STERLING INFRASTRUCTURE Reports Second Quarter 2023 Earnings Results

August 11, 2023

🌥️Earnings Overview

STERLING INFRASTRUCTURE ($NASDAQ:STRL) released its earnings results for the second quarter of fiscal year 2023 on June 30, 2023. Total revenue increased by 2.3% year-over-year to USD 522.3 million and net income surged 52.1% to USD 39.5 million compared to the same period last year.

Market Price

This increase was driven by strong demand for their products and services, as well as lower operational costs. This was due to their ability to reduce costs and optimize their production process to increase efficiency. With their strong financial performance and cost reductions, this company is well-positioned to continue its growth in the years to come. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Sterling Infrastructure. More…

    Total Revenues Net Income Net Margin
    1.87k 120.38 5.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Sterling Infrastructure. More…

    Operations Investing Financing
    358.25 -75.06 -85.55
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Sterling Infrastructure. More…

    Total Assets Total Liabilities Book Value Per Share
    1.57k 1.03k 17.46
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Sterling Infrastructure are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    11.8% 35.9% 9.9%
    FCF Margin ROE ROA
    15.4% 22.3% 7.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we analyze the financials of STERLING INFRASTRUCTURE, to help our users make informed decisions. Our analysis has given STERLING INFRASTRUCTURE a medium risk rating, which encompasses both the financial and business aspects. We have detected three risk warnings in STERLING INFRASTRUCTURE’s income statement, balance sheet, and cash flow statement. Our registered users can view these risk warnings and get more details about STERLING INFRASTRUCTURE’s risk rating. With this information, our users can make more informed decisions when considering an investment in STERLING INFRASTRUCTURE. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    In the global infrastructure market, there is stiff competition between Sterling Infrastructure Inc and its competitors: MBL Infrastructures Ltd, Granite Construction Inc, PBA Infrastructure Ltd. All these companies are striving to get a greater share of the market by offering innovative and cost-effective solutions.

    – MBL Infrastructures Ltd ($BSE:533152)

    MBL Infrastructures Ltd is an Indian company that is involved in the construction and development of infrastructure projects. The company has a market cap of 2.14B as of 2022 and a Return on Equity of -2.02%. The company’s main focus is on the development of highways, bridges, airports, and other infrastructure projects.

    – Granite Construction Inc ($NYSE:GVA)

    Granite Construction Inc is a construction company that was founded in 1922. The company has a market cap of 1.48B and a ROE of 3.75%. The company is involved in the construction of roads, bridges, tunnels, railways, and other infrastructure.

    – PBA Infrastructure Ltd ($BSE:532676)

    PBA Infrastructure Ltd has a market cap of 161.2M as of 2022, a Return on Equity of 1.6%. The company is involved in the design, construction, and financing of infrastructure projects in Australia. Its projects include highways, bridges, tunnels, airports, and railroads.

    Summary

    STERLING INFRASTRUCTURE recently announced strong financial results for the second quarter of fiscal year 2023. Total revenue increased by 2.3% year-over-year to USD 522.3 million, while net income saw a significant jump of 52.1%, coming in at USD 39.5 million. This is an impressive performance and indicates that STERLING INFRASTRUCTURE is a sound investment opportunity. The company’s positive financial performance suggests strong future growth prospects, making it an attractive investment for those looking to gain exposure to the infrastructure sector.

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