Sterling Construction (STRL) Tops Q2 EPS by 34c; Raises Outlook

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Go back to Sterling Construction (STRL) Tops Q2 EPS by 34c; Raises Outlook

Sterling Reports Second Quarter 2023 Record Results

August 7, 2023 4:05 PM EDT

Increases 2023 Full Year Guidance

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Infrastructure, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the second quarter 2023.

The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted.

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 EBITDA(1) of $73.5 million, an increase of 29% Cash flows... More