Inferra AI / Company / STRL
Sterling Infrastructure, Inc.
STRL · Industrials
Last earnings Oct 28, 2026
Key results
E-Infrastructure Solutions revenuequarter
58%
E-Infrastructure Solutions Revenue grew 58% over prior year (42% excluding CEC) Work continues to shift toward large, mission-critical projects
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
GAAP operating incomequarter
57%
GAAP operating income grew 57% Transportation Solutions GAAP revenue decline reflects the deconsolidation of the RHB JV, which is no longer included in revenue.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Building Solutions revenuequarter
1%
GAAP operating income grew 31%, reflecting a favorable project mix shift and good execution Building Solutions Revenue declined 1% reflecting the softness in the residential housing markets GAAP operating income declined 12%
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Solutions E-Infrastructure Solutions revenuequarter
58%
Building Solutions E-Infrastructure Solutions Revenue grew 58% over prior year (42% excluding CEC) Work continues to shift toward large, mission-critical projects Adjusted operating margins expanded both year-over-year and sequentially for legacy site development
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
September Transportation Solutions revenuequarter
10%
September Transportation Solutions Revenue grew 10%, as adjusted for RHB ($72.2 million), driven by growth in the Rocky Mountain and Arizona markets Adjusted operating margins expanded 335 bps to reach 15.6% Building Solutions Revenue declined 1% reflecting the challenging conditions in the housing markets Adjusted ope
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Revenuequarter
$72,188
For the three months ended September 30, 2024, RHB had revenue of $72,188 included within Transportation Solutions and Total Revenues.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Revenueytd
$184,599
For the nine months ended September 30, 2024, RHB had revenue of $184,599 included within Transportation Solutions and Total Revenues.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
RHB revenueytd
$184.6 million
(2) Due to the deconsolidation of RHB on December 31, 2024, for comparison purposes, the nine months ended September 30, 2024 excludes $184.6 million of RHB Revenues, $33.2 million of RHB Gross Profit, and $2.8 million of RHB G&A Expense, and replaces $15.2 million of RHB Other Operating Expense with Sterling's portion of Other Operating Income.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Other operating incomequarter
$15.2 million
(2) Due to the deconsolidation of RHB on December 31, 2024, for comparison purposes, the nine months ended September 30, 2024 excludes $184.6 million of RHB Revenues, $33.2 million of RHB Gross Profit, and $2.8 million of RHB G&A Expense, and replaces $15.2 million of RHB Other Operating Expense with Sterling's portion of Other Operating Income.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
AI analysis
Q3 2025 · reported Nov 3, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| E-Infrastructure Solutions revenue | 58% | — | — |
| GAAP operating income | 57% | — | — |
| Building Solutions revenue | 1% | — | — |
| Solutions E-Infrastructure Solutions revenue | 58% | — | — |
| September Transportation Solutions revenue | 10% | — | — |
| Revenue | $72,188 | — | — |
| Other operating income | $15.2 million | — | — |
Guidance · company-stated
Direction: raised
No guidance located in the held release
“CEO Remarks and Outlook We delivered another exceptional quarter, with adjusted net income increasing 119%, adjusted diluted EPS reaching $7.”
Capital allocation
The acquisition of CEC contributed $475 million to signed backlog and $335 million to unsigned awards at September 30, 2025 Sterling | STRL: Third Quarter 2025 12(1) 2018-2020 includes cash and debt from discontinued operations, 2021-3Q25 is continuing operations only.
Share repurchases totaled $4.7 million in the quarter at an average price of $274.37 per share.
Company-stated claims
Historical · increased 118% · eps
“Adjusted Diluted EPS of $7.58 increased 118% YoY and reached a new record.”
EX-99 · Oct 28, 2026Historical · increased 171% · income
“Adjusted operating income increased 171%, with adjusted operating margins of 23%.”
EX-99 · Oct 28, 2026Historical · increased 133% · revenue
“Revenues from Site Development operations increased 133%.”
