Quarterly ResultMay 4, 2026, 04:14 PM
Sterling Q1 Revenue +92% to $825.7M; Raises FY26 Guidance
AI Summary
Sterling Infrastructure, Inc. announced record financial results for the first quarter of 2026, with revenues increasing 92% to $825.7 million and diluted EPS rising 141% to $3.09. The company also reported a 107% increase in adjusted EBITDA to $166.6 million. Following these strong results, Sterling raised its full-year 2026 guidance, projecting revenues between $3.70 billion and $3.80 billion and diluted EPS between $16.50 and $17.15. The E-Infrastructure Solutions segment was a significant driver of growth, with revenue up 174%, partly due to the CEC acquisition.
Key Highlights
- Q1 2026 revenue increased 92% to $825.7 million, with organic growth over 55%.
- Q1 2026 diluted EPS was $3.09, a 141% increase year-over-year.
- Q1 2026 adjusted EBITDA grew 107% to $166.6 million, with margins expanding to 20.2%.
- Full year 2026 revenue guidance raised to $3.70 billion to $3.80 billion.
- Full year 2026 diluted EPS guidance raised to $16.50 to $17.15.
- E-Infrastructure Solutions revenue grew 174% to $597.7 million, with adjusted operating income up 177%.
- Transportation Solutions revenue increased 10% to $132.9 million, with adjusted operating income up 26%.
- Signed backlog at March 31, 2026, was $3.80 billion, up 78% from the prior year.