NASDAQ$STRL
Sterling Infrastructure Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Sterling reported increased revenue and earnings, driven by strength in higher-margin service offerings.
Sterling reported revenue of $498.8 million for Q4 2024, representing a 3% increase over the prior year. Net income increased significantly to $113.2 million, or $3.64 per diluted share, driven by a one-time gain on the deconsolidation of a subsidiary. Adjusted net income was $45.5 million, or $1.46 per diluted share, reflecting a 12% increase. Gross margins improved to 21.4%, and adjusted EBITDA grew 11% to $76.4 million.
- Revenue increased by 3% to $498.8 million.
- Net income rose to $113.2 million, reflecting a 182% increase.
- Adjusted net income increased 12% to $45.5 million.
- Gross margins improved to 21.4%.
Headline financials
Revenue & EPS history
Sterling · Revenue · Quarterly
$499M
Forward guidance
Sterling anticipates strong performance in 2025 with 10% revenue growth and 18% adjusted net income growth.
Tailwinds
- Expecting 10% revenue growth for 2025.
- Anticipates 18% growth in adjusted net income.
- Focus on higher-margin service offerings.
- Strong demand for E-Infrastructure projects.
- Improved gross margins projected to continue.
Headwinds
- Shift away from low-bid heavy highway work may impact revenue.
- Challenges in residential markets like Dallas-Fort Worth.
- Continued impact from acquisition-related expenses.
- High reliance on data center projects.
- Potential slowdown in building solutions revenue.
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 Q4 2024
+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% | — | — |
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