Sterling Infrastructure raises 2026 outlook

Sterling Infrastructure

04/05/2026 21:25

Overview

US infrastructure contractor's Q1 revenue rose 92% yr/yr, beating analyst expectations

Adjusted EPS for Q1 climbed 120% yr/yr

Company raised full-year 2026 guidance after strong Q1 and expanded backlog

Outlook

Sterling raises 2026 revenue guidance to $3.70 bln-$3.80 bln

Company sees 2026 adjusted diluted EPS of $18.40-$19.05

Sterling expects challenging conditions in Building Solutions segment through 2026

Result Drivers

CEC ACQUISITION - Revenue and backlog growth were boosted by the recently acquired CEC business, which contributed $156 mln to Q1 revenue and $592 mln to backlog

ORGANIC GROWTH - Organic revenue growth exceeded 55% in Q1, with strong performance in the E-Infrastructure Solutions segment and legacy site development business

MISSION-CRITICAL PROJECTS - Growth was supported by new awards in data centers, manufacturing, and semiconductor facilities, with over 90% of E-Infrastructure backlog in these areas

Company press release: ID:nPnbG0gzka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$825.68 mln
$603.58 mln (7 Analysts)
Q1 EBITDA
$155.20 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "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 $490.00, about 8% below its May 1 closing price of $532.67

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 34 three months ago

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.)