Sterling Infrastructure raised its full-year forecast October 28 after reporting third-quarter revenue of $1.56 billion, up 127% from a year earlier.
Net income reached $214.9 million, or $6.92 a diluted share, both increasing 133%. Adjusted earnings were $7.58 a share, a supplemental measure that excludes specified items.
The company's E-Infrastructure business generated $1.30 billion in revenue, up 212%. Part of that growth reflects the CEC electrical business, acquired September 1, 2025, contributing a full quarter of revenue in 2026 compared with only a partial quarter a year earlier.
Growth was uneven across the contractor's businesses. Transportation revenue declined 3.1%, while Building Solutions revenue fell 5.4%.
Sterling now projects full-year revenue of $4.63 billion to $4.73 billion and standard accounting earnings of $19.16 to $19.42 a share. Its adjusted earnings forecast is $21.70 to $21.96 a share.
Signed backlog totaled $4.14 billion at September 30. The company's larger $6.14 billion combined backlog includes $2 billion in unsigned awards, so it should not be read as entirely executed contracts.
Sources Sterling Infrastructure third-quarter release furnished with its Form 8-K, October 28, 2026.