Sterling Infrastructure GAAP EPS of $1.97 beats by $0.29, revenue of $593.74M misses by $14.21M

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2 months ago

Sterling Infrastructure press release (NASDAQ:STRL): Q3 GAAP EPS of $1.97 beats by $0.29.
Revenue of $593.74M (+6.0% Y/Y) misses by $14.21M.
Cash and Cash Equivalents totaled $648.1 million at September 30, 2024
Backlog at September 30, 2024, was $2.06 billion
Combined backlog at September 30, 2024, was $2.37 billion.
2024 Outlook: Revenue of $2.150 billion to $2.175 billion, vs. consensus $2.17B.
Net Income of $180 million to $185 million
Diluted EPS of $5.85 to $6.00 vs. consensus $5.66
EBITDA⁽¹⁾ of $310 million to $315 million.

Tags: STRL