
• Reported GAAP EPS of $3.13 up 142.64% YoY • Reported revenue of $825.67M up 91.59% YoY • Sterling raised its full year 2026 guidance, expecting adjusted diluted EPS of $18.40 to $19.05, adjusted net income of $572M to $592M, and adjusted EBITDA of $843M to $873M.
Bullish
Sterling achieved robust Q1 2026 financial growth, with 92% revenue increase and 131% combined backlog expansion to $5.15B, driven by strategic wins in mission-critical infrastructure.
Bearish
Sterling experienced market headwinds in Building Solutions with declining adjusted operating income, coupled with increased acquisition-related and earn-out expenses, and a year-over-year decrease in cash and cash equivalents.