The earnings call showed a strong performance by Sterling Infrastructure with significant revenue growth, improved earnings and margins, and a robust backlog. The acquisition of CEC Facilities Group and strong cash position further bolster the company's prospects. However, challenges in the Building Solutions segment and a sequential decline in Transportation backlog present some concerns. Overall, the positive aspects significantly outweigh the lowlights, indicating a strong position and future for the company.

Company Guidance -

Q3 2025

During Sterling Infrastructure's second quarter earnings call, the company provided robust financial guidance for 2025. They increased their revenue projections to between $2.1 billion and $2.15 billion, with net income expected to range from $243 million to $252 million. Additionally, they forecast diluted EPS between $7.87 and $8.13, and adjusted diluted EPS from $9.21 to $9.47, indicating an 8% increase at the midpoint compared to previous guidance. EBITDA is projected to be between $406 million and $421 million, while adjusted EBITDA is anticipated to range from $438 million to $453 million, marking a 6% increase at the midpoint. The company emphasized that these projections do not account for contributions from the pending acquisition of CEC Facilities Group, which is expected to enhance their service offerings and geographic reach. Sterling's strong performance was highlighted by a 21% revenue growth this quarter, driven by significant gains in their E-Infrastructure Solutions and Transportation segments, alongside a 41% increase in adjusted earnings per share to $2.69 and a 35% rise in adjusted EBITDA to $126 million. Their backlog grew by 24% year-over-year to $2 billion, with the E-Infrastructure Solutions segment alone seeing a 44% increase to $1.2 billion. The company remains optimistic about sustained growth in high-margin segments and continues to focus on strategic acquisitions to bolster their capabilities and market position.

Strong Revenue Growth

Sterling Infrastructure reported a 21% revenue growth, with E-Infrastructure Solutions and Transportation segments growing by 29% and 24% respectively.

Increased Earnings and Margins

Adjusted earnings per share grew by 41% to $2.69. Adjusted EBITDA increased by 35% to $126 million, and gross profit margin expanded by 400 basis points to 23.3%.

Record Backlog

Total backlog increased by 24% year-over-year to $2 billion, with E-Infrastructure Solutions backlog rising by 44%.

Positive Guidance Revision

Sterling increased its revenue guidance to $2.1 billion to $2.15 billion, with expected net income of $243 million to $252 million and adjusted EPS of $9.21 to $9.47, representing an 8% increase at the midpoint.

Strategic Acquisition

Sterling announced the acquisition of CEC Facilities Group, which will add electrical and mechanical services, enhancing their E-Infrastructure solutions portfolio.

Strong Cash Position

Operating cash flow for the quarter was $85 million, and the company ended with $699.4 million in cash and a net cash position of $401.2 million.

Sterling Construction (STRL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

STRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	2.76 / -	1.972	―	―	―
Aug 04, 2025	2025 (Q2)	2.25 / 2.69	1.673	60.79% (+1.02)
May 05, 2025	2025 (Q1)	1.45 / 1.63	1.001	62.84% (+0.63)
Feb 25, 2025	2024 (Q4)	1.33 / 1.46	1.3	12.31% (+0.16)
Nov 06, 2024	2024 (Q3)	1.71 / 1.97	1.26	56.51% (+0.71)
Aug 05, 2024	2024 (Q2)	1.42 / 1.67	1.27	31.73% (+0.40)
May 06, 2024	2024 (Q1)	0.66 / 1.00	0.64	56.41% (+0.36)
Feb 26, 2024	2023 (Q4)	1.00 / 1.30	0.66	96.97% (+0.64)
Nov 06, 2023	2023 (Q3)	1.25 / 1.26	0.97	29.90% (+0.29)
Aug 07, 2023	2023 (Q2)	0.93 / 1.27	0.86	47.67% (+0.41)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

STRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$271.74	―	―
May 05, 2025	$166.66	$171.95	+3.17%
Feb 25, 2025	$115.94	$122.16	+5.36%
Nov 06, 2024	$175.42	$174.31	-0.63%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sterling Construction (STRL) report earnings?

Sterling Construction (STRL) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is Sterling Construction (STRL) earnings time?

Sterling Construction (STRL) earnings time is at Nov 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is STRL EPS forecast?

STRL EPS forecast for the fiscal quarter 2025 (Q3) is 2.76.

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