# Sterling Raises Outlook After Revenue More Than Doubles

The infrastructure contractor reported $1.56 billion in quarterly sales and $214.9 million in net income.

By Will Langan | 24X7 News
Published: 2026-10-28T23:04:44.010Z
Updated: 2026-10-28T23:04:44.010Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/sterling-infrastructure-third-quarter-results-october-28-2026

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.

## Sources
- Sterling Infrastructure Form 8-K, Exhibit 99.1: https://www.stocktitan.net/sec-filings/STRL/8-k-sterling-infrastructure-inc-reports-material-event-658f22703921.html