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Sterling Infra - STRL STOCK NEWS

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.

Overview of Sterling Infra

Sterling Infra (STRL) is a comprehensive heavy civil construction company specializing in the development and rehabilitation of critical infrastructure. The company operates across three primary segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions. With a strong emphasis on quality construction and engineering expertise, Sterling Infra is recognized for executing complex projects ranging from highways, bridges, and roads to water, wastewater, and storm drainage systems.

Core Business Segments

The Transportation Solutions segment focuses on constructing and reconstructing transportation infrastructure such as highways, roads, bridges, airfields, ports, and light rail systems. These ventures address essential mobility needs and support regional connectivity. Meanwhile, the E-Infrastructure Solutions segment delivers advanced, large-scale site development services for mission-critical projects. This segment caters to blue-chip clients in the e-commerce, data center, manufacturing, distribution, and warehousing sectors, reflecting Sterling Infra's commitment to modern, technology-driven infrastructure. The Building Solutions segment, which includes both residential and commercial concrete work, emphasizes the construction of durable foundations and other concrete structures essential for sustainable development.

Industry Expertise and Operational Excellence

Sterling Infra has built its reputation on a foundation of engineering excellence, innovative construction practices, and a customer-centric approach. The company employs state-of-the-art technologies and advanced construction methodologies to achieve precise execution on large-scale infrastructure projects. Its technical proficiency in integrating sophisticated project management techniques, quality assurance protocols, and efficient operational practices positions it uniquely among its peers.

Project Diversity and Market Leadership

One of the distinguishing aspects of Sterling Infra is its diversified project portfolio. By embracing both traditional heavy civil projects and new-generation E-Infrastructure projects, the company ensures a balanced revenue mix while serving a broad customer base. Its expertise spans from rebuilding critical transportation systems to delivering highly specialized services for data center and manufacturing projects. The ability to shift focus toward high-value, mission-critical assignments underscores the company's strategic adaptability and solid market presence.

Commitment to Quality and Execution

Throughout its operations, Sterling Infra emphasizes strict adherence to industry standards, meticulous planning, and on-time delivery. The company leverages innovative construction technologies and rigorous project management frameworks to meet the complex demands of infrastructure projects. This commitment to excellence is built upon years of experience and continuous improvement, which enhances both operational efficiencies and long-term value creation for its stakeholders.

Competitive Position and Value Proposition

Sterling Infra stands out in the competitive landscape by combining deep technical know-how with a versatile service offering. Its diversified segments not only mitigate risk but also allow the company to effectively respond to evolving market demands in both traditional and emerging construction sectors. The firm's emphasis on quality execution and strategic project selection reinforces its reputation as a reliable, expert partner in the field of heavy civil construction and infrastructure rehabilitation.

Conclusion

In summary, Sterling Infra offers an integrated service model that spans a wide array of infrastructure projects. From critical transportation networks to progressive E-Infrastructure developments and residential foundations, the company demonstrates a robust ability to serve diverse public and private sector needs. With deep industry expertise, advanced technological integration, and rigorous execution standards, Sterling Infra continues to be a key player in shaping the landscape of modern infrastructure development.

