Sterling Infrastructure (NASDAQ:STRL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$582.8m (up 12% from 2Q 2023).

• Net income: US$51.9m (up 31% from 2Q 2023).

• Profit margin: 8.9% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.68 (up from US$1.28 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sterling Infrastructure Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Sterling Infrastructure's balance sheet and an in-depth analysis of the company's financial position.

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