Sterling Construction Company Inc
NASDAQ:STRL

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Sterling Construction Company Inc Logo
Sterling Construction Company Inc
NASDAQ:STRL
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Price: 324.62 USD -0.15% Market Closed
Market Cap: 10B USD

Sterling Construction Company Inc
Investor Relations

Sterling Construction Company, Inc. stands as a formidable player in the construction industry, weaving its operations into the fabric of America’s infrastructure. Founded in 1955, Sterling has meticulously carved its niche by engaging in the construction and reconstruction of transportation, infrastructure, and water containment systems across the United States. The essence of Sterling’s work lies in its ability to transform ambitious blueprints into tangible, high-quality projects that facilitate the nation's transportation networks and urban landscapes. Through meticulous planning and execution, the company undertakes a diverse range of projects, from highway expansions and airport constructions to the intricate development of water and wastewater systems, ensuring they meet the stringent demands of modern infrastructure.

Sterling's revenue model is anchored in large-scale project contracts, predominantly secured through competitive bidding processes. The company’s ability to consistently deliver on time and within budget has strengthened its reputation in the highly competitive construction sector. Sterling generates income by executing projects – often for government agencies and municipal entities – where it reaps profit from efficiently managing labor, equipment, and material costs while maintaining high safety and quality standards. Its strategic acquisitions and joint ventures have enabled Sterling to broaden its service offerings and geographic reach, further positioning itself to capture emerging opportunities in both public and private sectors. As cities and states continue to prioritize infrastructure development, Sterling stands poised to capitalize on these growing investments, leveraging its extensive expertise and robust track record.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Record Q3 Growth: Sterling delivered a strong third quarter with revenue up 32%, driven by 58% growth in E-Infrastructure Solutions.

Margin Expansion: Gross profit margin increased by 280 basis points to 24.7%, and adjusted operating margins in key segments improved significantly.

Raising Guidance: Management raised full-year 2025 guidance for revenue, EPS, and EBITDA, reflecting increased confidence and continued momentum.

Backlog Surge: Backlog reached $2.6 billion, up 64% year-over-year, with combined backlog plus pipeline topping $4 billion, providing robust visibility.

Data Center Strength: Data center market revenue grew over 125% year-over-year, and E-Infrastructure backlog is now heavily weighted to mission-critical projects.

Transportation Upside: Transportation Solutions saw a 10% revenue increase and a 40% jump in adjusted operating profit, with margin improvements expected to continue.

Building Solutions Weakness: Residential demand remains soft, leading to a 1% revenue decline and a 10% drop in operating income for the segment.

Financial Position: The company ended the quarter with $306.4 million in cash and a positive net cash position.

Key Financials
Adjusted Earnings Per Share
$3.48
Adjusted EBITDA
$156M (Q3)
Gross Profit Margin
24.7%
Operating Cash Flow
$84M (Q3), $253.9M (YTD)
Backlog
$2.6B (quarter end)
Combined Backlog
$3.44B
Cash
$306.4M
Debt
$294.6M
Net Cash Position
$11.8M
E-Infrastructure Adjusted Operating Margin
28.4% (legacy site development)
Transportation Solutions Backlog
$733M
Earnings Call Recording
Other Earnings Calls

Management

Mr. Joseph A. Cutillo
CEO, President & Director
No Bio Available
Mr. Mark D. Wolf
General Counsel, Corporate Secretary & Chief Compliance Officer
No Bio Available
Ms. Sharon R. Villaverde
CFO & Chief Accounting Officer
No Bio Available
Mr. Kevan M. Blair
Senior Vice President of Corporate Finance
No Bio Available
Ms. Noelle Christine Dilts C.F.A.
Vice President of Investor Relations & Corporate Strategy
No Bio Available
Mr. Con L. Wadsworth
President of Heavy Civil Segment
No Bio Available
Ms. Jennifer Maxwell
Director of Investor Relations
No Bio Available

Contacts

Address
TEXAS
The Woodlands
1800 Hughes Landing Blvd., Suite 250
Contacts
+12812140800.0
www.strlco.com