Rhea-AI Summary
Sterling Infrastructure, Inc. (STRL) will release its financial results for Q4 and full year 2023 on Feb 26, 2024, followed by a conference call on Feb 27, 2024, to discuss results and the 2024 outlook. Interested parties can dial (800) 836-8184 to participate.
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Sterling Infrastructure, Inc. (STRL) CFO Ronald Ballschmiede plans to retire in 2024, with a succession plan in place. CEO Joe Cutillo praises Ron's contributions and assures a smooth transition.
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Sterling Infrastructure, Inc. (STRL) to participate in Sidoti Virtual Investor Conference on January 18, 2024. Management will present and host one-on-one meetings with investors. Webcast link available on company's website.
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Sterling Infrastructure, Inc. (NasdaqGS: STRL) has announced an 18-month extension of its 2019 credit agreement, with a $425 million credit facility consisting of a term loan and a revolving credit facility. As of September 30, 2023, $347.4 million in borrowings were outstanding under the term loan, the revolving credit facility was undrawn, and cash and cash equivalents totaled $409.4 million. The credit agreement amendment was led by BMO Capital Markets Corp. and BMO Bank N.A. Sterling's CEO, Joe Cutillo, expressed satisfaction with the support and confidence of existing lenders and highlighted the capital flexibility provided by the extension to facilitate organic growth and M&A opportunities.
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Sterling Infrastructure, Inc. (NasdaqGS: STRL) has authorized a program to repurchase up to $200 million of its outstanding common stock over the next 24 months. The share repurchase program reflects the company's confidence in its outlook for 2024 and beyond, with a focus on maximizing shareholder value through prudent capital allocation decisions.
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Sterling Infrastructure, Inc. (NasdaqGS: STRL) Acquires Professional Plumbers Group, Inc. in a $50 Million Deal. The acquisition includes an earnout opportunity, annual revenues of $50 to $55 million, and a strong margin profile. PPG provides plumbing services for residential home builders in the Dallas area, expanding Sterling's suite of residential services.
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Sterling Infrastructure, Inc. (NasdaqGS: STRL) announced its participation in two upcoming investor conferences, with a company presentation scheduled for the 15th Annual Southwest Ideas Conference on November 15, 2023, and one-on-one meetings available at the UBS Industrials Conference on November 29, 2023. Webcasts of the presentations will be accessible via the company's website, and archived recordings will be available for 90 days following the live webcasts.
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Sterling Infrastructure, Inc. (NasdaqGS: STRL) announced its financial results for Q3 2023. Revenues increased by 13.7% to $560.3 million. Gross margin improved to 16.4%. Net income rose by 28% to $39.4 million, with diluted EPS increasing by 25% to $1.26. EBITDA grew by 15.7% to $71.2 million. Cash flows from operations for the nine months ended September 30, 2023, totaled $331.2 million. Backlog increased by 42% to $2.01 billion.
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Sterling Infrastructure, Inc. announced awards in its E-Infrastructure Solutions segment totaling over $260 million during Q3 2023. The segment includes site development projects for industrial facilities, data centers, multi-use facilities, e-commerce distribution centers, and warehouses. The CEO mentioned strong demand in the data center market driven by AI and technology advancements. The company's backlog remained strong, and they expect onshoring of next-generation manufacturing to drive future business.
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Sterling Infrastructure, Inc. (NasdaqGS: STRL) announced third quarter 2023 Transportation Solutions awards of over $470 million, contributing to a record consolidated backlog. The CEO attributes the strong activity to high state funding and the Infrastructure Investment and Jobs Act. The company is experiencing broad-based award activity across core regions and end markets, allowing for selectivity in projects to drive margin expansion and reduce execution risks.
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FAQ

What is the current stock price of Sterling Infra (STRL)?

The current stock price of Sterling Infra (STRL) is $140.27 as of April 18, 2025.

What is the market cap of Sterling Infra (STRL)?

The market cap of Sterling Infra (STRL) is approximately 4.2B.

What is Sterling Infra's primary business?

Sterling Infra specializes in heavy civil construction, focusing on the development and rehabilitation of transportation, water, and building infrastructure.

Which segments does Sterling Infra operate in?

The company operates in three primary segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions.

What types of projects does the Transportation Solutions segment include?

This segment covers the construction and reconstruction of highways, roads, bridges, airfields, ports, and light rail systems that support regional mobility.

How does the E-Infrastructure Solutions segment generate revenue?

E-Infrastructure Solutions focuses on advanced, large-scale site development projects for blue-chip clients in sectors like data centers, e-commerce, manufacturing, and warehousing.

What is included under the Building Solutions segment?

The Building Solutions segment includes residential and commercial construction projects such as concrete foundations and other essential structural works.

How does Sterling Infra ensure quality in its projects?

The company employs advanced construction technologies, strict quality assurance protocols, and robust project management methods to deliver high-quality, on-time project execution.

What differentiates Sterling Infra from its competitors?

Sterling Infra differentiates itself through its diversified service offerings, deep technical expertise, innovative use of technology, and a strong focus on customer-centric project delivery.

Which regions does Sterling Infra primarily serve?

Sterling Infra operates across multiple U.S. regions, including the Southern, Northeastern, Mid-Atlantic, Rocky Mountain regions, and other states with significant construction opportunities.
Sterling Infra

Nasdaq:STRL

STRL Rankings

STRL Stock Data

4.17B
29.47M
3.18%
90.51%
5.73%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States
THE WOODLANDS