Sterling Construction Company's (STRL) stock soared 8.25% in intraday trading on Tuesday, following the release of its fourth quarter 2024 earnings results and full-year 2025 guidance.

In its Q4 2024 results, Sterling reported:

• Revenue of $498.8 million, up 3% year-over-year
• Net income of $113.2 million, a 182% increase from Q4 2023
• Adjusted EPS of $1.46, up 13% year-over-year
• Adjusted EBITDA of $76.4 million, an 11% increase from the prior year period

For full-year 2025, the company provided upbeat guidance, expecting:

• Revenue between $2.0 billion and $2.15 billion
• Net income in the range of $215 million to $230 million
• Adjusted EPS between $7.90 and $8.40
• Adjusted EBITDA of $395 million to $420 million

Sterling's CEO Joe Cutillo highlighted the company's strong execution and margin expansion initiatives, which drove profitability growth well in excess of revenue growth. He expressed optimism about continuing this trend in 2025, backed by a robust combined backlog of $1.83 billion as of December 31, 2024.

Additionally, Sterling announced two major transportation project awards worth a combined $281 million from the Utah and Colorado Departments of Transportation. These new contract wins further bolster the company's backlog and growth prospects.