Sterling Infrastructure Inc. Forecasts 2025 Revenue of $130-$138M and Adjusted EPS of $0.22-$0.24 After CEC Acquisition Completion
Reuters
Sep 02
Sterling Infrastructure Inc. Forecasts 2025 Revenue of $130-$138M and Adjusted EPS of $0.22-$0.24 After CEC Acquisition Completion
Sterling Infrastructure Inc. has released its financial outlook for the remainder of calendar year 2025 following the acquisition of CEC Facilities Group. The company forecasts revenue of approximately $130 to $138 million and adjusted diluted earnings per share of approximately $0.22 to $0.24. Additionally, the adjusted EBITDA is expected to be around $17 to $18 million. These projections take into account assumptions such as the impact of lower interest income related to the cash portion of the purchase price and an estimated 26% tax rate, while excluding purchase-accounting related adjustments like amortization of intangibles and depreciation of fixed assets. The acquisition of CEC Facilities Group, a leading specialty electrical and mechanical contractor, is seen as a strategic move to expand Sterling's E-Infrastructure capabilities, particularly in mission-critical electrical contracting. CEO Joe Cutillo expressed enthusiasm about the acquisition, highlighting its role in enhancing project solutions and driving industry innovation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sterling Infrastructure Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000874238-25-000125), on September 02, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.