Sterling Construction ( (STRL) ) has released its Q2 earnings. Here is a breakdown of the information Sterling Construction presented to its investors.
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Sterling Infrastructure, Inc., a prominent player in the infrastructure sector, specializes in E-Infrastructure, Transportation, and Building Solutions across the United States, focusing on sustainable and responsible operations.
Sterling Infrastructure has reported record-breaking financial results for the second quarter of 2025, with significant increases in revenue and profitability, prompting the company to raise its full-year guidance.
The company achieved a 21% increase in revenue, reaching $614.5 million, and a gross margin improvement to 23.3%. Net income rose by 37% to $71 million, while adjusted net income and EBITDA saw increases of 39% and 34%, respectively. The backlog grew to $2.01 billion, and the book-to-burn ratio stood at 1.4x. Sterling also announced the acquisition of CEC Facilities Group LLC, which is expected to enhance its service offerings.
Sterling’s strategic focus on high-margin E-Infrastructure Solutions led to a 29% revenue growth in this segment, with significant contributions from data centers and manufacturing projects. Transportation Solutions also saw a 24% revenue increase, while Building Solutions experienced a slight decline due to market conditions. The company’s cash position remains robust, with $699.4 million in cash and cash equivalents.
Looking ahead, Sterling’s management is optimistic about continued growth, projecting a 13% revenue increase for 2025, with adjusted earnings per share and EBITDA expected to grow by 32% and 30%, respectively. The company remains committed to leveraging its strong backlog and strategic acquisitions to drive future success.