Sterling Construction

Sterling Infrastructure, Inc. engages in the provision of construction solutions. It operates through the following segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions. The Transportation Solutions segment includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems. The E-Infrastructure Solutions projects develop advanced, large-scale site development systems and services for data centers, e-commerce distribution centers, warehousing, transportation, energy, and more. The Building Solutions segment projects include residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work. The company was founded in 1955 and is headquartered in The Woodlands, TX.

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Sterling Construction reports robust earnings, eyes growth in key sectors

Sterling Construction's strong financial performance in 2022 positions it well for continued growth in 2023. With a focus on key segments and strategic acquisitions, the company aims to navigate challenges and capitalize on emerging opportunities.

Sterling Construction posts strong Q1 results, eyes margin improvements

Sterling Construction delivers robust Q1 performance amidst supply chain challenges.
Segment-wise revenue growth and margin improvements highlight operational strengths.
Challenges include margin pressures in Building Solutions and resource reallocation.
Opportunities lie in aviation work surge, higher-margin projects, and backlog expansion.

Sterling Construction reports strong Q2 earnings, eyes growth opportunities

Sterling Construction (STRL) delivered a robust performance in Q2 2023, marked by revenue growth, increased operating income, and strong guidance for the full year.
The company's focus on operational efficiency, technology investments, and diversified revenue streams underpin its growth strategy and value creation for shareholders.
While facing challenges like supply chain disruptions, Sterling Construction remains well-positioned to capitalize on opportunities in the construction sector and drive sustainable growth.
Management's emphasis on financial discipline, debt management, and strategic investments reflects a proactive approach to navigating industry dynamics and delivering long-term shareholder value.

Sterling Construction (STRL) reports robust Q3 earnings and raises full-year guidance

Sterling Construction's Q3 results reflect strong financial performance, operational excellence, and strategic growth initiatives.
The company's increased backlog, revenue growth, and improved earnings guidance position it well for future success and value creation.
With a focus on diverse solutions and market sectors, Sterling Construction is poised to capitalize on growth opportunities and deliver shareholder value.
Robust operating cash flow and solid financial position underscore the company's resilience and ability to navigate market challenges effectively.

Sterling Construction reports robust 2023 growth and optimistic 2024 outlook

Sterling Construction (STRL) delivered strong financial results in Q4 2023 and full year 2023, showcasing growth in adjusted EPS, revenue, and operating cash flow.
While facing challenges in the E-Infrastructure segment, the company's Transportation and Building Solutions segments demonstrated robust performance and growth drivers.
Management's strategic focus on expansion, acquisitions, and operational improvements, coupled with a positive outlook for 2024, underlines Sterling Construction's commitment to sustained success.

Sterling Construction (STRL) reports record Q1 earnings and raises guidance

Sterling Construction's Q1 2024 performance reflects robust financial metrics, strong revenue growth, and increased backlog across its key segments, positioning the company for continued success.
While facing operational challenges in managing the growing backlog and maintaining profitability, Sterling Construction's focus on safety, efficiency, and strategic growth initiatives presents opportunities for sustained performance.
With a positive outlook for 2024 and confidence in achieving higher-end financial targets, Sterling Construction remains well-equipped to navigate industry dynamics and drive value for stakeholders.

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In the closing of the recent trading day, Sterling Infrastructure (STRL) stood at $112.03, denoting a +1.89% change from the preceding trading day.

Sterling Infrastructure (STRL) Increases Despite Market Slip: Here's What You Need to Know

Sterling Infrastructure, Inc. (STRL) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Sterling Infrastructure, Inc. (STRL) is a Solid Choice

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Sterling (STRL) banks on regular contract wins and solid project execution.

Sterling's (STRL) Arm Receives $100M Data Center Project

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THE WOODLANDS, Texas , March 19, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company")  has published its 2024 Sustainability Report titled, For Better and Beyond – The Sterling Way. The report highlights Sterling's ongoing sustainability efforts woven into corporate initiatives and reflects the Company's Environmental, Social and Governance (ESG) related activities and business practices.

Sterling Publishes Its 2024 Sustainability Report

THE WOODLANDS, Texas, March 18, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company")  today announced that Plateau Excavation, a Sterling subsidiary, has been awarded a data center project in the southeastern U.S. with a value of approximately $100 million. The project scope covers 280 acres and includes 125,000 linear feet of underground infrastructure installation.

Sterling Announces Data Center Project Award Valued at Approximately $100 Million

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Sterling Infrastructure (STRL) Is Up 0.16% in One Week: What You Should Know

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THE WOODLANDS, Texas , March 4, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced the appointment of Sharon Villaverde to the role of Vice President of Finance. In this position, Sharon will be responsible for managing Sterling's finance and accounting functions.

Sterling Announces Sharon Villaverde as Vice President of Finance

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Sterling's (STRL) fourth-quarter 2023 results reflect a strong contribution from the Transportation and Building Solutions segments.

Sterling's (STRL) Q4 Earnings Beat, Revenues Lag, Stock Up

Sterling beat on the bottom line despite producing weaker-than-expected revenue. The company is forecasting continued profitability gains in 2024.

Why Sterling Infrastructure Stock Is Up Big Today

Sterling Infrastructure, Inc. (NASDAQ:STRL) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET

Sterling Infrastructure, Inc. (STRL) Q4 2023 Earnings Call Transcript

Sterling Infrastructure (STRL) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.66 per share a year ago.

Sterling Infrastructure (STRL) Tops Q4 Earnings Estimates

Provides 2024 Full Year Guidance THE WOODLANDS, Texas , Feb. 26, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or the "Company") today announced financial results for the fourth quarter and full year 2023 and provided full year 2024 guidance. The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted.

Sterling Reports Record Fourth Quarter and Full Year 2023 Results

THE WOODLANDS, Texas , Feb. 26, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that its Road and Highway Builders, LLC (RHB) subsidiary (50% owned), has been awarded a $155 million contract for runway extension at the Lihue Airport located in Kauai, Hawaii. The award will be included in first quarter 2024 backlog.

News for Sterling Construction Stock (STRL)