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 (STRL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Sterling Infrastructure, Inc. (STRL) Hits Fresh High: Is There Still Room to Run?

Sterling Infrastructure (STRL) capitalizes on strong secular trends in North America's growing infrastructure construction market, driven by increased government spending and private sector investment. STRL's E-Infrastructure Solutions segment, focusing on data centers and advanced manufacturing, has become its largest revenue stream, significantly boosting operating margins. The company's strategic execution and strong balance sheet support its growth initiatives, with a 21% revenue CAGR and improved profitability in recent years.

Sterling Infrastructure: Capitalizing On Data Center Tailwinds

Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 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 Company Operator Welcome to Sterling Infrastructure 3Q '24, webcast and conference call.

Sterling Infrastructure, Inc. (STRL) Q3 2024 Earnings Call Transcript

Sterling Infrastructure (STRL) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.26 per share a year ago.

Sterling Infrastructure (STRL) Surpasses Q3 Earnings Estimates

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

Sterling Reports Record Third Quarter 2024 Results and Raises Full Year Profitability Guidance

THE WOODLANDS, Texas , Nov. 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conferences: Baird Global Industrial Conference Date: November 13-14, 2024 Venue: The Ritz-Carlton, Chicago Company presentation is scheduled for November 14 th from 10:15-10:45 AM CT Southwest IDEAS Conference Date: November 20, 2024 Venue: The Statler DallasCompany presentation is scheduled from 4:10-4:45 PM CT Webcast: https://wsw.com/webcast/threepa45/strl/2257338 Sterling's management will host one-on-one meetings with investors at these events. Those interested in attending these conferences should reach out to their respective representatives or Noelle Dilts at noelle.dilts@strlco.com.

Sterling to Participate in Upcoming Investor Conferences

Sterling Infrastructure, Inc. STRL is scheduled to report third-quarter 2024 results on Nov. 6, after the closing bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.

Sterling Stock Before Q3 Earnings Release: To Buy or Not to Buy?

In the most recent trading session, Sterling Infrastructure (STRL) closed at $154.45, indicating a +0.64% shift from the previous trading day.

Why the Market Dipped But Sterling Infrastructure (STRL) Gained Today

E-infrastructure revenue up by 100% YoY in Q2, showing decent progress in Sterling Infrastructure's strategic shift in this segment towards highly lucrative data center infrastructure projects. Transportation segment revenue grew 54% YoY, with a $1.5 billion backlog and an additional $500 million in potential future contracts. Capital expenditures for transportation projects have pressured free cash flow. However, milestone payments in upcoming quarters are expected to improve the cash flow statement.

Sterling Infrastructure: Plenty Of Growth Ahead In AI Data Centers And Big Transportation Projects

Sterling Infrastructure (STRL) closed at $150.66 in the latest trading session, marking a -1.76% move from the prior day.

Why Sterling Infrastructure (STRL) Dipped More Than Broader Market Today

Sterling Infrastructure, Inc. STRL stock is trading at a premium compared with the Zacks Engineering - R and D Services industry. With a forward 12-month Price/Earnings (P/E) ratio of 25.76X, it is above the industry's average of 23.81X and a five-year median of 10.65X.

Is Sterling Stock a Buy, Sell, or Hold at a P/E Multiple of 25.76X?

THE WOODLANDS, Texas , Oct. 24, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the third quarter of 2024 on Wednesday, November 6, 2024, after the stock market closes. Sterling's management will host a conference call on Thursday, November 7, 2024, at 10:00 am ET/9:00 am CT to discuss the third quarter results, as well as the 2024 outlook.

Sterling Schedules 2024 Third Quarter Release and Conference Call

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The latest trading day saw Sterling Infrastructure (STRL) settling at $165.40, representing a -0.5% change from its previous close.

Sterling Infrastructure (STRL) Declines More Than Market: Some Information for Investors

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Sterling Infrastructure (STRL) concluded the recent trading session at $154.09, signifying a +1.95% move from its prior day's close.

Sterling Infrastructure (STRL) Beats Stock Market Upswing: What Investors Need to Know

Sterling Infrastructure (STRL) closed at $144.87 in the latest trading session, marking a -0.83% move from the prior day.

Here's Why Sterling Infrastructure (STRL) Fell More Than Broader Market

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The latest trading day saw Sterling Infrastructure (STRL) settling at $143.26, representing a -1.77% change from its previous close.

Sterling Infrastructure (STRL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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STRL or ALTR: Which Is the Better Value Stock Right Now?

Sterling Infrastructure (STRL) reachead $146.14 at the closing of the latest trading day, reflecting a +0.14% change compared to its last close.

Sterling Infrastructure (STRL) Increases Yet Falls Behind Market: What Investors Need to Know

Although Sterling is trading near its 52-week high, it's still a favorable time to invest in the stock given the significant growth potential in e-infrastructure and positive estimate revisions.

STRL Stock Near 52-Week High: Here's Why It's Still a Strong Buy

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