Sterling Infrastructure Q4 Revenue of $755.6M Tops Estimates, EPS $3.08
Sterling Infrastructure’s Q4 adjusted EPS of $3.08 topped estimates by 15.8% and revenues reached $755.6 million, 16.4% above consensus and up 51.5% year over year. Record fourth-quarter gross margin expanded by 30 basis points to 21.7%, with adjusted EBITDA climbing 70% to $142.1 million.
1. Q4 Financial Results
Sterling Infrastructure delivered adjusted EPS of $3.08 versus a consensus of $2.66 and generated revenues of $755.6 million, beating estimates by 15.8% and 16.4% respectively. Adjusted EBITDA rose 70% to $142.1 million while gross margin reached a record 21.7%, up 30 basis points year over year.
2. Segment Performance
The E-Infrastructure segment reported revenues of $521 million and adjusted operating income of $115.4 million, both more than double prior-year levels. Transportation Solutions yielded $152.7 million in sales and $18.6 million in operating income, while Building Solutions faced a 9.1% revenue decline to $81.9 million with operating income down 35.7% to $8.1 million.
3. Liquidity And Outlook
Cash and equivalents stood at $390.7 million against long-term debt of $275.9 million at year end. For 2026, the company projects revenues of $3.05–3.20 billion, adjusted net income of $422–441 million, EPS of $13.45–14.05 and EBITDA of $626–659 million.