Sterling Infrastructure Q3 Adjusted Earnings, Revenue Rise; 2026 Guidance Raised
MT Newswires Live04:31
Sterling Infrastructure (STRL) reported Q3 adjusted earnings late Wednesday of $7.58 per diluted share, up from $3.48 a year earlier.
Analysts polled by FactSet expected $6.20.
Revenue for the three months ended Sept. 30 rose to $1.56 billion from $689 million a year earlier.
Analysts projected $1.19 billion.
The company boosted full-year guidance to adjusted EPS of $21.70 to $21.96 on revenue of $4.63 billion to $4.73 billion. The previous outlook was for EPS of $19.70 to $20.30 on revenue of $4 billion to $4.15 billion.
Analysts project EPS of $20.02 on revenue of $4.11 billion.
Sterling shares rose 2.2% in after-hours trading.
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