STERLING INFRASTRUCTURE INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 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.
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Statements of Changes in Stockholders’ Equity
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(In thousands)
| Nine Months Ended September 30, 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Additional Paid in Capital · Treasury Stock · Retained Earnings · Total Sterling Stockholders’ Equity · Noncontrolling Interests · Total Stockholders’ Equity | |||||||||
| Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2023 | 30,926 | $309 | $293,570 | — | $— | $325,034 | $618,913 | $4,940 | $623,853 |
| Net income | — | — | — | — | — | 31,048 | 31,048 | 2,711 | 33,759 |
| Stock-based compensation | — | — | 7,248 | — | — | — | 7,248 | — | 7,248 |
| Issuance of stock | 358 | 2 | 370 | — | — | — | 372 | — | 372 |
| Shares withheld for taxes | (124) | — | (13,015) | — | — | — | (13,015) | — | (13,015) |
| Balance at March 31, 2024 | 31,160 | $311 | $288,173 | — | $— | $356,082 | $644,566 | $7,651 | $652,217 |
| Net income | — | — | — | — | — | 51,879 | 51,879 | 2,695 | 54,574 |
| Stock-based compensation | — | — | 4,273 | — | — | — | 4,273 | — | 4,273 |
| Repurchase of common stock | (299) | — | — | 299 | (30,142) | — | (30,142) | — | (30,142) |
| Issuance of stock | 17 | 1 | (1,016) | (13) | 1,385 | — | 370 | — | 370 |
| Shares withheld for taxes | (2) | — | — | 2 | (249) | — | (249) | — | (249) |
| Other | — | — | (29) | — | — | — | (29) | — | (29) |
| Balance at June 30, 2024 | 30,876 | $312 | $291,401 | 288 | $(29,006) | $407,961 | $670,668 | $10,346 | $681,014 |
| Net income | — | — | — | — | — | 61,321 | 61,321 | 4,072 | 65,393 |
| Stock-based compensation | — | — | 4,776 | — | — | — | 4,776 | — | 4,776 |
| Repurchase of common stock | (188) | — | — | 188 | (20,454) | — | (20,454) | — | (20,454) |
| Issuance of stock | 6 | — | (339) | (6) | 703 | — | 364 | — | 364 |
| Shares withheld for taxes | (1) | — | — | 1 | (144) | — | (144) | — | (144) |
| Other | — | — | (7) | — | — | — | (7) | — | (7) |
| Balance at September 30, 2024 | 30,693 | $312 | $295,831 | 471 | $(48,901) | $469,282 | $716,524 | $14,418 | $730,942 |
| Nine Months Ended September 30, 2023 | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · Additional Paid in Capital · Retained Earnings · Total Sterling Stockholders’ Equity · Noncontrolling Interests · Total Stockholders’ Equity | |||||||
| Shares · Amount | |||||||
| Balance at December 31, 2022 | 30,585 | $306 | $287,914 | $186,379 | $474,599 | $3,200 | $477,799 |
| Net income | — | — | — | 19,649 | 19,649 | 391 | 20,040 |
| Stock-based compensation | — | — | 4,486 | — | 4,486 | — | 4,486 |
| Issuance of stock | 316 | 2 | 216 | — | 218 | — | 218 |
| Shares withheld for taxes | (111) | — | (4,288) | — | (4,288) | — | (4,288) |
| Balance at March 31, 2023 | 30,790 | $308 | $288,328 | 206,028 | $494,664 | $3,591 | $498,255 |
| Net income | — | — | — | 39,480 | 39,480 | 750 | 40,230 |
| Stock-based compensation | — | — | 3,270 | — | 3,270 | — | 3,270 |
| Issuance of stock | 27 | — | 199 | — | 199 | — | 199 |
| Shares withheld for taxes | (1) | — | (40) | — | (40) | — | (40) |
| Balance at June 30, 2023 | 30,816 | $308 | $291,757 | 245,508 | $537,573 | $4,341 | $541,914 |
| Net income | — | — | — | 39,353 | 39,353 | 786 | 40,139 |
| Stock-based compensation | — | — | 3,448 | — | 3,448 | — | 3,448 |
| Issuance of stock | 15 | — | 240 | — | 240 | — | 240 |
| Shares withheld for taxes | (3) | — | (251) | — | (251) | — | (251) |
| Other | — | — | (16) | — | (16) | — | (16) |
| Balance at September 30, 2023 | 30,828 | $308 | $295,178 | 284,861 | $580,347 | $5,127 | $585,474 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.