Profile
Sector:
IndustrialsIndustry:
Engineering & ConstructionCountry:
United StatesIPO:
12 July 1991Website:
http://www.strlco.comNext earnings report:
27 February 2025Last dividends:
23 December 1998Next dividends:
N/APrice
pre-market | 10 min agoDividend
Analysts recommendations
Institutional Ownership
Included in screeners
STRL Latest News
THE WOODLANDS, Texas , Nov. 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that Thomas M. White will retire from the company's Board of Directors (the "Board") effective December 31, 2024.
Recently, Zacks.com users have been paying close attention to Sterling Infrastructure (STRL). This makes it worthwhile to examine what the stock has in store.
Sterling Infrastructure have been highlighted in this Industry Outlook article.
Amid a broader post-election rally, quite a few stocks have hit fresh 52-week highs with Sterling Infrastructure (STRL) being one that stands out in particular.
Sterling Infrastructure (STRL) could produce exceptional returns because of its solid growth attributes.
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, 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 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.
In the most recent trading session, Sterling Infrastructure (STRL) closed at $154.45, indicating a +0.64% shift from the previous trading day.
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.
What type of business is Sterling Infrastructure?
Sterling Infrastructure, Inc. engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors. The Transportation Solutions segment is involved in the development of infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads. The Building Solutions segment provides residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, other concrete work for developers and general contractors, as well as provides plumbing services for residential builds. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.
What sector is Sterling Infrastructure in?
Sterling Infrastructure is in the Industrials sector
What industry is Sterling Infrastructure in?
Sterling Infrastructure is in the Engineering & Construction industry
What country is Sterling Infrastructure from?
Sterling Infrastructure is headquartered in United States
When did Sterling Infrastructure go public?
Sterling Infrastructure initial public offering (IPO) was on 12 July 1991
What is Sterling Infrastructure website?
https://www.strlco.com
Is Sterling Infrastructure in the S&P 500?
No, Sterling Infrastructure is not included in the S&P 500 index
Is Sterling Infrastructure in the NASDAQ 100?
No, Sterling Infrastructure is not included in the NASDAQ 100 index
Is Sterling Infrastructure in the Dow Jones?
No, Sterling Infrastructure is not included in the Dow Jones index
When was Sterling Infrastructure the previous earnings report?
No data
When does Sterling Infrastructure earnings report?
The next expected earnings date for Sterling Infrastructure is 27 February 2025