Sterling Infra Stock Price, News & Analysis

Sterling Infrastructure (STRL) has secured an amendment to its 2019 credit agreement, extending and expanding its credit facility. The amended facility includes a $300M term loan and $150M revolving credit facility, maturing in June 2028. Key improvements include reduced quarterly repayment obligations from $6.56M to $3.75M, a 25 basis point reduction in applicable margin rates, and less restrictive covenants. The company maintains a strong cash position of $785M, with the revolving facility currently undrawn. The amendment allows for potential facility increases up to $400M or 100% of EBITDA, plus unlimited amounts up to 2.0X Total Net Leverage, providing significant flexibility for future growth through organic expansion and M&A opportunities.

Sterling Infrastructure (NASDAQ: STRL) has announced its participation in two upcoming investor conferences in June 2025. The company will present at the William Blair 45th Annual Growth Stock Conference on June 3rd at the Loews Chicago Hotel, with a scheduled presentation from 8:40-9:10 am CT. Additionally, Sterling will attend the Stifel 2025 Cross Sector Insight Conference on June 4th at the InterContinental Boston.

Management will be available for one-on-one meetings with investors at both events. Interested parties should contact their representatives or Noelle Dilts for attendance arrangements.

Sterling Infrastructure reported strong Q1 2025 results and raised its full-year guidance. Revenue increased 7% to $430.9M, with net income rising 27% to $39.5M ($1.28 per diluted share). The company achieved significant margin improvements with gross margin expanding to 22.0% from 17.5%. Adjusted EBITDA grew 31% to $80.3M. Sterling's E-Infrastructure Solutions segment showed impressive growth with 18% revenue increase and 61% adjusted operating income growth. The company acquired Drake Concrete in Dallas-Fort Worth, expected to contribute $55M in revenue. Based on strong performance, Sterling raised its 2025 guidance, projecting revenue of $2.05-2.15B and adjusted diluted EPS of $8.40-8.90. The company's backlog stands at $2.13B, up 17% year-over-year, with data centers representing over 65% of E-Infrastructure backlog.

Sterling Infrastructure (STRL) has announced its schedule for the 2025 first quarter financial results release and conference call. The company will release its Q1 2025 results on Monday, May 5, 2025, after market close.

A conference call with management will follow on Tuesday, May 6, 2025, at 9:00 am ET/8:00 am CT to discuss quarterly results and the 2025 outlook. Investors can participate by dialing (800) 836-8184, with instructions to call ten minutes before the scheduled start.

The company will provide a slide presentation on their website's Investor Relations tab under Events & Presentations. A simultaneous webcast will be available at www.strlco.com, with a 30-day archive available for those unable to attend the live call.

Patterson Companies (PDCO) is set to be removed from the S&P SmallCap 600 index as Patient Square Capital is finalizing its acquisition of the company. The change will take effect prior to market opening on April 17, 2025.

Sterling Infrastructure (STRL) will replace Patterson Companies in the index. The modification reflects the pending completion of Patterson Companies' acquisition, subject to final closing conditions.

Sterling Infrastructure (STRL) has released its 2025 Sustainability Report, titled 'Building Tomorrow Today', showcasing the company's ESG initiatives and sustainable business practices. CEO Joe Cutillo emphasized Sterling's important role in advancing America's infrastructure through various projects including data centers, manufacturing facilities, transportation systems, and residential construction.

The comprehensive report, accessible through the company's website at strlco.com/sustainability, details Sterling's commitment to creating lasting positive impacts for future generations. The document outlines the company's sustainability-focused initiatives, partnerships, and engagements, reflecting their dedication to what they call 'The Sterling Way' - protecting their people, communities, and environment.

Sterling Infrastructure (NASDAQ: STRL) has announced leadership changes in its financial department. Ronald A. Ballschmiede, the company's Executive Vice President, has been appointed as interim Principal Financial Officer and Principal Accounting Officer, effective March 14th, 2025. This appointment follows the departure of Sharon Villaverde, who is leaving to pursue other opportunities.

Ballschmiede brings significant experience to the interim role, having previously served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, while maintaining his Executive Vice President position since 2015. The company has initiated a formal search process to identify a permanent Chief Financial Officer.

Sterling Infrastructure (NasdaqGS: STRL) has announced its participation in the upcoming Sidoti Virtual Investor Conference on March 19, 2025. The company's management will deliver a presentation from 1:00-1:30 pm ET in Track 2.

The event will feature one-on-one meetings between Sterling's management and investors. Interested participants can attend by contacting their representatives or reaching out to Noelle Dilts at the provided email address.

NPK International (NYSE: NPKI) has appointed Joseph A. Cutillo to its board of directors, effective March 10, 2025. Cutillo, who currently serves as CEO of Sterling Infrastructure (NASDAQ: STRL) since 2017, brings over 30 years of experience in strategy and operations related to critical infrastructure, transportation, and datacenter construction projects.

Cutillo will serve on NPK's Audit Committee, Compensation Committee, and Environmental, Social and Governance Committee. His previous experience includes leadership roles at Sterling and serving as President and CEO of Inland Pipe Rehabilitation He currently serves on the American Road and Transportation Builders Association board and the Northeastern University Civil and Environmental Engineering Industry Advisory Board.

Chairman Rose M. Robeson highlighted Cutillo's expertise in scaling businesses within critical infrastructure markets and his track record of creating shareholder value through strategic execution as valuable assets for NPK's transformation goals.