Sterling Infrastructure Inc（STRL）資訊與事件STRLSterling Infrastructure Inc

Sterling Infrastructure Shares Drop 15% to $519.51

Sterling Infrastructure is down -15.0%, or -$91.96 to $519.51.

Company Reports Q2 Revenue of $1.17B, Exceeding Expectations

Reports Q2 revenue $1.17B, consensus $1.02B. "We delivered an outstanding second quarter, with adjusted net income increasing 118% to deliver adjusted diluted EPS of $5.80. Revenue grew 90%, including organic growth of approximately 50%, and strong adjusted EBITDA margins of 22%. Year-to-date operating cash flow generation totaled $328M," stated CEO Joe Cutillo. "These results are a testament to the outstanding execution of our teams across the organization, and we are incredibly proud of their continued performance. Demand across our end markets remains strong, as reflected in robust bidding and award activity during the quarter and continued expansion of our multi-year visibility. We ended the quarter with signed backlog of $4.3B, up 116%, and combined backlog of $5.6B, up 150%. In addition, our pipeline of high-probability future phase work continues to expand and now exceeds $1.4B. Collectively, our signed backlog, unsigned awards, and future phase opportunities provide visibility into a total addressable pool of work of more than $7.0B, an increase of more than $2.5Bb since year-end 2025."

Sees 2026 Revenue of $4.00B-$4.15B

Sees 2026 revenue $4.00B-$4.15B, consensus $3.91B.