Every material Form 8-K Sterling Infrastructure filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Sterling Infrastructure reported third quarter 2025 revenue of $689.0 million, up from $593.7 million a year earlier, and net income of $92.1 million, or $2.97 per diluted share, versus $1.97 a year earlier. The company raised its full year 2025 guidance, with diluted EPS now expected at $8.73 to $8.87, and Building Solutions revenue declined 1% in the quarter.
Q3 2025 revenue of $689.0 million versus $593.7 million in Q3 2024; net income of $92.1 million, or $2.97 per diluted share, versus $1.97
Full year 2025 guidance: net income of $270 million to $275 million and diluted EPS of $8.73 to $8.87
Full year 2025 adjusted diluted EPS guidance of $10.35 to $10.52, a non-GAAP measure
Management conference call scheduled for November 4, 2025 at 9:00 a.m. ET
Sterling Infrastructure disclosed that Executive Vice President Ronald A. Ballschmiede plans to retire from all positions with the company and its subsidiaries, effective September 24, 2025. He first notified the company of the plan on September 23, 2025, and the retirement was previously expected in 2025. The filing does not name a successor or describe any financial effect.
Ronald A. Ballschmiede, Executive Vice President, retires from all company and subsidiary positions
Notice of retirement given to the company on September 23, 2025
Retirement effective September 24, 2025; filing does not name a successor
Sterling Infrastructure reported second quarter 2025 revenue of $614.5 million, up 21% excluding the deconsolidated RHB joint venture, and net income of $71.0 million, or $2.31 per diluted share, up 37% and 38%. The company raised its full year 2025 guidance, which excludes any contribution from the pending CEC Facilities Group acquisition.
Q2 net income $71.0 million, or $2.31 per diluted share, up 37% and 38% from the prior year quarter
Adjusted diluted EPS of $2.69, up 41%; adjusted EBITDA of $125.6 million, up 35%
Full year 2025 guidance: revenue of $2.10 billion to $2.15 billion and diluted EPS of $7.87 to $8.13
Building Solutions revenue declined 1%; the company expects soft market conditions to persist in the near term
Sterling Infrastructure, Inc. appointed B. Andrew Rose and David Schulz to its Board of Directors effective July 10, 2025, and increased the Board's size. The filing says the Board is now eight directors, seven of them independent, and each new director receives a pro-rated restricted stock award valued at $111,698.
Rose and Schulz are appointed as directors effective July 10, 2025, and serve until the 2026 annual meeting of shareholders.
Rose joins the Compensation and Talent Development Committee and the Corporate Governance and Nominating Committee; Schulz joins the Compensation and Talent Development Committee and the Audit Committee.
The Board determined Schulz qualifies as an audit committee financial expert under SEC rules.
Each new director receives a pro-rated restricted stock award valued at $111,698.
Sterling Infrastructure and a subsidiary signed an agreement on June 16, 2025, to acquire substantially all assets of CEC Facilities Group, LLC and related entities, for aggregate consideration of $505 million. The deal is expected to close in the third quarter of 2025, subject to regulatory waiting periods and other closing conditions, and it would add a business that provides electrical, mechanical and technological design, construction, installation and maintenance services.
Consideration: $450 million in cash, subject to adjustment, plus 285,275 Sterling common shares valued at $55 million
Up to $80 million in additional earn-out payments, tied to operating income thresholds for periods starting January 1, 2026, and for 2029
Closing requires expiration or termination of the Hart-Scott-Rodino waiting period; the company said it cannot give assurance the deal will close
Shares issued to sellers carry lock-ups of 12 months (25%) and 18 months (remainder)
Sterling Infrastructure appointed Nicholas Grindstaff, 62, as Chief Financial Officer and principal accounting officer, effective July 10, 2025, succeeding Ron Ballschmiede. Grindstaff previously served as CFO of Cinterra and Orbital Infrastructure Group, and held finance roles at Quanta Services. The change in the top finance role and his pay package are the key items for shareholders to note.
Nicholas Grindstaff, 62, becomes CFO effective July 10, 2025, succeeding Ron Ballschmiede
Base salary of $600,000, a $200,000 sign-on bonus, and a one-time grant of 5,000 time-based restricted stock units vesting over three years
Target short-term cash incentive of 75% of base salary and target long-term equity award of 115% of base salary, both pro-rated for 2025
Ballschmiede will remain Executive Vice President until his retirement, expected in 2025, to assist the transition
Sterling Infrastructure entered into an amended and restated credit agreement on June 5, 2025, with BMO Bank N.A. as administrative agent. The amendment extends the facility's maturity to June 5, 2028, expands the revolver by $75 million, and lowers the required quarterly term loan payments and the interest margin. For shareholders, the filing shows added borrowing capacity and more flexible terms, with the company reporting $785 million in cash and cash equivalents as of June 5, 2025.
Amended credit agreement dated June 5, 2025, matures June 5, 2028, and replaces a credit agreement dated October 2, 2019.
As of June 5, 2025, $300 million was outstanding under the term loans and nothing was drawn on the $150 million revolving loans.
Quarterly term loan repayments begin September 30, 2025, at $3.75 million, down from the previous $6.56 million.
The applicable margin rates were reduced by 25 basis points, and the company reported $785 million in cash and cash equivalents as of June 5, 2025.
Sterling Infrastructure reported first quarter 2025 revenue of $430.9 million, up 7% excluding the deconsolidated RHB joint venture, and net income attributable to common stockholders of $39.5 million, or $1.28 per diluted share, up 27% and 28%. The company raised its full year 2025 guidance, citing the quarter's results, backlog and share repurchases, which matters to shareholders because it signals higher expected profit for the year.
Q1 revenue of $430.9 million; up 7% excluding RHB, which was deconsolidated on December 31, 2024
Q1 net income of $39.5 million, or $1.28 per diluted share; adjusted diluted EPS of $1.63, up 29%
Full year 2025 adjusted diluted EPS guidance of $8.40 to $8.90; adjusted EBITDA of $410 million to $432 million
Drake Concrete acquired for $25 million in cash plus a four year earn-out; results call on May 6, 2025 at 9:00 a.m. ET
Sterling Infrastructure appointed Ronald A. Ballschmiede, its Executive Vice President and a former CFO, as interim Chief Financial Officer and Chief Accounting Officer, effective March 14, 2025, after Sharon R. Villaverde ceased serving in those roles without cause on the same day. The company has started a formal search for a permanent CFO, and the filing states that Villaverde's departure is not the result of any issue or disagreement with the company's accounting, financial reporting or internal control over financial reporting.
Ronald A. Ballschmiede was appointed interim CFO and CAO effective March 14, 2025, and previously held the CFO and CAO roles from November 2015 to May 2024.
Sharon R. Villaverde ceased serving as CFO and CAO without cause on March 14, 2025, and is receiving payments and benefits under the company's Senior Executive Incentive Compensation Program, with certain offer letter payments subject to a
The company has initiated a formal search process to identify a permanent Chief Financial Officer.
CEO Joe Cutillo's press release dated March 14, 2025 (Exhibit 99.1) thanked Villaverde and said Ballschmiede can seamlessly resume the CFO role during the transition.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Sterling Infrastructure filing is on SEC EDGAR ↗. 8-K briefs of other companies →