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Sterling Construction (STRL)
NASDAQ:STRL
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.33Last Year’s EPS
1.3Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 4.04%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call was predominantly positive, highlighting record earnings, strong growth in key segments like E-Infrastructure and Transportation Solutions, and robust cash flow. However, there were some challenges in the Building Solutions segment, particularly in the Dallas market.Company Guidance
During Sterling Infrastructure's Q3 2024 earnings call, the company provided robust financial guidance and performance metrics. Sterling reported earnings per share of $1.97, a notable 56% increase from the previous year, alongside a 22% gross profit margin. The operating income surged over 50% on a 6% revenue growth, reflecting the strategic shift towards higher-margin services. The company's backlog stood at $2.1 billion, a 2% rise from the prior year, with a combined backlog of $2.37 billion. Operating cash flow was strong at $152 million, contributing to a net cash position of $326 million. The E-Infrastructure segment saw revenue growth of 4% and an 89% rise in operating profit, with margins expanding by over 1,100 basis points to 25.8%. The Transportation Solutions segment also performed well, with an 18% revenue increase and a 28% rise in operating profit, as margins expanded to 8.2%. For the full year 2024, Sterling updated its guidance, projecting revenue between $2.15 billion and $2.175 billion, a gross profit margin of 19% to 20%, net income of $180 million to $185 million, and diluted EPS of $5.85 to $6.00, with EBITDA expected to range from $310 million to $315 million.Record Earnings Per Share
Sterling delivered $1.97 of earnings per share, up 56% over the prior year.
Strong Gross Profit Margin
The gross profit margin reached 22%, reflecting a continued focus on attractive, high-return opportunities.
E-Infrastructure Profitability
Operating profit in the E-Infrastructure segment grew 89%, with margins expanding over 1,100 basis points to 25.8%.
Data Center Revenue Growth
Revenue from the data center market increased 90% over the prior year period, now representing over 50% of the E-Infrastructure backlog.
Transportation Solutions Growth
Revenue increased 18% and operating profit grew 28%, with margins expanding by 67 basis points.
Strong Cash Flow
Operating cash flow of $152 million, contributing to a net cash position of $326 million.
Financial Guidance Update
Updating full-year guidance with expected revenue of $2.15 billion to $2.175 billion and EBITDA of $310 million to $315 million.
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STRL Earnings History
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
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STRL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $175.42 | $174.31 | -0.63% |
| Aug 05, 2024 | $102.56 | $106.15 | +3.50% |
| May 06, 2024 | $105.37 | $122.00 | +15.78% |
| Feb 26, 2024 | $89.95 | $106.22 | +18.09% |
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.
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FAQ
When does Sterling Construction (STRL) report earnings?
Sterling Construction (STRL) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Sterling Construction (STRL) earnings time?
Sterling Construction (STRL) earnings time is at Mar 03, 2025, TBA Not 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 2024 (Q4) is 1.33.
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