EX-99 · Oct 28, 2026Historical · increased 305% · revenue
“On a pro forma basis assuming a full quarter of ownership in the third quarter of 2025, CEC revenues increased 305% year-over-year.”
EX-99 · Oct 28, 2026Historical · increased 127% · revenue
“Revenue increased 127%, including 70% organic growth, stated Joe Cutillo, Sterling s Chief Executive Officer.”
EX-99 · Oct 28, 2026Event summary
Additional factors or risks that we currently deem immaterial, that are not presently known to us or that arise in the future could also cause our actual results to differ materially from our expected results
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
The acquisition of CEC contributed $475 million to signed backlog and $335 million to unsigned awards at September 30, 2025 Sterling | STRL: Third Quarter 2025 12(1) 2018-2020 includes cash and debt from discontinued operations, 2021-3Q25 is continuing operations only.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Share repurchases totaled $4.7 million in the quarter at an average price of $274.37 per share.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Strategy & priorities
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about: our business strategy; our financial strategy; our industry outlook; our guidance; our expected margin growth; and our plans, objectives, expectations, forecasts, outlook and intentions.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Sterling | STRL: Third Quarter 2025 Successful strategic foundation with strong, diversified platform Strong, multi-year, secular growth drivers Continued opportunity for margin expansion Robust balance sheet, free cash flow Strong historical stock performance Through high-value service and low execution risk, we are building the infrastructure foundation needed today for tomorrow's way of life We build and service the infrastructure that enables our economy to run, our people to move, and our country to grow.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Noelle Dilts, VP IR and Corporate Strategy Tel: (281) 214-0795 noelle.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
The combination of strong revenue growth and gross margin expansion contributed to adjusted EBITDA growth of 47%.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
From strategy to operations, we are committed to sustainability by operating responsibly to safeguard and improve society s quality of life.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Risks & headwinds
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about: our business strategy; our financial strategy; our industry outlook; our guidance; our expected margin growth; and our plans, objectives, expectations, forecasts, outlook and intentions.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Given these uncertainties, investors are cautioned that many of the assumptions upon which our forward-looking statements are based are likely to change after the date the forward-looking statements are made.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Our residential businesses continued to be impacted by the slowdown in the housing market, as prospective homebuyers are facing affordability challenges.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about the anticipated benefits of the CEC acquisition our business strategy our financial strategy our industry outlook our guidance our expected margin growth and our plans, objectives, expectations, forecasts, outlook and intentions.
SEC original ↗Sterling Infrastructure, Inc. — Earnings release (8-K exhibit)EX-99Nov 3, 2025
Earnings deck slides
0 decks with slide viewSterling Infrastructure, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Sterling Infrastructure, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Sterling Infrastructure, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Sterling Infrastructure, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Sterling Infrastructure, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
44 documents- Q3 2026
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- Q3 2024
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- Q3 2023
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- Q3 2018
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- Q3 2005
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- Q3 2004
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- Q3 2003
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Presentations
5 documents
Transcripts
0 documentsNo transcripts for Sterling Infrastructure, Inc. are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention Sterling Infrastructure, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“d Quarter Results and Raises Full Year 2026 Guidance THE WOODLANDS, TX – August 3, 2026 – Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or … …development business generated 111% revenue growth, reflecting significant growth across all re”
“1 $ 3.62 Diluted $ 5.00 $ 2.31 $ 8.09 $ 3.59 Adjusted net income per share attributable… …STRL $4.08 BILLION 2026 Revenue(2) $903.5 MILLION 2026 Adjusted EBITDA(2) $5.6 BILLION Total Combined Backlog(3) Sterling | STRL: Second Quarter 2026 3 (1) Shar”
“nsion and Expansion of Credit Facility to $1.5 Billion THE WOODLANDS, TX – July 8, 2026 – Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling,"… …provides advanced, large-scale site development services and mission-critical electrical services ”
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