Quarterly ResultMay 5, 2026, 09:17 AM
Sterling Infrastructure Q1 Revenue +91.6% to $825.7M; EPS $3.09
AI Summary
Sterling Infrastructure, Inc. reported robust financial results for the first quarter ended March 31, 2026, with revenue soaring 91.6% to $825.7 million and net income attributable to common stockholders increasing 143.1% to $96.0 million. Diluted EPS also saw a significant rise of 141.4% to $3.09. The strong performance was notably driven by the E-Infrastructure Solutions segment, which experienced a 173.8% revenue increase, partly due to the CEC acquisition in September 2025, and was supported by a 26.0% growth in total Remaining Performance Obligations.
Key Highlights
- Revenue increased by 91.6% to $825.7 million for the three months ended March 31, 2026.
- Net income attributable to common stockholders rose 143.1% to $96.0 million.
- Diluted EPS grew 141.4% to $3.09 for the quarter.
- Net cash provided by operating activities increased 95.1% to $165.6 million.
- E-Infrastructure Solutions revenue surged 173.8% to $597.7 million.
- Total Remaining Performance Obligations (RPOs) grew 26.0% to $3,795.8 million.
- The company repurchased $12.3 million of common stock during the quarter.
- Gross profit increased by 104.9% to $194.3 million.
Price Impact
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