Sterling Infrastructure Q1 revenue jumps 92%, net income soars 143% on strong backlog and CEC acquisition

Sterling Infrastructure reported a 92% revenue increase to $825.7 million and a 143% rise in net income to $96 million in Q1 2026, driven by strong organic growth and the recent CEC acquisition. The company's backlog surged 78% to $3.8 billion, with combined backlog up 131% to $5.15 billion, signaling robust future work. CEO Joe Cutillo highlighted strong bid activity and new project awards, raising 2026 guidance for revenue, net income, and earnings per share. This positions Sterling for continued growth and value creation in infrastructure and mission-critical projects.