Sterling Infrastructure, Inc.pr Non-GAAP EPS of $1.30 beats by $0.30, revenue of $486M misses by $36.45M

Sterling Infrastructure, Inc.pr press release (NASDAQ:STRL): Q4 Non-GAAP EPS of $1.30 beats by $0.30.
Revenue of $486M (+8.3% Y/Y) misses by $36.45M.
Gross margin of 18.9%, an increase from 15.4%
Net Income of $40.2 million, or $1.28 per diluted share, an increase of 99% and 94%, respectively
EBITDA⁽¹⁾ of $68.4 million, an increase of 37%
Adjusted EBITDA⁽¹⁾ of $68.9 million, an increase of 37%
Cash flows from operations totaled $478.6 million for the twelve months ended December 31, 2023
Cash and Cash Equivalents totaled $471.6 million at December 31, 2023
Backlog at December 31, 2023 was $2.07 billion, an increase of 46% over December 31, 2022
Combined backlog⁽²⁾ at December 31, 2023 was $2.37 billion, an increase of 40% over December 31, 2022
Full Year 2024 Guidance
- Revenue of $2.125 billion to $2.215 billion
- Net Income of $155 million to $165 million
- Diluted EPS of $4.85 to $5.15
- EBITDA⁽¹⁾ of $285 million to $300 million

Tags: STRL