Welcome to our dedicated page for Sterling Infra news (Ticker: STRL), a resource for investors and traders seeking the latest updates and insights on Sterling Infra stock.
Sterling Infra (STRL) delivers essential heavy civil construction services across transportation networks, data center developments, and residential building projects. This news hub provides investors and industry stakeholders with timely updates on the company's operational milestones, financial performance, and market positioning.
Access official press releases and curated news coverage spanning STRL's three core segments: Transportation Solutions (highway/bridge construction), E-Infrastructure Solutions (data center/e-commerce site development), and Building Solutions (residential/commercial foundations). Track project awards, technology implementations, and partnership announcements that demonstrate the company's engineering capabilities across public and private sector contracts.
This resource consolidates earnings reports, leadership updates, and strategic initiatives while maintaining strict editorial neutrality. Regular updates ensure visibility into STRL's role in modernizing North American infrastructure through advanced construction techniques and large-scale project execution.
Bookmark this page for streamlined monitoring of Sterling Infra's developments in critical sectors including transportation connectivity, data center expansion, and sustainable building practices. Verify time-sensitive details through linked source documents and regulatory filings.
Sterling Construction Company (NasdaqGS: STRL) announced that CEO Joe Cutillo and CFO Ronald Ballschmiede will present at the Jefferies Virtual Industrials Conference on August 4, 2021, at 2:00 PM ET. A live webcast of their presentation is scheduled from 2:00 to 2:25 PM ET, with an archived recording available for 30 days on the company’s website. Sterling operates through subsidiaries specializing in Heavy Civil, Specialty Services, and Residential projects across the U.S., focusing on infrastructure, land development, and concrete foundations.
Sterling Construction Company (NasdaqGS: STRL) plans to release its Q2 2021 financial results on August 2, 2021, after market close. A conference call is scheduled for August 3, 2021, at 9:00 am ET to discuss the results and outlook. The call will be accessible via phone at (201) 493-6744 or (877) 445-9755. A slide presentation will accompany the call and be available on www.strlco.com. The company operates in heavy civil, specialty services, and residential projects primarily in the U.S.
Sterling Construction Company (NasdaqGS: STRL) has amended its credit agreement with BMO Harris Bank, resulting in significant financial benefits. The interest rate on borrowings is reduced by two percentage points and mandatory quarterly payments drop from $12.5 million to $4.1 million. These changes, approved by all ten banks in the lending syndicate, are expected to lower pre-tax interest expenses by approximately $1.6 million per quarter for the remainder of 2021. The amendment reflects strong operational performance and aims to enhance growth and shareholder value.
Sterling Construction Company (NasdaqGS: STRL) announced that CEO Joe Cutillo and CFO Ronald Ballschmiede will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 10:00 AM EDT. The company’s management will also hold one-on-one meetings throughout the day. Interested parties can schedule meetings via their Stifel representative or Fred Buonocore. A live webcast of the presentation is available from 10:00 - 10:30 AM EDT, with an archived version accessible for 90 days on the company's investor relations webpage.
Sterling Construction Company reported strong financial results for Q1 2021, with revenues of $315.3 million, up from $296.7 million in Q1 2020. The gross margin improved to 14.3% compared to 11.9% the previous year. Operating income rose to $22.8 million from $12.1 million, while net income reached $10.6 million, significantly higher than $3.1 million in Q1 2020. Earnings per share (EPS) increased to $0.37 from $0.11. Cash from operations also saw substantial growth, totaling $38.7 million compared to $10.8 million in the previous year.
Sterling Construction Company (NasdaqGS: STRL) announced awards for approximately $170 million in projects during Q1 2021, enhancing its Specialty Services segment. Key projects involve data centers, distribution centers, e-commerce, and healthcare in Florida. CEO Joe Cutillo highlighted the segment's strong performance in winning and executing projects, bolstering a solid backlog with blue-chip clients. The company remains optimistic about its end markets' outlook throughout 2021, reinforcing its reputation for delivering consistent value.
Sterling Construction Company (NasdaqGS: STRL) plans to release its financial results for Q1 2021 on May 3, 2021, after market close. A conference call is scheduled for May 4, 2021, at 9:00 am ET to discuss the results and 2021 outlook. Participants can join by calling (201) 493-6744 or (877) 445-9755. A slide presentation will be available on the company’s website. Established in 1955, Sterling specializes in heavy civil, specialty services, and residential projects across the U.S., focusing primarily on the southern states and strategic locations.
Sterling Construction Company (NasdaqGS: STRL) announced that its subsidiary, Road and Highway Builders, LLC, secured a $20.8 million contract from the Nevada Department of Transportation. This project involves reconstructing 25 miles of I-80 in Pershing County, focusing on asphalt paving and bridge widenings to alleviate traffic congestion and enhance safety. CEO Joe Cutillo emphasized the company's capability to manage fast-tracked projects, which was pivotal in securing the contract. The company operates across various construction segments in key U.S. regions.
Sterling Construction Company (NasdaqGS: STRL) announced its subsidiary, J. Banicki Construction, has received a $10.5 million contract from the City of Phoenix and FAA for apron reconstruction at Phoenix Sky Harbor International Airport's Terminal 4. This contract is part of a larger $71 million project initiated in 2015. The project aims to enhance aircraft ground traffic and safety by constructing around 48,000 square yards of concrete apron and related infrastructure. CEO Joe Cutillo highlighted the company's strong track record as a key factor in securing this contract.
