, respectively, compared to the third quarter of 2021”

Julie Dill was elected as Director at STERLING INFRASTRUCTURE, INC..

“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.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.