CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Sterling Infrastructure Q3 revenue, profit more than doubles, driven by E-Infrastructure growth

By Reuters News


Overview

  • US infrastructure builder's Q3 revenue rose 127%, beating analyst expectations

  • Adjusted Q3 net income and EPS more than doubled year-over-year

  • Company raised full-year 2026 guidance for revenue, adjusted EPS, and adjusted EBITDA


Outlook

  • Sterling raises 2026 revenue guidance to $4.63 bln-$4.73 bln

  • Company now sees 2026 adjusted diluted EPS at $21.70-$21.96

  • Sterling expects 2026 adjusted EBITDA of $970 mln-$981 mln


Result Drivers

  • E-INFRASTRUCTURE GROWTH - Revenue surged 212% in E-Infrastructure Solutions, driven by strong site development and electrical operations, per CEO Joe Cutillo

  • CEC ACQUISITION IMPACT - CEC electrical business contributed $425.6 mln in Q3 revenue, with pro forma revenue up 305% year-over-year and improved margins

  • RESOURCE REALLOCATION - Transportation Solutions revenue declined 3% as resources shifted to higher-margin E-Infrastructure projects


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.56 bln

$1.19 bln (9 Analysts)

Q3 EBITDA

$320.80 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy."

  • Wall Street's median 12-month price target for Sterling Infrastructure, Inc. is $755.00, about 105.4% above its October 27 closing price of $367.50

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 42 three months ago


Reuters Recommended Reads

  • Oct 28 - GE Vernova Q3 revenue beats estimates on order growth

  • Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook

  • Oct 28 - Specialized equipment maker Terex Q3 sales beat on higher shipment volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.