Overview

* Sterling Q3 revenue grows 32% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 rises 58%, reflecting strong operational performance

* Company raises full-year guidance, citing strong performance and backlog growth

Outlook

* Sterling raises 2025 revenue guidance to $2.375 bln to $2.390 bln

* Company projects full-year adjusted EBITDA of $486 mln to $491 mln

* Sterling expects full-year adjusted EPS of $10.35 to $10.52

Result Drivers

* E-INFRASTRUCTURE GROWTH - Revenue in E-Infrastructure Solutions grew 58%, driven by large, mission-critical projects

* TRANSPORTATION SOLUTIONS - Revenue increased 10% with strong demand in Rocky Mountain and Arizona regions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $689.01 $618.80

Revenue mln mln (4

Analysts

)

Q3 Gross 24.70%

Margin

Q3 $143.10

EBITDA mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Sterling Infrastructure Inc ( STRL ) is $351.50, about 7.5% below its October 31 closing price of $377.90

* The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)