Sterling Infrastructure's shares have fallen 15.8% since its second-quarter earnings report, underperforming the S&P 500, despite strong results and raised guidance. The company reported adjusted earnings of $5.80 per share, beating the consensus estimate of $5.20, and revenues of $1.17 billion, up 90.1% year over year and surpassing expectations. Growth was driven by its E-Infrastructure Solutions segment, which accounted for 78% of total revenues and saw revenues jump to $905 million from $310.4 million. Sterling raised its full-year 2026 revenue guidance to $4-$4.15 billion from $3.70-$3.80 billion and adjusted earnings guidance to $19.70-$20.30 per share from $18.40-$19.05. The company also reported a signed backlog of $4.33 billion, up 116% year over year, and repurchased $35.3 million of stock in the first half of the year.
Sterling Infrastructure, Inc.Q2 earnings beat and raised guidance, though shares fell since report
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