STRLSterling Infrastructure, Inc.

$13B

Q2 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$522M+13.1% YoY

Gross Profit

$92M17.7% margin

Operating Income

$60M11.5% margin

Net Income

$39M7.6% margin

EPS (Diluted)

$1.27

QoQ Revenue Growth

+29.4%

Cash Flow

Operating Cash Flow

$132M

Free Cash Flow

$107M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.0B

Stockholders' Equity

$538M

Cash & Equivalents

$278M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$522M	$462M	+13.1%
Gross Profit	$92M	$71M	+29.9%
Operating Income	$60M	$44M	+37.0%
Net Income	$39M	$26M	+52.1%

Revenue Segments

E-Infrastructure Solutions Segment

$887M51%

Transportation Solutions Segment

$744M43%

Building Solutions Segment

$105M6%

STRL Q2 2023 Earnings — Sterling Infrastructure, Inc. Revenue & Financial Results | Market Cap Arena