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's (STRL) focus on inorganic moves, the execution of projects and strategic objectives bode well.

Sterling (STRL) Reaches 52-Week High: Will It Move Higher?

Sterling Infrastructure (STRL) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Sterling Infrastructure (STRL)

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Sterling Infrastructure's revenue should benefit from a healthy backlog and good end-market demand. Margin should benefit from a focus on higher margin project wins.

Sterling Infrastructure: Good Growth At Attractive Valuations

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL), ("Sterling" or the "Company") today announced that its Chief Executive Officer, Joe Cutillo and EVP & Chief Financial Officer, Ronald Ballschmiede, will be participating in the Sidoti Micro Cap Virtual Conference on Thursday, May 11, 2023. Sterling will present at 2:30 PM ET that day. STRL's management will be available for one-on-one meetings all day. To schedule a meeting, please contact your Sidoti ins.

Sterling to Participate in the Sidoti Micro Cap Virtual Conference on Thursday, May 11th

Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET Company Participants Noelle Dilts - VP of IR and Corporate Strategy Joseph Cutillo - CEO Ron Ballschmiede - CFO Conference Call Participants Sean Eastman - KeyBanc Brent Thielman - D.A. Davidson Brian Russo - Sidoti & Company Operator Greetings.

Sterling Infrastructure, Inc. (STRL) Q1 2023 Earnings Call Transcript

Sterling Infrastructure (STRL) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.64 per share a year ago.

Sterling Infrastructure (STRL) Tops Q1 Earnings and Revenue Estimates

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or the “Company”) today announced financial results for the first quarter 2023. The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. First Quarter 2023 Results Revenues of $403.6 million, an increase of 10% Gross margin of 15.3%, an increase from 15.1% Net Income of $19.6 million, or $0.64 per diluted share, an increas.

Sterling Reports Record First Quarter 2023 Results

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling") has published its 2023 Sustainability Report titled, Leading The Way - The Sterling Way. The report highlights Sterling's ongoing sustainability efforts woven into corporate initiatives and reflects the Company's Environmental, Social and Governance (ESG) related activities and business practices. The report can be accessed via The Sterling Way (ESG) section of the Company's website at https://www.

Sterling Publishes Its 2023 Sustainability Report

Sterling Infrastructure (STRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Sterling Infrastructure (STRL) to Report a Decline in Earnings: What to Look Out for

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that Ralph L. Wadsworth Construction Company, LLC (RLW), was awarded a $70 million design/build contract for the Yellowstone River Bridge Project. The project began in April 2023 and is expected to finish at the end of 2026.

Sterling Announces a $70 Million Design-Build Transportation Solutions Award

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the first quarter of 2023 on Monday, May 1, 2023, after the stock market closes. Sterling's management will host a conference call on Tuesday, May 2, 2023, at 9:00 am ET/8:00 am CT to discuss the 2023 first quarter results, as well as the 2023 outlook.

Sterling Schedules 2023 First Quarter Release and Conference Call

Sterling (STRL) reports $325 million of new bookings in Q1, courtesy of higher domestic infrastructure-related spending.

Sterling's (STRL) E-Infrastructure Books $325M Contract in Q1

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling") today announced that its E-Infrastructure Solutions segment reported new awards totaling $325 million during the first quarter of 2023. This includes the previously announced award by Hyundai Engineering America, Inc. for a site development project encompassing over 600 acres, the largest E-Infrastructure project in the company's history.

Sterling Announces Record Bookings of $325 million in E-Infrastructure Solutions for the First Quarter 2023

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") announces the appointment of Noelle Dilts to the role of Vice President of Investor Relations and Corporate Strategy. In this position, Noelle will be responsible for leading Investor Relations and determining areas of strategic focus to grow existing and new segments.

Sterling Announces Noelle Dilts as Vice President of Investor Relations and Corporate Strategy

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THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL), ("Sterling" or the "Company") today announced that its Chief Executive Officer, Joe Cutillo, and EVP & Chief Financial Officer, Ronald Ballschmiede, will be participating in the Sidoti Small-Cap Virtual Conference on Wednesday, March 22, 2023. Sterling will present at 2:30 PM ET that day. STRL's management will be available for one-on-one meetings all day.

Sterling to Participate in the Sidoti Small-Cap Virtual Conference on Wednesday, March 22nd

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Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Joe Cutillo - CEO Ron Ballschmiede - CFO Conference Call Participants Brent Thielman - D.A. Davidson Alex Dwyer - KeyBanc Capital Markets Brian Russo - Sidoti Operator Greetings.

Sterling Infrastructure, Inc. (STRL) Q4 2022 Earnings Call Transcript

Sterling's (STRL) fourth-quarter 2022 results benefit from a solid E-Infrastructure Solutions segment.

Sterling's (STRL) Q4 Earnings Miss, Revenues Beat, Stock Up

Sterling Infrastructure (STRL) delivered earnings and revenue surprises of -2.94% and 2.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sterling Infrastructure (STRL) Q4 Earnings Lag Estimates

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or the “Company”) today announced financial results for the fourth quarter and full year 2022 and provided full year 2023 guidance. Fourth Quarter 2022 Results (compared with prior year period) (The financial information herein is from continuing operations unless otherwise noted) Revenues of $448.6 million, an increase of 26% Gross margin of 15.4%, an increase from 14.8% Net Income was $20.

Sterling Reports Record Fourth Quarter and Full Year 2022 Results

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THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling") today announced that its subsidiary, Plateau of its E-Infrastructure Solutions segment, was awarded one of its largest site development projects, encompassing over 600 acres, by Hyundai Engineering America, Inc. The state of Georgia continues to see significant investments in the growing electric vehicle (EV) ecosystem.

News for Sterling Construction Stock (STRL)