Sterling Infrastructure Files Year-End 8-K

TL;DR

Sterling Infrastructure (STRL) filed its 8-K for 2024 year-end, including financials. Check it out.

AI Summary

Sterling Infrastructure, Inc. filed an 8-K on January 7, 2025, reporting events as of December 31, 2024. The filing includes financial statements and exhibits, indicating a year-end reporting period. The company, formerly Sterling Construction Co Inc, is incorporated in Delaware and headquartered in The Woodlands, Texas.

Why It Matters

This 8-K filing provides updated financial information and exhibits for Sterling Infrastructure, Inc., crucial for investors to assess the company's year-end financial health and operational status.

Risk Assessment

Risk Level: low — This filing is a routine 8-K for year-end financial reporting and does not appear to contain any material adverse events.

Key Players & Entities

• STERLING INFRASTRUCTURE, INC. (company) — Registrant
• December 31, 2024 (date) — Reporting period end date
• January 7, 2025 (date) — Filing date
• STERLING CONSTRUCTION CO INC (company) — Former company name
• The Woodlands, Texas (location) — Company headquarters

FAQ

Key Financial Figures

• $0.01 — ection 12(b) of the Act: Common Stock, $0.01 par value per share STRL The NASDAQ Sto

Filing Documents

• strl-20241231.htm (8-K) — 32KB
• a20250107ex991pressrelease.htm (EX-99.1) — 11KB
• sterlinginfrainclogo_4ca.jpg (GRAPHIC) — 852KB
• strl-20241231_g1.jpg (GRAPHIC) — 852KB
• 0000874238-25-000018.txt ( ) — 3274KB
• strl-20241231.xsd (EX-101.SCH) — 2KB
• strl-20241231_lab.xml (EX-101.LAB) — 21KB
• strl-20241231_pre.xml (EX-101.PRE) — 12KB
• strl-20241231_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Since 2012, Sterling Infrastructure, Inc. ("Sterling") has held a 50% ownership interest in Road and Highway Builders, LLC ("RHB"), with Rich Buenting holding the remaining 50% ownership interest. On December 31, 2024, both parties executed an amendment to the RHB operating agreement to ensure the continuation of this mutually beneficial relationship while addressing the evolving needs and interest of both parties. This amendment modified the way RHB would be dispositioned in the event of the death or disability of Mr. Buenting and provides that in such event, Sterling and Mr. Buenting's estate must agree with one of four alternatives: (1) continuation of the existing ownership structure; (2) acquisition of Sterling's 50% interest by Mr. Buenting's estate at fair value; (3) acquisition of Mr. Buenting's 50% interest by Sterling at fair value; or (4) the joint sale of RHB to a third party at fair market value. Further, the amendment changes the way that RHB results are reported under Generally Accepted Accounting Principles, but does not change RHB's historical or future contribution to Sterling's consolidated net income. On January 7, 2025, Sterling issued a press release announcing the amended agreement. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release, dated January 7, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STERLING INFRASTRUCTURE, INC. Date: January 7, 2025 By: /s/ Sharon R. Villaverde Sharon R. Villaverde Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR