STERLING INFRASTRUCTURE (STRL) delivered strong financial results for the nine months ended September 30, 2025, characterized by high growth in backlog and strategic M&A activity, offset by significant liquidity drawdown.
FINANCIAL PERFORMANCE & GUIDANCE: Nine-month revenues reached \(1.73B, excluding the deconsolidated RHB subsidiary. Gross Margin improved significantly to 23.5%. Nine-month Net Income rose to \)202.6M (\(6.56 diluted EPS), with Q3 diluted EPS hitting \)2.97. G&A expense is projected at 6.3% of revenue for FY 2025. Income Tax Expense increased substantially year-over-year to $73.
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