STERLING INFRASTRUCTURE INC
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
STRL$290.67+15.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $440,360 | $403,579 |
| Cost of revenues | (363,456) | (341,837) |
| Gross profit | 76,904 | 61,742 |
| General and administrative expense | (27,298) | (23,321) |
| Intangible asset amortization | (4,297) | (3,736) |
| Acquisition related costs | (36) | (190) |
| Other operating expense, net | (3,148) | (1,868) |
| Operating income | 42,125 | 32,627 |
| Interest income | 5,902 | 1,974 |
| Interest expense | (6,664) | (7,528) |
| Income before income taxes | 41,363 | 27,073 |
| Income tax expense | (7,604) | (7,033) |
| Net income, including noncontrolling interests | 33,759 | 20,040 |
| Less: Net income attributable to noncontrolling interests | (2,711) | (391) |
| Net income attributable to Sterling common stockholders | $31,048 | $19,649 |
| Net income per share attributable to Sterling common stockholders: | ||
| Basic | $1.00 | $0.64 |
| Diluted | $1.00 | $0.64 |
| Weighted average common shares outstanding: | ||
| Basic | 30,977 | 30,618 |
| Diluted | 31,186 | 30,789 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.