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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sterling topped first-quarter estimates and raised full-year guidance. The company is a good back-door way to gain exposure to a number of megatrends, including AI, e-commerce, and infrastructure renewal.

Why Sterling Infrastructure Shares Are Soaring Today

Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Noelle Dilts - Vice President, Investor Relations and Corporate Strategy Joe Cutillo - Chief Executive Officer Ron Ballschmiede - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Operator Good morning, ladies and gentlemen.

Sterling Infrastructure, Inc. (STRL) Q1 2024 Earnings Call Transcript

Sterling Infrastructure (STRL) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.64 per share a year ago.

Sterling Infrastructure (STRL) Beats Q1 Earnings Estimates

THE WOODLANDS, Texas , May 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or the "Company") today announced financial results for the first quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted.

Sterling Reports Record First Quarter 2024 Results

Comfort Systems USA

Vistra Energy

Investors are constantly searching for promising stocks to buy, those hidden gems offering potential for significant returns. Such stocks represent an opportunity for substantial growth and can potentially double in value.

Winners Circle: 3 Promising Stocks to Buy With 100% Upside

Sterling's (STRL) first-quarter 2024 results are likely to benefit from solid contributions from its reportable segments along with a strong pipeline of projects.

Sterling (STRL) to Report Q1 Earnings: Here's What to Expect

Sterling Infrastructure (STRL) closed the most recent trading day at $105.75, moving -0.13% from the previous trading session.

Sterling Infrastructure (STRL) Stock Drops Despite Market Gains: Important Facts to Note

Sterling Infrastructure has been a hot small-cap in the last year as its bets on next-gen infrastructure construction start to pay off. The company is sitting on more data center construction growth in 2024.

This Secret Data Center Stock Is Up 180% in a Year. Is It Too Late to Buy?

JD.com

Pinduoduo Inc - ADR

JD, STRL and PDD made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 26, 2024.

Best Growth Stocks to Buy for April 26th

Mind Medicine MindMed

Titan Machinery

Higher interest rates, pricier debt and an overemphasis on mega-caps over the past year mean that top small-cap stocks have played second fiddle to big-name giants like Nvidia (NASDAQ: NVDA ). But tides seem to be turning as investors increasingly seek diversification away from a handful of high-multiple tech stocks and toward a more diverse array of product types, operational structures and size — all of which small-cap stocks have in spades.

The Top 3 Small-Cap Stocks to Buy in April 2024

THE WOODLANDS, Texas , April 25, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the first quarter of 2024 on Monday, May 6, 2024, after the stock market closes. Sterling's management will host a conference call on Tuesday, May 7, 2024, at 9:00 am ET/8:00 am CT to discuss the first quarter results, as well as the 2024 outlook.

Sterling Schedules 2024 First Quarter Release and Conference Call

California Water Service Group

iShares MSCI USA ESG Optimized ETF

Procure Disaster Recovery ETF

KraneShares Global Carbon ETF

Microsoft

NEXTracker Inc

Invesco Water Resources ETF

Invesco Solar ETF

Rising global warming and its adverse impact on Earth makes it important for investors to be socially responsive while creating their investment portfolio. While these stocks and ETFs should gain, rising natural disasters should also boost businesses of disaster recovery stocks.

Protect Our Earth With 5 ETF & Stock Investing Strategies (Revised)

JD, STRL and PDD made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 24, 2024.

Best Growth Stocks to Buy for April 24th

QUALCOMM

Investors seeking stocks for outsized returns need to look for companies with exceptional growth potential and the ability to disrupt their industries. While the success of any investment is never guaranteed, careful analysis can reveal hidden gems with the potential to outperform.

3 Promising Stocks Poised to Deliver Outsized Returns in 2024

Viant Technology

SYNNEX

The economy is recovering after the rate hike's turbulent effects. Sharp investors are looking for opportunities to profit from this turnaround.

3 Stocks That Will Shine in the Coming Economic Recovery

The stocks we screen for are also momentum names trading near 52-week highs that might be worth buying to close out April.

How to Buy Top-Ranked Momentum Stocks Heading into May

In the most recent trading session, Sterling Infrastructure (STRL) closed at $96.30, indicating a -0.27% shift from the previous trading day.

Sterling Infrastructure (STRL) Stock Sinks As Market Gains: Here's Why

Protect Our Earth With 5 ETF & Stock Investing Strategies

Allison Transmission Hlds

Ecolab

Oshkosh

Global warming has been wreaking havoc on earth and causing natural disasters. Hence, these disaster recovery stocks could be prudent investing options on Earth Day.

Play Disaster Recovery Stocks on Earth Day

Sterling's business structure became indeed more balanced and less dependent only on the E-Infrastructure Solutions segment, while the margin expansion led to a 50.5% YoY increase in EBIT.

Sterling Infrastructure Stock: Why I'm Still Bullish

Dream Finders Homes

Gap Inc

Among the Zacks Rank #1 (Strong Buy) list, several stocks were sizzling before more volatility hit the broader market but now may be a good time to start eying their rebounds.

Don't Overlook These Highly Ranked Stocks Poised for a Rebound

Pilgrim's Pride

Tesco PLC

TSCDY, STRL and PPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 18, 2023.

Best Growth Stocks to Buy for April 18th

Caterpillar

Deere & Company

Infrastructure stocks are poised for significant growth as global economies look to revitalize and modernize aging infrastructure. With governments channeling substantial funding towards building and enhancing roads, bridges, utilities and energy projects, the infrastructure sector offers investors attractive long-term opportunities.

The 3 Smartest Infrastructure Stocks to Buy to Pave Your Way to Profits

The AZEK Company

STRL, AZEK and AZZ made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 16, 2024.

Best Growth Stocks to Buy for April 16th

Deckers Outdoor

Herc Hlds

Modine Manufacturing

A company capable of generating earnings well above its interest expense can withstand financial hardship. STRL, MOD, DECK and HRI are sound enough to meet financial obligations.

4 Stocks That Sport Impressive Interest Coverage Ratio

News for Sterling Construction Stock (STRL)