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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THE WOODLANDS, Texas , Feb. 12, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that Ronald Ballschmiede, Sterling's Chief Financial Officer ("CFO"), has informed the Company of his plan to retire in 2024. CEO Remarks "Ron has been a tremendous partner as we worked to build Sterling into the company it is today," stated Joe Cutillo, Sterling's Chief Executive Officer.

Sterling Announces Planned Retirement of Chief Financial Officer Ronald Ballschmiede

In the latest trading session, Sterling Infrastructure (STRL) closed at $76.93, marking a +1.06% move from the previous day.

Sterling Infrastructure (STRL) Rises Higher Than Market: Key Facts

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In the latest trading session, Sterling Infrastructure (STRL) closed at $77.17, marking a +0.18% move from the previous day.

Sterling Infrastructure (STRL) Advances While Market Declines: Some Information for Investors

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Sterling Infrastructure is an infrastructure services provider with a focus on e-infrastructure, transportation, and building solutions. The company has experienced significant growth in its share price and record-high EPS in 2023. Sterling's revenues have seen strong year-over-year growth, particularly in building and transportation solutions, driven by increased demand in residential and commercial real estate.

Sterling Infrastructure: Long-Term Winner, Better Entry Points

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A company that is capable of generating earnings well above its interest expense can withstand financial hardship. EG, STRL, ATO and AMZN are sound enough to meet financial obligations.

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Sterling Infrastructure, Inc. is a $2.7 billion market cap firm operating across E-Infrastructure (45%), Transportation Solutions (35%), and Building Solutions (20%) segments in the United States. Based on what I can see from the company's latest Q3 results, the management's words regarding end market tailwinds are indeed coming true. STRL does not look like a highly undervalued company today, but its success in terms of margin expansion against the backdrop of rapid backlog growth can only inspire admiration.

Sterling Infrastructure: Still Top-Rated, Still Attractive

If you are looking for stocks that are well positioned to maintain their recent uptrend, Sterling Infrastructure (STRL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

What Makes Sterling Infrastructure (STRL) a Good Fit for 'Trend Investing'

THE WOODLANDS, Texas , Dec. 28, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility by 18-months to April of 2026. The size, economics and covenants of the amended credit agreement are substantially unchanged.

Sterling Announces Extension of Credit Facility

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Sterling Infrastructure (STRL) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Here's Why 'Trend' Investors Would Love Betting on Sterling Infrastructure (STRL)

Sterling Infrastructure has acquired Professional Plumber Group, which is expected to accelerate its growth by expanding its service offerings and customer base. The company reported strong financial results, with revenue and net income increasing significantly. Sterling Infrastructure appears optimistic about its future growth and has updated its guidance for FY2023, expecting increased revenue and net income.

Sterling Infrastructure: Professional Plumbers Acquisition Can Accelerate The Growth

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THE WOODLANDS, Texas , Dec. 5, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that its Board of Directors has authorized a program to repurchase shares of Sterling's outstanding common stock. Under the program, Sterling may repurchase up to $200 million of its outstanding common stock over the next 24 months.

Sterling Announces Authorization of a $200 Million Stock Repurchase Program

Sterling Infrastructure, Inc. has corrected ~20% since my last article, making the valuation reasonable. STRL's revenue growth is supported by a healthy backlog level of $2.4 billion and increasing demand for data centers, manufacturing operations, and federal infrastructure funding. The company's margin growth is driven by high-margin projects in the backlog and improving execution.

Sterling Infrastructure: Moving To A Buy Again After The Recent Correction (Rating Upgrade)

After losing some value lately, a hammer chart pattern has been formed for Sterling Infrastructure (STRL), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Sterling Infrastructure (STRL) Is a Great 'Buy the Bottom' Stock Now

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Sterling (STRL) focuses on the execution of strategic buyouts and objectives.

Sterling (STRL) Buys PPG Within the Building Solutions Unit

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THE WOODLANDS, Texas , Nov. 16, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it has acquired Professional Plumbers Group, Incorporated (PPG), headquartered in Wylie, Texas. PPG serves a range of residential home builders in the greater Dallas area and will join Sterling's Building Solutions segment.

Sterling Acquires Texas-Based Professional Plumbers Group

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News for Sterling Construction Stock (STRL)