Sterling Infrastructure, Inc. (STRL) Financials

NASDAQ:STRL

Market Cap

2.29B

Total Revenue

1.77B

Gross Profit

274.57M

Operating Income

159.87M

Net Income

106.46M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	556,236,000	672,230,000	623,595,000	690,123,000	957,958,000	1,037,667,000	1,126,278,000	1,427,412,000	1,581,766,000	1,769,436,000
costOfRevenue	586,180,000	639,809,000	594,642,000	646,269,000	868,866,000	927,335,000	1,018,484,000	1,236,043,000	1,367,009,000	1,494,869,000
grossProfit	-29,944,000	32,421,000	28,953,000	43,854,000	89,092,000	110,332,000	107,794,000	191,369,000	214,757,000	274,567,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	40,951,000	36,897,000	41,880,000	38,623,000	48,351,000	50,620,000	49,200,000	71,415,000	78,506,000	86,480,000
sellingGeneralAndAdministrativeExpenses	40,951,000	36,897,000	41,880,000	38,623,000	48,351,000	50,620,000	49,200,000	71,415,000	78,506,000	86,480,000
operatingExpenses	39,645,000	36,645,000	43,340,000	48,583,000	62,916,000	67,721,000	65,732,000	95,451,000	103,593,000	113,870,000
operatingIncome	-69,589,000	-4,224,000	-14,387,000	-4,729,000	26,176,000	42,611,000	37,751,000	94,892,000	107,287,000	159,870,000
totalOtherIncomeExpensesNet	522,000	252,000	-240,000	-9,960,000	-755,000	-11,333,000	-23,272,000	-29,517,000	-17,264,000	-19,706,000
ebitda	-70,111,000	14,878,000	-13,927,000	-4,696,000	26,490,000	60,398,000	63,944,000	128,864,000	145,417,000	213,648,000
depreciationAndAmortization	18,650,000	18,348,000	16,529,000	16,048,000	16,994,000	16,770,000	26,193,000	33,972,000	38,130,000	53,778,000
interestIncome	879,000	754,000	460,000	33,000	314,000	1,017,000	1,142,000	161,000	52,000	885,000
interestExpense	616,000	1,123,000	3,012,000	2,628,000	9,800,000	12,350,000	16,686,000	29,377,000	19,348,000	20,591,000
incomeBeforeTax	-68,804,000	-4,593,000	-17,179,000	-7,324,000	15,935,000	31,278,000	14,479,000	65,375,000	90,023,000	140,164,000
incomeTaxExpense	1,222,000	632,000	7,000	88,000	118,000	1,738,000	-26,216,000	22,471,000	24,900,000	41,707,000
netIncome	-73,929,000	-9,781,000	-20,402,000	-9,238,000	11,617,000	25,187,000	39,901,000	42,306,000	62,645,000	106,461,000
eps	-4.44	-0.54	-1.05	-0.4	0.44	0.94	1.5	1.52	2.19	3.53
epsdiluted	-4.44	-0.54	-1.05	-0.4	0.43	0.93	1.47	1.5	2.15	3.48
weightedAverageShsOut	16,635,179	18,064,000	19,375,000	23,140,000	26,274,000	26,903,000	26,671,000	27,859,000	28,600,000	30,199,000
weightedAverageShsOutDil	16,635,179	18,064,000	19,375,000	23,140,000	26,712,000	27,194,000	27,119,000	28,195,000	29,101,000	30,564,000
costAndExpenses	625,825,000	676,454,000	637,982,000	694,852,000	931,782,000	995,056,000	1,084,216,000	1,331,494,000	1,470,602,000	1,608,739,000
otherExpenses	-1,306,000	-252,000	1,460,000	9,960,000	14,565,000	17,101,000	16,532,000	24,036,000	25,087,000	27,390,000

Key Facts

Industry

Engineering & Construction

Sector

Industrials

Headquarters

The Woodlands, TX, US

Website

strlco.com

CEO

Mr. Joseph A. Cutillo

Employees

3200

About the Company

Sterling Infrastructure, Inc. engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads. The company also provides specialty site infrastructure improvement contracting services for blue-chip end users in the e-commerce, data center, distribution center and warehousing, and energy sectors. In addition, it undertakes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for national home builders, regional and custom home builders, and developers and general contractors in commercial markets. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.