Sterling Infrastructure, Inc. filings document financial results, operating updates, guidance, Regulation FD materials and governance disclosures for a U.S. infrastructure services company. Recent 8-K reports furnish quarterly and annual earnings releases, conference-call materials, corporate-development slides and sustainability reporting tied to safety, governance, risk management, people and environmental practices.
Proxy materials cover board matters, executive compensation, equity awards, shareholder voting items and related governance disclosures. The filing record also identifies the company's Delaware corporate registration, public reporting status and common stock traded under the STRL symbol.
STERLING INFRASTRUCTURE, INC. Chief Executive Officer Joseph A. Cutillo reported equity compensation activity involving company common stock. He acquired 30,488 shares through a grant classified as a “grant, award, or other acquisition,” with no cash price per share reported for this award.
On the same date, 11,668 shares were disposed of in a transaction coded as a tax-withholding disposition at a price of $455.25 per share, with shares retained by the company to satisfy tax obligations tied to the release of prior performance-based stock units. After these transactions, Cutillo directly owned 490,593 common shares, and 20,754 of these remained subject to sale or transfer restrictions and potential forfeiture under certain conditions.
STERLING INFRASTRUCTURE, INC. General Counsel and Corporate Secretary Mark D. Wolf reported equity compensation activity in company common stock. He acquired 2,996 shares at no cost as shares earned from performance stock units granted in 2023 after meeting performance conditions. To cover related tax withholding, 1,193 shares were retained by the company based on a share value of $455.25, treated as a disposition for tax purposes rather than an open-market sale. After these transactions, he directly owns 30,637 shares of common stock, including 1,505 shares that remain subject to transfer restrictions and potential forfeiture.
Sterling Infrastructure, Inc. outlines a diversified construction and infrastructure business across three segments: E‑Infrastructure, Transportation and Building Solutions, operating mainly in the southern and western U.S.
Backlog was $3.01 billion at December 31, 2025, up from $1.69 billion a year earlier, reflecting strong contracted work, though not all backlog is guaranteed to convert to revenue. The company had approximately 4,400 employees and aggregate market value of non‑affiliate equity of about $6.83 billion based on the June 30, 2025 NASDAQ price.
Sterling completed a major strategic move with the $562 million acquisition of CEC Facilities Group, adding electrical and mechanical capabilities to its E‑Infrastructure segment, and deconsolidated its 50% stake in Road and Highway Builders, which is now accounted for under the equity method. At December 31, 2025, debt under its credit agreement totaled $292.5 million, secured by substantially all assets and subject to financial covenants. The report also details extensive risk factors, including cyclicality in construction markets, reliance on government funding, backlog realization risk, regulatory and environmental exposure, labor availability, and sensitivity to interest rates and material cost inflation.
Sterling Infrastructure reported strong Q4 and full-year 2025 results and raised its outlook for 2026. 2025 revenue reached $2.49 billion, up 17.7% on a GAAP basis and 32.5% excluding the deconsolidated RHB joint venture. Net income attributable to common stockholders was $290.2 million, or $9.38 diluted EPS.
Adjusted net income rose to $336.7 million, with adjusted diluted EPS of $10.88, both up 53% from 2024. Adjusted EBITDA grew to $503.8 million, a 47% increase, and adjusted EBITDA margin exceeded 20%. Backlog at December 31, 2025 was $3.01 billion, up 78%, with combined backlog of $3.31 billion.
Management issued 2026 guidance calling for revenue of $3.05–$3.20 billion, net income of $365–$384 million, adjusted net income of $422–$441 million, and adjusted EBITDA of $626–$659 million. This implies mid‑20% growth in revenue, adjusted EPS, and adjusted EBITDA versus 2025.
Sterling Infrastructure director Dana C. O'Brien reported pre-planned stock sales under a Rule 10b5-1 trading plan. On February 6, 2026, O'Brien sold 1,000 shares of common stock at $390 per share and another 1,000 shares at $400 per share. On February 9, 2026, O'Brien sold an additional 2,000 shares at $410 per share. After these sales, O'Brien beneficially owned 11,498 shares of Sterling Infrastructure common stock, including 751 shares that are restricted and subject to potential forfeiture under certain conditions.
A person named Dana C. O'Brien has filed a Rule 144 notice to sell 2,000 shares of STRL common stock through Fidelity Brokerage Services on the NASDAQ. The filing lists an aggregate market value of $820,000 and an approximate sale date of 02/09/2026.
The 2,000 shares come from restricted stock that vested as compensation, including 647 shares acquired on 05/05/2022 and 1,353 shares acquired on 05/03/2024. The notice also reports that Dana C. O'Brien sold 2,000 STRL common shares on 02/06/2026 for $790,000 in gross proceeds.
Sterling Infrastructure, Inc. filed a Form 144 notice for a proposed sale of common stock. The filing covers 2,000 shares of common stock to be sold through Fidelity Brokerage Services LLC on NASDAQ, with an aggregate market value of $790,000.00. The filing notes that 30,719,373 shares of the issuer’s securities were outstanding.
The 2,000 shares were acquired on 05/03/2024 through restricted stock vesting from the issuer as compensation, with the same date shown for payment. The notice includes the standard representation that the seller does not know of any undisclosed material adverse information about the issuer’s current or prospective operations.
The Vanguard Group reports a significant passive stake in Sterling Infrastructure Inc. common stock. As of an event dated 12/31/2025, Vanguard beneficially owned 2,964,799 shares, representing 9.65 % of the outstanding common stock.
Vanguard reports no sole voting or dispositive power, with 255,379 shares under shared voting power and all 2,964,799 shares under shared dispositive power. The firm states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Sterling Infrastructure.
The filing notes that, following an internal realignment effective January 12, 2026, certain Vanguard subsidiaries or business divisions that have or are deemed to have beneficial ownership will report on a disaggregated basis, while maintaining the same investment strategies previously pursued.
BlackRock, Inc. has reported a significant ownership stake in Sterling Infrastructure, Inc., disclosing beneficial ownership of 3,753,433 shares of common stock, representing 12.2% of the class as of 12/31/2025.
BlackRock reports sole voting power over 3,677,434 shares and sole dispositive power over 3,753,433 shares, with no shared voting or dispositive power. The shares are held by various business units of BlackRock and its affiliates, and various underlying persons have rights to dividends or sale proceeds, but no single person holds more than five percent of the outstanding common shares. BlackRock states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Sterling Infrastructure.
Sterling Infrastructure, Inc. director Wilson Dwayne Andree reported selling 2,860 shares of common stock on January 16, 2026 at a price of $350 per share. The sales were carried out under a pre-arranged Rule 10b5-1 trading plan that he adopted on September 24, 2025. Following this transaction, he beneficially owned 14,749 shares of Sterling Infrastructure common stock, including 751 shares that are subject to sale and transfer restrictions and potential forfeiture under certain circumstances.