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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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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Sterling Infrastructure (STRL) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.97 per share a year ago.

Sterling Infrastructure (STRL) Tops Q3 Earnings Estimates

THE WOODLANDS, Texas , Nov. 6, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or the "Company") today announced financial results for the third quarter 2023. The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted.

Sterling Reports Third Quarter 2023 Results and Increases 2023 Full Year Guidance

Sterling's (STRL) third-quarter performance is likely to have gained from strong demand across the board.

Sterling (STRL) to Report Q3 Earnings: Here's What to Expect

THE WOODLANDS, Texas , Oct. 31, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced awards in its E-Infrastructure Solutions segment totaling over $260 million during the third quarter of 2023. Sterling's E-Infrastructure site development projects include services for industrial facilities, data centers, multi-use facilities, e-commerce distribution centers and warehouses.

Sterling Announces Awards of $260 Million in E-Infrastructure Solutions for the Third Quarter 2023

THE WOODLANDS, Texas , Oct. 31, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced third quarter 2023 Transportation Solutions awards totaling over $470 million, contributing to record consolidated backlog at quarter end. CEO Rema rks "Activity in our Transportation Solutions segment remains extremely strong, driven by high levels of state funding and the benefits of the Infrastructure Investment and Jobs Act.

Sterling Announces Awards of Over $470 Million in Transportation Solutions for the Third Quarter 2023

Sterling Infrastructure (STRL) concluded the recent trading session at $72.25, signifying a +1.93% move from its prior day's close.

Sterling Infrastructure (STRL) Surpasses Market Returns: Some Facts Worth Knowing

THE WOODLANDS, Texas , Oct. 26, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the third quarter on Monday, November 6, 2023, after the stock market closes. Sterling's management will host a conference call on Tuesday, November 7, 2023, at 9:00 am ET/8:00 am CT to discuss the 2023 third quarter, as well as the 2023 outlook.

Sterling Schedules 2023 Third Quarter Release and Conference Call

A diversified industrial providing infrastructure and rehabilitation for large-scale projects across the United States, this stock's operating margins are driving future growth. Boasting nine consecutive top-and-bottom-line earnings beats, this company is focused on strategic execution, its bottom line, risk reduction, and delivering high-margin products and services. Sterling Infrastructure showcases an excellent balance sheet and consistent growth, which includes 22% organic revenue growth from its top-performing e-infrastructure segment.

Top Construction Stock Keeps Shining: Sterling Infrastructure (STRL)

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Sterling Infrastructure (STRL) closed the most recent trading day at $77.44, moving -1.4% from the previous trading session.

Sterling Infrastructure (STRL) Falls More Steeply Than Broader Market: What Investors Need to Know

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Sterling Infrastructure is a diversified company operating in the infrastructure and construction industry across various segments. The company has shown solid financial performance with improving profitability metrics and wide free cash flow margin. The stock is currently undervalued according to a discounted cash flow simulation, with a potential upside of 130%.

Sterling Infrastructure: The Undervalued FCF Star

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Sterling Infrastructure has undergone a strategic shift towards becoming an infrastructure service provider, resulting in consistent top-line growth and margin expansion. The company's financial results have exceeded estimates for the past nine quarters, with strong performance in the e-infrastructure, transportation, and building segments. Sterling's backlog is at record levels, and the company has raised its full-year 2023 guidance, expecting continued revenue and net income growth.

Sterling Infrastructure: Still A Buy, Despite The Strong Rally In 2023

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News for Sterling Construction Stock (STRL)