05:54 PM EDT, 05/06/2024 (MT Newswires) -- Sterling Infrastructure ( STRL ) reported Q1 net income Monday of $1 per diluted share, up from $0.64 a year earlier.

Two analysts polled by Capital IQ expected $0.82.

Revenue in the quarter ended March 31 rose to $440.4 million from $403.6 million a year earlier. Two analysts surveyed by Capital IQ expected $421.8 million.

The company boosted 2024 EPS guidance of $5 to $5.30 from $4.85 to $5.15. Two analysts in a Capital IQ poll project $4.98.

The company reaffirmed 2024 revenue guidance of $2.13 billion to $2.22 billion. Two analysts expect $2.18 billion.