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