Sterling Infrastructure (NASDAQ: STRL) saw its stock surge 5.55% in after-hours trading on Monday, following the release of its impressive third-quarter 2025 financial results and raised full-year guidance. The company's performance significantly exceeded analyst expectations, driven by strong growth across its business segments.
Sterling reported record Q3 revenue of $689 million, representing a 32% year-over-year increase and beating the analyst consensus estimate of $621.3 million. The company's adjusted earnings per share (EPS) came in at $3.48, surpassing the analyst estimate of $2.81 and marking a significant increase from $2.20 in the same period last year. Gross margin improved to 24.7%, up from 21.9% in the prior year quarter.
In light of these strong results, Sterling raised its full-year 2025 guidance. The company now projects revenue between $2.375 billion and $2.39 billion, up from the previous outlook of $2.1 billion to $2.15 billion. Additionally, Sterling increased its adjusted EPS guidance to a range of $10.35 to $10.52, significantly higher than the previous forecast of $9.21 to $9.47. This new guidance also surpasses analyst expectations of $9.45 EPS for the year. The raised outlook reflects Sterling's strong operational performance, growing backlog, and confidence in its continued growth trajectory across its E-Infrastructure Solutions and Transportation Solutions segments.
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