Sterling Infrastructure, Inc. (STRL)

Sterling Infrastructure Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,103	1,972	1,769	1,414	1,227	1,126
Revenue Growth (YoY)	8.69%	11.46%	25.10%	15.30%	8.92%	8.54%
Cost of Revenue	1,692	1,635	1,495	1,211	1,047	1,018
Gross Profit	411.2	337.64	274.57	203.53	179.63	107.79
Selling, General & Admin	111.94	98.7	86.48	69.15	64.31	49.2
Other Operating Expenses	23.54	17.04	13.29	12.03	10.25	11.84
Operating Expenses	152.35	130.97	113.87	92.64	85.99	65.73
Operating Income	258.85	206.67	160.7	110.89	93.64	42.06
Interest Expense	-26.27	-29.32	-20.59	-19.31	-29.33	-16.69
Interest & Investment Income	25.61	14.14	0.89	0.05	0.15	1.14
EBT Excluding Unusual Items	258.19	191.49	140.99	91.62	64.46	26.52
Merger & Restructuring Charges	-0.73	-0.87	-0.83	-3.88	-1.03	-4.31
Other Unusual Items	-	-	-	1.06	-0.3	-7.73
Pretax Income	257.46	190.62	140.16	88.81	63.13	14.48
Income Tax Expense	61.3	47.77	41.71	24.87	19.41	-26.22
Earnings From Continuing Operations	196.16	142.85	98.46	63.94	43.72	40.7
Earnings From Discontinued Operations	-	-	9.74	1.19	-0.82	-
Net Income to Company	196.16	142.85	108.2	65.12	42.9	40.7
Minority Interest in Earnings	-11.74	-4.19	-1.74	-2.48	-0.6	-0.79
Net Income	184.42	138.66	106.46	62.65	42.31	39.9
Net Income to Common	184.42	138.66	106.46	62.65	42.31	39.9
Net Income Growth	41.64%	30.24%	69.94%	48.08%	6.03%	58.42%
Shares Outstanding (Basic)	31	31	30	29	28	27
Shares Outstanding (Diluted)	31	31	31	29	28	27
Shares Change (YoY)	0.75%	2.11%	5.03%	3.21%	3.97%	-0.28%
EPS (Basic)	5.98	4.51	3.53	2.19	1.52	1.50
EPS (Diluted)	5.89	4.44	3.48	2.15	1.50	1.47
EPS Growth	40.91%	27.63%	61.74%	43.29%	2.11%	58.06%
Free Cash Flow	389.76	414.21	158.21	112.28	90.03	26.67
Free Cash Flow Per Share	12.45	13.27	5.18	3.86	3.19	0.98
Gross Margin	19.55%	17.12%	15.52%	14.39%	14.64%	9.57%
Operating Margin	12.31%	10.48%	9.08%	7.84%	7.63%	3.73%
Profit Margin	8.77%	7.03%	6.02%	4.43%	3.45%	3.54%
Free Cash Flow Margin	18.53%	21.00%	8.94%	7.94%	7.34%	2.37%
EBITDA	324.27	264.07	212.76	145.09	126.43	62.8
EBITDA Margin	15.42%	13.39%	12.02%	10.26%	10.31%	5.58%
D&A For EBITDA	65.42	57.4	52.07	34.2	32.79	20.74
EBIT	258.85	206.67	160.7	110.89	93.64	42.06
EBIT Margin	12.31%	10.48%	9.08%	7.84%	7.63%	3.73%
Effective Tax Rate	23.81%	25.06%	29.76%	28.01%	30.75%	-

Source: S&P Capital IQ. Standard template. Financial Sources.