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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Sterling Infrastructure stock is cheap again after the recent pullback. Sterling Infrastructure is well-positioned to benefit from the AI gold rush. Its E-infra solutions business accounts for over 70% of its operating income, underpinned by its data center focus.

Sterling Infrastructure: Now A Bargain

Sterling Infrastructure stock has rallied 47% since October 2023, outperforming the market since my initial thesis went live. Recent developments show strong revenue growth, operating margin expansion, and raised guidance for FY 2024, indicating bullish signs for investors. Valuation update suggests massive undervaluation with a vast upside potential.

Sterling Infrastructure: Solid Q2 Earnings Back Up My Bullishness

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THE WOODLANDS, Texas , Aug. 8, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced the appointment of Dan Govin as Chief Operating Officer ("COO"). In this role, Dan will be responsible for leading the execution of Sterling's strategic and operational activities.

Sterling Announces Appointment of Dan Govin as Chief Operating Officer

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Sterling delivered a beat-and-raise quarter. Management has deftly pivoted to higher-margin markets amid a macro slowdown.

Why Sterling Infrastructure Rallied on Tuesday

Start Time: 09:00 January 1, 0000 9:40 AM ET Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q2 2024 Earnings Conference Call August 06, 2024, 09:00 AM ET Company Participants Joe Cutillo - CEO Sharon Villaverde - CFO Noelle Dilts - VP, IR and Corporate Strategy Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Julio Romero - Sidoti Operator Good morning, ladies and gentlemen, and welcome to the Sterling Infrastructure Second Quarter 2024 Conference Call and Webcast.

Sterling Infrastructure, Inc. (STRL) Q2 2024 Earnings Call Transcript

Sterling Infrastructure (STRL) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.27 per share a year ago.

Sterling Infrastructure (STRL) Tops Q2 Earnings and Revenue Estimates

THE WOODLANDS, Texas , Aug. 5, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or the "Company") today announced financial results for the second quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted.

Sterling Reports Record Second Quarter 2024 Results and Raises Full Year Guidance

Sterling Infrastructure, Inc. STRL is scheduled to report second-quarter 2024 results on Aug 5, after the closing bell. In the first quarter, Sterling's revenues,  though, missed the Zacks Consensus Estimate by 2.9% but grew 9% year over year despite challenging weather.

Pre-Q2 Earnings Review: To Buy or Not to Buy Sterling (STRL)?

Sterling Infrastructure (STRL) closed the most recent trading day at $113.39, moving -1.64% from the previous trading session.

Sterling Infrastructure (STRL) Stock Slides as Market Rises: Facts to Know Before You Trade

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THE WOODLANDS, Texas , July 25, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the second quarter of 2024 on Monday, August 5, 2024, after the stock market closes. Sterling's management will host a conference call on Tuesday, August 6, 2024, at 9:00 am ET/8:00 am CT to discuss the second quarter results, as well as the 2024 outlook.

Sterling Schedules 2024 Second Quarter Release and Conference Call

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Shares of Sterling Infrastructure, Inc. STRL have soared 47.2% year to date (YTD), significantly outpacing the 21% gain in the Zacks Engineering - R and D Services industry. Additionally, STRL's sector has increased 9.9%, while the S&P 500 has risen 16.9% in the same period.

Sterling (STRL) Up 47.2% YTD on Infrastructural Push: What's Next?

Sterling Infrastructure is benefitting from long-term AI tailwinds, with double-digit revenue growth and margin expansion. The company is involved in e-infrastructure, transportation, and building solutions, with a focus on custom solutions for customers. Strong financial performance, growth opportunities in e-infrastructure, and a solid capital allocation framework make Sterling Infrastructure a buy.

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News for Sterling Construction Stock (STRL)