Highest-materiality recent filing
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 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 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.
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 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 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 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 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%).
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 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 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 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 CFO Ronald Ballschmiede plans to retire in 2024
Ronald Ballschmiede, EVP, CFO and CAO, notified company on Feb 12, 2024 of retirement plan.
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%.
Shareholders approved amendment to increase authorized common stock from 38M to 58M shares on May 3, 2023 (25.07M for, 1.77M against).
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