NASDAQ$STRL
Sterling Infrastructure Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Sterling reported record results in Q2 2023, driven by strong customer demand and excellent execution. Increased full year 2023 guidance.
Sterling Infrastructure reported strong Q2 2023 results with a 13.1% increase in revenue, a gross margin increase from 15.4% to 17.7%, and a 40% increase in net income. The company also increased its full year guidance.
- Revenues increased by 13.1% to $522.3 million.
- Gross margin increased to 17.7% from 15.4%.
- Net Income increased by 40% to $39.5 million, or $1.27 per diluted share.
- EBITDA increased by 29% to $73.5 million.
Headline financials
Revenue & EPS history
Sterling · Revenue · Quarterly
$522M
Forward guidance
Sterling increased its full year guidance. The mid-point of our guidance ranges would offer an improvement in revenue by 13% and net income by 32% over 2022.
Tailwinds
- Revenue of $1.95 billion to $2.05 billion
- Net Income of $125 million to $131 million
- EPS of $4.00 to $4.20
- EBITDA of $250 million to $260 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+1.8%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+6.6%
Avg return
30 days after
54%
35 / 65 earnings
Positive
+52.2%
Q1 2026
Best reaction
-20.9%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +52.2% | +59.5% | +87.5% | |
| Q4 2025 | -5.4% | -8.7% | -7.7% | |
| Q3 2025 | -2.8% | -3.8% | -15.4% | |
| Q1 2025 | +3.2% | +6.6% | +17.1% | |
| Q4 2024 | +5.4% | +4.9% | +0.2% | |
| Q3 2024 | +10.9% | +23.8% | +24.5% | |
| Q2 2024 | +1.2% | -0.3% | +4.3% | |
| Q1 2024 | +20.6% | +27.4% | +15.2% | |
| Q4 2023 | +22.1% | +27.5% | +30.3% | |
| Q3 2023 | -17.5% | -12.4% | -12.0% | |
| Q2 2023 | +23.9% | +32.4% | +31.3% | |
| Q1 2023 | +9.0% | +15.8% | +24.8% | |
| Q4 2022 | +1.1% | +7.0% | -0.1% | |
| Q3 2022 | +9.8% | +19.3% | +20.2% | |
| Q2 2022 | -3.3% | -1.9% | -1.6% | |
| Q1 2022 | +2.4% | +0.7% | +8.0% | |
| Q4 2021 | -3.1% | -2.2% | -4.1% | |
| Q3 2021 | +3.1% | +9.0% | +4.3% | |
| Q2 2021 | +2.0% | +1.0% | +4.5% | |
| Q1 2021 | +11.4% | +11.2% | +13.0% | |
| Q4 2020 | -17.9% | -11.8% | -3.0% | |
| Q3 2020 | -0.2% | -6.2% | +9.6% | |
| Q2 2020 | +6.1% | +11.5% | +10.7% | |
| Q1 2020 | -5.1% | -7.9% | +16.2% | |
| Q4 2019 | +7.5% | -9.2% | -32.9% | |
| Q3 2019 | -0.1% | -8.0% | -14.2% | |
| Q2 2019 | -9.3% | -9.7% | -8.1% | |
| Q1 2019 | -12.7% | -12.2% | -4.0% | |
| Q4 2018 | -1.6% | -6.1% | -11.8% | |
| Q3 2018 | +1.7% | +8.8% | -3.8% | |
| Q2 2018 | +7.7% | +19.5% | +11.6% | |
| Q1 2018 | +17.8% | +15.3% | +16.8% | |
| Q4 2017 | -4.4% | +6.9% | -5.5% | |
| Q3 2017 | +15.5% | +12.9% | +10.9% | |
| Q2 2017 | -17.9% | -17.3% | -3.3% | |
| Q1 2017 | +7.2% | +12.4% | +6.8% | |
| Q4 2016 | +7.9% | +5.2% | -3.4% | |
| Q3 2016 | -16.0% | -9.9% | +8.5% | |
| Q2 2016 | +1.4% | +6.2% | +10.8% | |
| Q1 2016 | -17.7% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +12.1% | — | — | |
| Q2 2015 | +14.6% | — | — | |
| Q1 2015 | -20.9% | — | — | |
| Q4 2014 | +35.3% | — | — | |
| Q3 2014 | -8.6% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +10.9% | — | — | |
| Q4 2013 | -3.5% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +3.7% | — | — | |
| Q4 2012 | -1.4% | — | — | |
| Q3 2012 | -7.0% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2009 | +4.0% | — | — | |
| Q4 2011 | +4.0% | — | — | |
| Q3 2011 | -7.8% | — | — | |
| Q3 2010 | -7.8% | — | — | |
| Q4 2010 | -9.0% | — | — | |
| Q2 2010 | -9.0% | — | — | |
| Q2 2011 | -9.0% | — | — | |
| Q1 2011 | -4.3% | — | — | |
| Q1 2010 | +8.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro