Sterling 2025 Third quarter numbers (11/4/2025):
Overall:
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Revenue grew 32%, fueled by 58% growth in E-Infrastructure Solutions segment, including 42% organic growth. In addition, Transportation segment grew 10% in the quarter. We grew adjusted earnings per share by 58% to $3.48 and delivered adjusted EBITDA of $156 million, an increase of 47%. Our gross profit margins expanded 280 basis points from the prior year to reach 24.7%.
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Our third quarter backlog totaled $2.58 billion, a 64% increase from the prior year second quarter.
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We ended the quarter with a very strong liquidity position consisting of $306.4 million of cash and debt of $294.6 million for a cash net of debt balance of $11.8 million.
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Raised 2025 outlook for adjusted diluted EPS of $10.35 to $10.52
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Raised 2025 outlook for adjusted EBITDA of $486 million to $491 million for 2025
Very strong quarterly result and very positive outlook for the foreseeable future.
Valuation is still reasonable with 30% revenue growth, close to 25% profit margin and pristine balance sheet.
