Earnings Releases·Oct 28, 2026, 4:16 PM ET

Sterling Infrastructure — Third Quarter 2026 Earnings Summary

Consolidated revenues surged 127% year-over-year to $1.56 billion, driven by a 212% revenue increase in E-Infrastructure Solutions and the full-quarter contribution from the CEC acquisition, resulting in a 133% year-over-year rise in net income to $214.9 million.
Management raised full-year 2026 guidance across all key metrics, projecting revenue between $4.63 billion and $4.73 billion, net income between $596 million and $604 million, and adjusted EBITDA between $970 million and $981 million.
The company's backlog expanded significantly to a combined total of $6.14 billion (up 78% year-over-year), with mission-critical E-Infrastructure projects representing approximately 95% of the opportunity pipeline.
Strategic capital allocation included $107.3 million in share repurchases over the first nine months and a reduction in long-term debt from $275.9 million to $95.1 million, while Building Solutions revenues declined 5.4% due to persistent housing affordability challenges.