Sterling Infrastructure Q1 2023 Earnings Report

Sterling Infrastructure EPS Results

• Actual EPS: $0.64
• Consensus EPS: $0.56
• Beat/Miss: Beat by +$0.08
• One Year Ago EPS: N/A

Sterling Infrastructure Revenue Results

• Actual Revenue: $403.58 million
• Expected Revenue: $385.45 million
• Beat/Miss: Beat by +$18.13 million
• YoY Revenue Growth: N/A

Sterling Infrastructure Announcement Details

• Quarter: Q1 2023
• Date: 5/1/2023
• Time: N/A

Sterling Infrastructure (NASDAQ:STRL) engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors. The Transportation Solutions segment is involved in the development of infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads. The Building Solutions segment provides residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, other concrete work for developers and general contractors, as well as provides plumbing services for residential builds. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.