Sterling Construction (STRL) Misses Q4 EPS by 2c

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Go back to Sterling Construction (STRL) Misses Q4 EPS by 2c

Sterling Reports Record Fourth Quarter and Full Year 2022 Results

February 27, 2023 4:05 PM EST

Provides 2023 Full Year Guidance

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Infrastructure, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the fourth quarter and full year 2022 and provided full year 2023 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(1)... More