STERLING INFRASTRUCTURE, INC.

Sterling Infrastructure, Inc. announced the acquisition of Stone Ridge Contracting, LLC., a Pocatello, Idaho-based site development contractor. This strategic move expands Sterling's E-Infrastructure Solutions segment into the Pacific Northwest and strengthens its presence in Texas, targeting high-growth sectors such as data centers and industrial infrastructure. Stone Ridge is projected to generate $180 million to $200 million in revenue for full-year 2026 with mid-teen EBITDA margins, and its leadership team will remain with the company.

Sterling Infrastructure, Inc. announced the extension of its Chief Executive Officer, Joseph A. Cutillo's, employment agreement. The agreement, originally set to expire on January 1, 2027, has been extended through December 31, 2027. In connection with this extension, Mr. Cutillo was granted 40,000 restricted stock units, which will vest upon the earlier of his successor's successful onboarding or his continued employment through the new term.

Sterling Infrastructure, Inc. filed a new shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission. This action replaces the company's expired shelf registration statement and provides additional financial flexibility. The company can now opportunistically access capital markets over the next three years, although there is no current intention to offer or sell securities.

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.

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.

Sterling Infrastructure, Inc. announced the release of its 2026 Sustainability Report on April 8, 2026, providing comprehensive Environmental, Social, and Governance (ESG) information to stakeholders. The report outlines the company's commitment to sustainability, reflecting activities and initiatives undertaken since 2020 across its E-Infrastructure, Transportation, and Building Solutions segments. It emphasizes a holistic approach to corporate governance, safety, employee well-being, community support, and environmental protection, aligning with frameworks like SASB and TCFD. The company intends to provide annual updates to this report, with the current data being unaudited.