STERLING INFRASTRUCTURE, INC.
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 2025
STRL$290.67+15.0%Stored close · as of Nov 9, 2026
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Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | $430,949 | $440,360 |
| Cost of revenues | (336,109) | (363,456) |
| Gross profit | 94,840 | 76,904 |
| General and administrative expense | (34,631) | (27,298) |
| Intangible asset amortization | (4,503) | (4,297) |
| Acquisition related costs | (179) | (36) |
| Earn-out expense | (1,343) | (1,000) |
| Other operating income (expense), net | 1,892 | (2,148) |
| Operating income | 56,076 | 42,125 |
| Interest income | 6,827 | 5,902 |
| Interest expense | (5,232) | (6,664) |
| Income before income taxes | 57,671 | 41,363 |
| Income tax expense | (15,080) | (7,604) |
| Net income, including noncontrolling interests | 42,591 | 33,759 |
| Less: Net income attributable to noncontrolling interests | (3,114) | (2,711) |
| Net income attributable to Sterling common stockholders | $39,477 | $31,048 |
| Net income per share attributable to Sterling common stockholders: | ||
| Basic | $1.29 | $1.00 |
| Diluted | $1.28 | $1.00 |
| Weighted average common shares outstanding: | ||
| Basic | 30,547 | 30,977 |
| Diluted | 30,881 | 31,186 |
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