Sterling Reports Record Third Quarter 2024 Results and Raises Full Year Guidance

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announced record financial results for the third quarter 2024, reporting revenues of $593.7 million, a 6% increase, and net income of $61.3 million, or $1.97 per diluted share, a 56% increase. The company also raised its full-year 2024 profitability guidance. Key highlights include a gross margin of 21.9%, EBITDA of $100.8 million, and a backlog of $2.06 billion. The company will host a conference call on November 7, 2024, to discuss these results.

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About Sterling Infrastructure Inc.

Sterling Infrastructure Inc. is a diversified infrastructure services company primarily focused on heavy civil engineering and construction services throughout the United States. This enterprise specializes in the development of transportation and water infrastructure, site development, and remediating hazardous waste sites. With operations encompassing key areas such as highways, bridges, railways, airports, and water containment and treatment facilities, Sterling Infrastructure Inc. plays a crucial role in bolstering the nation's foundational framework. The company's projects often involve collaborations with public sector entities, reflecting its significance in executing large-scale initiatives vital to urban development and environmental sustainability. As a company listed on a major stock exchange, Sterling Infrastructure Inc. is pivotal within the construction and engineering sectors, addressing both commercial and government needs and contributing substantially to economic growth and regional connectivity.